Mohd Shahidan, Shaari and Noorazeela, Zainol Abidin and Miguel Angel, Esquivias and Mohd Juraij, Abd Rani and Temitayo, Blessing Majekodunmi and Amri, Sulong (2024) Analyzing the environmental impact of fuel switching : Evidence from ARDL analysis for policy considerations. Sustainable Futures, 8. pp. 1-12. ISSN 2666-1888
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Abstract
The rise in global temperatures, driven by increased CO2 levels, is a pressing concern. Developing nations like Malaysia face challenges in transitioning to cleaner energy due to resource constraints, making natural gas a crucial transitional solution. This study introduces the Fuel Switch Variable to analyze the impact of shifting fuel consumption patterns on CO2. Using data from 1980 to 2020 and the ARDL model, findings show that policies promoting natural gas over oil and coal reduce CO2 emissions, while economic and population growth increase emissions. Policymakers should incentivize fuel switching, enforce energy efficiency standards, and invest in new technologies
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Fuel switching policy, Oil, coal, and gas consumption, Economic growth, CO2 emissions, Alternative energy sources. |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory |
| Divisions: | Academic Faculties, Institutes and Centres > Faculty of Economics and Business Faculties, Institutes, Centres > Faculty of Economics and Business |
| Depositing User: | Shaari |
| Date Deposited: | 26 Sep 2024 06:46 |
| Last Modified: | 26 Sep 2024 06:46 |
| URI: | http://ir.unimas.my/id/eprint/46150 |
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