Nexus between Natural Resources and Environmental Degradation: Analysing the Role of Income Inequality and Renewable Energy

Wang, Yongming; Uddin, Imad; Gong, Yingmei

doi:10.3390/su13158364

Cited by 13 publications

(7 citation statements)

References 132 publications

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“…The essence of the green economy lies in the utilization of renewable energy sources in contrast to depletable and mineral resources for energy production. Scholarly research (Ali et al, 2021;Wang et al, 2021;Adekoya et al, 2022) underscores that the adoption of renewable energy resources serves as a pivotal indicator in mitigating natural environmental degradation. Notably, empirical evidence suggests that progress and innovation in renewable energy resources offer an environmentally friendly alternative characterized by reduced costs and enhanced sustainability (Dincer and Dost, 1996;Dincer and Rosen, 1998).…”

Section: Findings and Discussionmentioning

confidence: 99%

“…Such resources are deemed to have the potential to alleviate the adverse ecological consequences associated with traditional energy sources, such as fossil fuels. The studies by Ali et al (2021), Wang et al (2021), andAdekoya et al (2022) collectively emphasize the significant role of renewable energy in curbing environmental degradation, thereby reflecting a growing recognition of its importance in shaping future policy frameworks.…”

Section: Findings and Discussionmentioning

confidence: 99%

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Environmental Impact of Business Freedom and Renewable Energy: A Global Perspective

Audi,

Poulin,

Ali

2024

IJEEP

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This research has examined the impact of business freedom on environmental degradation in developed and developing countries from 2000 to 2022. Panel least squares and generalized method of moments have been applied for empirical analysis. Our findings show that both business freedom and renewable energy consumption have a significant and detrimental influence on environmental degradation in both developed and developing nations. Furthermore, our findings highlight the significant influence of financial development on environmental degradation in both the whole sample and developing nations. Urbanization, on the other hand, has a significant impact on environmental degradation in both developed and developing nations. Interestingly, financial development has a negative and significant impact on environmental degradation in developed nations, while energy consumption has a notable positive and significant relationship with environmental degradation across the board. These findings suggest that the encouragement of entrepreneurial independence and the use of renewable energy sources might be helpful ways for mitigating environmental damage. Addressing the negative consequences of urbanization on the environment is also critical. The short-run dynamics give useful insight for developing tailored strategies to establish a sustainable balance between economic expansion and environmental preservation at the same time.

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Section: Findings and Discussionmentioning

confidence: 99%

Section: Findings and Discussionmentioning

confidence: 99%

Environmental Impact of Business Freedom and Renewable Energy: A Global Perspective

Audi,

Poulin,

Ali

2024

IJEEP

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“…In recent years, there has been a significant surge in CO 2 emissions, posing a grave and imminent threat to the human race. Despite global attempts to regulate carbon emissions by applying new policies and regulations, CO₂ emissions continue to rise daily and persist unabated (Wang et al, 2021). Substantial economic and industrial growth have enhanced the mining and demand for natural reserves in advanced and fast-growing economies.…”

Section: Introductionmentioning

confidence: 99%

“…Environmental regulations reduce the adverse effect on the environment through fossil-coal energy usage and investment from foreign whereas green energy usage increases the favorable association with environment quality. Wang et al (2021) examined the relationship between natural resources and environmental degradation in Pakistan between 1990 and 2018. The analysis of inequality, sustainable resources, green energy, natural resources, and CO₂ emissions was based on an Autoregressive Distributed Lag (ARDL).…”

Section: Introductionmentioning

confidence: 99%

The dynamic impact assessment of clean energy and green innovation in realizing environmental sustainability of G‐20

