Driving energy transition in BRI nations: The role of education, globalization, trade liberalization, and financial deepening – A comprehensive linear and nonlinear approach

Energy Strategy Reviews, Journal Year: 2025, Volume and Issue: 57, P. 101620 - 101620

Published: Jan. 1, 2025

Language: Английский

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Empowering renewable energy consumption through public-private investment, urbanization, and globalization: Evidence from CS-ARDL and NARDL

Heliyon, Journal Year: 2024, Volume and Issue: 10(4), P. e26455 - e26455

Published: Feb. 1, 2024

This study examines the interrelationship among public-private investment, urbanization, globalization, and renewable energy consumption in BIMSTEC nations for 1995-2021. The implemented linear nonlinear frameworks to document magnitudes of explanatory variables on REC. Referring findings with CSD, CIPS, CADF, PCT disclosed presence cross-sectional dependency; are integrated after first difference, i.e., I (1), long-run association. According symmetric asymmetric coefficients, Public-private partnerships globalization have emerged as significant catalysts developing sources. At same time, urbanization is exposed an adverse tie REC, especially long-run. Based abovementioned findings, presents crucial policy recommendations facilitate expeditious transition within nations. Policymakers should prioritize cultivation robust partnerships, provision incentives investments energy, formulation comprehensive regulatory frameworks.

Language: Английский

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Nexus between foreign direct investment, gross capital formation, financial development and renewable energy consumption: evidence from panel data estimation

GSC Advanced Research and Reviews, Journal Year: 2024, Volume and Issue: 18(1), P. 182 - 200

Published: Jan. 20, 2024

This research examines the correlation between foreign direct investment (FDI), gross capital formation (GCF), financial development, and renewable energy consumption (REC). The utilizes CS-ARDL NARDL estimates to identify a strong statistically significant connection, both in long-term short-term, Foreign Direct Investment Gross Capital Formation Regional Economic Cooperation More precisely, 10% alteration (FDI) leads 1.545% augmentation Research Development Expenditure (REC) over an extended period of time, 0.735% boost immediate term. Likewise, favorable (unfavorable) advancements hasten (diminish) pace economic growth long analysis also demonstrates relationship GCF REC, highlighting advantageous impact domestic creation on integration clean energy. Moreover, it reveals development indicating that incentives enabled by have crucial encouraging use These results are consistent with previous important consequences for connection sustainable Nonetheless, study highlights importance taking into account nature caliber inflows, influence fair sector environment society, possible environmental social projects fueled expansion. Furthermore, emphasizes need well-rounded policy frameworks governance mechanisms guarantee green climate fund effectively contribute equitable study's findings offer valuable insights how global finance increase However, carefully evaluating wider related factors order develop strategies promoting consumption.

Language: Английский

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The role of ICT investment, digital financial inclusion, and environmental tax in promoting sustainable energy development in the MENA region: Evidences with Dynamic Common Correlated Effects (DCE) and instrumental variable-adjusted DCE

PLoS ONE, Journal Year: 2024, Volume and Issue: 19(5), P. e0301838 - e0301838

Published: May 6, 2024

His research investigates the interplay among investment in Information and Communication Technology [ICT], digital financial inclusion, environmental tax policies, their impact on progression of sustainable energy development within Middle East North Africa [MENA] region. Recognizing distinctive hurdles impeding advancement, effective policy formulation implementation MENA necessitate a comprehensive understanding these variables. Employing Dynamic Common Correlated Effects [DCE] model alongside an instrumental variable-adjusted DCE approach, this study explores relationship between ICT investment, tax, development. The facilitates analysis dynamic effects potential correlations, while addresses issues pertaining to endogeneity. results indicate that both promotion inclusion significantly positively Additionally, underscores importance fostering highlighting critical role interventions. Based findings, governmental prioritization initiatives for service integration is recommended bolster growth MENA. Furthermore, adoption efficient measures essential incentivize practices mitigate degradation. These recommendations aim create conducive environment region, contributing economic prosperity conservation.

Language: Английский

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Unveiling the synergy: Green finance, technological innovation, green energy, and carbon neutrality

PLoS ONE, Journal Year: 2024, Volume and Issue: 19(10), P. e0308170 - e0308170

Published: Oct. 8, 2024

This study investigates the pivotal role of green strategies in achieving carbon neutrality by exploring synergistic contributions finance, technological innovation, and energy adoption. The has implemented several panel data estimation techniques including second generation unit root test commonly known as CADF CIPS, an error correction-based cointegration test, for documenting elasticities GF, GTI, GE on through Continuously-Update Fully Modified[CUP-FM], Bias-Corrected [CUP-BC], Dynamic Seemingly Unrelated Regression [DSUR]. asymmetric coefficients have exploded with implementation a nonlinear framework, which is well NARDL. Our findings underscore significance finance mechanisms mobilizing resources sustainable initiatives, renewable projects energy-efficient technologies. Study shed light catalytic impact Technological innovation driving advancements, reducing emissions, fostering economic growth. Furthermore, our delves into transformative potential clean adoption, elucidating how it can substantially reduce footprints bolster transition to low-carbon economy. contributes growing body knowledge critical nexus neutrality, offering roadmap more environmentally responsible future. In world grappling pressing challenges climate change, research offers valuable insights that institutions, policymakers, businesses employ facilitate toward neutrality.

