The worldwide economy, major several decision-makers to invest substantial amounts of revenue to lessen the dangers [846]. The mix of power development elements demonstrates the model’s distinctive character a lot more. Because of advances in power efficiency, industrialized and establishing nations alike are shifting to cleaner types of power use. There is also a new concentrate on energy and economic development depending on existing investigation, despite the fact that the findings are unclear. When it comes to promoting global financial improvement, attempts to lessen energy consumption, especially from traditional power sources, have an environmental impact. Even so, the financial impact of energy usage continues to dominate the narrative of modern investigation [879]. An additional situation is the widespread TB-21007 manufacturer reliance on Latrunculin B medchemexpress fossil fuels inside the emerging economies like Pakistan. Contemplating that these power sources are not renewable or nuclear, they are going to run out within a matter of decades. Even though fossil fuels have a good influence on the atmosphere, renewable and nuclear energy have less impact. Moreover, nuclear and renewable power may perhaps decrease CO2 emissions, aid in environmental protection, and lessen reliance on imports from other economies. The use of the nuclear power with all the renewable sources seems to be the answer to addressing power safety concerns although also helping to slow down the price with the worldwide warming [50,90]. The burning of fossil fuels emits greenhouse gases (GHGs) for instance carbon dioxide (CO2), which can be normally recognized because the principal causes of worldwide warming and climate change. Nuclear energy, in distinct, is anticipated to assist nations lower carbon dioxide emissions while expanding their economies. Because of this, specialists are now looking at the consequences of nuclear energy production on carbon dioxide emissions, which can be under-investigated by other prior studies. Nuclear energy is observed as a feasible alternative to fossil fuels or hydrocarbon-based energy. Nuclear power is usually a greater option for transportation than fossil fuels, since it’s far more efficient. Nuclear energy might potentially be utilised to energy vehicles which include trucks and trains. Nuclear power has the prospective to replace fossil fuel-burning power facilities in both mature and emerging economies [91,92]. The stability and diagnostics test outcomes are included within the Table 7.Table 7. Outcomes of stability and diagnostic tests. Statistics of Test Breusch-Godfrey serial correlation LM test Heteroskedasticity test (Breusch-Pagan-Godfrey) CUSUM CUSUM of squares F-Stat 0.393 0.718 p-Values 0.677 0.688 Stable StableEnergies 2021, 14,Statistics of Test Breusch-Godfrey serial correlation LM test Heteroskedasticity test (Breusch-Pagan-Godfrey) CUSUM CUSUM of squaresF-Stat 0.393 0.p-Values 0.677 0.688 Stable 15 of 21 StableThe plots on the CUSUM and its squares in the five degree of significance are illustrated in Figure plots in the CUSUM and itsinteractionthe five level of significance are within the Figure The 3. Similarly, the long-term squares at amongst variables is expressed illustrated in 4. Figure 3. Similarly, the long-term interaction amongst variables is expressed inside the Figure four.Energies 2021, 14, x FOR PEER REVIEW16 ofFigure 3. Plot of CUSUM and its squares.The plot of Figure 4 reveals that all variables, including GHG emissions, nuclear energy consumption, coal energy consumption, and urban agglomeration, show either a Figure three. influence around the economic progress of Pakistan. positive or damaging.