Could Globalisation and Renewable Energy Contribute to a Decarbonised Economy in the European Union? DOI Open Access
Olimpia Neagu, Andrei Anghelina,

Mircea Constantin Teodoru

et al.

Sustainability, Journal Year: 2023, Volume and Issue: 15(22), P. 15795 - 15795

Published: Nov. 9, 2023

This study investigates the impact of globalisation, renewable energy consumption, and economic growth on CO2 emissions in 26 European Union (EU) countries, period 1990–2020. Second-generation panel unit root tests are applied, Westerlund cointegration test is used, a fully modified least squares (FMOLS) dynamic ordinary (DOLS) techniques employed to estimate long-term relationship between variables. The causality among considered variables identified using heterogeneous Dumitrescu–Hurlin test. It was found that globalisation consumption contributed carbon emissions’ mitigation, while induced their increase. results robust when control (i.e., financial development, foreign direct investment, urbanisation) added model. Foreign investment urbanisation contributors increase, whereas development induces decrease. effect differentiated by level institutional quality. Unidirectional relationships were from bidirectional growth, emissions. policy implications also discussed.

Language: Английский

Impact of urbanization, industrialization, electrification and renewable energy on the environment in BRICS: fresh evidence from novel CS-ARDL model DOI Creative Commons
Liton Chandra Voumik,

Tasnim Sultana

Heliyon, Journal Year: 2022, Volume and Issue: 8(11), P. e11457 - e11457

Published: Nov. 1, 2022

Increased demand for water, energy, infrastructure, and other natural resources has resulted from an increase in anthropocentric activities recently, which led to climate change, land erosion, pollution growth, a decline biodiversity. During the period 1972–2021, aim of this study is how industrialization, urbanization, renewable energy affect environment five industrialized economies—Brazil, Russia, India, China, South Africa (BRICS)—implemented. Concerning slope heterogeneity, cross-sectional dependence (CSD), mixture I (0) (1) variables, paper used fresh panel technique known as cross-sectionally augmented autoregressive distributive lag (CS-ARDL). When it comes protecting land, forest while also lowering carbon emissions, estimate electrification, industrialization favorably substantial. The findings show that rising income, electrification can stimulate environmental degradation. On hand, economies may significantly lessen degradation BRICS region. In region urbanization booming, all countries are expanding industrial zones, consumption electricity skyrocketing. So, research very important context. applied mean group (AMG) get impact variables on countries. Because their different economic sizes, public policy, population immigration, trade magnitude impacts signs different. There some evidence suggest renewables be panacea security deterioration; consequently, boosting alternative sources, green environmentally-friendly should part governments' plans worldwide. Hence, these countries' decision-makers re-review population, policies adopt sustainable environment.

Language: Английский

Citations

126
Achieving Carbon-Neutrality in MENA Countries: Does Financial Inclusion Matter? DOI Creative Commons
Rabie Said, Alex O. Acheampong

The Journal of Environment & Development, Journal Year: 2024, Volume and Issue: 33(2), P. 312 - 336

Published: Jan. 7, 2024

This study examines the relationship between financial inclusion, renewable energy, and CO 2 emissions using data from 11 Middle East North Africa (MENA) countries 2004 to 2019. Evidence fixed effects-ordinary least squares (FE-OLS), dynamic ordinary (DOLS), fully modified (FMOLS), canonical correlation regression (CRR) showed that inclusion contributes significantly decarbonization. Country-specific analysis indicated is associated with mitigating in Egypt, Israel, Qatar, Tunisia while spurring Algeria, Lebanon, Saudi Arabia. In addition, energy decarbonization MENA, especially Tunisia, Turkey. We recommend policies promoting usage would contribute attainment of carbon-neutrality goal by MENA countries.

Language: Английский

Citations

9
The effects of natural resources, education, and financial inclusion in achieving environmental sustainability in resources-abundance nations DOI Creative Commons

Md. Qamruzzaman

Discover Sustainability, Journal Year: 2025, Volume and Issue: 6(1)

Published: Feb. 25, 2025

Language: Английский

Citations

1
An empirical investigation of the impact of energy consumption, globalization and natural resources on ecological footprint and economic growth, evidence from China, Japan, South Korea and China Taiwan DOI
Kuiquan Zhu, Arshad Ali, Taiming Zhang

et al.