Language: Английский

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Nexus between financial development, foreign direct investment, and renewable energy consumption: Evidence from SSA

GSC Advanced Research and Reviews, Journal Year: 2024, Volume and Issue: 18(3), P. 265 - 280

Published: March 15, 2024

This study examines the nexus between urbanization (UR), gross capital formation (GCF), trade openness (TO), and renewable energy consumption (REC) to understand their interplay implications for adoption. Analyzing data reveals a negative correlation UR, GCF, TO, REC, highlighting challenges in promoting amidst urbanization, formation, global integration. Policy interventions are crucial address barriers hindering uptake. Recommendations include incentivizing foreign direct investment, enhancing technology transfer, clean investments, financial literacy. Integrated urban planning alignment of policies with goals essential strategies accelerate offers valuable insights policymakers stakeholders seeking promote development sustainability.

Language: Английский

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The Impact of Urbanization on Green Finance Development in Chinese Cities

Research Square (Research Square), Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 17, 2025

This study explores the intricate relationship between urbanization dynamics and development of green finance initiatives in Chinese cities, addressing a critical gap existing literature. Utilizing pragmatic research paradigm, we employed robust quantitative methodologies, including descriptive statistics, correlation analysis, Ordinary Least Squares (OLS) regression to evaluate data from 100 urban centers across China. Our empirical model examines how influences investments environmental outcomes, highlighting supportive policy environments' mediating role. Key findings reveal positive rates initiatives, alongside reciprocal that enhances effective formulation. contributes original insights into complexities finance, demonstrating alleviates negative impacts promotes economic resilience. The provide practical implications for policymakers, financial institutions, planners, emphasizing necessity integrated strategies foster sustainable rapid growth. JEL codes: O18, Q28, R58, H76

Language: Английский

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Trade, financial development and the environment: analysis of BRI countries having direct connectivity with China

Financial Innovation, Journal Year: 2025, Volume and Issue: 11(1)

Published: April 21, 2025

Abstract The number of countries participating in China’s Belt and Road Initiative (BRI) has been increasing since its official launch 2013. Although the BRI reached 145, only some are directly connected with China through land, sea, other trade routes developed under project. Because their direct links China, these have significantly increased China. In addition to trade, also undergoing financial development (FD). Since closely related production goods services, therefore; both expected environmental impact. current study examines effect FD on carbon dioxide (CO 2 ) emissions selected for period 2001–2019. This follows a proper estimation strategy based preliminary tests, cointegration analysis, coefficient estimation. results suggest that between no significant CO emissions, whereas, countries. Moreover, countries’ imports from reduce whereas exports increase emission policy recommendations should leverage connections technology transfer. By utilizing environmentally friendly technology, could pollution associated rest world. Furthermore, sectors divert funds industries advancing rather than pollution-intensive goods.

Language: Английский

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Unlocking the path to environmental sustainability: navigating economic policy uncertainty, ICT, and environmental taxes for a sustainable future

Environmental Science and Pollution Research, Journal Year: 2024, Volume and Issue: 31(25), P. 37136 - 37162

Published: May 18, 2024

Language: Английский

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An assessment of the effect of gross capital formation and financial development on Renewable Energy Consumption in middle-income nations: Does FDI act as a boosting factor? Evidence from CS-ARDl and NARDL framework

World Journal of Advanced Research and Reviews, Journal Year: 2024, Volume and Issue: 21(1), P. 1053 - 1071

Published: Jan. 17, 2024

The association between foreign direct investment (FDI), gross capital formation (GCF), financial development, and renewable energy usage is investigated in this research (REC). used the CS-ARDL NARDL estimates to examine correlation among REC, FDI, GCF, development. results demonstrate a strong statistically valid positive both immediate prolonged periods. Whether innovation FDI favourable or bad, it may ultimately affect either by accelerating diminishing it. Additionally, emphasizes substantial REC demonstrating that domestic creation has effect on incorporation of clean energy. Furthermore, data demonstrates noteworthy development certificates (RECs), suggesting incentivizes facilitated play pivotal role encouraging widespread use REC. shown are consistent with prior scholarly works have ramifications for comprehending intricate interplay sustainable energy, growth. However, need conduct thorough assessment characteristics quality (FDI) inflows. promote equitable industry while considering its impacts society environment. In addition, report highlights possible social environmental repercussions result from initiatives sponsored locally. This underscores importance establishing resilient policy frameworks efficient governance mechanisms guarantee Green Climate Fund (GCF) all contribute fostering expansion utilization As result, study's provide significant contributions understanding how optimize green climate funds order adoption But before formulating approaches encourage vital do evaluation broader associated variables.

Language: Английский

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