Balancing Growth and Sustainability: Can Green Innovation Curb the Ecological Impact of Resource-Rich Economies? DOI Open Access
Abul Hassan, Ridwan Lanre Ibrahim, Lukman Raimi

et al.

Sustainability, Journal Year: 2025, Volume and Issue: 17(10), P. 4579 - 4579

Published: May 16, 2025

The global economy faces a critical challenge: balancing economic survival through natural resource utilization with the imperative of long-term environmental sustainability. Green innovation presents viable solution, yet its effectiveness hinges on establishing well-structured legislative frameworks. This study, covering period 1996 to 2022, examines moderating effect green relationship between rents and ecological footprint while also considering roles globalization, financial development, energy transition in ten most resource-abundant countries. Utilizing augmented mean group (AMG) estimator, findings indicate that significantly contribute footprint, reinforcing concerns about resource-driven degradation. However, mitigates these adverse effects, promoting sustainable management alignment SDG 12 (Responsible Consumption Production). Additionally, renewable globalization positively influence conditions, drive toward clean affordable (SDG7), growth, non-renewable exacerbate harm. Furthermore, foreign direct investment (FDI) increases Pollution Haven Hypothesis for resource-rich economies. Rigorous robustness checks using CCEMG, FMOLS, DOLS methodologies, along country-specific analyses, affirm empirical validity results. In light conclusions, paper advocates reforms enhance sustainability optimize utilization, ensuring balanced approach development preservation.

Language: Английский

Balancing Growth and Sustainability: Can Green Innovation Curb the Ecological Impact of Resource-Rich Economies? DOI Open Access
Abul Hassan, Ridwan Lanre Ibrahim, Lukman Raimi

et al.

Sustainability, Journal Year: 2025, Volume and Issue: 17(10), P. 4579 - 4579

Published: May 16, 2025

The global economy faces a critical challenge: balancing economic survival through natural resource utilization with the imperative of long-term environmental sustainability. Green innovation presents viable solution, yet its effectiveness hinges on establishing well-structured legislative frameworks. This study, covering period 1996 to 2022, examines moderating effect green relationship between rents and ecological footprint while also considering roles globalization, financial development, energy transition in ten most resource-abundant countries. Utilizing augmented mean group (AMG) estimator, findings indicate that significantly contribute footprint, reinforcing concerns about resource-driven degradation. However, mitigates these adverse effects, promoting sustainable management alignment SDG 12 (Responsible Consumption Production). Additionally, renewable globalization positively influence conditions, drive toward clean affordable (SDG7), growth, non-renewable exacerbate harm. Furthermore, foreign direct investment (FDI) increases Pollution Haven Hypothesis for resource-rich economies. Rigorous robustness checks using CCEMG, FMOLS, DOLS methodologies, along country-specific analyses, affirm empirical validity results. In light conclusions, paper advocates reforms enhance sustainability optimize utilization, ensuring balanced approach development preservation.

Language: Английский

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