ABSTRACT
This research aims to ascertain the long-run relationship between consumption and development-related metrics on the environment in India. Based on the literature, we argue that because these variables are so closely related, their relationship requires an integrated approach to be examined. Hence, an autoregressive distributed lag (ARDL) bounds test approach to cointegration is used for analyzing the annual time series data from 1971 to 2019. The long-term relationship of carbon emissions with the selected set of variables has been examined. The long-run relationship from our research indicates that carbon emissions have a significant and positive relation with electricity production from fossil fuels, manufacturing value-added, and gross domestic product (GDP) per capita; an insignificant relation with financial development; and a negative relationship with the KOF globalization index. This implies that India's policymakers should respond appropriately to controlling the aforementioned variables to fulfil the country's long-standing commitment toward environmental conservatism through the proactive reduction of carbon emissions.
