Investigating the causal relationship between non-renewable and renewable energy consumption, CO2 emissions and economic growth in Thailand

摘要

This study investigates the causal relationships between non-renewable and renewable energy consumption, CO2 emissions and economic growth in Thailand over the period of 1971-2013 using the cointegration and causality model. Our results confirm the existence of cointegration among the variables. The causality relationship is found that there is a unidirectional causality running from non-renewable energy consumption to CO2 emissions. These results suggest that non-renewable energy consumption can induce CO2 emissions increase. In addition, Thailand is carbon emissions dependent on energy consumption for its rapid economic growth, causing considerable CO2 emissions. This suggests that Thailand should make more effort to develop energy-efficient technologies and renewable energy sources to achieve green growth based on lower CO2 emissions.