Estimating Decoupling of Economic Growth in COVID-19: Implications to Enhance Green Economic Recovery in Emerging Economies

Abstract

The COVID-19 epidemic caused the biggest economic depression since World War II, necessitating the development of large-scale recovery strategies with respect to different antecedents to address the environmental issue. The environmental evaluation primarily focused on pressures rather than consequences and relied on specific indicators that were thought to be proxies for total environmental effects. This study employed the widely used Data Envelopment Analysis (DEA) approach to assess energy and environmental performance on a broad scale. This research improves energy efficiency in 15 countries from 2010 to 2021. With the aid of DEA research, the study determines the efficiency of undesirable output. This research discovered that increased energy use is the primary source of environmental pollution. This research chooses carbon-dioxide radiation as the substitute variable for the environmental effect of energy utilization. This study indicates that these countries' environmental and energy efficiency are very similar, which means that carbon dioxide radiation and economic production require a lot of enhancement. Green technological innovation is very important to create the green economic recovery. In environmental guidelines, most countries pay a lot of attention, but the suggestion of economic and environmental development creates tension.