Sustainable pathways for attaining net zero emissions in selected South Asian countries: role of green energy market and pricing

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Tiwari, S
Bashir, S
Sarker, T
Shahzad, U
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2024
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Due to the ongoing challenges posed by climate change and environmental degradation, developing nations are pursuing initiatives to mitigate carbon emissions at net zero and achieve sustainability objectives. To attain these objectives, it is necessary to shift from conventional energy sources to green energy sources. This research paper examines the dynamic role of the green energy market and green energy pricing in sustainable pathways for attaining net-zero emissions in South Asian countries including India, Malaysia, Pakistan, and Bangladesh. The study utilizes the dynamic Autoregressive Distributed Lag simulations (DARDLS) technique and panel data spanning from 1990 to 2018. The findings reveal a positive correlation between the green energy market and sustainable development in the short run, with reverse effects in the long run. Furthermore, there is an inverse relationship between green energy prices, net-zero emissions, and sustainable development emissions in the short run, which strengthens over time. Based on the results, the study suggests that South Asia is a region that is especially susceptible to the impacts of climate change. Therefore, the governments of these countries should consider implementing favourable policies to support sustainable development, including providing financial assistance, offering subsidies for green energy technology, reducing tariffs, and establishing strong sustainability frameworks and government regulations.

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Humanities and Social Sciences Communications

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11

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© The Author(s) 2024. Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons license, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons license and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/.

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Tiwari, S; Bashir, S; Sarker, T; Shahzad, U, Sustainable pathways for attaining net zero emissions in selected South Asian countries: role of green energy market and pricing, Humanities and Social Sciences Communications, 2024, 11, pp. 93

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