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Anwar A, Barut A, Pala F, Kilinc-Ata N, Kaya E, Lien DTQ. A different look at the environmental Kuznets curve from the perspective of environmental deterioration and economic policy uncertainty: evidence from fragile countries. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:46235-46254. [PMID: 37531053 DOI: 10.1007/s11356-023-28761-w] [Citation(s) in RCA: 3] [Impact Index Per Article: 3.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 04/11/2023] [Accepted: 07/08/2023] [Indexed: 08/03/2023]
Abstract
Environmental degradation is one of the most significant issues that developing nations confront and needs to be resolved right away in order for them to achieve sustainable development. Government policies are crucial in this situation since emerging nations frequently struggle with the issue of policy ambiguity, which can result in environmental deterioration. In this context, this study investigates how policy uncertainty affects environmental degradation in the five fragile emerging economies known as the Fragile Five-Brazil, India, Indonesia, South Africa, and Turkey. Using data from 1996 to 2019, we estimate a Panel Quantile Regression analysis. The empirical findings indicate that economic policy uncertainty and technology innovation increases the environmental degradation whereas environmental degradation is slowed down by financial development and renewable energy consumption. Empirical evidence also confirms the presence of EKC hypothesis in fragile economies. Based on the findings, we suggest both a policy and an environmental framework for achieving sustainable development in fragile economies.
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Affiliation(s)
- Ahsan Anwar
- Business Administration Department, Faculty of Management Sciences, ILMA University, Karachi, Pakistan
| | - Abdulkadir Barut
- Siverek Vocational School, Department of Accounting and Taxation, Harran University, Sanliurfa, Turkey
| | - Fahrettin Pala
- Kelkit Vocational School, Department of Accounting and Taxation, Gümüşhane University, Gümüşhane, Turkey
| | - Nurcan Kilinc-Ata
- College of Economics and Management, Al-Qasimia University, Sharjah, United Arab Emirates
- Research Laboratory for Science and Technology Studies and Economics of Knowledge, National Research University "Higher School of Economics", Moscow, Russia
| | - Emine Kaya
- Faculty of Social Sciences and Humanities, Department of Accounting and Finance, Malatya Turgut Özal University, Malatya, Turkey
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2
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Wu Z, Zheng X, Chen Y, Huang S, Duan C, Hu W. Coordination between scientific and technological innovation and the high-quality development of Baijiu industry: The coupling and decoupling perspective. PLoS One 2024; 19:e0301589. [PMID: 38713709 DOI: 10.1371/journal.pone.0301589] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [MESH Headings] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 12/07/2023] [Accepted: 03/19/2024] [Indexed: 05/09/2024] Open
Abstract
The Baijiu industry is a significant contributor to both the food industry and the light industry. Its high tax characteristics effectively promote the sustainable development of the regional economy. First, the evaluation index system of scientific and technological innovation (STI) and high-quality development of Baijiu industry (HQDBI) were constructed. The entropy-improved CRITIC method was used to measure the weights. Second, the coordination relationship and evolution trend of STI and HQDBI were explored using the coupling coordination model and the Tapio decoupling model. Then, the transfer law and key influencing factors were further investigated using the Markov chain and grey correlation, respectively. The main contribution is the dynamic evolution of the coupling and decoupling relationships from the perspective of multiple Baijiu provinces, and deeply depicts the coordination relationship and evolutionary trends of STI and HQDBI. The results show that: the spatial distribution of the coupling coordination degree shows high values in the east-west and low values in the north-south characteristics. In 2021, a pattern of coordinated development in Baijiu provinces has emerged along the Yangtze River basin. The decoupling state is mainly strong decoupling, but it remains poor in Shanxi. The coordination process is unstable and difficult to achieve leapfrog development. Coordination, sustainability and innovation environment have a greater impact on the coordination of subsystems.
