Examining the effect of global energy reserves to production ratio on carbon emission in the USA

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dc.authoridalola, andrew/0000-0001-5355-3707
dc.authoridAbbas, Shujaat/0000-0003-2141-7510
dc.contributor.authorAlola, Andrew Adewale
dc.contributor.authorAbbas, Shujaat
dc.contributor.authorAlola, Uju Violet
dc.date.accessioned2024-09-11T19:50:55Z
dc.date.available2024-09-11T19:50:55Z
dc.date.issued2024
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractA salient perspective to the global net zero emission aspiration that has yet received sparse attention is the unabating conventional energy reserves to production ratio. Considering the both the energy and energy-related emission profiles of the United States, this study considers the outlook of the country ' s carbon neutral 2050 with reference to the coal, natural gas, and oil energy reserves to production ratios for the period 1970 to 2040. The investigation implied a number of relevant results after employing the Markov switching, cointegration, and causality approaches. The result revealed that both oil and natural gas reserves to production ratio on global scale exert a significantly and positive influence on emission of carbon dioxide in the USA while coal has negative significant effect on carbon dioxide (CO 2 ) emission in two different regimes. From the Wavelet coherence, both in phase and anti-phase relationship, CO 2 and oil reserves-production ratio display strong interdependence while a mixed result in the short run (in phase) and medium run (anti phase) is established for CO 2 and coal reservesproduction ratio. In both short and medium run, natural gas reserves-production ratio leads CO 2, and the reverse is also true. Additionally, from the frequency domain causality result, we found causality from oil reservesproduction ratio to CO 2 while there is bidirectional causality between CO 2 and gas reserves-production ratio. The relevance of this study is that it offers insight into the seriousness of the carbon global goal amidst the dimension of energy reserves and production.en_US
dc.description.sponsorshipMinistry of Science and Higher Education of the Russian Federation (Ural Federal University Program of Development within the Priority -2030 Program)en_US
dc.description.sponsorshipThe research funding from the Ministry of Science and Higher Education of the Russian Federation (Ural Federal University Program of Development within the Priority -2030 Program) is gratefully acknowledged.en_US
dc.identifier.doi10.1016/j.esr.2024.101353
dc.identifier.issn2211-467X
dc.identifier.issn2211-4688
dc.identifier.scopus2-s2.0-85187233992en_US
dc.identifier.urihttps://doi.org/10.1016/j.esr.2024.101353
dc.identifier.urihttps://hdl.handle.net/11363/7704
dc.identifier.volume52en_US
dc.identifier.wosWOS:001223303700001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.ispartofEnergy Strategy Reviewsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmz20240903_Gen_US
dc.subjectEnergyen_US
dc.subjectGlobal climate goalen_US
dc.subjectCleaner productionen_US
dc.subjectEnvironmental sustainabilityen_US
dc.subjectUnited Statesen_US
dc.titleExamining the effect of global energy reserves to production ratio on carbon emission in the USAen_US
dc.typeArticleen_US

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