Renewable energy, urbanization, and ecological footprint linkage in CIVETS.

Emerging economies are mostly plague by a massive consumption of non-renewable energy amidst an ever inceasing urbanization rate with little or no attention to the quality of the environmental. As such, this paper investigates the relationship between renewable energy, urbanization, economic growth, trade openness, and ecological footprint in CIVETS countries, namely, Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa. The study employs augmented mean group estimator, panel cointegration, and causality tests. The findings reveal that renewable energy improves environmental quality, and trade is not particularly harmful to the environment. However, non-renewable energy consumption and urbanization are the chief contributors to environmental degradation in the CIVETS countries. Economic expansion mitigates environmental deterioration in Colombia, South Africa, and Turkey, but contributes to pollution in Egypt, Indonesia, and Vietnam. Finally, the causality test suggests that urbanization drives environmental degradation. Policy directions are discussed.

Ecological footprint, urbanization, and energy consumption in South Africa: including the excluded.

The study explores the relationship between ecological footprint, urbanization, and energy consumption by applying the ARDL estimation technique on data spanning 1965-2014 for South Africa. After applying the unit root test that accounts for a break in the data, the Bayer and Hanck (J Time Ser Anal 34:83-95, 2013) combined cointegration test affirms cointegrating relationship among the variables. Findings further reveal that economic growth and financial development exact a deteriorating impact on the environment in the short run. However, the same was not true for both energy use and urbanization. While urbanization and energy use promote environmental quality in the long run, financial development and economic growth degrade it further. The long-run findings of our study are confirmed to be robust as reported by the fully modified OLS (FMOLS), dynamic OLS (DOLS), and the canonical cointegrating regression (CCR) estimates. The direction of causality supports the energy-led growth hypothesis for South Africa. Policy outcomes and directions, and the possibility of promoting sustainable growth without degrading the environment are discussed.