Rethinking the environmental Kuznets curve hypothesis across 214 countries: the impacts of 12 economic, institutional, technological, resource, and social factors

Humanities and Social Sciences Communications, Journal Year: 2024, Volume and Issue: 11(1)

Published: Feb. 21, 2024

Abstract Research over the past three decades has provided rich empirical evidence for inverted U-shaped EKC theory, but current problems facing advancing climate mitigation actions require us to re-examine shape of global rigorously. This paper examined N-shaped in a panel 214 countries with 12 traditional and emerging variables, including institutions risks, information communication technology (ICT), artificial intelligence(AI), resource energy use, selected social factors. The two-dimensional Tapio decoupling model based on group homogeneous is developed explore inter-group heterogeneous carbon emission effects each variable. Global research results show that linear cubic terms GDP per capita are significantly positive, while quadratic term negative, regardless whether additional variables added. means robust existence an EKC. Geopolitical risk, ICT, food security confirmed positively impact emissions, composite institutional quality, digital economy, transition, population aging negative. AI, natural rents, trade openness, income inequality insignificant. inflection points considering all 45.08 73.44 thousand US dollars, respectively. Combining turning calculated coefficients, categorized into six groups model. subsequent regression heterogeneity direction magnitude impacts most variables. Finally, differentiated reduction strategies stages proposed.

Language: Английский

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Analysing the nexus between clean energy expansion, natural resource extraction, and load capacity factor in China: a step towards achieving COP27 targets

Environment Development and Sustainability, Journal Year: 2024, Volume and Issue: unknown

Published: Jan. 18, 2024

Abstract The excessive use of non-renewable energy in 21st-century economic growth has continued to hurt the environment by accumulating carbon dioxide and other greenhouse gases. However, promoting environmental sustainability requires expanding clean utilisation. In this study, we examine effects expansion natural resource extraction on load capacity factor (LCF) China from 1970 2018. Using dynamic autoregressive distributed lag simulations approach, extend standard curve (LCC) hypothesis incorporating as main determinants LCF. empirical outcomes reveal that is, although positively associated with LCF, but its squared term degrades This confirms LCC is not valid for China. Moreover, while a positive effect negative. These are stronger statistically significant only long run. Therefore, study highlights potentials sustainable decarbonized economy investing sources also efficiently available resources country.

Language: Английский

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Linking clean energy consumption, globalization, and financial development to the ecological footprint in a developing country: Insights from the novel dynamic ARDL simulation techniques

Heliyon, Journal Year: 2024, Volume and Issue: 10(5), P. e27095 - e27095

Published: Feb. 24, 2024

Developing countries have been facing economic difficulties for over three and a half decades due to numerous factors, including fossil fuel consumption dwindling biocapacity. It is necessary pinpoint the factors that may be culpable poor environmental quality leading rising ecological footprint (EFP). This study explores effect of clean energy, financial development (FDV), globalization on EFP in developing country using novel dynamic ARDL simulation techniques bootstrap causality test. The findings suggest green energy has no meaningful impact EFP. Globalization FDV significantly reduce by 0.25% 0.08%, respectively. Besides, confirm existence EKC hypothesis. Furthermore, results affirm unidirectional from EFP, while growth drives globalization. Also, one-way flows FDV, just as Granger causes energy. In line with findings, recommends public policies focus funding environmental-friendly technologies innovations. must recently developed energy-saving can ensure complementarity between increased deterioration.

Language: Английский

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Revisiting the EKC framework concerning COP-28 carbon neutrality management: Evidence from Top-5 carbon embittering countries

Journal of Environmental Management, Journal Year: 2024, Volume and Issue: 356, P. 120690 - 120690

Published: March 27, 2024

In the aftermath of 28th Conference Parties (CoP) climate summit in UAE, majority developing countries encounter challenges attaining their objectives carbon neutrality for a sustainable economy. The association economic factors such as growth, governance structures, forest area, renewable energy consumption, technological innovation, and urbanization with environmental elements (carbon footprint) is vital development management strategies. Therefore, this research reveals five selected high-emitting spanning from 1990 to 2022. This utilizes Environmental Kuznets Curve (EKC) framework investigate interrelationship between these variables. To do so, study employs cross-sectional autoregressive distributed lags (CS-ARDL) statistical technique determine short- long-term impacts variables under investigation on footprint. contrast, mean group (MG) common correlated effect (CCEMG) have been applied robustness. findings revealed that GDP, urbanization, area positive associations footprints, whereas GDP square, effectiveness inverse relationships footprints. These provide all stakeholders valuable policy recommendations advice accelerating transition low-carbon green growth.