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Affiliation(s)
- Zhixia Wu
- College of Management, Sichuan University of Science & Engineering, Zigong, 643000, China
- College of Hydraulic & Environmental Engineering, China Three Gorges University, Yichang, 443002, China
- College of Economics & Management, China Three Gorges University, Yichang 443002, China
| | - Xiazhong Zheng
- College of Hydraulic & Environmental Engineering, China Three Gorges University, Yichang, 443002, China
| | - Yijun Chen
- College of Management, Sichuan University of Science & Engineering, Zigong, 643000, China
| | - Shan Huang
- College of Architecture and Urban-Rural Planning, Sichuan Agricultural University, Dujiangyan, 611830, China
| | - Chenfei Duan
- College of Hydraulic & Environmental Engineering, China Three Gorges University, Yichang, 443002, China
| | - Wenli Hu
- College of Management, Sichuan University of Science & Engineering, Zigong, 643000, China
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3
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Zhu H, Chang S, Chen B. Technological innovation, militarization, and environmental change: evidence from BRICS economies. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:23909-23923. [PMID: 38430445 DOI: 10.1007/s11356-024-32718-y] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Grants] [Track Full Text] [Subscribe] [Scholar Register] [Received: 08/23/2023] [Accepted: 02/26/2024] [Indexed: 03/03/2024]
Abstract
In the complex international society, the economic development and defense construction of BRICS countries have attracted increasing attention. This article incorporates technological innovation, militarization, and environmental change into a unified analytical framework to assess the potential impact of technological progress and defense military expenditure on the environment in BRICS countries. Based on CSD tests, unit root tests, and cointegration tests, this study constructs a CS-ARDL model to examine the long-term and short-term relationships among various variables from 1990 to 2021. The results show that technological innovation, military expenditure, and economic growth can significantly increase ecological footprint in the long run, while in the short term, technological innovation and economic growth significantly increase ecological footprint, and the impact of military expenditure is not significant. It is suggested that BRICS countries should focus on supporting low-carbon technology policies and research and development investment, while also considering the use of cutting-edge technology to improve military intelligence capabilities in order to reduce the negative impact of technological innovation and military activities on the environment.
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Affiliation(s)
- Huaijia Zhu
- Institute of Defense Economics and Management, Central University of Finance and Economics, Beijing, China.
| | - Shiwei Chang
- Institute of Defense Economics and Management, Central University of Finance and Economics, Beijing, China
| | - Bo Chen
- Institute of Defense Economics and Management, Central University of Finance and Economics, Beijing, China
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4
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Haseeb M, Kayani U, Shuaib M, Hossain ME, Kamal M, Khan MF. Asymmetric role of green energy, innovation, and technology in mitigating greenhouse gas emissions: evidence from India. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:23146-23161. [PMID: 38416353 DOI: 10.1007/s11356-024-32582-w] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 11/19/2023] [Accepted: 02/18/2024] [Indexed: 02/29/2024]
Abstract
The primary cause of environmental degradation, which poses a danger to the long-term viability of the ecosystem, is the emission of greenhouse gases (GHG). For this reason, the Glasgow Climate Pact (COP26) established a decarbonization goal in response to this ecological concern, for which all economic players have a responsibility. India is among the participants who have a target set for them to decarbonize their economies by the year 2060 via the use of green energy and the advancement of science and innovation. Nevertheless, the asymmetrical effect of green energy, technology, and innovation on India's decarbonization program was not sufficiently explored in the prior study; hence, this research aims to fill this literature vacuum by considering India's GHG emissions from 1990 to 2020 by leveraging the non-linear autoregressive distributed lag (NARDL) model. The findings reveal the asymmetric influences of variables of interest on GHG emissions during the short and long term and under positive and negative shocks. Regarding the positive shock, long-term findings demonstrate that innovation and technical know-how grow GHG emissions and accelerate environmental degradation. However, a negative shock in innovations and technological know-how is opposed to a positive shock and improving environmental conditions. Further, positive shocks in green energy boost environmental effectiveness by reducing GHG secretions in India. In contrast, the negative shock in green energy deteriorates the environment by triggering GHG releases. These factual findings compel the Indian government to prioritize green technologies in addition to green energy generation to decouple economic growth from greenhouse gas emissions and meet rising energy demands.
