The fishing fleet of European Union (EU) nations gets billions in tax benefits each year, and the combustion of that fuel results in millions of tons of carbon emissions each year—and quantity of carbon dioxide equal to what Malta's entire fishing fleet emits each year. By considering the function of fishing output, fossil fuel usage, economic development, and population density (PD) from 1990 to 2022, this study examines the dynamic impact of the fishery sector on blue carbon in 27 European nations. The findings revealed a significant positive correlation and showed a significant positive association between fishing output as well as carbon sink decline at most quantiles by adopting an innovative methodology which is the method of moments quantile regression method which has a fixed factor. From the first to the ninth quantiles, fishery output greatly accelerates the decline of blue carbon storage, with a more substantial impact at the highest and a lesser influence at the lowest quantile. The findings also show that the EU14 developed countries experience a more meaningful, beneficial effect of fishing output on carbon sink deterioration than the EU13 developing nations. Economic development in EU14 created and EU13 developing nations were found to compress carbon sink degradation across all quantiles, supporting the growth theory for countries that produce fisheries. Fossil fuel usage was found to boost carbon sink degradation. In EU14 developed countries, the impact of PD was significantly negative from the first to the seventh quantiles. In contrast, in EU13 developing countries, this has a significant positive effect across all quantiles. With the help of diverse and green energy sources like the tide and wave energy, lawmakers can reduce the deterioration of blue carbon in the EU14 and EU13 nations.
In order to balance the relationship between economics, society and environment, the Chinese government has stated that China’s economy should shift from high-speed growth to high-quality development. Since agriculture is the foundation of the national economy, high-quality development of agriculture plays significant roles in the achievement of food security, social stability and environmental sustainability in China. In practice, the expansion of digital financial inclusion (DFI) seems to provide valuable opportunities for the development of high-quality agriculture. Nevertheless, in theory, the extant literature ignores exploration of the close relationships between DFI and high-quality agricultural development (HQAD). Hence, using Chinese provincial panel data from 2011 to 2020 and structural equation model (SEM) in STATA 16.0, this paper attempts to investigate whether and how DFI can enhance HQAD. Analysis reveals that (1) DFI can directly promote HQAD; (2) DFI can indirectly facilitate HQAD through the mediator of farmland transfer (FLT); (3) DFI can indirectly promote HQAD through the mediator of farmland mechanization level (FML); (4) compared with the benefits brought by “high-mechanization”, the benefits brought by “large-scale” farmland transfer policies are much greater. To our knowledge, our research is one of the first to investigate the direct and indirect effecting mechanisms of DFI’s influence on HQAD from the perspectives of farmland scale and farmland technology.
There are many advantages of geothermal energy, as an environmentally friendly resource, with some other problems to be addressed before the full potential of this sustainable and renewable resource, which is natural, could be harnessed. This research will aim to examine what effect ICT, that is, information and communication technology factors with sustainability in the economy, has on geothermal energy output among the considered 27 EU nations within the time frame 1990 to 2021. The novelty of this research is the ability to clarify the role of ICT toward geothermal power sustainability in the EU27 region. As well as the magnitude of effects of ICT on the geothermal power sustainability in EU13 developing countries and EU14 developed countries using the ARDL estimator. Autoregressive distributed lag (ARDL) was adopted, and the findings show that a significant increase in the geothermal energy industry sustainability can occur in EU14 emerged economies using ICT factors than among the 13 emerging economies. Among additional factors, human capital, economic sustainability, and institutional quality contribute more positively to geothermal energy sustainability in EU14 emerging economies than in EU13 emerging economies. Similarly, further results show that a remarkable decrease in carbon dioxide emissions can occur in EU13 emerging economies using geothermal energy output than in EU14 emerged economies. All these results outputs are an indication that geothermal power sustainability among the European Union countries could be remarkably boosted by increasing the level of ICT determinants to attain the 2030 energy union goals. This study recommends that the considered European countries should prioritize the good functionality of ICT indicators in attaining societal objectives and that of the environment as well.
As a substantially capital-intensive venture, the distribution network of the geothermal business is disproportionately clustered around the project designing phase. The profound geothermal industry is broad, and consequently the geothermal economy differs substantially from one place to another. The primary goal of this study is to analyze the effect of factors relating to global competitiveness along with economic growth on the sustainability of geothermal energy among European 27 countries. Employing auto regressive distributing lag (ARDL), the major findings suggest that a significant rise in the geothermal power production sustainable development can occur in the 14 European Union emerged economies applying global competitiveness criteria than in EU13 developing economies. Among additional criteria, a conducive environment, intellectual capital, market shares, as well as an innovation ecosystem contributes more significantly to the sustainability of geothermal energy among the 14 classed as established in this research than the 13 emerging economies. The results suggest that geothermal power sustainability among the European countries regions could attain a sustainable increased level of geothermal energy generation by putting in place the necessary global competitiveness determinants for the EU 2030 Energy Union goals to be achieved. The attainment of these Energy Union goals will assist in combating climate change and fighting environmental pollution. Three estimators were adopted to confirm that all calculated projections made in the study are said to be valid. The global competitiveness measures should be made better effective by the EU nations and this will help in achieving a pollution-free society and environment. Authorities in charge of policy and law-making in the EU regions should participate more in global competitiveness for geothermal energy production to become sustainable. Cointegrated strategies that will promote sustainability should be stressed by policymakers in the EU. This will go a long way in reducing the level of carbon dioxide emissions and also in promoting sustainability in the area of geothermal power generation.
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