Pathway to environmental sustainability: Nexus between economic growth, energy consumption, CO2 emission, oil rent and total natural resources rent in Saudi Arabia

Agboola, Mary Oluwatoyin; Bekun, Festus Vıctor; Joshua, Udi

doi:10.1016/j.resourpol.2021.102380

Cited by 152 publications

(54 citation statements)

References 41 publications

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“…This is in accordance with Hypothesis 3a. These findings are consistent with Agboola et al [85], who found a substantial positive connection between Saudi Arabia's total natural resource rent and CO 2 emissions in the short and long run. Similar cases also occur in Sub-Saharan African countries [86].…”

Section: Determinant Factors Of Ems In Central Asiasupporting

confidence: 92%

“…The natural resource rent has an impact on environmental sustainability. In the short and long run, there is a considerable effect, where a country's total natural resource rent increases CO 2 emissions in Saudi Arabia [85]. In Sub-Saharan African countries, the natural resource rent raises CO 2 emissions [86] and other pollutant emissions [87] over time.…”

Section: Hypotheses 3c (H3cmentioning

confidence: 99%

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Global Challenges and Responses: Agriculture, Economic Globalization, and Environmental Sustainability in Central Asia

et al. 2022

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Economic globalization (EG) accelerates very fast in Central Asia. This could cause environmental degradation, according to the environmental Kuznets curve (EKC) hypothesis. The study aims to determine how the EG of agriculture impacts environmental sustainability, and to test the EKC hypothesis on the agricultural sector in six Central Asian countries. Particularly, some main hypotheses were proposed using secondary data from Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkmenistan, and Uzbekistan from 1994 to 2019. This study uses five explanatory variables: agricultural exports value (EXP), agriculture forestry and fishing value-added (AVA), the exchange rate (EXR), total natural resource rents (RENT), and external debt stocks (DEBT), while the dependent variable in this study is the CO2 emissions from on-farm energy use (EMS), temperature changes (TEMP), and forest fires (FIRE). These data are analyzed using panel data regression. As a result, AVA and RENT raise EMS; EXC raises TEMP but lowers EMS; DEBT raises TEMP but can lower FIRE. Hence, we propose recommendations to improve this condition, including a clear roadmap, enhanced partnerships, and regional and international support.

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Section: Determinant Factors Of Ems In Central Asiasupporting

confidence: 92%

Section: Hypotheses 3c (H3cmentioning

confidence: 99%

Global Challenges and Responses: Agriculture, Economic Globalization, and Environmental Sustainability in Central Asia

et al. 2022

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“…Furthermore, when renewable energy was employed as another control variable, it authenticated that renewable energy reduced CO 2 emissions. Similar studies by Nathaniel et al ( 2021a ), and Agboola et al ( 2021 ) supported the Murshed et al ( 2021 ) findings. In contrast, Nathaniel et al ( 2021b ) and Wan and Yang ( 2021 ) studies have failed to identify any negative and significant effects between economic growth and CO 2 emissions.…”

Section: Literature Reviewsupporting

confidence: 84%

“…Theoretically, we can accomplish both (Kuznets 1955 ); in fact, economic growth implies increased pollution levels simply due to increased output. Murshed et al ( 2021 ); Nathaniel et al ( 2021a ); Agboola et al ( 2021 ); Nathaniel et al ( 2021b ); and Doğan et al ( 2022 ) are recent empirical papers that investigated the association among CO 2 emissions and per capita economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

Investigating factors affecting global environmental sustainability: evidence from nonlinear ARDL bounds test

