Another perspective towards energy consumption factors in Pakistan: Fresh policy insights from novel methodological framework

Zhang, Jinjun; Abbasi, Kashif Raza; Hussain, Khadim; Akram, Sabahat; Alvarado, Rafael; Almulhim, Abdulaziz I.

doi:10.1016/j.energy.2022.123758

Cited by 28 publications

(7 citation statements)

References 84 publications

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“…The increase in CO 2 ‐based emissions has been heavily contributing to environmental disasters (IPCC, 2021; Tao et al, 2021; UNEP, 2021; Usman et al, 2022; Awan et al, 2022). In the context of the environment‐economic growth nexus, the EKC model hypothesizes that even though the environment may be jeopardized at an initial stage of economic growth, the ENDG effects of economic growth will later clear out at a certain stage of growth peak, and afterward economic growth will contribute to a cleaner environment (Balsalobre‐Lorente et al, 2022; Onifade., 2022; Zhang et al, 2022). According to Onifade and Alola (2022), to compensate for the initial ENDG at a higher income stage, vital factors such as green growth, technological innovation, etc., must be integrated into the relevant environment‐growth nexus.…”

Section: Theoretical Underpinning and Literature Reviewmentioning

confidence: 99%

Do green innovation and financial globalization contribute to the ecological sustainability and energy transition in the United Kingdom? Policy insights from a bootstrap rolling window approach

Ramzan

Razi

Quddoos

et al. 2022

Sustainable Development

127

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Environmental sustainability and energy transition, especially the renewable energy transition, have become critical concerns of nations throughout the world in recent decades.The sustainable and eco-friendly technologies have led to more sustainable methodologies, substantial stewardship of our natural resources, and the conversion to renewable energy sources, all of which have been demonstrated to benefit the environment significantly. However, prior studies have overlooked the ecological sustainability and energy transition effects of green technology innovation. Therefore, this study endeavored to investigate the role of green innovation (lnGRN) and financial globalization (lnFIG) on the sustainability of the environment (lnEFT) and energy transition (lnENT) in the United Kingdom using quarterly data for the period from 1995 to 2020. The study applied the time-varying (bootstrapping) rolling window technique, which can retrieve casual associations among variables at different periods of sub-samples. Besides this, the method is advantageous for addressing the non-consistency of parameters and eliminating the pre-test distortion. The novel Bootstrap Rolling-Window full-sample causality technique results demonstrate that lnGRN and lnFIG have unidirectional causality toward lnEFT and lnENT. Furthermore, the bootstrap rolling-window subsamples in the final stage indicate that lnGRN and lnFIG mitigate lnEFT, whereas lnGRN and lnGDP enhance energy transition. On the other hand, lnGDP and lnETX contribute to environmental deterioration, while lnFIG hinders the energy transition. Several important policy implications are derived from the results to encourage financial globalization, green innovation technologies, renewable energy resources consumption, and environmental taxes.

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Section: Theoretical Underpinning and Literature Reviewmentioning

confidence: 99%

Do green innovation and financial globalization contribute to the ecological sustainability and energy transition in the United Kingdom? Policy insights from a bootstrap rolling window approach

Ramzan

Razi

Quddoos

et al. 2022

Sustainable Development

127

View full text Add to dashboard Cite

show abstract

“…al., 2022, 2021; Aftab et al, 2021; Ahmad et al, 2024; Aqeeq et al, 2023; Asghar Khan et al, 2022; Bilal et al, 2022; Khurshid, 2023; Liu et al, 2022; Mehmood et al, 2023; Sun et al, 2023a;Zhang et al, 2022). Nonetheless, our research clari es the critical role that energy use and technological advancement play in achieving economic sustainability in Pakistan.…”

mentioning

confidence: 58%

Revealing the Dynamic Influence of Clean Energy Consumption on Economic Sustainability in Pakistan: A Pathway to Sustainable Development

Ali,

Xiaoying,

Khan

2024

Preprint

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Ensuring economic sustainability becomes a crucial consideration when examining the dynamic consequences of both clean and dirty energy consumption. This study seeks to analyze the influence of clean and dirty energy consumption, labor force, technological innovation, and capital formation on Pakistan's economic viability spanning from 1975 to 2022. To achieve this, we investigated these relationships utilizing a dynamic ARDL simulation model. The study findings indicate that clean energy consumption positively affects economic sustainability in both the short and long term. On the other hand, Dirty energy use has short-term benefits, it has long-term detrimental impacts on the viability of the economy. Although labor availability has a short-term negative impact on economic sustainability, it eventually loses significance. Economic sustainability is continuously enhanced by gross capital formation. To enhance economic sustainability, policymakers should prioritize the promotion of clean energy consumption because it constantly has a favorable effect over the long and short term. To reduce long-term drawbacks, a gradual switch from dirty energy is essential. Over time, labor development should change, and it's critical to promote capital formation. The aforementioned actions are intended to build a robust and sustainable future and strengthen Pakistan's economic sustainability.

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“… 0.24 −0.16 1.58 −0.16 [ 30 ] Germany 1991–2005 Long-term relationship Analysis Income, electricity price, temperature. 0.3 Not important statistically 1.56 −0.41 [ 31 ] Estonia 1975–2005 Long-term relationship Analysis Analysis of salary, electricity cost, natural gas cost, and climate. Not important statistically −0.27 0.33 −0.55 [ 32 ] Luxembourg 1970–2007 Long-term relationship Analysis Analysis of salary, electricity cost, natural gas cost, and climate.…”

Section: Resultsmentioning

confidence: 99%

A comprehensive study to estimate income and price elasticities of household electricity consumption using Auto-metrics

huang,

li,

2024

Heliyon

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Another perspective towards energy consumption factors in Pakistan: Fresh policy insights from novel methodological framework

Cited by 28 publications

References 84 publications

Do green innovation and financial globalization contribute to the ecological sustainability and energy transition in the United Kingdom? Policy insights from a bootstrap rolling window approach

Do green innovation and financial globalization contribute to the ecological sustainability and energy transition in the United Kingdom? Policy insights from a bootstrap rolling window approach

Revealing the Dynamic Influence of Clean Energy Consumption on Economic Sustainability in Pakistan: A Pathway to Sustainable Development

A comprehensive study to estimate income and price elasticities of household electricity consumption using Auto-metrics

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