Abstract
In most nations across the world, the fundamental goal of economic policy is to achieve sustainable economic growth. Economic development, on the other hand, may have an influence on climate change and global warming, which are major worldwide concerns and problems. Thus, this research offers a new perceptive on the influence of renewable and nonrenewable energy consumption on CO2 emissions in Argentina utilizing data from the period between 1965 and 2019. The current research applied the wavelet tools to assess these interconnections. The outcomes of these analyses reveal that the association between the series evolves over both frequency and time. The current analysis uncovers notable wavelet coherence and significant lead and lag connections in the frequency domain, while in the time domain, contradictory correlations are indicated among the variables of interest. From an economic perspective, the outcomes of the wavelet analysis affirm that in the medium and long term, renewable energy consumption contributes to environmental sustainability. Furthermore, in the medium term, trade openness mitigates CO2, although in the long term, no significant connection was found. Moreover, both nonrenewable energy and economic growth contribute to environmental degradation in the short and long term. Finally, the frequency domain causality outcomes reveal that in the long term, economic growth, trade openness, and nonrenewable energy can predict CO2 emissions. The present analysis offers an innovative insight into the interconnection and comovement between CO2 and trade openness, renewable energy utilization, and GDP in the Argentinean economy. The findings from this research should be of interest to economists, researchers, and policymakers.
This is a preview of subscription content, log in via an institution to check access.
source in Argentina from 1990 to 2019
Similar content being viewed by others
Data availability
Data is readily available at https://data.worldbank.org/country/Argentina.
References
Adebayo TS (2020) Revisiting the EKC hypothesis in an emerging market: an application of ARDL-based bounds and wavelet coherence approaches. SN Appl Sci 2(12):1945. https://doi.org/10.1007/s42452-020-03705-y
Adebayo TS, Acheampong AO (2021) Modelling the globalization-CO2 emission nexus in Australia: evidence from quantile-on-quantile approach. Environ Sci Pollut Res. https://doi.org/10.1007/s11356-021-16368-y
Adebayo TS, Kirikkaleli D (2021) Impact of renewable energy consumption, globalization, and technological innovation on environmental degradation in Japan: application of wavelet tools. Environ Dev Sustain. https://doi.org/10.1007/s10668-021-01322-2
Adedoyin FF, Adebayo TS, Kirikkaleli D (2021) Toward a sustainable environment: nexus between consumption-based carbon emissions, economic growth, renewable energy and technological innovation in Brazil. Environ Sci Pollut Res. https://doi.org/10.1007/s11356-021-14425-0
Ahmed Z, Nathaniel SP, Shahbaz M (2021a) The criticality of information and communication technology and human capital in environmental sustainability: evidence from Latin American and Caribbean countries. J Clean Prod 286:125529. https://doi.org/10.1016/j.jclepro.2020.125529
Ahmed Z, Zhang B, Cary M (2021b) Linking economic globalization, economic growth, financial development, and ecological footprint: evidence from symmetric and asymmetric ARDL. Ecol Ind 121:107060. https://doi.org/10.1016/j.ecolind.2020.107060
Akinsola GD, Adebayo TS, Kirikkaleli D, Bekun FV, Umarbeyli S, Osemeahon OS (2021a) Economic performance of Indonesia amidst CO2 emissions and agriculture: a time series analysis. Environ Sci Pollut Res. https://doi.org/10.1007/s11356-021-13992-6
