THE INFLUENCE OF ENERGY CONSUMPTION & CARBON EMISSION & ECONOMIC DEVELOPMENT STATISTICAL EVIDENCE FROM PAKISTAN

Abstract

Purpose This study investigates the potential presence of dynamic causality between energy consumption, carbon emissions & economic growth in Pakistan. Methodology The practical study depend on time series analysis data of C02, consumption of energy and economic development from 1971 -2014 the foundation of data collected by world bank indicator(WBl).The encouragement of consumption of energy on economic development in Pakistan is debated in most of the studies which used by Granger causality test, Vector Error correction Techniques , JJ. Co-integration approach & unit root of data properties, under this study suggested descriptive statistic, and regression analysis Findings The significance association of model # 1 equally in the short also in the long run declares that confirming supply of energy in the long run is vital for reaching high stages of Economic growth Pakistan’s Government need to focus on construction capitals to confirming acceptable energy supplies in the economy. In model # 2, it is suggested that co2 should be decrease action in the dominant plan of energy & environmental policies in Pakistan. In model # 3, rise in Energy consumption will lead to high C02 emissions in the long run and vice versa. Pakistan’s government must be focus on growing the portion of renewable energy sources in the overall Energy consumption. Recommendations Government of Pakistan must be emphasis on arrangement of resources for guaranteeing satisfactory energy supplies in the Pakistan’s economy. Government encourages Energy Efficiency Standard for safety of Environment. Government would be emphasis on raising the portion of renewable energy sources in total mix energy of Pakistan’s economy. The government invest seriously to perform publicity and education in the promotion of energy conservation green & consumption over some economic incentives.