Role of non-renewable energy efficiency and renewable energy in driving environmental sustainability in India: Evidence from the load capacity factor hypothesis

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dc.contributor.authorAlola, Andrew Adewale
dc.contributor.authorÖzkan, Oktay
dc.contributor.authorUsman, Ojonugwa
dc.date.accessioned2023-06-19T10:55:58Z
dc.date.available2023-06-19T10:55:58Z
dc.date.issued2023en_US
dc.departmentRektörlük, İslam Ekonomisi ve Ekonomik Sistemler Uygulama ve Araştırma Merkezien_US
dc.description.abstractPolicymakers and environmental scientists have proposed numerous measures toward achieving a sustainable environment. Some of these measures include the efficient use of energy and a clean energy transition. This study empirically investigates the role of non-renewable energy efficiency and renewable energy utilization in driving environmental sustainability in India over the period from 1965 to 2018. Using the approach of the Dynamic Autoregressive Distributed Lag (DyARDL) simulations, the empirical evidence shows that non-renewable energy efficiency and renewable energy utilization promote environmental sustainability through an increase in the load capacity factor. The effects of financial development and trade impede environmental sustainability through a decrease in the load capacity factor. The results further show that the relationship between income and load capacity factor is characterized by an inverted U-shape. This suggests that the load capability curve (LCC) hypothesis is not valid for India. Given the overall findings of this study, it is suggested that policymakers should promote energy efficiency and renewable energy technologies as the ultimate policy measure to mitigate the accumulation of CO2 emissions and other significant climatic changes in India.en_US
dc.identifier.doi10.3390/en16062847en_US
dc.identifier.issue6en_US
dc.identifier.scopus2-s2.0-85151396658en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://hdl.handle.net/11467/6632
dc.identifier.urihttps://doi.org/10.3390/en16062847
dc.identifier.volume16en_US
dc.identifier.wosWOS:000956287800001en_US
dc.identifier.wosqualityQ3en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherMDPIen_US
dc.relation.ispartofEnergiesen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectenvironmental sustainability; India; load capacity factor; non-renewable energy efficiency; renewable energy utilizationen_US
dc.titleRole of non-renewable energy efficiency and renewable energy in driving environmental sustainability in India: Evidence from the load capacity factor hypothesisen_US
dc.typeArticleen_US

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