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Affiliation(s)
- Mohammad Haseeb
- Department of Management Studies, Graphic Era Deemed to be University, Dehradun, 248002, India
| | - Umar Kayani
- College of Business, Al Ain University, Abu Dhabi, UAE
| | - Mohd Shuaib
- School of Economics and Management, and Center for Industrial Economics, Wuhan University, Wuhan, 430072, China
| | - Md Emran Hossain
- Department of Agricultural Sciences, Texas State University, San Marcos, TX, 78666, USA.
| | - Mustafa Kamal
- Department of Basic Sciences, College of Science and Theoretical Studies, Saudi Electronic University, Dammam, 32256, Saudi Arabia
| | - Mohammad Faisal Khan
- Department of Basic Sciences, College of Science and Theoretical Studies, Saudi Electronic University, Riyadh, 11673, Saudi Arabia
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5
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Yin C, Qamruzzaman M. Empowering renewable energy consumption through public-private investment, urbanization, and globalization: Evidence from CS-ARDL and NARDL. Heliyon 2024; 10:e26455. [PMID: 38420461 PMCID: PMC10900819 DOI: 10.1016/j.heliyon.2024.e26455] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Journal Information] [Subscribe] [Scholar Register] [Received: 08/01/2023] [Revised: 01/31/2024] [Accepted: 02/13/2024] [Indexed: 03/02/2024] Open
Abstract
This study examines the interrelationship among public-private investment, urbanization, globalization, and renewable energy consumption in the BIMSTEC nations for 1995-2021. The study implemented linear and nonlinear frameworks to document the magnitudes of explanatory variables on REC. Referring to the study findings with CSD, CIPS, CADF, and PCT disclosed the presence of cross-sectional dependency; variables are integrated after the first difference, i.e., I (1), and long-run association. According to symmetric and asymmetric coefficients, Public-private partnerships and globalization have emerged as significant catalysts for developing renewable energy sources. At the same time, urbanization is exposed to an adverse tie with REC, especially in the long-run. Based on the abovementioned findings, the study presents crucial policy recommendations to facilitate the expeditious transition to renewable energy within the BIMSTEC nations. Policymakers should prioritize the cultivation of robust public-private partnerships, the provision of incentives for investments in renewable energy, and the formulation of comprehensive regulatory frameworks.
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Affiliation(s)
- Chaobing Yin
- FanLi Business School, Nanyang Institute of Technology, Henan Province, China
| | - Md Qamruzzaman
- School of Business and Economics, United International University, Dhaka 1212, Bangladesh
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6
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Ayhan F, Yenilmez MI, Elal O, Dursun S. Can technological progress, renewable and nuclear energy consumption be the remedy for global climate crises? An examination of leading OECD countries. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:228-248. [PMID: 37919508 DOI: 10.1007/s11356-023-30627-0] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 06/16/2023] [Accepted: 10/19/2023] [Indexed: 11/04/2023]
Abstract
Energy is the most critical input for production and consumption. The inputs of energy cause irreversible damage to the environment. The studies carried out to reduce the environmental impact of the methods used in energy production are extremely valuable. This study aims to reveal the effects of technological development, nuclear energy consumption, and renewable energy use on environmental degradation. The patent numbers, technological development, GDP, renewable energy, and nuclear energy consumption data of 16 OECD countries covering the years 1996-2019 were used in the empirical analysis. The findings of panel FMOLS and DOLS methods reveal that technological progress, nuclear, and renewable energy consumption significantly reduce CO2 emissions. In line with these findings, critical policy implications have been suggested.
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Affiliation(s)
- Fatih Ayhan
- Department of Economics, Faculty of Business Administration and Economics, Bandırma Onyedi Eylül University, Balıkesir, Turkey.
| | - Meltem Ince Yenilmez
- Department of Economics, Faculty of Business Administration and Economics, Izmir Democracy University, Izmir, Turkey
| | - Onuray Elal
- Department of Business Administration, Faculty of Business Administration, Istanbul Bilgi University, Istanbul, Turkey
| | - Serap Dursun
- Department of Banking and Finance, Faculty of Applied Sciences, Trakya University, Tekirdag, Turkey
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7
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Aloqab A, Hu W, Al-Sharafi M, Al-Barakani A, Elayah W, Munir S. The impact of technological innovation and financial development on environmental pollution in gulf cooperation council - A linear and nonlinear ARDL approach. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:114294-114309. [PMID: 37861836 DOI: 10.1007/s11356-023-30372-4] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 07/05/2023] [Accepted: 10/06/2023] [Indexed: 10/21/2023]
Abstract
Gulf Cooperation Council (GCC) countries are highly vulnerable to climate change, including rising sea levels, extreme weather, and other environmental and social issues. GCC countries showed remarkable economic growth and development. However, this growth and development put severe pressure on the environment, leading to the degradation of the Environment. Therefore, it is essential to investigate essential factors of environmental degradation, such as technological innovation and financial development. However, per capita income and energy consumption are also crucial factors of environmental degradation. Henceforth, the study carried out panel data from 2001 to 2019 to examine the influence of technological innovation, financial development, energy consumption, and per capita income on environmental degradation in GCC. After conducting necessary preliminary tests, the study employed a symmetric and asymmetric ARDL approach to quantify the numerical estimates. Both symmetric and asymmetric models show that technological innovation reduces environmental degradation, while energy consumption, per capita, and financial development expedite the ecological deterioration in GCC. The Wald tests demonstrate the asymmetric relationship between technological innovation, energy consumption, financial development, and environmental degradation. However, the study fails to find a significant asymmetric relationship between per capita and ecological degradation. The recommendations are added in the recommendation part of the paper.
