CO2 emanation, energy consumption and economic growth in Sri Lanka: with reference to environmental kuznets curve

CLK Nawarathna; AIS Perera

CO2 emanation, energy consumption and economic growth in Sri Lanka: with reference to environmental kuznets curve

Authors
CLK Nawarathna, AIS Perera

Abstract
This study investigates the environmental Kuznets curve (EKC) in Sri Lanka from 1965 to 2019. For this purpose, the impact of GDP per capita, Co2 emission per capita, renewable and non-renewable energy consumption per capita is empirically examined within the EKC framework. The study employed the Autoregressive Distribution Lagged (ARDL) bound test to investigate the study variables' long-run relationship. The study results show that carbon emissions, income, and energy consumption of non-renewable and renewable are cointegrated in the long run. The analyses do not support the EKC hypothesis in Sri Lanka and found an "N" shape curve. Therefore, depending on the analyses' results, policies for reducing environmental degradation, raising awareness, and enacting environmental regulations must be explored.

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