Energy & Environment, Journal Year: 2024, Volume and Issue: unknown

Published: May 21, 2024

Natural resources are regarded as important indicators that make great contributions to reducing environmental pollution and promoting growth in today's era of globalization. Thus, a more rigorous assessment the complexity determining ecological footprint is critical. This study examines dynamic linkages between globalization, natural resources, renewable non-renewable energy use, Taiwan, Japan, China, South Korea from 1975 2020. In terms certainty cross-sectional dependence panel variable data, this uses second-generation unit root, cointegration, long-term elasticity, two-way causality estimation tests obtain reliable valid results. The findings explore fact degradation substantially mitigated by using sources, while other underlying factors, such resource rent (NRR), economic growth, exacerbate pollution. addition, use energy, NRRs globalization drive progress. Globalization have bilateral causal association. research analysis supports feedback hypothesis based on bidirectional relationship footprint. Based empirical current study, various policy endorsements proposed scare control damage without hampering specific East Asian economies.

Language: Английский

Citations

7
Natural resources extraction and financial inclusion: Linear and non-linear effect of natural resources on financial sector DOI
Ramez Abubakr Badeeb,

Bo Wang,

Jun Zhao

et al.

Resources Policy, Journal Year: 2023, Volume and Issue: 85, P. 103826 - 103826

Published: June 27, 2023

Language: Английский

Citations

11
Financial inclusion, economic growth, and environmental quality in the MENA region: What role does institution quality play? DOI Open Access
Ramzi Boussaidi, Abdelaziz Hakimi

Natural Resources Forum, Journal Year: 2024, Volume and Issue: unknown

Published: Jan. 20, 2024

Abstract This paper aims to check whether growth and the environment benefit from a more inclusive financial system. It also checks moderating role of institutional quality (IQ) in growth‐environment relationship. uses sample 12 Middle East North Africa (MENA) countries 2004 2021 performs seemingly unrelated regression (SUR) model. The findings indicate that inclusion (FI) significantly increases level CO 2 emissions. Hence, system deteriorates MENA region. However, FI does not exert any significant effect on growth. Furthermore, we found interaction between IQ improves environment. interactional is apparent when dependent variable rather than results this have substantial implications. Policymakers region should improve their mitigate negative effects spur preserve When aligned with environmentally conscious policies practices, it can promote economic development while contributing healthier planet equitable society.

Language: Английский

Citations

4
Financial inclusion and the global net-zero emissions agenda: Does governance quality matter? DOI
Alex O. Acheampong, Rabie Said

Energy Economics, Journal Year: 2024, Volume and Issue: 137, P. 107785 - 107785

Published: July 24, 2024

Language: Английский

Citations

4
How does financial inclusion influence environmental sustainability in Saudi Arabia? DOI Creative Commons

Abdulmajeed Mhali Alshammari

Energy Strategy Reviews, Journal Year: 2025, Volume and Issue: 57, P. 101643 - 101643

Published: Jan. 1, 2025

Language: Английский

Citations

0
Examining substitution and income effects of oil prices through the Environmental Kuznets Curve framework DOI
Faik Bilgili, Doğan Barak

Journal of Environmental Management, Journal Year: 2025, Volume and Issue: 379, P. 124781 - 124781

Published: March 9, 2025

Language: Английский

Citations

0
Nexus Between Digital Economy and Environmental Sustainability in BRICS: Does Green Innovation Matter? DOI Open Access
Jun Wen, Hamid Mahmood, Samia Khalid

et al.

Business Strategy and the Environment, Journal Year: 2025, Volume and Issue: unknown

Published: March 19, 2025

ABSTRACT The digital economy has emerged as a significant driver of development in many countries, yet its impact on environmental sustainability remains subject debate among experts. Unlike previous studies, this research examines the influence while investigating mediating role green innovation relationship. Using panel dataset from BRICS countries covering period 2004–2020, study explores by employing finance and infrastructure proxies. Advanced econometric techniques, including Cup‐FM, Cup‐ BC , AMG, CS‐ARDL methods, are applied to ensure robust data analysis. findings reveal that, long run, finance, infrastructure, exhibit negative relationship with degradation, thereby contributing positively economies. Furthermore, mediation analysis using Sobel, Aroian, Goodman tests confirms that effectively mediates sustainability. However, results also indicate economic growth population have positive highlighting their adverse effects Based these findings, it is crucial for implement policies programs foster tools promoting Policymakers should prioritize investment drive support eco‐friendly manufacturing. Additionally, addressing access disparities inclusive participation sustainable initiatives.

Language: Английский

Citations

0