Aneja,

Yadav,

Gupta

2023

Sustainable Development

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In the context of the growth and development process, stability in environmental quality has remained a challenging issue to sustainable development, as several environmental problems, such as climate conditions, anthropogenic global warming, deforestation, and escalating degradation of water and air quality, depict a rising trend. In the contemporary materialistic paradigm, attaining a high economic growth rate while ensuring sustainable consumption of natural resources is impossible. The world needs to attain an economic growth rate that confirms sustainability in natural resource consumption and exploitation of resources introduced severe alert about the sustainability of such trajectory progress as an increase in economic growth upsurges natural reserve usage and energy demand, which leads to environmental deprivation. Both theoretical and empirical literature support that green or clean energy sources could significantly sustain environmental quality and foster economic growth. The recent literature assessed the role of green technology in promoting environmental sustainability. It emphasizes that green innovations are the most competent method to carry the competent use of resources, thereby reducing environmental degradation. Therefore, the main aim of this study is to analyze the impact of economic growth, clean energy, technological innovations, natural resources depletion, and green and sustainable technology on the environmental degradation of G‐20 nations in the frame spanning from 1992 to 2018. The results of cross‐sectional‐autoregressive‐distributed lag (CS‐ARDL) model estimation indicate the presence of a long‐run association between economic growth, number of filled applications for patents, development of environment‐related technologies as a percentage of all technologies, natural resources rents (NRR) as a percentage of GDP, renewable energy consumption, trade openness and environment degradation of G‐20 nations. This study re‐confirmed the Environmental Kuznets Curve (EKC) hypothesis for selected nations. Further, the study's findings revealed that cleaner energy and technological innovations, mainly green technology, play a significant role in sustaining the environmental conditions of these selected countries. Moreover, the degree of natural resource depletion directly impacts environmental degradation (CO₂ emission, total greenhouse gases emission and ecological footprints) in selected nations. The study underscores the importance of promoting clean energy, green technology, and sustainable practices to balance economic growth and environmental preservation and provides policymakers in G‐20 nations with valuable policy recommendations.

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“…Despite the crucial role of governance in socio‐economic development, there is a blind spot in the scholarly literature regarding its mediating role in the natural resource endowment–renewable energy development nexus. Researchers have examined the nexus between natural resources and environmental degradation (Shittu et al, 2021; Wang et al, 2021), the nexus between CO 2 emissions and resource rent (Bekun et al, 2019), the relationship between natural resources and ecological footprints (Nathaniel et al, 2021), the association between renewable energy consumption and carbon dioxide emissions (Bhattacharya et al, 2017; Salim & Rafiq, 2012), the influence of renewable energy and natural resources on environmental quality (Li et al, 2022; Zafar et al, 2021), and the long‐run and causal effect of financial development and renewable energy consumption on environmental sustainability (Kirikkaleli & Adebayo, 2021). However, those studies did not investigate the mediating role of governance in the relationship between natural resource endowment and renewable energy development.…”

Section: Introductionmentioning

confidence: 99%

Natural resources, renewable energy, and governance: A path towards sustainable development

Nchofoung

Ojöng

2022

Sustainable Development

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Based on data for 48 African countries for the period 2000–2020, we analyse the effects of natural resources on renewable energy development and the mediating effects of governance on that relationship. For this purpose, the Ordinary Least Squares method was used to develop a baseline regression model, and the Generalized Method of Moments (GMM) approach was used for the dynamic model regression. Quantile regression was used for robustness checking across the various distributions of renewable energy. First, we find that natural resources enhance renewable energy development in Africa and that the results are robust across alternative specifications of natural resources and governance, except for forest resources, which have a negative effect on renewable energy development. When robustness is checked through a quantile regression analysis, the results show that the positive effect depends on the conditional distribution of natural resources and the type of natural resource under consideration. The negative effect of total natural resources becomes weaker as we move towards higher quantiles. Second, governance interacts with natural resource rents to generate positive effects across different governance specifications and natural resources, except for coal rent. We thereby derive some relevant implications for renewable energy financing in the Global South.

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Nexus between Natural Resources and Environmental Degradation: Analysing the Role of Income Inequality and Renewable Energy

Cited by 13 publications

References 132 publications

Environmental Impact of Business Freedom and Renewable Energy: A Global Perspective

Environmental Impact of Business Freedom and Renewable Energy: A Global Perspective

The dynamic impact assessment of clean energy and green innovation in realizing environmental sustainability of G‐20

Natural resources, renewable energy, and governance: A path towards sustainable development

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