Frontiers in Environmental Science, Год журнала: 2023, Номер 10

Опубликована: Янв. 18, 2023

Global warming presents a worrisome condition that necessitates important actions across the planet. One promising strategy is encouraging investments through public–private partnership investment (PPPI) in green ventures. The Environmental Kuznets Curve (EKC) hypothesis framework used current study to examine relationship between aforementioned factor and level of carbon dioxide (CO 2 ) emissions South Africa 1960 2020. Using recently developed novel dynamic autoregressive distributed lag (ARDL) simulations framework, results showed (i) energy contribute deteriorating environmental quality; (ii) while technique effect (TE) improves quality, scale (SE) largely contributes escalating CO emissions, thus confirming EKC holds; iii) consumption, foreign direct investment, trade openness, industrial growth escalate but technological innovation reduces it; iv) energy, innovation, effect, growth, openness Granger-cause short, medium, long run, showing these variables are fundamental determining quality. Our empirical findings suggest PPPIs should be accomplished environmentally friendly sectors industries, Africa’s government policymakers take further initiatives ensure implementation policies enable change from non-renewable sources renewable ones promote efficiency production processes curtail country.

Язык: Английский