Assessing the impact of the economic complexity on the ecological footprint in G7 countries: Fresh evidence under human development and energy innovation processes

Gondwana Research, Journal Year: 2023, Volume and Issue: 127, P. 226 - 245

Published: March 29, 2023

The G-7 economies include economically developed countries on a global scale. high economic complexity and ecological behaviour of these have led to increased concern in other within the conjuncture. For this reason, study investigates impact complexity, human development, innovation processes, renewable energy consumption footprint, presenting as main novelty damper effect that development processes exert footprint. This empirical evidence is analyzed under validation U-inverted EKĆs between footprint for 1991–2018. Our follows second-generation perspective generates reliable robust results using Cup-FMOLS, Konya panel bootstrap causality VAR analyses cross-sectional dependence slope heterogeneity. long-run elasticity estimates calculated with Cup-FMOLS approach suggest process interaction variables reduce unidirectional from well process, part test. In addition, bidirectional linkage revealed process. countries, where higher than it crucial improve environmental quality ensure sustainable development. findings show can be accelerated by improving sources, R&D investments social dimension.

Language: Английский

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Does improving economic efficiency reduce ecological footprint? The role of financial development, renewable energy, and industrialization

Energy & Environment, Journal Year: 2023, Volume and Issue: unknown

Published: July 4, 2023

With the ongoing expansion of global economic activities, environmental degradation has emerged as a progressively severe challenge. The Sustainable Development Goals are significantly impacted by this issue, making it essential to establish symbiotic relationship between development and protection. In context, an investigation into efforts OECD promote ecological protection assumes critical role, given its prominent position leading cooperation organization. Therefore, we examine efficiency, financial development, renewable energy, industrialization, footprint in 36 countries from 1995 2018. An empirical analysis employing fully modified Ordinary Least Square technique reveals inverted U-shaped curve efficiency footprint, supporting Kuznets (EKC) hypothesis countries. Moreover, research that industrialization exacerbate damage, while advancement energy plays pivotal role controlling fostering conservation. Furthermore, introducing interaction terms, find weaken positive effect on reinforces it. Finally, findings Dumitrescu-Hurlin panel causality show causal all three variables, namely consumption, is bidirectional. contrast, degree unidirectional. These provide practical policy recommendations for sustainable offers valuable insights lessons can inform formulation relevant policies other regions. Overall, study not only innovatively enriches theoretical content EKC perspective but also important guidance significance.

Language: Английский

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Navigating the Impact of Renewable Energy, Trade Openness, Income, and Globalization on Load Capacity Factor: The Case of Latin American and Caribbean (LAC) Countries

International Journal of Energy Research, Journal Year: 2023, Volume and Issue: 2023, P. 1 - 14

Published: March 31, 2023

Considering relatively high but recently decreasing environmental quality in the LAC countries with regard to world, this study uncovers progress of quality, which is proxied by load capacity factor (LCF). In context, considers renewable energy, trade openness, income, and globalization as explanatory indicators; uses data from 1990 2018; applies pooled mean group autoregressive distributed lag (PMG-ARDL) approach main model; performs panel Toda-Yamamoto (PTY) causality test robustness model. This important because have ecological reserves, whereas many an deficit. For reason, investigation has significance for world. Also, novelty terms examining using LCF quality. The results present that (i) energy improving impact on both short run long run; (ii) openness a stimulating (iii) however, economic growth degrading run. Hence, it can be drawn critical preserving developing line empirical findings, proposed should utilize effectively, improve volume through increase technology import, expand use foreign activities. Thus, effective policies promote achievement sustainable development goals (SDGs) countries.

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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Environmental protection tax superseded pollution fees, does China effectively abate ecological footprints?

Journal of Cleaner Production, Journal Year: 2023, Volume and Issue: 388, P. 135846 - 135846

Published: Jan. 5, 2023

Language: Английский

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The effect of technological innovation and clean energy consumption on carbon neutrality in top clean energy-consuming countries: A panel estimation

Energy Strategy Reviews, Journal Year: 2023, Volume and Issue: 47, P. 101091 - 101091

Published: April 13, 2023

According to the reports of "Intergovernmental Panel on Climate Change" (IPCC) 2021, it also is absolutely important limit global temperature rise 1.90C-1.50C by 2050, and this only possible involvement green or clean technologies, negative carbon emissions change in attitude people towards environment quality, suitable energy policies are required for achieving neutrality. Given framework, study investigates empirical impact technological innovations utilize ecological footprint a panel energy-consuming nations during 1990–2019. The findings indicate that improves environmental quality reducing both as well footprint. On contrary, observed innovations, population, economic growth use non-clean have substantial positive effect Thus, results offer new insights policymakers encourage advancement technologies. Finally, shows how neutrality can be achieved countries.

