Frontiers in Environmental Science, Journal Year: 2024, Volume and Issue: 12

Published: July 30, 2024

For sustainable development, the roles of energy efficiency and renewable is undeniable. We are passing through era globalization economies expanding their economic activities across borders. In this scenario, nations striving for development without hurting climatic conditions. Therefore, study employs Bai Carrion-i-Silvestre unit root test Westerlund cointegration tests. The variables were found to have mix order integration shows in panel data. Method Moments Quantile Regression (MMQR) used ascertain effects economic, environmental, factors on load capacity factor (LCF), a measure environmental quality G-20 countries. Key findings supporting Load Capability Curve (LCC) theory show that while initial growth (GDP) has negative impact (coefficient −0.035 at median quantile), advanced (GDP 2 ) improves LCF 0.513 90th quantile 0.388 median). coefficient 0.055 indicates positive association between consumption LCF. Natural resources exhibit 0.061 0.037 median. However, there drawbacks both financial contemporary technology; coefficients −0.021 −0.058, respectively. work suggests targeted strategies, including more stringent legislation, backing energy, resource management, advancements technologies, regulation globalization, bolstering international cooperation.

Language: Английский