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, Год журнала: 2024, Номер 21(1), С. 1053 - 1071

Опубликована: Янв. 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.

Язык: Английский

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Urbanization, trade openness, and industrialization as a determent of clean energy consumption: Evidence from BRI nations

World Journal of Advanced Research and Reviews, Год журнала: 2024, Номер 21(3), С. 1561 - 1574

Опубликована: Март 21, 2024

Energy and economic policies should include the intricate interconnections among urbanization, trade openness, industry, utilization of renewable energy. This study investigates connections nations involved in Belt Road Initiative (BRI). The employed panel econometric techniques, including DSUR, Cup-BC, CUP-FM, to document independent variables' elasticities. Study findings suggest that urbanization is initially negatively correlated with energy consumption (REC) because rising demand for energy, particularly non-renewable sources. Urbanization beyond a certain threshold fosters showcasing positive effects Renewable Certificates (RECs). influence on use has changed throughout time. Furthermore, there an initial relationship between openness REC, indicating adopting liberalized encourages clean Nevertheless, over time, this connection becomes less strong, suggesting critical moment when promotion may lead increase resources. Industrialization first stimulates need traditional sources but ultimately using U-invert demonstrates interplay industrialization patterns, emphasizing flexible policies. Our assists policymakers stakeholders effectively addressing sustainability concerns related

Язык: Английский

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Financial Opening Deepening, Managerial Ability, and Corporate Cost Stickiness

Finance research letters, Год журнала: 2024, Номер 67, С. 105786 - 105786

Опубликована: Сен. 1, 2024

Язык: Английский

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Interplay of Digital Financial Inclusion, Technological Innovation, Good Governance, and Carbon Neutrality in the Top 30 Remittance-Receiving Countries: The Significance of Renewable Energy Integration

International Journal of Energy Economics and Policy, Год журнала: 2024, Номер 14(4), С. 408 - 425

Опубликована: Июль 5, 2024

Our research explores the nexus between digital finance inclusion, technological innovation, good governance, renewable energy, and carbon neutrality in top 30 remittance-receiving countries, focusing on period from 2001 to 2020. Through comprehensive panel data analysis employing SH tests, CSD CADF D-H causality robustness checks, we investigate impacts of these factors emissions. This study uncovers a positive relationship financial inclusion reduced emissions, suggesting that access can significantly lower footprints. aligns with prior indicating mitigates need for traditional banking paper transactions, thus contributing environmental sustainability. We also find remittances have beneficial impact efforts, as they often fund investments clean energy technologies sustainable development initiatives. However, expansion services has been linked increased consumption electronic waste, highlighting complexity its impact. Furthermore, our findings underscore critical role effective governance achieving emission reduction goals. Countries transparent, accountable, efficient systems tend implement ambitious climate policies successfully. Additionally, innovation emerges pivotal factor transitioning low-carbon economy, playing significant reducing reveals strong correlations among finance, remittances, neutrality. The suggests several policy recommendations enhance sustainability reduce These include investing improving practices, leveraging development, fostering global collaboration. By implementing strategies, countries make strides toward contributes valuable insights into interconnectedness It offers guidance policymakers stakeholders crafting strategies economic protection, emphasizing importance an integrated approach achieve

Язык: Английский

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Unlocking the Nexus: Tourism, Clean Energy, Innovation, and Environmental Sustainability in the Top 20 Tourist Nations.

Sustainability Analytics and Modeling, Год журнала: 2024, Номер unknown, С. 100037 - 100037

Опубликована: Дек. 1, 2024

Язык: Английский

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