COP21 Roadmap: Do innovation, financial development, and transportation infrastructure matter for environmental sustainability in China?

Umar, Muhammad; Ji, Xiangfeng; Kırıkkaleli, Derviş; Xu, Qinghui

doi:10.1016/j.jenvman.2020.111026

Cited by 402 publications

(178 citation statements)

References 68 publications

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“…Further, promoting environmental innovation in these countries also reduce energy intensity which reduces the demand for fossil fuels and ultimately reduce CO 2 emissions (Wurlod & Noailly, 2018). These estimated results are in line with the outcomes of Ahmad et al (2019), Khan, Ali, Umar, et al (2020), and Umar, Ji, Kirikkaleli, and Xu (2020).…”

Section: Resultssupporting

confidence: 90%

Does fiscal decentralization and eco‐innovation promote sustainable environment? A case study of selected fiscally decentralized countries

Umar

Ali

et al. 2020

Sustainable Development

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190

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This study highlights the importance of fiscal decentralization in promoting a sustainable environment. The literature on the importance of fiscal decentralization in affecting environmental quality is scant, and thus, this study attempts to fill the gap by incorporating the linear and nonlinear terms of fiscal decentralization as possible determinants for CO2 emissions. Particularly, we utilize data from seven highly fiscally decentralized countries, that is, Australia, Austria, Belgium, Canada, Germany, Spain, and Switzerland, over the period 1990–2018. For empirical analysis, advanced panel data econometric tools are used that can deal with both heterogeneous coefficients and dependence of cross‐sections. The findings confirm that linear and nonlinear terms of fiscal decentralization improve the environment by reducing CO2 emissions. Moreover, gross domestic product (GDP) increases, while eco‐innovation and renewable energy usage reduce CO2 emissions. This study recommends that any policy that targets green growth will affect CO2 emissions. Moreover, policies targeting fiscal decentralization, GDP, eco‐innovation, and renewable energy will play the role in more than 1 year, namely in the long run.

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Section: Resultssupporting

confidence: 90%

Does fiscal decentralization and eco‐innovation promote sustainable environment? A case study of selected fiscally decentralized countries

Umar

Ali

et al. 2020

Sustainable Development

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190

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show abstract

“…Various economic practices, both directed at and based on economic growth, contribute to pollutants' emissions (Ayobamiji & Kalmaz 2020;Udemba 2020). Such practices from multiple sectors (petroleum sector, manufacturing, oil extraction, agriculture) of the economy that cause GDP growth also trigger pollution (Umar et al 2020). This pollution from various sources and economic sectors negatively impacts human well-being through various types of diseases such as cancer and heart disease (Adedoyin et al 2020;Oluwajana et al 2021;He et al 2021).…”

Section: Introductionmentioning

confidence: 99%

Can CO2 emissions and energy consumption determine the economic performance of South Korea? A time series analysis

Adebayo

Awosusi

Kırıkkaleli

et al. 2021

Environ Sci Pollut Res

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132

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Following the United Nations Sustainable Development Goals (UN-SDGs), which place emphasis on relevant concerns that encompass access to energy (SDG-7) and sustainable development (SDG-8), this research intends to reexamine the relationship between urbanization, CO 2 emissions, gross capital formation, energy use, and economic growth in South Korea, which has not yet been assessed using recent econometric techniques, based on data covering the period between 1965 and 2019. The present study utilized the autoregressive distributed lag (ARDL), dynamic ordinary least square (DOLS), and fully modified ordinary least squares (FMOLS) methods, while the gradual shift and wavelet coherence techniques are utilized to determine the direction of the causality. The ARDL bounds test reveals a long-run linkage between the variables of interest. Empirical evidence shows that CO 2 emissions trigger economic growth. Thus, based on increasing environmental awareness across the globe, it is necessary to change the energy mix in South Korea to renewables to enable the use of sustainable energy sources and establish an environmentally sustainable ecosystem. Moreover, the energy-induced growth hypothesis is validated. This result is supported by the causality analysis, which shows a one-way causality running from energy consumption to GDP in South Korea. This suggests that South Korea cannot embark on conservative energy policies, as such actions will damage economic progress. Additionally, a unidirectional causality is seen from CO 2 emissions and energy consumption to economic growth. These findings have far-reaching consequences for GDP growth and macroeconomic indicators in South Korea.

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“…Shahbaz et al (2013) studied the relationship between financial development, economic growth, trade openness, CO2 emissions, and coal consumption in South Africa, and their findings clearly showed that financial development minimizes CO2 emissions. Umar et al (2020) employed the Bayer-Hanck co-integration and wavelet coherence approaches to examine the determinants of CO2 emissions in China. Their study revealed that there are negative correlations between financial development and CO2 emissions in the long run.…”

Section: Introductionmentioning

confidence: 99%

Coal Consumption and Environmental Sustainability in South Africa: The role of Financial Development and Globalization

Adebayo

Kırıkkaleli

Adeshola

et al. 2021

Int. J. Renew. Energy Dev.

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This paper aims to investigate coal consumption and environmental sustainability in South Africa by examining the role of financial development and globalization by using a dataset covering the period from 1980 to 2017. The study utilized the Auto-regressive Distributed Lag Model (ARDL) approach in addition to the Bayer and Hank combined co-integration, fully modified Ordinary least squares (FMOLS), and Dynamic ordinary least Squares (DOLS). The study further utilized the frequency domain causality test to capture the causal linkage between the series. The advantage of the frequency domain causality is that it can capture causal linkages between series at different periods. The Bayer and Hanck co-integration and ARDL bounds tests reveal co-integration among the series. The empirical findings based on the ARDL long-run estimation reveal that a 1% increase in coal consumption increases environmental degradation by 1.077%, while a 1% increase in financial development decreases the environmental degradation by 0.973%. Furthermore, a 1% increase in economic growth decreases environmental quality by 1.449%. The outcomes of the FMOLS and DOLS approaches also provide supportive evidence for the ARDL long-run results. Furthermore, the results of the frequency domain causality test reveal that at a significance level of 1%, coal consumption Granger causes CO2 emissions at different frequencies, while financial development Granger causes CO2 emissions in the long run and short run at a significance level of 10%. In terms of policy suggestions, South Africa should embrace policies that encourage energy consumers to shift toward renewable energy. Furthermore, financial reforms should be implemented to curb environmental degradation

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COP21 Roadmap: Do innovation, financial development, and transportation infrastructure matter for environmental sustainability in China?

Cited by 402 publications

References 68 publications

Does fiscal decentralization and eco‐innovation promote sustainable environment? A case study of selected fiscally decentralized countries

Does fiscal decentralization and eco‐innovation promote sustainable environment? A case study of selected fiscally decentralized countries

Can CO2 emissions and energy consumption determine the economic performance of South Korea? A time series analysis

Coal Consumption and Environmental Sustainability in South Africa: The role of Financial Development and Globalization

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