Elongating the role of renewable energy and sustainable foreign direct investment on environmental degradation

Naseem, Sobia; Hu, Xuhua; Mohsin, Muhammad

doi:10.1016/j.heliyon.2023.e18421

Cited by 3 publications

(1 citation statement)

References 57 publications

(79 reference statements)

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“…The Environmental Kuznets Curve (EKC) suggests that when an economy progresses and reaches specific levels of income per capita, the adverse environmental consequences of economic growth can be mitigated, leading to improved environmental conditions. This association means that degradation of the environment is more likely during the early stages of economic expansion, but if certain income thresholds are met, additional growth is associated with improved environmental quality [ 6 , 7 ]. Whether economic growth is viewed as a threat or an opportunity for the environment, the financial sector is critical in promoting economic expansion and affecting environmental results [ 8 ].…”

Section: Introductionmentioning

confidence: 99%

Does financial inclusion and information communication technology affect environmental degradation in oil-producing countries?

Alam,

Shichang,

Muneer

et al. 2024

PLoS ONE

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Advances in financial inclusions have contributed to economic growth and poverty alleviation, addressing environmental implications and implementing measures to mitigate climate change. Financial inclusions force advanced countries to progress their policies in a manner that does not hinder developing countries’ current and future development. Consequently, this research examined the asymmetric effects of information and communication technology (ICT), financial inclusion, consumption of primary energy, employment to population ratio, and human development index on CO2 emissions in oil-producing countries (UAE, Nigeria, Russia, Saudi Arabia, Norway, Kazakhstan, Kuwait, Iraq, USA, and Canada). The study utilizes annual panel data spanning from 1990 to 2021. In addition, this study investigates the validity of the Environmental Kuznets Curve (EKC) trend on the entire sample, taking into account the effects of energy consumption and population to investigate the impact of financial inclusion on environmental degradation. The study used quantile regression, FMOLS, and FE-OLS techniques. Preliminary outcomes revealed that the data did not follow a normal distribution, emphasizing the need to use quantile regression (QR). This technique can effectively detect outliers, data non-normality, and structural changes. The outcomes from the quantile regression analysis indicate that ICT consistently reduces CO2 emissions in all quantiles (ranging from the 1st to the 9th quantile). In the same way, financial inclusion, and employment to population ratio constrains CO2 emissions across each quantile. On the other side, primary energy consumption and Human development index were found to increase CO2 emissions in each quantile (1st to 9th). The findings of this research have implications for both the academic and policy domains. By unraveling the intricate interplay between financial inclusion, ICT, and environmental degradation in oil-producing nations, the study contributes to a nuanced understanding of sustainable development challenges. Ultimately, the research aims to guide the formulation of targeted policies that leverage financial inclusion and technology to foster environmentally responsible economic growth in oil-dependent economies.

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Section: Introductionmentioning

confidence: 99%

Does financial inclusion and information communication technology affect environmental degradation in oil-producing countries?

Alam,

Shichang,

Muneer

et al. 2024

PLoS ONE

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Do natural resources bestow or curse the environmental sustainability in Cambodia? Nexus between clean energy, urbanization, and financial deepening, natural resources, and environmental sustainability

Qamruzzaman

2024

Energy Strategy Reviews

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Analysis of the Influence of Transportation Infrastructure on Socio-Environmental Efficiency: Countries Case Studies

Queiroz Júnior,

Celestino,

Falcão

et al. 2024

Transportation Research Record: Journal of the Transportation R

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The literature suggests that a country’s economic development is directly related to the efficiency of its transportation system. While the importance of a well-functioning transport system for economic growth and poverty reduction is widely acknowledged, there is limited quantitative research demonstrating this relationship. Many studies have separately applied data envelopment analysis (DEA) to analyze highways, airports, railways, and harbors. However, they have yet to analyze all modes and their relationship with economic development comprehensively. Consequently, this paper seeks to address this gap in the existing literature. The objective of this study is to demonstrate that transportation system. To this end, we employ DEA and consider a range of operational variables, including airports, railways, highways, and harbors. Furthermore, we examine the relationship between transportation efficiency and several economic and social indicators, including gross domestic product (GDP), human development index (HDI), and carbon dioxide (CO2) emissions from the transportation system. Our findings reveal that Brazil exhibits the lowest relative efficiency when compared with the G-7 countries and South America. Additionally, it demonstrates medium efficiency within the BRICS group (Brazil, Russia, India, China, and South Africa).

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Elongating the role of renewable energy and sustainable foreign direct investment on environmental degradation

Cited by 3 publications

References 57 publications

Does financial inclusion and information communication technology affect environmental degradation in oil-producing countries?

Does financial inclusion and information communication technology affect environmental degradation in oil-producing countries?

Do natural resources bestow or curse the environmental sustainability in Cambodia? Nexus between clean energy, urbanization, and financial deepening, natural resources, and environmental sustainability

Analysis of the Influence of Transportation Infrastructure on Socio-Environmental Efficiency: Countries Case Studies

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