Green energy and growth: a fresh look at how renewable power affects India's economy and carbon emissions

This study examines the dynamic relationship among renewable energy consumption, carbon emissions and economic growth in India using annual data from 2000 to 2023. This paper applies the ARDL model to test both long run and short run relationships among these variables. The results show that renewable energy has a strong and positive effect on GDP while carbon emissions reduce it. Installed renewable capacity also supports growth but to a smaller extent. The model confirms that the Indian economy adjusts quickly when there is an imbalance between clean energy use and environmental pressure. The findings align with recent studies and highlight the need for stronger policy focus on green growth. The paper also compares global examples and offers real life strategies that can help India reach its economic and environmental goals at the same time. This study fills a major gap in the energy-growth-emission literature for emerging economies like India.

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Publication Details

Journal
International Journal of the Energy-Growth Nexus
Published
2025-01-01
DOI
https://doi.org/10.1504/ijegn.2025.148751
Primary Topic
Energy and Environment Impacts
Type
article
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article

Green energy and growth: a fresh look at how renewable power affects India's economy and carbon emissions

Nikhil Bhardwaj, Spriha Sharma
International Journal of the Energy-Growth Nexus
Energy and Environment Impacts
article

Green energy and growth: a fresh look at how renewable power affects India's economy and carbon emissions

Nikhil Bhardwaj, Spriha Sharma
article en

Abstract

This study examines the dynamic relationship among renewable energy consumption, carbon emissions and economic growth in India using annual data from 2000 to 2023. This paper applies the ARDL model to test both long run and short run relationships among these variables. The results show that renewable energy has a strong and positive effect on GDP while carbon emissions reduce it. Installed renewable capacity also supports growth but to a smaller extent. The model confirms that the Indian economy adjusts quickly when there is an imbalance between clean energy use and environmental pressure. The findings align with recent studies and highlight the need for stronger policy focus on green growth. The paper also compares global examples and offers real life strategies that can help India reach its economic and environmental goals at the same time. This study fills a major gap in the energy-growth-emission literature for emerging economies like India.

International Journal of the Energy-Growth NexusVol. 1(2)
National Institute of Technology Hamirpur (BD)
Openalex Percentile: Top 80%
Energy and Environment Impacts
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Green energy and growth: a fresh look at how renewable power affects India's economy and carbon emissions — Nikhil Bhardwaj, Spriha Sharma · International Journal of the Energy-Growth Nexus (2025) | TGRS Research Map | TGRS