Journal
ENERGIES
Volume 14, Issue 14, Pages -Publisher
MDPI
DOI: 10.3390/en14144265
Keywords
CO2 emissions; globalization; technological innovation; renewable energy consumption; South Korea
Categories
Funding
- Instituto Politecnico de Lisboa
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The research found that globalization, technological innovation, economic growth, and energy use can predict CO2 emissions in South Korea. Economic growth, energy consumption, and globalization trigger environmental degradation, while technological innovation improves the quality of the environment.
The present research assesses the influence of globalization and technological innovation on CO2 emissions in South Korea as well as taking into account the role of renewable energy consumption and energy consumption utilizing datasets between 1980 and 2018. The autoregressive distributed lag (ARDL) bounds testing method is utilized to assess long-run cointegration. The outcome of the ARDL bounds test confirmed cointegration among the series. Furthermore, the ARDL reveals that economic growth, energy consumption and globalization trigger environmental degradation while technological innovation improves the quality of the environment. In addition, the study employed the frequency domain causality test to capture causal linkage among the series. The major advantage of this approach is that causal linkage between series can be captured at the short, medium and long term, respectively. The outcomes of the causality test revealed that globalization, technological innovation, economic growth and energy use can predict CO2 emissions in South Korea.
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