Does renewable energy proactively contribute to mitigating carbon emissions in major fossil fuels consuming countries?

Journal of Cleaner Production, Journal Year: 2024, Volume and Issue: 452, P. 142113 - 142113

Published: April 5, 2024

Language: Английский

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Does globalization escalate the carbon emissions? Empirical evidence from selected next-11 countries

Energy Reports, Journal Year: 2023, Volume and Issue: 10, P. 86 - 98

Published: June 22, 2023

Adverse consequences are observed in developing countries due to the impact of globalization process. Therefore, our study aims empirically verify whether escalates carbon dioxide emissions selected N-11 (next-11) between 1990 and 2019. The also analyzes how per capita GDP, GDP2, population growth, renewable energy consumption affect emissions. For this reason, researchers used several econometric methods, including slope homogeneity test, cross-sectional dependency panel unit root cointegration method moment's quantile regression analysis, Wald test. estimated results show change across a range quantiles (0.1 0.9). findings that GDP significantly impacts overabundance countries. Over time, found positive coefficient value decreased from first last (7.41 5.87), leading validation EKC hypothesis. adverse correlation GDP2 environmental contamination confirms Environmental Kuznets Curve hypothesis is valid for Globalization deteriorates environment by directly affecting CO2 It increases monotonically lower upper (0.972 1.002). At level 0.1 0.9, growth increase impede these Coefficient values 0.9 (-0.35 -0.53) suggest governments can reduce more over time. But negative (-0.97, -0.93, -0.90, -0.88, -0.86, -0.85, -0.83, -0.81, -0.77) decrease quantile. test supports asymmetric effects different quantiles. As robustness check estimators, FMOLS, DOLS, CCR, which variables' long-run elasticity. research developed targeted policy recommendations sustainably mitigating based on above results.

Language: Английский

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Does globalization mitigate environmental degradation in selected emerging economies? assessment of the role of financial development, economic growth, renewable energy consumption and urbanization

Environmental Science and Pollution Research, Journal Year: 2023, Volume and Issue: 30(45), P. 100340 - 100359

Published: Aug. 31, 2023

Language: Английский

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Strategy towards sustainable energy transition: The effect of environmental governance, economic complexity and geopolitics

Energy Strategy Reviews, Journal Year: 2024, Volume and Issue: 52, P. 101330 - 101330

Published: Feb. 28, 2024

The Paris Agreement and COP27 have been actively working towards a transition to clean energy (SDG-7) the restoration of green environment (SDG-13). Therefore, this study was situated within comprehensive policy framework. This aims investigate effects environmental governance economic complexity on in 20 OECD countries selected for analysis from 1990 2021. employs novel MMQR model account slope heterogeneity cross-sectional dependency. Additionally, an asymmetric conducted examine mediating moderating roles geopolitical risk relationship between governance, complexity, transition. primary findings indicate that (1) stimulating effect at different levels quantiles. Strict policies played critical role energy. Furthermore, interaction factors negatively impacts various quantiles; (2) demonstrates positive association with transition, as high possess necessary resources, capabilities, resilience effectively address challenges seize opportunities associated transitioning cleaner more sustainable sources. However, geopolitics transforms influence into negative nonparametric panel Granger causality test establishes significant causal relationship, revealing can support by creating favorable adoption, fostering innovation, facilitating effective planning implementation, enhancing resilience, promoting international collaboration.

Language: Английский

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Do green technological innovation, financial development, economic policy uncertainty, and institutional quality matter for environmental sustainability?

All Earth, Journal Year: 2023, Volume and Issue: 35(1), P. 82 - 101

Published: April 16, 2023

Environmental sustainability is a pressing global concern that demands urgent attention from policymakers and researchers. The objective of our research to investigate the influence economic policy uncertainty (determined by world index) financial development on carbon emissions, followed green technological innovation, institutional quality, growth, foreign direct investment, energy consumption, trade in Organization Economic Co-operation Development, for period 2003–2019, analyse data, second-generation econometric techniques are used. We applied two-stage sequential linear panel data model generalised method moments approach tackle endogeneity problem report robust findings. findings study revealed uncertainty, development, decrease environmental quality increasing CO2 while innovation increase degradation reducing emissions. Our evidence-based provides significant outcomes conditioning's role emissions OECD economies.

Language: Английский

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Evaluating the role of financial globalization and oil consumption on ecological quality: A new perspective from quantile-on-quantile granger causality

Heliyon, Journal Year: 2024, Volume and Issue: 10(2), P. e24636 - e24636

Published: Jan. 1, 2024

Global warming has progressed into a pressing global concern, primarily driven by human activities. To address this issue, it is vital to identify the key drivers of ecological quality and develop effective policies in response. Consequently, study seeks empirically examine causal effect financial globalization, economic growth, policy uncertainty, oil consumption on load capacity factor (LF) Brazil. The analysis utilizes quarterly data spanning from 1990 2021. In pursuit, introduces an array quantile-based methodologies, encompassing quantile ADF, PP, KPSS tests, as well innovative Quantile-on-Quantile Granger Causality (QQGC) approach. QQGC represents notable advancement beyond traditional causality (QGC) methods, accounts for conditional distribution dependent independent variables. This bridges critical gap existing literature introducing capture influence regressors LF. findings derived indicate that significantly predict LF across all quantiles. These results offer valuable insights can inform formulation strategies aimed at addressing mitigating impacts warming.

Language: Английский

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The role of economic growth, financial development, globalization, renewable energy and industrialization in reducing environmental degradation in the economic community of West African States

Cogent Economics & Finance, Journal Year: 2024, Volume and Issue: 12(1)

Published: Feb. 5, 2024

Since the ECOWAS region is most susceptible to climate change, factors driving change and policy processes are pressuring authorities in take more action fight against change. In light of this, paper investigates role financial development, globalization, renewable energy, economic growth, industrialization reducing environmental degradation framework N-shaped Kuznets curve hypothesis. Second generation econometric techniques, Driscoll-Kraay panel regression approach quantile estimation techniques were developed based on a dataset 10 countries from 1990 2019. From analyses, EKC validated for region. Moreover, empirical analysis suggests that lower levels associated with increased development energy usage. Globalization have deleterious impact quality. The results U-test also reveal shape contingent nation under study. On other hand, show holds low medium emitters but not high emitters. significantly promote all quantiles, while homogeneously reduces degradation. Financial was found hinder having neutral effect offers valuable directions policymakers findings.

Language: Английский

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Energy transition and environmental stability prospects for OECD economies: The prominence role of environmental governance, and economic complexity: Does the geopolitical risk matter?

Journal of Environmental Management, Journal Year: 2024, Volume and Issue: 354, P. 120358 - 120358

Published: Feb. 26, 2024

Language: Английский

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Synergistic emission reduction effect of pollution and carbon in China's agricultural sector: Regional differences, dominant factors, and their spatial-temporal heterogeneity

Environmental Impact Assessment Review, Journal Year: 2024, Volume and Issue: 106, P. 107543 - 107543

Published: May 1, 2024

Language: Английский

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Analysis of the Impact of Information and Communication Technology, Digitalization, Renewable Energy and Financial Development on Environmental Sustainability

Renewable and Sustainable Energy Reviews, Journal Year: 2024, Volume and Issue: 201, P. 114609 - 114609

Published: June 10, 2024

Language: Английский

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