A bibliometric analysis on the research trends of climate change effects on economic vulnerability

Voumik

2022

JESCAE

Concerns about climate change, emission reduction, and environmental sustainability have become crucial in accomplishing long-term development goals. The present study explored the dynamic effects of financial development, renewable energy utilization, technological innovation, economic growth, and urbanization on carbon dioxide (CO2) emissions in India. This investigation quantifies short- and long-run dynamics using time series data from 1990 to 2020 and an Autoregressive Distributed Lag (ARDL) model. The outcomes from ARDL short- and long-run analysis revealed a positive and significant effect of financial development, economic growth, and urbanization on CO2 emissions in India. In contrast, both the short- and long-term coefficients for renewable energy utilization and technological innovation are negative and statistically significant, suggesting that expanding these variables will lead to lower CO2 emissions. The findings were validated by employing the Fully Modified Ordinary Least Squares (FMOLS), Dynamic Ordinary Least Squares (DOLS), and Canonical Cointegration Regression (CCR) methods. This research provides novel findings that add to the current literature and may be of special relevance to policymakers in the country because of the role that the financial system plays in environmental concerns.

Section: Introductionmentioning

confidence: 99%

Carbon Emission Dynamics in India Due to Financial Development, Renewable Energy Utilization, Technological Innovation, Economic Growth, and Urbanization

Voumik

2022

JESCAE

“…The world is becoming more aware of environmental issues as the negative effects of environmental degradation become more noticeable (Raihan et al, 2018;Jaafar et al, 2020;Isfat & Raihan, 2022). It is because of this realization that countries are finally beginning to take action to reduce environmental destruction (Raihan et al, 2021a;Islam et al, 2022;Voumik et al, 2022a). Because ecological decline is a given result of economic growth, swift implementation of environmental regulations is challenging for policymakers (Begum et al, 2020;Raihan et al, 2021b;Raihan & Said, 2022).…”

Section: Introductionmentioning

confidence: 99%

Carbon emission reduction potential of renewable energy, remittance, and technological innovation: empirical evidence from China

Voumik

2022

JTIE

Although the effects on environmental quality have not yet been extensively studied, some studies demonstrate that renewable energy, remittances, and technical innovation contribute to a country's socioeconomic development. In light of this, the current study utilizes annual data from 1990 to 2020 to evaluate the impact of renewable energy, remittances, and technical innovation on carbon dioxide (CO2) emissions in China. By using the autoregressive distributed lag (ARDL) bounds testing, the research was able to reveal persistent associations between CO2 and the regressors. Long- and short-run ARDL results also demonstrated that CO2 emissions rise alongside economic development, but the using renewable energy, remittances, and technical advancement help to lower emissions in China. The reliability of these results was determined using fully modified ordinary least squares (FMOLS), dynamic ordinary least square (DOLS), and canonical cointegrating regression (CCR). In light of these significant determining, several policy suggestions are proposed.

“…Human activities like burning fossil fuels and clearing forests contribute significantly to increasing atmospheric concentrations of GHGs, making climate change a pressing issue in the 21st century (Raihan et al, 2021a;Isfat & Raihan, 2022). Consistently rising CO2 emissions are predicted to have far-reaching implications for the global climate system, with disastrous effects for every sector of society (Ali et al, 2022;Islam et al, 2022). In order to build a sustainable, progressive, and successful society in which no one is left behind, the world must work toward the goal of a climate-neutral future .…”

Section: Introductionmentioning

confidence: 99%

Towards net zero emissions by 2050: the role of renewable energy, technological innovations, and forests in New Zealand

Tuspekova

2023

JESCAE

New Zealand has set a target of net zero emissions by 2050, and this study looks into the role that economic growth, renewable energy use, technological innovation, and forests could play in getting them there. The Dynamic Ordinary Least Squares (DOLS) technique was used to analyze time series data from 1990 to 2021. According to the results of the DOLS estimation, a one-percentage-point increase in economic growth is associated with a 0.24% increase in CO2 emissions. Furthermore, increasing the use of renewable energy by 1% is related with a reduction in CO2 emissions of 0.81 percent over the long run, as indicated by the coefficient of renewable energy use being negative and statistically significant. The calculated long-run coefficient of technical innovation is negative and statistically significant, suggesting that a 1% increase in technological innovation results in a 0.02% reduction in CO2 emissions. The long-run coefficient of forest area is notably negative and significant, which means that increasing forest area by 1% reduces CO2 emissions by 4.78%. The empirical results show that as New Zealand's economy grows, so do its CO2 emissions, but that the country may get closer to its goal of carbon neutrality through the growing use of renewable energy, technological innovation, and sustainable forest management. Alternative estimators, such as fully modified least squares (FMOLS) and canonical cointegrating regression (CCR), do not significantly affect the estimated results. In order for New Zealand to reach its goal of net zero emissions by 2050, this article offers policy ideas centered on a low-carbon economy, the promotion of the use of renewable energy sources, the financing of technical progress, and sustainable forest management.