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Affiliation(s)
- Abdullah Aloqab
- School of Economics and Trade, Hunan University, Changsha, Hunan Province, 410079, China
| | - Wen Hu
- School of Economics and Trade, Hunan University, Changsha, Hunan Province, 410079, China
| | | | - Abdo Al-Barakani
- School of Cross-Border Business, Chongqing College of International Business and Economics, Hechuan, Chongqing Municipality, China
| | - Wahib Elayah
- School of Economics and Trade, Hunan University, Changsha, Hunan Province, 410079, China
| | - Shahid Munir
- Department of Economics, Government Postgraduate College Kohat KP, Kohat, Pakistan.
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8
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Qamruzzaman M, Karim S. Clarifying the relationship between green investment, technological innovation, financial openness, and renewable energy consumption in MINT. Heliyon 2023; 9:e21083. [PMID: 37942145 PMCID: PMC10628657 DOI: 10.1016/j.heliyon.2023.e21083] [Citation(s) in RCA: 1] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 05/05/2023] [Revised: 10/05/2023] [Accepted: 10/15/2023] [Indexed: 11/10/2023] Open
Abstract
The importance of Renewable energy has been well documented in the literature, especially in the nexus of renewable energy-led environmental sustainability. The purpose of the study is to gauge the effects of green investment (GI), technological innovation (TI), and financial Openness (FO) on Renewable Energy Consumption (REC) in MINT for the period 1996-2019. Several econometric tools have been considered in documenting the target nexus, including the panel unit root test following CADF and CIPS, Error correction Cointegration test, CS-ARDL, nonlinear ARDL, and directional causality test by employing the D-H Causality test. The panel unit root test revealed that all the variables become stationary after the first difference. The long-run association in the target model is unveiled with the panel cointegration test. A positive and statistically significant connection regarding FO, TI, and GI coefficients on REC has been exposed. It suggests that the progress in RE development and inclusion in economic activities could be amplified through FO, TI, and GI. Inferring the results of asymmetric valuation, the test statistics of a standard Wald test document asymmetric association in the long run and short run. Furthermore, the coefficients of positive and negative innovation in explanatory variables, i.e., TI, GI, & FO, divulge a positive statistically significant tie to REC, which is valid in long-run and short-run assessment.
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Affiliation(s)
- Md Qamruzzaman
- School of Business and Economics, United International University, Dhaka, 1212, Bangladesh
| | - Salma Karim
- School of Business and Economics, United International University, Dhaka, 1212, Bangladesh
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9
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Georgescu I, Kinnunen J. The role of foreign direct investments, urbanization, productivity, and energy consumption in Finland's carbon emissions: an ARDL approach. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:87685-87694. [PMID: 37428319 PMCID: PMC10406721 DOI: 10.1007/s11356-023-28680-w] [Citation(s) in RCA: 1] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Grants] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/12/2023] [Accepted: 07/04/2023] [Indexed: 07/11/2023]
Abstract
This study investigates the effects of productivity, energy consumption, foreign direct investments, and urbanization on carbon dioxide emissions (CO2) in Finland during 2000-2020 using an autoregressive distributed lag (ARDL) model. The results show that (i) there is evidence of cointegration among variables; (ii) energy consumption has a positive effect on CO2 emissions in the long run; (iii) labor productivity and urbanization have a negative effect on CO2 emissions in the long run; (iv) foreign direct investments are not a significant explainer of CO2 emissions. The results are discussed with some policy implications and suggested future research.