Language: Английский

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Renewable energy transition and its implication on natural resource management for green and sustainable economic recovery

Resources Policy, Journal Year: 2024, Volume and Issue: 89, P. 104624 - 104624

Published: Jan. 22, 2024

Language: Английский

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Unveiling the effect of renewable energy and financial inclusion towards sustainable environment: Does interaction of digital finance and institutional quality matter?

Sustainable Futures, Journal Year: 2024, Volume and Issue: 7, P. 100196 - 100196

Published: April 17, 2024

Maintaining environmental sustainability has escalated to the top of agenda in practically all nations today, including Pakistan. Hence, our research supports United Nations sustainable development goal line, specifically SDG-11 for societies and SDG-13 mitigating climate change vulnerability. To address these challenges, present study investigates association digital finance, financial inclusion, renewable energy, institutional quality with While inclusion is assessed using five proxies that are indexed by principal component analysis (PCA), finance quantified number ATMs. We used data from 2004 2021 explore relationship among variables. Employing auto-regressive distributed lag (ARDL) model, we examined long-run short-run symmetric relationships between Additionally, investigate moderating impact on analyzing interaction term (DF*INSQ). The results show can help developing countries like Pakistan achieve sustainability. also highlights vital role energy sources long-term reduction carbon emissions. Moreover, presents positive prospects advancing These findings underscore necessity redefining giving projects priority. They provide insightful information policymakers service providers less developed countries. Furthermore, emphasizes importance robust institutions prioritizing integrity health growth.

Language: Английский

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Linking Resource Richness, Digital Economy, and Clean Energy to Ecological Footprint and Load Capacity Factor in Emerging Markets

Natural Resources Forum, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 8, 2025

ABSTRACT The wave of digitalization has spread across all countries in the world, with lasting environmental consequences medium and long term. On flip side, impact resource richness, including its exploitation consumption, been an age‐long debate among policymakers, particularly emerging markets. As such, this study examines effect natural resources (NR), digital economy, clean energy consumption on ecological footprint (EF) load capacity factor (LCF) from 2000 to 2022. current enriches literature by assessing different dimensions economy both demand side supply quality. results augment mean group estimator suggest that NR economic growth increase EF models. However, indicators except ICT goods exports, alleviate EF. same set variables reduce also LCF for selected countries. Renewable (REC) heterogeneous effects LCF, suggesting is not adequately consumed In addition, direction causality flows A bidirectional exists between REC EF, LCF. Based findings, it recommended develop more technologies, intensify process promotion, mobilize benefits transition a sustainable environment.

Language: Английский

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Policies for carbon-zero targets: Examining the spillover effects of renewable energy and patent applications on environmental quality in Europe

Energy Economics, Journal Year: 2023, Volume and Issue: 126, P. 106954 - 106954

Published: Aug. 14, 2023

Language: Английский

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The importance of extended-STIRPAT in responding to the environmental footprint: Inclusion of environmental technologies and environmental taxation

Energy Strategy Reviews, Journal Year: 2023, Volume and Issue: 50, P. 101216 - 101216

Published: Sept. 27, 2023

This research dives deep into the interplay between environmental technology, taxes, and renewable energy consumption, emphasizing their collective influence on ecological footprints within East Asian context. The scrutiny period extends from 1999 to 2019, encompassing five pivotal nations: Japan, North Korea, South Mongolia, China. At heart of this study lies choice technology as a core variable, driven by its potential be game-changer in sustainable development trajectories. Our findings bring salient negative correlation footprints, underscoring transformative role reducing impacts. In contrast, taxes consumption seemed tread lightly, casting more subdued shadow footprints. Meanwhile, urban population dynamics economic surges were found magnify repercussions. These insights spotlight profound technological innovations stewardship suggest recalibration policy emphasis sphere. ultimately offers invaluable perspectives for stakeholders, urging them harness promise while re-evaluating current tools.

Language: Английский

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Multi-step impacts of environmental regulations on green economic growth: Evidence in the lens of natural resource dependence

Resources Policy, Journal Year: 2023, Volume and Issue: 85, P. 103919 - 103919

Published: July 12, 2023

Language: Английский

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