Sowah

Kırıkkaleli

2022

Environ Sci Pollut Res

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The concept of environmental sustainability formed the basis of the Paris Agreement and the United Nations conference in Rio de Janeiro. Empirically, without environmental sustainability, everything else could fall apart or be aimless. This study investigates factors affecting global environmental sustainability spanning 1966Q1 to 2019Q4. However, there are many micro-/macroeconomic factors engendering the environment, and the absence of robust clarity on whether factors such as economic growth, urbanization, trade openness, and energy consumption matter for global environmental sustainability remains a global academic dilemma in the economics literature. This paper utilized the unrestricted nonlinear autoregressive distributed lag (NARDL) bounds test techniques to model their relationship. Furthermore, the study adopted fully modified ordinary least squares (FMOLS), dynamic ordinary least squares (DOLS), and canonical cointegrating regression (CCR) methods to test the research hypothesis, catering to the problem of endogeneity and serial correlation. Up-to-date of this study, no empirical study has examined the nexus of these variables within the global framework. The outcomes suggested that (i) NARDL bounds test of cointegration confirmed evidence of long-run and short-run relationships among the variables; (ii) long-run asymmetric relationship was affirmed among the variables; and (iii) DOLS, FMOLS, and CCR models demonstrate that economic growth, energy consumption, and trade openness are positively significantly correlated with environmental sustainability except for economic growth which shows negative and insignificant correlation. These findings validate the protracted argument in literature that these estimated variables are significant for global environmental sustainability. This study recommends that environmental policymakers integrate global economic incentives with favorable regulatory changes for achieving the goals of a global sustainable environment in the long-run equilibrium.

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“…Similarly, the results obtained for consumption-based emissions do not confirm the EKC hypothesis Zhong ( 2022 ) China Provinces 2011–2015 Panel regression model This study confirms the EKC hypothesis for China provision. Digital finance can alleviate income inequality and promote green industrial structure, thereby indirectly reducing pollution, but the scale effect of income growth outweighs the technological impact that indirectly increases pollution Agboola et al ( 2021 ) Saudi Arabia 1971–2016 Pesaran bound test The findings show that a 1% increase in energy consumption increases environmental pollution by 0.360% and 0.983% in both the short and long term, respectively Gyamfi et al ( 2021a ) E7 Countries 1995–2018 PMG-ARDL model Long-term results confirm the existence of an N-shaped EKC in 7 developing countries. For E7 countries, there is an inverted U-shaped EKC Gyamfi et al ( 2021b ) Sub-Saharan Africa Countries 1990–2016 Panel quantile regression The findings confirm the pollution haven hypothesis for both oil and non-oil countries.…”

Section: Appendixmentioning

confidence: 99%

Validation of the environmental Kuznets curve hypothesis and role of carbon emission policies in the case of Russian Federation

Kilinc‐Ata

Likhachev

2022

Environ Sci Pollut Res

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Climate change currently observed and expected in the future is associated with risks to security and sustainable development and natural and irreversible consequences. To minimize these risks, it is necessary to adapt the public administration, economic sectors, and regional infrastructure to the changing climate conditions. This paper discovers the links between CO 2 emissions and their key determinants such as economic growth, energy consumption, population, trade openness, and financial development including the period from 1990 to 2020 to test the environmental Kuznets curve (EKC) hypothesis by using ARDL bound test for the Russian Federation. Findings reveal that energy consumption and population have a positive impact on CO 2 emissions, while economic growth, financial development, and trade openness have been found to decrease CO 2 emissions in the long term. The results of this paper show that there is a “U”-shaped relationship between CO 2 emissions and economic growth in the Russian Federation. This shows that EKC is valid up to a certain income level in the Russian Federation, and when this income level is exceeded, a positive relationship will begin between economic growth and environmental degradation. As a policy implementation, policymakers must implement clean energy technology policies to achieve the 2060 net zero carbon target. Policies such as fossil-based energy use and reducing energy intensity should be adopted.

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Pathway to environmental sustainability: Nexus between economic growth, energy consumption, CO2 emission, oil rent and total natural resources rent in Saudi Arabia

Cited by 152 publications

References 41 publications

Global Challenges and Responses: Agriculture, Economic Globalization, and Environmental Sustainability in Central Asia

Global Challenges and Responses: Agriculture, Economic Globalization, and Environmental Sustainability in Central Asia

Investigating factors affecting global environmental sustainability: evidence from nonlinear ARDL bounds test

Validation of the environmental Kuznets curve hypothesis and role of carbon emission policies in the case of Russian Federation

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