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Affiliation(s)
- Irina Georgescu
- Bucharest University of Economics, Calea Dorobanți, 15-17, Sector 1, 010552 București, Romania
| | - Jani Kinnunen
- Åbo Akademi University, Tuomiokirkontori 3, 20500 Turku, Finland
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10
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Chen Y, Raza K. Asymmetric impact of technological innovation, foreign direct investment and agricultural production on environmental degradation: evidence from Pakistan. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:85237-85248. [PMID: 37380863 DOI: 10.1007/s11356-023-28346-7] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 09/23/2022] [Accepted: 06/15/2023] [Indexed: 06/30/2023]
Abstract
The present study analyzes the asymmetric effects of technical innovation, foreign direct investment, and agriculture productivity on Pakistan's environmental degradation from 1990 to 2020. A non-linear autoregressive model (NARDL) has been used for the analysis. The asymmetric effects have been computed for both the long and short run. The empirical results show that there is equilibrium long-run relationship among the variables. Moreover, it is found that the effect of FDI on CO2 emission is positive regardless of whether there are positive or negative shocks to FDI in the long run. The short-run results are similar except for the positive shocks to FDIat lag one, which reduces environmental degradation in Pakistan. However, in the long run, population growth and positive (negative) shocks to technical innovation have a negative and significant impact on CO2, whereas agriculture productivity is the main source of environmental degradation in Pakistan. The asymmetric tests show that FDI and agriculture productivity have strong asymmetric effects on the CO2 emissions in the long run, whereas there is weak evidence of, in the short and long run, asymmetric effects of technical innovations in Pakistan. These results are statistically significant, valid, and stable as per most of the diagnostic tests conducted and reported in the study.
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Affiliation(s)
- Yufeng Chen
- School of Statistics and Mathematics, Zhejiang Gongshang University, Hangzhou, 310018, China
- School of Economics and Management, Zhejiang Normal University, Jinhua, 321004, China
| | - Kashif Raza
- School of Statistics and Mathematics, Zhejiang Gongshang University, Hangzhou, 310018, China.
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11
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Nurgazina Z, Guo Q, Ali U, Sharif A, Khan ZA, Kartal MT, Kılıç Depren S. Can environmentally friendly technology help China to achieve a carbon neutrality target by 2060? An asymmetrical based study in China. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023:10.1007/s11356-023-27904-3. [PMID: 37308627 DOI: 10.1007/s11356-023-27904-3] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Subscribe] [Scholar Register] [Received: 03/10/2023] [Accepted: 05/21/2023] [Indexed: 06/14/2023]
Abstract
Climate change-related environmental challenges are prompting an increasing number of countries to set carbon-neutral targets. Since 2007, China has pursued numerous initiatives to attain carbon neutrality by 2060, including increasing the percentage of non-fossil energy, developing zero-emission and low-emission technologies, and taking actions that reduce CO2 emissions or boost carbon sinks. As a result, utilizing quarterly data from 2008/Q1 to 2021/Q4, and applying the nonlinear autoregressive distributed lag (NARDL) approach, this study evaluates the effectiveness of the measures taken by China to improve the ecological situation. The results of the study show that the measures enacted to reduce CO2 emissions did not accomplish their ultimate purpose. Specifically: (i) high-speed railways and new energy vehicles do not improve the environment in the long run; (ii) investments and patents in the energy sector, as well as low-carbon sources, will degrade the environment; (iii) only investments in the treatment of environmental pollution will improve the ecological situation. Various policy implications are suggested based on the empirical results in order to attain environmental sustainability.
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Affiliation(s)
| | - Qingbin Guo
- School of Economics, Hainan University, Haikou, 570228, China.
