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International Journal of Academic Research in Accounting, Finance and Management Sciences

Open Access Journal

ISSN: 2225-8329

Does Energy Consumption Influence the CO2 Emission?

Norimah Rambeli @ Ramli, Asmawi Hashim, Emilda Hashim, Norasibah Abdul Jalil, Gan Pei Tha

http://dx.doi.org/10.6007/IJARAFMS/v9-i3/6526

Open access

The focal point of this study is to investigate the impact of total primary energy consumption, gross domestic product, index of industrial production and employment toward the total carbon (CO2) emission in Malaysia from 1986 to 2018. This study employs the Ordinary Least Square (OLS) model in developing the estimation model between dependent and independent variables. The diagnostic model consist autocorrelation, multicolinearity, heteroscedasticity and normality tests were employed in order to test the model whether is adequate or not. The empirical results showed that the total primary energy consumption is the significant factors that affecting the CO2 emissions while per capita real gross domestic product is the least impactful factor in Malaysia. There are positive relationships between the independent variables on CO2 emissions. Therefore, this study suggested that implementing policies are needed in order to developing economy in Malaysia. Adopt new technologies or install solar energy for industries also recommended to control the energy consumption and pollution in Malaysia.

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To cite this article: @ Ramli, N. R., Hashim, A., Hashim, E., Jalil, N. A., Tha, G. P. (2019). Does Energy Consumption Influence the CO2 Emission?, International Journal of Academic Research in Accounting, Finance and Management Sciences 9 (3): 329-335