Akinsola GD, Awosusi AA, Kirikkaleli D, Umarbeyli S, Adeshola I, Adebayo TS (2021b) Ecological footprint, public-private partnership investment in energy, and financial development in Brazil: a gradual shift causality approach. Environ Sci Pollut Res. https://doi.org/10.1007/s11356-021-15791-5
Alola AA (2019) The trilemma of trade, monetary and immigration policies in the United States: accounting for environmental sustainability. Sci Total Environ 658:260–267. https://doi.org/10.1016/j.scitotenv.2018.12.212
Alola AA, Bekun FV, Sarkodie SA (2019) Dynamic impact of trade policy, economic growth, fertility rate, renewable and non-renewable energy consumption on ecological footprint in Europe. Sci Total Environ 685:702–709. https://doi.org/10.1016/j.scitotenv.2019.05.139
Awosusi AA, Kirikkaleli D, Akinsola GD, Adebayo TS, Mwamba MN (2021) Can CO2 emissions and energy consumption determine the economic performance of South Korea? A time series analysis. Environ Sci Pollut Res 28(29):38969–38984. https://doi.org/10.1007/s11356-021-13498-1
Bibi A, Zhang X, Umar M (2021) The imperativeness of biomass energy consumption to the environmental sustainability of the United States revisited. Environ Ecol Stat. https://doi.org/10.1007/s10651-021-00500-9
BP (2021) British Petroleum. https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/energy-economics/statistical-review/bp-stats-review-2019-china-insights.pdf. Accessed on 30 May 2021. https://www.bp.com/en/global/corporate/careers/professionals/locations/sweden.html#/
Breitung J, Candelon B (2006) Testing for short- and long-run causality: a frequency-domain approach. J Econ 132(2):363–378. https://doi.org/10.1016/j.jeconom.2005.02.004
Dogan E, Inglesi-Lotz R (2020) The impact of economic structure to the environmental Kuznets curve (EKC) hypothesis: evidence from European countries. Environ Sci Pollut Res 27(11):12717–12724. https://doi.org/10.1007/s11356-020-07878-2
Dogan E, Sebri M, Turkekul B (2016) Exploring the relationship between agricultural electricity consumption and output: new evidence from Turkish regional data. Energy Policy 95:370–377. https://doi.org/10.1016/j.enpol.2016.05.018
Dong K, Sun R, Jiang H, Zeng X (2018) CO2 emissions, economic growth, and the environmental Kuznets curve in China: what roles can nuclear energy and renewable energy play? J Clean Prod 196:51–63. https://doi.org/10.1016/j.jclepro.2018.05.271
Fatima T, Shahzad U, Cui L (2021) Renewable and nonrenewable energy consumption, trade and CO2 emissions in high emitter countries: does the income level matter? J Environ Planning Manage 64(7):1227–1251. https://doi.org/10.1080/09640568.2020.1816532
Gao C, Ge H, Lu Y, Wang W, Zhang Y (2021) Decoupling of provincial energy-related CO2 emissions from economic growth in China and its convergence from 1995 to 2017. J Clean Prod 297:126627. https://doi.org/10.1016/j.jclepro.2021.126627
Grossman GM, Krueger AB (1991) Environmental impacts of a North American free trade agreement. In Papers (No. 158; Papers). Princeton, Woodrow Wilson School - Public and International Affairs. https://ideas.repec.org/p/fth/priwpu/158.html
Hasanov FJ, Liddle B, Mikayilov JI (2018) The impact of international trade on CO2 emissions in oil exporting countries: territory vs consumption emissions accounting. Energy Econ 74:343–350. https://doi.org/10.1016/j.eneco.2018.06.004
He X, Adebayo TS, Kirikkaleli D, Umar M (2021) Consumption-based carbon emissions in Mexico: an analysis using the dual adjustment approach. Sustain Prod Consump 27:947–957. https://doi.org/10.1016/j.spc.2021.02.020
Ibrahim RL, Ajide KB (2021) Nonrenewable and renewable energy consumption, trade openness, and environmental quality in G-7 countries: the conditional role of technological progress. Environ Sci Pollut Res. https://doi.org/10.1007/s11356-021-13926-2
