Role of financial development, environmental-related technologies, research and development, energy intensity, natural resource depletion, and temperature in sustainable environment in Canada

Khan, Muhammad Kamran; Babar, Samreen Fahim; Oryani, Bahareh; Dagar, Vishal; Rehman, Abdul; Zakari, Abdulrasheed; Khan, Muhammad Owais

doi:10.1007/s11356-021-15421-0

Cited by 131 publications

(40 citation statements)

References 60 publications

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“…Ma and Fu (2020) and Dasgupta et al (2001) argued that due to the development of the financial markets and expansion of production, the enterprises may reduce financing costs and increase financing channels to make investment in new projects, and this may stimulate energy consumption and carbon emissions. Khan et al (2021) found that financial development, energy intensity, renewable energy production, research and development, natural resource depletion, and temperature contribute to environmental pollution degradation in Canada. Sadorsky (2010) identified that financial intermediation encourages people to take loans to buy heavy vehicles that ultimately accelerate CO 2 emissions.…”

Section: Literature Reviewmentioning

confidence: 99%

Financial Development, Institutional Quality, and the Influence of Various Environmental Factors on Carbon Dioxide Emissions: Exploring the Nexus in China

Amin

Ameer

Yousaf

et al. 2022

Front. Environ. Sci.

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Carbon dioxide (CO2) emissions have been the key source of extreme environmental degradation and have an adverse impact on climate and human activities. Although a large number of studies have explored the determinants of CO2 emissions, the role of institutional quality has not been fully studied. Our study contributes to the existing literature by examining the influence of financial development, institutional quality, foreign direct investment, trade openness, urbanization, and renewable energy consumption on CO2 emissions over the period 1996–2020 by utilizing the dynamic autoregressive distributed lag simulations. The empirical findings of the study indicate that the indicators of governance, trade, financial development, and renewable energy consumption adversely affect CO2 emissions, while urbanization and foreign direct investment contribute to environmental degradation. The empirical results of this study indicate that in order to mitigate environmental degradation and to achieve environmental sustainability, the government should establish consistency between environmental and economic policies. Moreover, in order to achieve low carbon emissions and sustainable development, countries need viable financial institutions that focus on green growth by promoting clean production process strategies to ensure the reduction of CO2 emissions.

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Section: Literature Reviewmentioning

confidence: 99%

Financial Development, Institutional Quality, and the Influence of Various Environmental Factors on Carbon Dioxide Emissions: Exploring the Nexus in China

Amin

Ameer

Yousaf

et al. 2022

Front. Environ. Sci.

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show abstract

“…Several incentives are in place to encourage adequate investment in the renewable energy supply market. In this regard, most global economies have adopted policies and set particular targets for renewable energy (M. K. Khan et al 2021;Su et al 2021;B. Yang et al 2021).…”

Section: Introductionmentioning

confidence: 99%

The cyclical impact of green and sustainable technology research on carbon dioxide emissions in BRICS economies

Khattak

Ahmad

2021

Environ Sci Pollut Res

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This paper explored the asymmetrical relationships between green and sustainable technology research and environmental sustainability among the BRICS states from 1990 to 2018. The data was analyzed by second-and third-generation economic techniques such as slope heterogeneity and cross-section independence test, unit root test, structural break unit root test, panel cointegration with structural breaks cointegration tests, cross-section autoregressive distributed lags technique, augmented mean group, and Dumitrescu-Hurlin panel causality test. First, the results validated a long-run cointegration among variables. Second, the results showed that renewable energy consumption and positive shocks to green and sustainable technology research are proper to mitigate carbon dioxide emissions (short-and long-run). Third, gross domestic product, foreign direct investment, exports, and negative shocks to green and sustainable technology research increase carbon dioxide emissions. Fourth, the nexus between green and sustainable technology research and carbon dioxide emissions was counter-cyclical during economic expansion and contraction periods. Fifth, the impact of positive shocks to green and sustainable technology research on carbon dioxide emissions was more than the impact of negative shocks to green and sustainable technology research on carbon dioxide emissions. KeywordsGreen technologies • Innovation in environmental-related technologies • Business cycles • Foreign direct investment • Gross domestic investment * Manzoor Ahmad

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“…Danish et al [18] concluded that adopting green energy sources in conventional energy sources and increase resource rents helpful to restore the beauty of natural resources by reducing ecological footprints. Khan et al [58] argued that optimum utilization of natural resources and green energy sources is helpful to improve environmental quality. In comparison, the increased use of non-renewable energy sources in economic production and an enormous increase in population growth hampers the environmental sustainability agenda.…”

Section: Discussionmentioning

confidence: 99%

Managing Natural Resources through Sustainable Environmental Actions: A Cross-Sectional Study of 138 Countries

et al. 2021

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Management of natural resources is pivotal for sustained economic growth—the increasing ecological footprints causing biocapacity deficit threaten the resource conversation agenda. The study identified the potential causes and consequences of natural resource depletion in a broad cross-section of 138 countries. Ecological footprints, international migrant stocks, industrial value-added, and population growth influenced natural resource capital across countries. The results show that ecological footprints, industrial value-added, and population growth are the detrimental factors of resource capital. In contrast, continued economic growth is helpful to conserve natural resources for future generations. The rise and fall in the natural resource degradation are evident in the wake of international migrants’ stocks to support an inverted U-shaped relationship between them. The Granger causality inferences confirmed the one-way linkages, running from international migrant stocks, economic growth, and population growth to natural resource degradation. It verifies migrants-led, affluence-led, and population-led resource degradation. Ecological footprints Granger causes industrial value-added across countries. The forecasting estimates suggested that economic growth would likely to influenced greater in magnitude to resource degradation by its innovation shocks of 4.791%, followed by international migrant stocks, population growth, ecological footprints, and industrial value added by their innovation shocks of 4.709%, 1.829%, 1.247%, and 0.700%, respectively. The study concludes that international migrant stocks should manage smartly, causing more resource degradation via a channel of increasing biocapacity deficit across countries.

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Role of financial development, environmental-related technologies, research and development, energy intensity, natural resource depletion, and temperature in sustainable environment in Canada

Cited by 131 publications

References 60 publications

Financial Development, Institutional Quality, and the Influence of Various Environmental Factors on Carbon Dioxide Emissions: Exploring the Nexus in China

Financial Development, Institutional Quality, and the Influence of Various Environmental Factors on Carbon Dioxide Emissions: Exploring the Nexus in China

The cyclical impact of green and sustainable technology research on carbon dioxide emissions in BRICS economies

Managing Natural Resources through Sustainable Environmental Actions: A Cross-Sectional Study of 138 Countries

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