Evaluating the symmetric and asymmetric effects of fossil fuel energy consumption and international capital flows on environmental sustainability: a case of South Asia

Umair, Muhammad; Yousuf, Muhammad Uzair

doi:10.1007/s11356-022-24607-z

Cited by 20 publications

(2 citation statements)

References 96 publications

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“…The environmental impact of using fossil fuels raises serious concerns. Conventional power plants reliant on fossil fuels contribute significantly to the escalating levels of greenhouse gas emissions and air pollution [1]. These environmental challenges highlight the necessity to shift towards renewable energy sources.…”

Section: Introductionmentioning

confidence: 99%

Effect of adjusting orientation for solar energy applications in multiple climatic zones

Yousuf,

Umair,

Rehan

et al. 2024

Mehran Univ. res. j. eng. technol.

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South-facing collectors are the optimum choice for solar applications in the northern hemisphere. However, obstacles may limit the feasibility of this orientation. Therefore, altering the orientation of the collector impacts solar insolation. In this study, the Perez model is utilized to evaluate incoming solar radiation on tilted surfaces for solar collectors in four climatic zones across Pakistan. The results are presented in contour plots to analyze the optimal tilt and orientation for solar applications. The findings of the study indicate substantial energy gains when collectors are placed at optimum angles. More specifically, Quetta leads with a 14.54% increase, followed by Karachi and Multan at 9.81% and 9.3%, respectively, compared to horizontally placed collectors. Analysis of vertical surfaces reveals a notable decrease in monthly solar radiation, especially in Peshawar (37.22%). Monthly adjustments in tilt angles outperform fixed positions, enhancing solar energy intensity. When comparing yearly adjustments with monthly adjustments, Quetta shows the maximum increase of 5.92%, followed by Karachi (4.86%), Multan (4.01%), and Peshawar (3.65%). It is also observed that ±15° azimuth angle change from the south ensures receiving up to 98% of insolation, regardless of the climatic region. Lastly, the validation against the NASA SSE database further highlights the reliability of our simulation model. Overall, the outcomes of the study will contribute to informed solar energy planning in the studied regions.

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Section: Introductionmentioning

confidence: 99%

Effect of adjusting orientation for solar energy applications in multiple climatic zones

Yousuf,

Umair,

Rehan

et al. 2024

Mehran Univ. res. j. eng. technol.

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“…This is because the greater economic growth in the area needs more energy consumption. According to Depren, Kartal, Çelikdemir, and Depren (2022); Raheem, Tiwari, and Balsalobre-Lorente (2020); Umair and Yousuf (2023) the economies of South Asia usually depend on conventional fossil fuels for economic growth, which poses a danger to the quality of the environment in the area. Mughal et al (2022) state that in spite of the economic success, these nations have not done particularly well in terms of maintaining a sustainable environment.…”

Section: Introductionmentioning

confidence: 99%

Renewable Energy, Green Finance, Ecological Footprints and Environmental Quality: A New Insights from South Asian Countries

Arshad,

Saghir,

Nasim

et al. 2023

Pak. J. Humanit. Soc. Sci

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Within the context of South Asian nations, this study investigates how factors such as FDI, ecological footprint, green finance, utilization of renewable energy sources, and Information and Communication Technology all have a role in determining the quality of the environment. In order to investigate the dynamic interrelationships that exist among these elements, this study makes use of panel data and in order to evaluate the nature of the connection that exists between the variables that are the subject of this investigation, the research performs slope homogeneity tests as well as cross-sectional dependency tests. The research indicates that the ecological footprint, green financing, FDI, use of renewable energy, and ICT are all collectively responsible for the increase in carbon emissions and the deterioration of environmental conditions. However, the use of renewable energy sources has been shown to have an effect that is inversely proportional to the release of carbon emissions. The study utilizes a mixed order of integration (0,1) in order to derive short-run and long-run correlations among South Asian countries. The results indicate that several factors are exerting an influence on the quality of the environment. However, it is seen that the consumption of renewable energy is having an inverse impact on carbon emissions.

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Toward Environmental Sustainability in Africa: The Impact of Financial Technology, Human Development, and Renewable Energy Consumption Across Income Groups

Oben,

Seraj,

Eyüpoğlu

2024

Environmental Quality Mgmt

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The United Nation's Sustainable Development Goal 13 (“Climate Action”) aims to address the issues of global warming and climate change, primarily caused by greenhouse gas emissions. This study examines the impacts of financial technology, human development, economic growth, and renewable energy consumption on environmental quality from 2013 to 2019 in African nations classified into different income groups. Using the method of moments quantile regression (MMQR) technique, results show that economic growth and human development (renewable energy consumption and financial technology) increase (decrease) carbon dioxide emissions in the long run. These imply that in the absence of sustainable practices, pursuing economic growth and human development could degrade the environment, while transitioning to renewable energy and promoting fintech could improve environmental quality. This study makes five major scientific contributions in terms of research question (unique combination of variables), sample (carbon emission‐financial technology nexus in Africa), proxy for financial technology (“credit flows by fintech and big tech companies to GDP (%)”), MMQR estimation technique (for the first time in this context), and comparative analysis based on income‐group classification. This study recommends the implementation of sustainable development frameworks, the adoption of green technologies, the transition from nonrenewable to renewable energy sources, the widespread education and awareness on environmental effects, and the encouragement of sustainable fintech solutions to help African countries attain sustainable economic growth and human development while reducing their carbon footprints.

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Evaluating the symmetric and asymmetric effects of fossil fuel energy consumption and international capital flows on environmental sustainability: a case of South Asia

Cited by 20 publications

References 96 publications

Effect of adjusting orientation for solar energy applications in multiple climatic zones

Effect of adjusting orientation for solar energy applications in multiple climatic zones

Renewable Energy, Green Finance, Ecological Footprints and Environmental Quality: A New Insights from South Asian Countries

Toward Environmental Sustainability in Africa: The Impact of Financial Technology, Human Development, and Renewable Energy Consumption Across Income Groups

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