| | - Uzair Ali
- School of Economics, Hainan University, Haikou, 570228, China
| | - Arshian Sharif
- Department of Economics and Finance, Sunway University, Petaling Jaya, Selangor, Malaysia
| | - Zaid Ashiq Khan
- College of Economics and Management, Northwest A&F University, Yangling, 712100, China
| | - Mustafa Tevfik Kartal
- Strategic Planning, Financial Reporting, and Investor Relations Directorate, Borsa Istanbul, 34467, Istanbul, Turkey
| | - Serpil Kılıç Depren
- Department of Statistics, Yildiz Technical University, 34220, Istanbul, Turkey
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12
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Adebayo TS, Ghosh S, Nathaniel S, Wada I. Technological innovations, renewable energy, globalization, financial development, and carbon emissions: role of inward remittances for top ten remittances receiving countries. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:69330-69348. [PMID: 37133657 DOI: 10.1007/s11356-023-27184-x] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/02/2023] [Accepted: 04/19/2023] [Indexed: 05/04/2023]
Abstract
Asides from renewable energy consumption, technological innovation and remittances are mostly ignored as critical tools and resources that can be adopted to ameliorate environmental worries, even when remittances have more considerable resource inflow than official development aids. Based on this information, the current research investigates the implications of technological innovation, remittances, globalization, financial development, and renewable energy on CO2 emissions in top remittances-receiving countries from 1990 to 2021. To obtain reliable estimates, we use a battery of advanced econometric techniques and method of moments quantile regression (MMQR) method. The AMG results suggest that innovation, remittances, renewable energy, and financial development alleviate CO2 emanations, whereas globalization and economic growth worsen environmental sustainability by increasing CO2 emissions. Besides, the MMQR results confirm that renewable energy, innovation, and remittances decrease CO2 emissions across all quantiles. A bidirectional causality exists amid financial development and CO2 emanations, and across remittances and CO2 emissions. However, one-way causality flows from economic growth, renewable energy and innovation to CO2. This study suggests some essential measures for ecological sustainability in light of the findings.
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Affiliation(s)
- Tomiwa Sunday Adebayo
- Department of Economics, Faculty of Economics and Administrative Sciences, Cyprus International University, Via Mersin 10, Haspolat, Turkey
| | - Sudeshna Ghosh
- Scottish Church College, 1 & 3 Urquhart Square, Kolkata, West Bengal, Pin-700006, India.
| | | | - Isah Wada
- Department of Economics, Faculty of Economics and Administrative Sciences, Cyprus International University, Via Mersin 10, Haspolat, Turkey
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13
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Zhan L, Guo P, Pan G. The effect of mandatory environmental regulation on green development efficiency: evidence from China. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:9782-9792. [PMID: 36063272 PMCID: PMC9442595 DOI: 10.1007/s11356-022-22815-1] [Citation(s) in RCA: 1] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Grants] [Track Full Text] [Subscribe] [Scholar Register] [Received: 05/20/2022] [Accepted: 08/27/2022] [Indexed: 05/22/2023]
Abstract
The existing literature finds that mandatory environmental regulation (MER) can significantly reduce environmental pollution. However, much less is known about how the implementation of MER affects green development efficiency (GDE). Based on the Air Pollution Control Action Plan which was enforced in 2013 in China's most developed regions as an exogenous shock, we find that first, MER has a significant negative effect on the improvement of GDE by reducing regional scale efficiency. Second, MER mainly reduces the GDE of cities with stronger regulation intensities and with larger economic volumes. Third, MER also has a negative impact on regional green total factor productivity by changing technical progress. We suggest that when implementing MER, governments should enhance regional and global cooperation, promote green technology, and use comprehensive policy tools to stimulate firms' green innovation.
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Affiliation(s)
- Lei Zhan
- School of Economics and Trade, Hunan University, Changsha, 410006 Hunan China
- School of Finance, Hunan University of Technology and Business, Changsha, 410205 Hunan China
| | - Ping Guo
- School of Economics and Trade, Hunan University, Changsha, 410006 Hunan China
| | - Guoqin Pan
- School of Economics, Nankai University, Tianjin, 300071 China
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14
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Adebayo TS. Renewable Energy Consumption and Environmental Sustainability in Canada: Does Political Stability Make a Difference? ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:61307-61322. [PMID: 35441293 DOI: 10.1007/s11356-022-20008-4] [Citation(s) in RCA: 37] [Impact Index Per Article: 18.5] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 02/18/2022] [Accepted: 03/28/2022] [Indexed: 05/22/2023]
Abstract
Energy is unquestionably necessary for economic progress; nevertheless, it also produces CO2 emissions, which are the primary cause of climate change and environmental degradation. Renewable energy, which consists of non-carbohydrate energy sources that do not or seldom emit emissions, can assist the accomplishment of both ecological sustainability and sustainable development in this respect. Against this background, this paper takes into account political risk and assesses the impact of renewable energy use on CO2 emissions in Canada from 1990 to 2018 controlling economic growth and trade globalization. The present research utilized an innovative dynamic ARDL method that overcomes the limitations of the ARDL method. The results revealed significant evidence of cointegration. In the long run, we established that a surge in economic growth, political risk, renewable energy use, and trade globalization mitigates environmental degradation. Furthermore, the outcomes of the frequency domain causality disclosed that in the long term, economic growth, political risk, renewable energy use, and trade globalization can predict CO2 emissions in Canada. Since the political stability in Canada has helped to attract foreign firms to invest. Therefore, ensuring political stability will bring in more foreign investment, forcing the Canadian government to take its climate crisis problem more seriously.