IEA (2021) International Energy Association. https://www.iea.org/countries/sweden. Accessed 23 Feb 2021
Ike GN, Usman O, Alola AA, Sarkodie SA (2020) Environmental quality effects of income, energy prices and trade: the role of renewable energy consumption in G-7 countries. Sci Total Environ 721:137813. https://doi.org/10.1016/j.scitotenv.2020.137813
Jamel L, Maktouf S (2017) The nexus between economic growth, financial development, trade openness, and CO2 emissions in European countries. Cogent Econ Financ 5(1):1341456. https://doi.org/10.1080/23322039.2017.1341456
Ji X, Zhang Y, Mirza N, Umar M, Rizvi SKA (2021) The impact of carbon neutrality on the investment performance: evidence from the equity mutual funds in BRICS. J Environ Manag 297:113228. https://doi.org/10.1016/j.jenvman.2021.113228
Jiang L, Zhang B, Han S, Chen H, Wei Z (2021) Upscaling evapotranspiration from the instantaneous to the daily time scale: assessing six methods including an optimized coefficient based on worldwide eddy covariance flux network. J Hydrol 596:126135. https://doi.org/10.1016/j.jhydrol.2021.126135
Kihombo S, Vaseer AI, Ahmed Z, Chen S, Kirikkaleli D, Adebayo TS (2021) Is there a tradeoff between financial globalization, economic growth, and environmental sustainability? An advanced panel analysis. Environ Sci Pollut Res. https://doi.org/10.1007/s11356-021-15878-z
Kirikkaleli D, Adebayo TS (2020) Do renewable energy consumption and financial development matter for environmental sustainability? New global evidence. Sustain Dev 2(4). https://doi.org/10.1002/sd.2159
Kirikkaleli D, Adebayo TS (2021) Do public-private partnerships in energy and renewable energy consumption matter for consumption-based carbon dioxide emissions in India? Environ Sci Pollut Res 28(23):30139–30152. https://doi.org/10.1007/s11356-021-12692-5
Kraft J, Kraft A (1978) On the relationship between energy and GNP. J Energy Dev 3(2):401–403
Li X, Zhang K, Gu P, Feng H, Yin Y, Chen W, Cheng B (2021) Changes in precipitation extremes in the Yangtze River Basin during 1960–2019 and the association with global warming, ENSO, and local effects. Sci Total Environ 760:144244. https://doi.org/10.1016/j.scitotenv.2020.144244
Lin X, Zhao Y, Ahmad M, Ahmed Z, Rjoub H, Adebayo TS (2021) Linking innovative human capital, economic growth, and CO2 emissions: an empirical study based on Chinese provincial panel data. Int J Environ Res Public Health 18(16):8503. https://doi.org/10.3390/ijerph18168503
Mohsin M, Kamran HW, Atif Nawaz M, Sajjad Hussain M, Dahri AS (2021) Assessing the impact of transition from nonrenewable to renewable energy consumption on economic growth-environmental nexus from developing Asian economies. J Environ Manage 284:111999. https://doi.org/10.1016/j.jenvman.2021.111999
Musa MS, Jelilov G, Iorember PT, Usman O (2021) Effects of tourism, financial development, and renewable energy on environmental performance in EU-28: does institutional quality matter? Environ Sci Pollut Res. https://doi.org/10.1007/s11356-021-14450-z
Mutascu M (2018) A time-frequency analysis of trade openness and CO2 emissions in France. Energy Policy 115:443–455. https://doi.org/10.1016/j.enpol.2018.01.034
Odugbesan JA, Adebayo TS, Akinsola GD, Olanrewaju VO (2021) Determinants of environmental degradation in Thailand: empirical evidence from ARDL and wavelet coherence approaches. Pollution 7(1):181–196. https://doi.org/10.22059/poll.2020.309083.8853
Orhan A, Adebayo TS, Genç SY, Kirikkaleli D (2021) Investigating the linkage between economic growth and environmental sustainability in India: do agriculture and trade openness matter? Sustainability 13(9):4753. https://doi.org/10.3390/su13094753
