Economic growth and environmental impact: Assessing the role of geothermal energy in developing and developed countries

Innovation and Green Development, Год журнала: 2024, Номер 3(3), С. 100144 - 100144

Опубликована: Март 25, 2024

Geothermal energy is both a clean and sustainable source that contributes to economic growth (GDP) environmentally friendly, as it releases much less harmful greenhouse gas (GHG) emissions than fossil fuels. This study presents novel perspective by examining the dynamic impact of geothermal on GDP GHG in developing developed countries from 2000 2019. By employing Autoregressive Distributed Lag (ARDL) estimations, our demonstrates negative short-run but also proves be positive contributor long-run GDP, particularly countries. Additionally, unveils noteworthy discovery has effect levels country groups over long run, although coefficient lower These findings are robust confirmed through Fully Modified Ordinary Least Squares (FMOLS) Dynamic (DOLS) techniques. The ARDL justified Dumitrescu Hurlin (D-H) causality model, indicating existence unidirectional energy. Based this empirical evidence, we suggest policymakers support projects streamlined processes, incentives, ongoing policy reviews for environmental sustainability growth.

Язык: Английский

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Energy-economy-environment nexus in China: The role of renewable energies toward carbon neutrality

Innovation and Green Development, Год журнала: 2024, Номер 3(3), С. 100139 - 100139

Опубликована: Фев. 15, 2024

Global climate change triggered by the escalating carbon dioxide (CO2) emissions resulting from heightened economic expansion and consumption of energy represents foremost environmental concern in contemporary global context. China is accountable for nearly 27% total CO2 emissions, making it largest emitter worldwide. This study explores consequences outgrowth, fossil fuel, renewable utilization on China's CO2. The utilized an autoregressive distributed lag (ARDL) model to analyze annual data 1965 2022. ARDL bounds test results indicate presence long-term cointegration among variables. empirical specify that a 1% growth fuels economy leads 4.97% 0.58% emissions. In short term, these increases amount 2.42% 1.21%, respectively. Conversely, enhancement could result reduction 1.39%, whereas would be 0.50%. proposes policy suggestions attainment sustainable development neutrality.

Язык: Английский

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Greening the path to carbon neutrality in the post-COP26 era: Embracing green energy, green innovation, and green human capital

Innovation and Green Development, Год журнала: 2024, Номер 3(3), С. 100134 - 100134

Опубликована: Янв. 22, 2024

The COP26 Glasgow conference stressed the importance of all nations committing to more ambitious targets for reducing emissions keep global temperatures from rising than 1.5 ​°C above pre-industrial levels. This is crucial since any temperature greater that will have grave and irreversible climatic repercussions. research, utilizing data Ghana 1980 2018, investigates role green innovation, energy consumption, human capital in mitigating carbon dioxide (CO2) achieve neutrality within environmental Kuznets curve (EKC) framework while using natural resources industrialization as additional variables study model. Current econometric techniques are employed accurate reliable analyses, findings reveal stationary co-integrated long run. novel quantile-on-quantile regression adopted, empirical discoveries mitigate CO2 emissions. However, indicate escalate country. also validate N-shape EKC hypothesis between economic growth Ghana. Policy recommendations offered based on these insights.

Язык: Английский

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The interrelationship amid carbon emissions, tourism, economy, and energy use in Brazil

Carbon Research, Год журнала: 2024, Номер 3(1)

Опубликована: Фев. 1, 2024

Abstract Tourism serves as a crucial means of funding national development and ensuring the sustainability local livelihoods in growing countries such Brazil. Nevertheless, accelerated growth tourism various nations might lead to significant environmental consequences due heightened energy consumption. This surge usage contributes exacerbation global warming through amplified release carbon dioxide (CO 2 ). In light increasingly evident impacts climate change on natural environment, multitude endeavors have been undertaken with aim attaining ecological sustainability. The objective this study is examine dynamic effects economic growth, consumption, emissions Brazil by analyzing time series data spanning from 1990 2019. stationarity was assessed application unit root tests, while an autoregressive distributed lag (ARDL) approach employed analyze relationship between components, accounting for both long-term short-term dynamics. empirical results indicate that 1% rise tourist arrivals leads deterioration causing respective increase CO 1.37%, 1.06%, 0.57% near term, 0.72%, 0.62%, 0.16% long term. article presents policy ideas aimed at achieving neutrality increasing utilization renewable sources, simultaneously fostering sustainable enhance country’s economy. Highlights •This investigated tourism-economy-energy-environment nexus •The econometric analysis revealed tourism, use, emissions. offers suggestions achieve neutrality. Graphical

Язык: Английский

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A Systematic Review of Geographic Information Systems (GIS) in Agriculture for Evidence-Based Decision Making and Sustainability

Global Sustainability Research, Год журнала: 2024, Номер 3(1), С. 1 - 24

Опубликована: Янв. 7, 2024

The aim of this study was to consolidate current information on the utilization Geographic Information Systems (GIS) and Remote Sensing (RS) in agricultural sector, with a focus their role promoting evidence-based policies practices enhance sustainability. Additionally, review sought identify challenges hindering widespread adoption GIS RS applications, particularly low- middle-income nations. This employed methodology systematic literature review. findings indicate that technology sector has experienced notable increase over past few years. primary areas use for have been identified encompass crop yield estimation, assessment soil fertility, monitoring cropping patterns, evaluation drought conditions, detection management pests diseases, implementation precision agriculture techniques, fertilizer weed control. possesses capacity augment sustainability by incorporating spatial aspect into policies. Furthermore, potential facilitating decision making is expanding. Given escalating peril climate change food security, there exists heightened imperative include policy formulation decision-making processes practices. might be beneficial informing development effectively integrate sustainable climate-smart agriculture.

