The jeopardizing of ecological security due to the detrimental effects of human activities necessitates the adoption of various actions to reduce ecological intensity. Though some studies have explored the moderating impact of financial development (FND) towards achieving ecological security, in Arab World it has not been thoroughly investigated. Against this backdrop, we investigate combined role of agricultural production (AFP), gross domestic product (GDP), energy consumption, population, direct and moderating impacts of FND on ecological intensity for a panel of 12 Arab League member states from 1995 to 2021.
View Article and Find Full Text PDFIn the context of sustainable development, this study investigates the intricate dynamics among good governance, renewable energy investment, and green finance in BRICS nations. The aim of the study is to assess how green finance and governance effectiveness moderate the impact of renewable energy investment on CO emissions. Utilizing the Cross-Sectional Autoregressive Distributed Lag (CS-ARDL) model, a meticulous analysis spanning two decades was conducted to unravel the relationships among key variables and CO emissions.
View Article and Find Full Text PDFThis study analyses the factors driving CO emissions from electricity generation in Ghana from 1990 to 2020. Employing Logarithmic Mean Divisia Index (LMDI) and Autoregressive Distributed Lag (ARDL) techniques, the research decomposes electricity generation into different factors and assesses their impact on CO emissions, considering both short and long-run effects. The LMDI analysis reveals that the total CO emissions from electricity generation amount to 3.
View Article and Find Full Text PDFClimate change presents challenges for both industrialized and developing nations, primarily due to insufficient pollution control. Increased fossil fuel usage escalates pollution levels, emphasizing the need to integrate more renewable energy into the energy mix, particularly to reduce carbon emissions. Consequently, public investment in renewable energy becomes pivotal to enhance the necessary technology for green energy production.
View Article and Find Full Text PDFThe present study presents a retrospect into environmental Kuznets curve hypothesis (EKC). The EKC debate is dated over four decade long and worthy of empirical scrutiny. To this end, the present study leverages on over 200 previous studies curated from SCOPUS and Web of science (WOS) core collection database respectively.
View Article and Find Full Text PDFEnviron Sci Pollut Res Int
October 2023
In recent years, researchers and politicians have become concerned about the ever-increasing energy consumption of ICT gadgets. Any effort to reduce greenhouse gas emissions should take the ICT industry's carbon emissions into account, given the widespread usage of ICT products across all economic sectors. Employing Driscoll-Kraay Panel Corrected Estimators for E7 economies from 2000 to 2020, we examine the direct impacts of ICT on ecology as well as the indirect implications through connections with the availability of clean fuel and technology for cooking and trade while also adjusting for population and renewable energy.
View Article and Find Full Text PDFIn the light of China's carbon-neutral goal, this study examines how food production, forest cover, trade openness, and rural population contribute to the quest of addressing China's agricultural nitrous oxide emissions. Time series data ranging from 1971 to 2018 was used for analysis in this study. The autoregressive distributed lag (ARDL) technique was employed to evaluate potential cointegration as well as to ascertain the long and short-run effects of food production, forest cover, income, trade openness, and rural population on agricultural nitrous oxide emission.
View Article and Find Full Text PDFIn the wake of various catastrophic consequences of climate change, Malaysia, a rapidly developing economy, is also inevitably experiencing environmental degradation that merits prompt and serious attention from policymakers and its government. Hence, this study simultaneously highlights the short and long-run dynamic connections between carbon emission in Malaysia and the trio of corruption levels, foreign investment inflow, and trade liberalization. The study also controls for a combination of other factors including energy use, GDP, and urbanization.
View Article and Find Full Text PDFDespite a spike in publications on business strategies focused on environmental awareness subjects in recent years, business-environment nexus research has recently been criticized for failing to address urgent issues like climate change. Therefore, we endeavored to do a trend analysis to find knowledge gaps in business studies related to the interaction between businesses, the environment, and society using bibliometric. Our study reveals that the area of business sustainability has evolved over the past decade from an internal conquest to include external indices like the environment, such as the debate over the relative merits of social and economic performance and the greening of management.
View Article and Find Full Text PDFAnthropogenic global warming strategies on carbon mitigation are driven by encouraging green innovation and using carbon taxes, yet an empirical model to validate this is non-existing. Moreover, the existing stochastic effects by regression on population, wealth, and technology (STIRPAT) model has been found to lack policy tools on taxes and institutions that cut carbon emissions. This study amends the STIRPAT model with environmental technology, environmental taxes, and strong institutional frameworks to create a new model STIRPART(stochastic impacts by regression on population, affluence, regulation, and technology) to understand the factors impacting carbon pollution using the emerging 7 economies.
View Article and Find Full Text PDFA lot of attention has been paid to environmental pollution worldwide, due to the increase in anthropogenic activities. Massive investment in non-renewable energy options raises questions regarding environmental sustainability and how to maximize food and non-food output while still preserving a healthy ecosystem. To this end, the present study explores the three-way nexus between economic growth, CO emission, and agriculture-value added will accounting for other control variables across a balanced panel of selected African economies from 1997 to 2020.