Ozturk I, Acaravci A (2016) Energy consumption, CO2 emissions, economic growth, and foreign trade relationship in Cyprus and Malta. Energy Sources Part B 11(4):321–327. https://doi.org/10.1080/15567249.2011.617353
Panayotou T (1997) Demystifying the environmental Kuznets curve: turning a black box into a policy tool. Environ Dev Econ 2(4):465–484. https://doi.org/10.1017/S1355770X97000259
Pata UK (2021) Renewable and non-renewable energy consumption, economic complexity, CO2 emissions, and ecological footprint in the USA: testing the EKC hypothesis with a structural break. Environ Sci Pollut Res 28(1):846–861. https://doi.org/10.1007/s11356-020-10446-3
Rjoub H, Akinsola GD, Oladipupo SD, Adebayo TS (2021) The asymmetric effects of renewable energy consumption and trade openness on carbon emissions in Sweden: new evidence from quantile-on-quantile regression approach. Environ Sci Pollut Res 1–12. https://doi.org/10.1007/s11356-021-15706-4
Sarkodie SA, Strezov V (2018) Empirical study of the environmental Kuznets curve and environmental sustainability curve hypothesis for Australia, China, Ghana and USA. J Clean Prod 201:98–110. https://doi.org/10.1016/j.jclepro.2018.08.039
Shahbaz M, Shafiullah M, Papavassiliou VG, Hammoudeh S (2017) The CO2–growth nexus revisited: a nonparametric analysis for the G7 economies over nearly two centuries. Energy Economics 65:183–193. https://doi.org/10.1016/j.eneco.2017.05.007
Shan S, Ahmad M, Tan Z, Adebayo TS, Man Li RY, Kirikkaleli D (2021) The role of energy prices and non-linear fiscal decentralization in limiting carbon emissions: tracking environmental sustainability. Energy 234:121243. https://doi.org/10.1016/j.energy.2021.121243
Sharif A, Bhattacharya M, Afshan S, Shahbaz M (2021) Disaggregated renewable energy sources in mitigating CO2 emissions: new evidence from the USA using quantile regressions. Environ Sci Pollut Res. https://doi.org/10.1007/s11356-021-13829-2
Shen X, Jiang M, Lu X, Liu X, Liu B, Zhang J, Wang X, Tong S, Lei G, Wang S, Tong C, Fan H, Tian K, Wang X, Hu Y, Xie Y, Ma M, Zhang S, Cao C, Wang Z (2021) Aboveground biomass and its spatial distribution pattern of herbaceous marsh vegetation in China. Sci China Earth Sci 64(7):1115–1125. https://doi.org/10.1007/s11430-020-9778-7
Shen X, Liu B, Jiang M, Lu X (2020) Marshland loss warms local land surface temperature in China. Geophys Res Lett 47(6):e2020GL087648. https://doi.org/10.1029/2020GL087648
Solarin SA, Al-Mulali U, Musah I, Ozturk I (2017) Investigating the pollution haven hypothesis in Ghana: an empirical investigation. Energy 124:706–719. https://doi.org/10.1016/j.energy.2017.02.089
Soylu ÖB, Adebayo TS, Kirikkaleli D (2021) The imperativeness of environmental quality in China amidst renewable energy consumption and trade openness. Sustainability 13(9):5054. https://doi.org/10.3390/su13095054
Su C-W, Song Y, Umar M (2021a) Financial aspects of marine economic growth: from the perspective of coastal provinces and regions in China. Ocean Coast Manag 204:105550. https://doi.org/10.1016/j.ocecoaman.2021.105550
Su Z-W, Umar M, Kirikkaleli D, Adebayo TS (2021b) Role of political risk to achieve carbon neutrality: evidence from Brazil. J Environ Manage 298:113463. https://doi.org/10.1016/j.jenvman.2021.113463
Tao R, Umar M, Naseer A, Razi U (2021) The dynamic effect of eco-innovation and environmental taxes on carbon neutrality target in emerging seven (E7) economies. J Environ Manage 299:113525. https://doi.org/10.1016/j.jenvman.2021.113525
Tian P, Li D, Lu H, Feng S, Nie Q (2021) Trends, distribution, and impact factors of carbon footprints of main grains production in China. J Clean Prod 278:123347. https://doi.org/10.1016/j.jclepro.2020.123347
Tufail M, Song L, Adebayo TS, Kirikkaleli D, Khan S (2021) Do fiscal decentralization and natural resources rent curb carbon emissions? Evidence from developed countries. Environ Sci Pollut Res. https://doi.org/10.1007/s11356-021-13865-y
