Examining the impact of globalization and natural resources on environmental sustainability in G20 countries

Scientific Reports, Journal Year: 2024, Volume and Issue: 14(1)

Published: Dec. 28, 2024

Abstract The G20 countries are responsible for around 75% of the world’s greenhouse gas (GHG) emissions, including use natural resources. In this regard, role globalization in achieving environmental sustainability is a relatively new topic concern. As result, present study considers how and resources affect GHG as well roles that renewable energy consumption urbanization play between 1990 2020. Moreover, research utilizes advanced panel data estimation methods to assess these interrelationships, like CUP-FM CUP-BC methods. finds resource contribute increased with more pronounced effect high-income because most have extended carbon taxes or emissions trading systems last few years. Conversely, adoption associated reduction underscoring importance transitioning cleaner sources. Urbanization trends also correlate positively highlighting impact rapid urban growth, particularly middle-income countries. These results underscore need targeted policy interventions. High-income should intensify efforts reduce through stricter regulations on consumption. While, require support manage adopt sustainable practices. This provides crucial insights into complex dynamics globalization, use, sustainability, offering valuable guidance policymakers researchers engaged management climate change mitigation.

Language: Английский

Green Finance Strategies for Catalyzing Sustainable Development

Advances in finance, accounting, and economics book series, Journal Year: 2024, Volume and Issue: unknown, P. 521 - 538

Published: Dec. 27, 2024

Green finance has become essential for the attainment of sustainable development by using economic incentives to boost environmental sustainability and growth. Considering climate change urgency emphasized Paris Agreement Rio Earth Summit, green evolved include tools such as bonds, fintech applications, banking. This chapter delves into crucial importance in achieving Sustainable Development Goals. It begins tracing alongside development. further explores key theories provide a theoretical underpinning initiatives. also investigates how businesses are adopting practices strategies. Additionally, highlights influence TBL framework, which integrates economic, social, considerations, on finance. Finally, discusses future trends potential advancements finance, underscoring its significance promoting global economy.

Language: Английский