Язык: Английский

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The impact of political competition on green innovation: A new insight into sustainable development

Sustainable Development, Год журнала: 2023, Номер 31(5), С. 3692 - 3708

Опубликована: Июнь 3, 2023

Abstract This research examines a panel of 121 economies worldwide over the period 1980–2020 for impact political competition on green innovation. We find that an increase in intensity has significantly negative innovation and this remains significant long term, especially non‐OECD countries middle (low) income countries, whereas sub‐indicators indicate level institutionalization participation degree government restrictions have different impacts The findings also reveal lower risk higher levels globalization positively moderate adverse effects party are exacerbated when left‐wing parties power. study offers new insight into sustainable development based examining relationship between

Язык: Английский

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The contribution of economic development, renewable energy, technical advancements, and forestry to Uruguay's objective of becoming carbon neutral by 2030

Carbon Research, Год журнала: 2023, Номер 2(1)

Опубликована: Май 18, 2023

Abstract Uruguay has set a target of becoming carbon neutral by the year 2030, and this study looks into role that economic progress, renewable energy utilization, technological innovations, forest extent could play in reaching goal. The Dynamic Ordinary Least Squares (DOLS) technique was applied to examine time series data from 1990 2021. According outcomes DOLS estimation, one-percentage-point boost growth is associated with 1.16% increase CO 2 emissions. However, increasing use 1% related reduction emissions 0.73 percent over long run, as indicated coefficient being negative statistically significant. calculated long-run innovations significant, suggesting innovation causes 0.11% cut area notably which means expanding lessens 0.56%. empirical results show Uruguay's economy grows, so do its emissions, but country may get closer goal neutrality through growing energy, innovation, sustainable management. robustness verified utilizing fully modified least squares (FMOLS) canonical cointegrating regression (CCR) techniques. In order for reach article offers policy ideas centered on low-carbon economy, promoting financing Graphical

Язык: Английский

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A review on the integrative approach for economic valuation of forest ecosystem services

Journal of Environmental Science and Economics, Год журнала: 2023, Номер 2(3), С. 1 - 18

Опубликована: Июль 31, 2023

Forests have the most biodiversity and provide vital ecosystem services. They offer numerous forest-related services, some of which can be commercialized. This improves social, cultural, health, scientific life. Nonmarketable intangible services are discounted because people think they're endless free. Humans changed natural social worlds through using resources improving well-being. Public private decision-makers often compete over capital. The loss biodiversity, climate change, global warming interconnected with development ensuring an acceptable level well-being for majority humanity, making it difficult a single, individual approach to estimating value these goods generate support decisions policies in complex areas. complexity products requires integrated assessment cutting-edge technologies approaches pluralist framework heterogeneous values. evaluation should encompass costs benefits several commodity service applications. These usage' effects on economic, cultural advancement also crucial. extensive thorough enthronization ecosystems affect amount quality services; thus, is quantify complicated inverse effect from civilization nature. Studies show that incorporating sustainability sciences into integrative may environmental policy future.

Язык: Английский

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How does the transition policy of mineral resource-exhausted cities affect the process of industrial upgrading? New empirical evidence from China

Resources Policy, Год журнала: 2023, Номер 86, С. 104226 - 104226

Опубликована: Окт. 1, 2023

Язык: Английский

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From growth to green: Navigating the complexities of economic development, energy sources, health spending, and carbon emissions in Malaysia

Energy Reports, Год журнала: 2023, Номер 10, С. 4318 - 4331

Опубликована: Ноя. 1, 2023

This study analyzes the impact of economic expansion, fossil fuel consumption, renewable energy adoption, and health expenditure on carbon dioxide (CO2) emissions in Malaysia from 1990 to 2021. The autoregressive distributed lag (ARDL) method is used examine short long-term consequences. ARDL bounds test revealed evidence cointegration among variables long run which verified by Johansen Engle-Granger test. empirical results suggest that increased expansion usage are associated with higher CO2 emissions. In contrast, use linked lower term. Toda-Yamamoto causality also employed investigate causal relationships between variables. recommends Malaysian government invest green technology promote policies encourage sustainable practices. A growth approach can ensure growth, mitigate environmental challenges, achieve development goals. Health initiatives should be prioritized while mitigating damage. reduce country's reliance fuels, create new employment opportunities, contribute overall well-being population. conclusion, Malaysia's has led an increase demand However, adopting a investing energy, practices, pave way for prosperous future.

Язык: Английский

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