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Affiliation(s)
- Tomiwa Sunday Adebayo
- Faculty of Economics and Administrative Science, Department of Business Administration, Cyprus International University, 99040, Nicosia, Northern Cyprus, Turkey.
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15
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Hung NT, Trang NT, Thang NT. Quantile relationship between globalization, financial development, economic growth, and carbon emissions: evidence from Vietnam. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:60098-60116. [PMID: 35411523 DOI: 10.1007/s11356-022-20126-z] [Citation(s) in RCA: 2] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 01/07/2022] [Accepted: 04/03/2022] [Indexed: 06/14/2023]
Abstract
Environmental quality and economic activity have a strong relationship. Carbon emissions remain one of the world's most dangerous environmental issues. Both international and local governments are developing initiatives to address this problem. Capitalizing on the limitations of the existing literature, this article investigates the dynamic nexus of financial development, economic growth, and globalization on carbon dioxide emissions in Vietnam for 1990-2020 using the quantile-on-quantile regression. The findings unveil a positive feedback link between globalization and carbon dioxide emissions at the middle and high quantiles. In addition, there is a negative nexus between financial development and carbon emissions at most quantiles, while CO2 emissions and economic growth have a positive association at all quantiles. More importantly, our empirical results also provide the bidirectional causality between financial development, economic growth, globalization, and carbon dioxide emissions in Vietnam at different quantile levels. The consistency of the outcomes uncovers that the findings are trustworthy and appropriate for guiding policy to reduce CO2 emissions in Vietnam. Therefore, they can help policymakers understand how financial development and globalization can achieve sustainable economic growth and tackle environmental issues in this country.
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Affiliation(s)
- Ngo Thai Hung
- Faculty of Economics and Law, University of Finance-Marketing, Ho Chi Minh, Vietnam.
| | - Nguyen Thu Trang
- International School of Finance-Marketing, University of Finance-Marketing, Ho Chi Minh, Vietnam
| | - Nguyen Thanh Thang
- International School of Finance-Marketing, University of Finance-Marketing, Ho Chi Minh, Vietnam
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An Asymmetric Nexus between Urbanization and Technological Innovation and Environmental Sustainability in Ethiopia and Egypt: What Is the Role of Renewable Energy? SUSTAINABILITY 2022. [DOI: 10.3390/su14137639] [Citation(s) in RCA: 6] [Impact Index Per Article: 3.0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/21/2022]
Abstract
The present study investigates the nexus between urbanization, technological innovation, renewable energy consumption, and environmental quality in Egypt and Ethiopia from 1980 to 2020 by employing symmetric and asymmetric frameworks. Referring to symmetric assessment, the coefficient of renewable energy consumption and technological innovation revealed a negative and statistically significant tie with environmental sustainability, valid for both proxies. Study findings suggest that clean energy integration and technological innovations in the economy decrease environmental adversity by reducing carbon emissions and ecological blames. Although the elasticity of urbanization has documented a positive and statistically significant connection with environmental sustainability, the conclusion is valid for both models. Second, in the long run, the asymmetric shocks of renewable energy consumption and technological innovation have exposed a negative and statistically significant tie to environmental sustainability, whereas in the case of urbanization, the asymmetric shocks unveiled a positive and statistically significant association to environmental sustainability. Third, the study revealed that the feedback hypothesis explains the relationship between technological innovation and environmental sustainability [TI←→EF] in Egypt and ecological footprint and urbanization in Egypt and Ethiopia. Moreover, unidirectional causality runs from ecological footprint to renewable energy consumption in Egypt and Ethiopia.
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