Linking clean energy consumption, globalization, and financial development to the ecological footprint in a developing country: Insights from the novel dynamic ARDL simulation techniques.

Developing countries have been facing economic difficulties for over three and a half decades due to numerous factors, including fossil fuel consumption and dwindling biocapacity. It is necessary to pinpoint the factors that may be culpable for poor environmental quality leading to a rising ecological footprint (EFP). This study explores the effect of clean energy, financial development (FDV), and globalization on the EFP in a developing country using the novel dynamic ARDL simulation techniques and the bootstrap causality test.

Revisiting environmental Kuznets curve: an investigation of renewable and non-renewable energy consumption role.

Empirical studies on the environmental Kuznets curve (EKC) hypothesis have not reached a consensus on their findings because different environmental indicators are used, among other reasons. So, this study proposes using a composite index encompassing all dimensions of environmental pollution, using the composite environmental quality index (CEQI) which is introduced by Fakher et al. (Environ Sci Pollut Res 28(43): 61096-61114, 2021b).

Exploring renewable energy, financial development, environmental quality, and economic growth nexus: new evidence from composite indices for environmental quality and financial development.

The association between trade, financial development, consumption of renewable energy, environmental quality, foreign direct investment, and economic growth is important for sustainable growth and environmental strategies. Hence, this research unveils this association in selected low- and high-income economies from 1996 to 2020. Unlike most of the previous literature, this study uses a composite environmental quality index, a composite financial development index, and a composite trade share measure to better represent environmental quality, financial development, and trade openness, respectively.

New insight into examining the role of financial development in economic growth effect on a composite environmental quality index.

The inclusion of an index, which can be the representative of environmental quality from different aspects, seems to be of paramount significance. This issue is a major challenging one in the economic-environmental literature. This study investigates the role of financial development in economic growth effect on the composite environmental quality index (CEQI) in two groups of selected Organization of the Petroleum Exporting Countries (OPEC) and Organization for Economic Co-operation and Development (OECD) countries.

Investigating marginal effect of economic growth on environmental quality based on six environmental indicators: does financial development have a determinative role in strengthening or weakening this effect?

Given the complexity of the correlation of economic growth with financial development, and their interactive impacts on environmental quality, this study attempted to present new insights into indecisive outcomes from the contribution of financial development in determining the impressionability of environmental indicators under economic growth conditions. Previous studies only employed a single environmental indicator for analyzing the correlation between economic factors and environmental quality. However, six environmental indicators are adopted in this study to evaluate environmental quality and to reach major goals of this research.

Investigating the determinant factors of environmental quality (based on ecological carbon footprint index).

The main objective of this study is to evaluate 22 explanatory variables on ecological footprints and rank each of them by using the two approaches of Bayesian model averaging and weighted averaging least square in developing countries. The data is in a 20-year period of 1996-2016. According to the negative weighted averaging coefficient of square of gross domestic production (GDP), the Environmental Kuznets Curve (EKC) hypothesis can be confirmed with a high degree of certainty.