Umar M, Ji X, Kirikkaleli D, Xu Q (2020) COP21 roadmap: do innovation, financial development, and transportation infrastructure matter for environmental sustainability in China? J Environ Manag 271:111026. https://doi.org/10.1016/j.jenvman.2020.111026
Usman O, Akadiri SS, Adeshola I (2020a) Role of renewable energy and globalization on ecological footprint in the USA: implications for environmental sustainability. Environ Sci Pollut Res Int 30681–30693
Usman O, Alola AA, Sarkodie SA (2020b) Assessment of the role of renewable energy consumption and trade policy on environmental degradation using innovation accounting: evidence from the US. Renewable Energy 150:266–277. https://doi.org/10.1016/j.renene.2019.12.151
Wang K-H, Liu L, Adebayo TS, Lobon O-R, Claudia MN (2021a) Fiscal decentralization, political stability and resources curse hypothesis: a case of fiscal decentralized economies. Resour Policy 72:102071. https://doi.org/10.1016/j.resourpol.2021.102071
Wang Z, Ben Jebli M, Madaleno M, Doğan B, Shahzad U (2021b) Does export product quality and renewable energy induce carbon dioxide emissions: evidence from leading complex and renewable energy economies. Renewable Energy 171:360–370. https://doi.org/10.1016/j.renene.2021.02.066
World Bank (2020) World Development Indicators. http://data.worldbank.org/country. Accessed 16 Apr 2021
Xue Y, Lu H, Guan Y, Tian P, Yao T (2021) Impact of thermal condition on vegetation feedback under greening trend of China. Sci Total Environ 785:147380. https://doi.org/10.1016/j.scitotenv.2021.147380
Yuping L, Ramzan M, Xincheng L, Murshed M, Awosusi AA, Bah SI, Adebayo TS (2021) Determinants of carbon emissions in Argentina: the roles of renewable energy consumption and globalization. Energy Rep 7:4747–4760. https://doi.org/10.1016/j.egyr.2021.07.065
Zhang J, Dai Y, Su C-W, Kirikkaleli D, Umar M (2021a) Intertemporal change in the effect of economic growth on carbon emission in China. Energy Environ 0958305X211008618. https://doi.org/10.1177/0958305X211008618
Zhang L, Li Z, Kirikkaleli D, Adebayo TS, Adeshola I, Akinsola GD (2021b) Modeling CO2 emissions in Malaysia: an application of Maki cointegration and wavelet coherence tests. Environ Sci Pollut Res 28(20):26030–26044. https://doi.org/10.1007/s11356-021-12430-x
Zhang L, Zheng J, Tian S, Zhang H, Guan X, Zhu S, Zhang X, Bai Y, Xu P, Zhang J, Li Z (2020) Effects of Al3+ on the microstructure and bioflocculation of anoxic sludge. J Environ Sci 91:212–221. https://doi.org/10.1016/j.jes.2020.02.010
Author information
Authors and Affiliations
Contributions
TSA collected data and HR analyzed it. The introduction and literature review sections are written by TSA and he also constructed the methodology section and empirical outcomes in the study. HR contributed to the interpretation of the outcomes and policymaking. All the authors read and approved the final manuscript.
Corresponding author
Ethics declarations
Ethics approval
This study follows all ethical practices during writing.
Consent to participate
Not applicable.
Consent for publication
Not applicable.
Competing interests
The authors declare no competing interests.
Additional information
Responsible Editor: Roula Inglesi-Lotz
Publisher's note
Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.
Rights and permissions
About this article
Cite this article
Adebayo, T.S., Rjoub, H. A new perspective into the impact of renewable and nonrenewable energy consumption on environmental degradation in Argentina: a time–frequency analysis. Environ Sci Pollut Res 29, 16028–16044 (2022). https://doi.org/10.1007/s11356-021-16897-6
Received:
Accepted:
Published:
Issue Date:
DOI: https://doi.org/10.1007/s11356-021-16897-6