Language: Английский

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Reinvestigating the EKC hypothesis: Does renewable energy in power generation reduce carbon emissions and ecological footprint?

Energy Strategy Reviews, Journal Year: 2024, Volume and Issue: 53, P. 101387 - 101387

Published: April 24, 2024

This study utilizes the Autoregressive Distributed Lag (ARDL) method to investigate impact of electricity intensity (EINT), renewable energy in generation (ERE), and gross domestic product (GDP) on Malaysia's environmental quality, spanning from 1985 2020.The research employs carbon emissions (CO 2 emissions) ecological footprint (EF) as proxies for degradation.The results indicate a signi cant these variables both CO EF over long run.Notably, also identi es an inverted U-shaped relationship cases EF) between GDP degradation, thereby validating existence Environmental Kuznets Curve (EKC) hypothesis.The ndings imply that while is associated with increased emissions, use (RE) sources may contribute emission reduction.But show reversal signs EF.By adopting fully modi ed ordinary least square (FMOLS) method, showed same results, thus, justifying cointegrating studied variables.Drawing outcomes, proposes policy recommendations foster sustainability economic growth, emphasizing need strategic interventions mix policies.

Language: Английский

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Innovation Strategies for Ecological Sustainability: Effects of Natural Resources and Energy Consumption

Sustainable Development, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 27, 2025

ABSTRACT To attain global ecological sustainability within the framework of modernization, this study scrutinizes multifaceted interaction among environmental‐related patent technologies (ERPT), natural resources, energy consumption (both renewable and nonrenewable usage) globalization on footprint. assess novel aspects ongoing objective, employs Disc/Kraay, fully modified ordinary least square (FMOLS), dynamic (DOLS) regression to generate comparative results across a panel technologically advanced countries resource‐rich least‐developed from 1990 2022. The empirical outcomes indicate that economies leading in eco‐friendly sources enhance environmental by minimizing their footprint over time. In contrast, rely heavily resource extraction meet demands tend exacerbate degradation. process demonstrates same trend for both developed developing long term significantly elevating level Dumitrescu Hurlin causality test discloses reverse causal connection concerning variables such as ERPT, reliance excluding extended duration. recommendations derived suggest governments should strategically promote adoption dissemination innovative, technologies. Meanwhile, focus overhauling policies play crucial role supporting advancing efforts nations.

Language: Английский

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Nexus between carbon emissions, energy consumption, and economic growth: Evidence from global economies

PLoS ONE, Journal Year: 2023, Volume and Issue: 18(6), P. e0287579 - e0287579

Published: June 23, 2023

Renewable energy holds a remarkable role in clean adaptation due to the much lower carbon footprint it releases compared other fossil fuels. It also has positive impact by slowing down rate of climate change. The study examined links between renewable and non-renewable use, CO 2 emissions economic growth developed, developing, LDCs Economies Transition 1990 2019 152 countries. Granger-causality been used as methodology investigate link variables. findings existing studies on relationship consumption sources are inconsistent, indicating that there may or not be two factors. Apart from having few empirical so far have above-mentioned variables, analysis yet encompass all regions four sub-groups discussed above. results indicated no Granger-causal exists GDP REC outside Transition. Additionally, countries one-way relationship. Nevertheless, research indicates bi-directional Transition, uni-directional developing countries, meaningful association developed LDCs. Therefore, is essential emphasise actions develop while stimulating economy. Ultimately, more nations should choose build sustainable future.

Language: Английский

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Reinvestigate the significance of STRIPAT and extended STRIPAT: An inclusion of renewable energy and trade for gulf council countries

Energy & Environment, Journal Year: 2023, Volume and Issue: unknown

Published: June 18, 2023

The rapid growth experienced by the Gulf Council countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates) has placed significant strain on their ecological footprint due to extensive energy consumption. Consequently, it becomes necessary examine factors contributing high explore potential solutions for its reduction. This study aims analyze key influencing in GCC from 1995 2020. Through an review of existing literature, is evident that economic growth, urbanization, trade can disturb balance, while environmental technology renewable offer remedies challenges. Thus, these variables have been selected as independent investigation. results obtained advanced panel techniques emphasize significance adopting technologies increasing utilization sources order decrease footprint. Conversely, are identified crucial drivers degradation. Considering heavily rely oil petroleum exports, well non-renewable activities, positive relationship between be expected. propose multifold recommendations: (i) providing incentives (ii) prioritizing implementation clean over traditional technologies.

Language: Английский

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