AI Article Synopsis
- - This study analyzes data from 123 developed and developing countries to explore how various factors impact green growth, aiming for environmental sustainability and economic growth by 2030.
- - The findings reveal that while economic development boosts green growth, trade openness and energy consumption have negative effects, whereas using renewable energy sources positively contributes.
- - Differences in how these factors affect green growth between developed and developing countries suggest that tailored strategies will be necessary for each to meet the Sustainable Development Goals by 2030.
Article Abstract
Considering the need for environmental sustainability while ensuring economic growth and development by 2030, this study uses data on 123 developed and developing countries to examine factors that influence green growth. The empirical results show that economic development positively influences green growth. However, trade openness is detrimental to green growth. Regarding energy-related factors, we find energy consumption negatively affecting green growth, but renewable energy consumption significantly improves green growth. In further analysis, we find that the influence of these factors differs between developed and developing countries. The result implies that countries at a different development level will require different strategies in achieving the Sustainable Development Goals in 2030. The results are robust to alternative identification strategies such as the System Generalised Method of Movement, which accounts for potential endogeneity.
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| http://www.ncbi.nlm.nih.gov/pmc/articles/PMC8310487 | PMC |
| http://dx.doi.org/10.1007/s11356-021-13429-0 | DOI Listing |
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