CO2 EMISSION, ECONOMIC GROWTH AND ENERGY CONSUMPTION IN INDIA: A VAR ANALYSISBishnu Charan Behera
The present paper tries to see the causal relationship among emission of carbon dioxide (Co2), GDP (Economic Growth) and energy consumption (Oil) in India. The secondary data has been collected from various issues of Economic survey of India, GoI, various issues of Energy statistics, GoI, and data published by the World Bank on India. The VAR (Vector Auto Regression Model) has been applied due to absence of long-run relationship among variables. The study also found that there is no causality among the variables. The Government of India should take necessary steps to attain efficiency in energy use while preserving it and steps to be taken for lesser use of fossil fuels.