Do Nuclear Energy, Renewable Energy, and Environmental-Related Technologies Asymmetrically Reduce Ecological Footprint? Evidence from Pakistan

Abstract

Can Pakistan’s environmental-related technologies (ERT) and nuclear and renewable energy mitigate environmental pollution? As global warming and climate change rise dramatically, economies shift to friendly energy substitutions and eco-friendly technologies, contributing to the mitigation of environmental contamination. In this scenario, policy and academic analysts have paid more concentration to renewable and nuclear energy deployment with ERT installation. To achieve this goal, the present study scrutinizes the asymmetric effects of nuclear energy, renewable energy, and ERT on the ecological footprint of Pakistan. The current research applies a novel non-linear autoregressive distributive lag method from 1991 to 2020. The results of the current analysis show that negative changes in nuclear energy increase emissions levels in the long run, while positive and negative changes in renewable energy deployment significantly overcome the burden on the environment. Similarly, positive and negative changes in ERT reduce pollution levels in the long run. Moreover, these long-run outcomes are analogous to short-run findings for Pakistan. Therefore, there is a dire requirement to increase the consumption of renewable and nuclear energy sources and take advantage of the noteworthy impact of an uncontaminated atmosphere through clean ERT potentials.