View Article and Find Full Text PDFInternational organizations have emphasized the importance of global economies supporting efforts to combat climate change. The Paris Agreement or Agenda 2050 urges nations to ensure that the increase in global temperature is limited to 1.5 °C.
View Article and Find Full Text PDFOne of the most essential aspects of a nation's economic progress that determines the citizens' lifestyles and general wellbeing is the level of financial development (FD). Thus, the current study examines the influence of natural resources as key variable for financial development in South Asian economic bloc while accounting for the roles of export diversity, inflation, and economic expansion. The dataset utilized for the South Asian bloc stretches between 1990 and 2020.
View Article and Find Full Text PDFTo achieve sustainable production and consumption patterns in the modern world, emerging countries are concentrating more on how economic variables may employ carbon neutrality targets appropriately. Using renewable energy, structural changes initiative, and imposing environmental taxes are all part of the plan to achieve the carbon neutrality goal in terms of reduced carbon emissions (CO), haze pollutants, and greenhouse gases (GHG). Environmental taxation, renewable energy, structural changes, trade openness, and foreign direct investment (FDI) are aspects taken into account in this study, along with the long-term viability of the natural ecology in the E7 (China, Turkey, India, Russia, Brazil, Indonesia, and Mexico) economies.
View Article and Find Full Text PDFThe main cause of environmental degradation is carbon emissions, which puts environmental sustainability in jeopardy. This ecological worry, the obligation for which falls on all economic actors, has not gone undetected, and so in 2021, the Glasgow Climate Pact (COP: 26) was organized, with the primary aim of decreasing global carbon emissions. Because the Post-Glasgow Agreement goals represent a significant challenge to achieving ecological responsibility, pressure is applied to the participating nations.
View Article and Find Full Text PDFThe economies of the emerging seven (E7) are not insulated from the climate change challenges, which is a key concern for most countries. The E7 nations have undertaken part in initiatives to combat climate change, particularly in terms of reducing CO emissions from the trajectory of productivity expansion in their countries. It is for this reason that this study examines the impact of resource volatility, renewable energy, and fossil fuel on both economic performance and CO emission from 1990 to 2018.
View Article and Find Full Text PDFMost emerging economies and the South American Countries are no exception to the negative consequences of trade-off between economic growth and environmental sustainability decisions. This study draws strength from the United Nations Sustainable Development Goals (UN-SDGs-7, 11, 12, and 13). Therefore, this study examines the environmental nexus between economic growth, globalization, renewable, and non-renewable energy, in South America from 1995 to 2020.
View Article and Find Full Text PDFGlobal warming is a global menace mainly driven by human anthropogenic activities. There is a need for environmental sustainability amidst increased economic growth. To this end, this study draws motivation from the United Nations Sustainable Development Goals (UNSDGs) with special focus on climate change mitigation and ecological balance.
View Article and Find Full Text PDFEnvironmental degradation has accelerated rapidly in recent decades. Researchers and policymakers around the world have concentrated their efforts on this phenomenon because of its effect on human beings. Because of the expanding desire for fossil fuels in developed and developing nations, there has been minimal worldwide agreement on how energy consumption and carbon emissions can be reduced in recent years.
View Article and Find Full Text PDFThe preponderance of emerging economies confronts significant trade-offs between economic growth and environmental sustainability considerations, and Turkey is no exception. This study draws strength from the United Nations Sustainable Development Goals (UN-SDGs-7,11,12 & 13). To this end, the present study explores the role of the environmental Kuznets curve (EKC) hypothesis for the case of Turkey for annual frequency data from 1970 to 2020.
View Article and Find Full Text PDFThe tourism industry is undoubtedly among the largest contributors to economic growth and employment generation in most economies of the world, and Africa is not an exception as outlined by World Tourism Organization (UNWTO). Thus, many countries in sub-Saharan Africa (SSA) are paying more attention to tourism development as alternative growth path to boost their economies. However, the tourism-induced growth is not void of its environmental issues.
View Article and Find Full Text PDFAccording to the United Nations World Tourism Organization (UNWTO), tourism sector ranks high in terms of her contribution to economic growth and employment opportunity generation in most economies. Several studies have been documented in the extant literature on the nexus between emission, tourism, and economic growth. However, the role of foreign direct investment that highlights either pollution haven or halo hypothesis and pivotal role of domestic credit to private sector in an environmental Kuznets curve (EKC) environment is lacking in the extant literature.
View Article and Find Full Text PDFEnviron Sci Pollut Res Int
March 2022
In recent years, there is concerted efforts to boost the tourism industry in Nigeria, and regulatory bodies were created for the tourism industry. This study is contributing to the ongoing debate on the tourism-energy-environment literature. Thus, we explore the linkage between tourism development, energy consumption, carbon dioxide (CO) emission, and renewable energy consumption in Nigeria for the period of 1995-2016.
View Article and Find Full Text PDFThe intensification of international trade movements and economic interconnectivity has far-reaching implications for many macroeconomic indicators, not to mention ecological consequences. To this end, this analysis examines the dynamic interaction between foreign direct investment (FDI), natural resources, economic advancement, and urbanization on consumption-based carbon emission which is adjusted to global trade for oil-producing Sub-Saharan Africa countries. The time frame for this analysis is from 1990 to 2018.
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