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Pathways to Argentina’s 2050 carbon-neutrality agenda: the roles of renewable energy transition and trade globalization

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Abstract

The government of Argentina has recently declared its objective of turning the nation carbon–neutral by 2050. Thus, it is essential to identify the relevant factors which can facilitate the attainment of this environmental development target. Against this backdrop, this study aims to evaluate the impacts of renewable electricity output, trade globalization, economic growth, financial development, urbanization, and technological innovation on sectoral carbon dioxide emissions in Argentina during the 1971–2014 period. The findings, overall, suggest that enhancing renewable electricity output share in the total electricity output figure of the nation helps to curb carbon dioxide emissions generated from Argentina’s energy, manufacturing and industry, residential and commercial buildings, and transportation sectors. Contrarily, greater trade globalization is evidenced to boost carbon dioxide emissions in almost all the aforementioned economic sectors. Besides, the findings also validate the existence of the carbon dioxide emission-induced environmental Kuznets curve hypothesis for all four sectors. In addition, financial development and urbanization are also evidenced to exert carbon dioxide emission-stimulating impacts, while technological innovation is witnessed to be necessary for curbing sector-based carbon dioxide emissions in Argentina. Accordingly, to decarbonize the economy, this study recommends the government of Argentina to adopt necessary policies for fostering renewable energy transition within the electricity sector, greening the trade globalization strategies, achieving environmentally sustainable economic growth, developing the financial sector by introducing green financial schemes, planning sustainable urbanization, and financing technological development-oriented projects.

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Data availability

The data sets used during the current study are available from the corresponding author on reasonable request.

Notes

  1. MINT refers to Mexico, Indonesia, Nigeria, and Turkey.

  2. BRICS refers to Brazil, Russia, India, China, and South Africa.

  3. For ensuring brevity, a detailed discussion of the methods utilized in this study is not presented. However, these can be made available upon request.

  4. For ensuring brevity, we do not report the CUSUM and CUSUMSQ plots. But these charts can be made available upon request.

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Authors and Affiliations

  1. School of Business and Economics, North South University, Dhaka, 1229, Bangladesh

    Muntasir Murshed

  2. Department of Finance, College of Business Administration, Prince Sattam Bin Abdulaziz University, 173, Alkharj, 11942, Saudi Arabia

    Haider Mahmood

  3. Department of Law, College of Humanity Sciences, University of Raparin, Sulaymaniyah, Iraq

    Paiman Ahmad

  4. International Relations and Diplomacy Department, Faculty of Administrative Sciences and Economics, Tishk International University, Erbil, Iraq

    Paiman Ahmad

  5. College of Economics and Management, Henan Agricultural University, Zhengzhou, 450002, China

    Abdul Rehman

  6. Department of Economics & Finance, College of Business Administration, University of Bahrain, Sakhir, Bahrain

    Md Shabbir Alam

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  1. Muntasir Murshed
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  2. Haider Mahmood
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  3. Paiman Ahmad
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  4. Abdul Rehman
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Contributions

MM conceptualized, wrote the methodology, conducted the econometric analysis, compiled the literature review, and revised the manuscript. HM compiled the data, conducted the analysis, and wrote the literature review. PA analyzed the findings, wrote the conclusions and policy recommendations, and edited the entire draft. AR reviewed the literature, analyzed the findings, and wrote the policy recommendations. MSA wrote the literature review and produced the graphical illustrations. SNP designed the econometric methodology and compiled the data.

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Correspondence to Muntasir Murshed.

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Murshed, M., Mahmood, H., Ahmad, P. et al. Pathways to Argentina’s 2050 carbon-neutrality agenda: the roles of renewable energy transition and trade globalization. Environ Sci Pollut Res 29, 29949–29966 (2022). https://doi.org/10.1007/s11356-021-17903-7

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