Role of renewable and non-renewable energy consumption in environmental quality and their subsequent effects on average temperature: an assessment of sustainable development goals in South Korea

Bukhari, Waqar Ali Ather; Pervaiz, Amber; Zafar, Mahwish; Sadiq, Muhammad; Bashir, Muhammad Farhan

doi:10.1007/s11356-023-30493-w

Cited by 17 publications

(3 citation statements)

References 71 publications

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“…We start our estimation process with a series of diagnostic and precautionary tests. To begin with the issue of multicollinearity, we have employed correlation matrix to diagnose the potential issue of multicollinearity among our modelled variables (Bukhari et al, 2023). The outcomes of correlation matrix are documented in table 1, which unveils that the issue of multicollinearity is not a serious concern in our data as the coefficient of correlation between explanatory variables does not exceed 0.85 (Ahmed et al, 2022).…”

Section: Correlation Matrixmentioning

confidence: 97%

Unveiling the Relationship between Voluntary Environmental Standards and Stock Market Performance: Empirical Insights from Textile Manufacturing Firms in Pakistan

Azaz Ali Ather Bukhari,

Naveed Hayat

2024

JEBV

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The primary objective of this study is to examine the impact of voluntary environmental standards, specifically EMS and eco-labels, on firms' stock market performance. To achieve this aim, fixed-effect regressions were applied using panel data from 96 textile firms listed on the Pakistan Stock Exchange between 2009 and 2022. Data were meticulously sourced from the State Bank of Pakistan (2022), annual reports of manufacturing firms, and their official websites. The findings of this study indicate a positive correlation between the adoption of EMS & eco-labels, and stock market performance among manufacturing firms in Pakistan. Similarly, eco-label also helps to promote sustainable business. Similarly, EMS is also important for EPS. It is also observed that firms having eco-label has significant impact on EPS. Eco-label helps to increase sale, profitability and stock market by ensuring the sustainable production, because, customer satisfaction and loyalty increases. By adopting VES, an industry can achieved increase in profit, reduce cost, improve environmental standards and, also, increase consumer confidence. The outcomes of the study signify the importance of managerial commitment to the adoption and implementation of voluntary environmental standards within these firms.

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Section: Correlation Matrixmentioning

confidence: 97%

Unveiling the Relationship between Voluntary Environmental Standards and Stock Market Performance: Empirical Insights from Textile Manufacturing Firms in Pakistan

Azaz Ali Ather Bukhari,

Naveed Hayat

2024

JEBV

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“…Encouraging individuals and businesses to adopt simple yet effective practices, such as turning off lights when not in use, unplugging electronics, carpooling, and telecommuting, can lead to substantial energy savings over time [24]. Additionally, sustainable energy consumption requires holistic planning and policy interventions at the governmental and institutional levels [25,26]. These include implementing regulatory frameworks, incentives, and subsidies to promote renewable energy deployment, investing in research and development of clean energy technologies, and integrating sustainability principles into urban planning and infrastructure development [27,28].…”

Section: Background Of Analysismentioning

confidence: 99%

Impact of Economic Awareness on Sustainable Energy Consumption: Results of Research in a Segment of Polish Households

Gajdzik,

Jaciow,

Hoffmann-Burdzińska

et al. 2024

Energies

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This manuscript explores the relationship between the economic awareness (as a part of energy awareness) of Polish households and their sustainable energy consumption practices. Sustainable consumption is measured by the frequency of behaviors such as turning off electrical devices when not in use, removing mobile device chargers from sockets, switching off lights when leaving a room, preferring showers over baths, using washing machines and dishwashers only when full, and purchasing energy-efficient appliances and light bulbs. Economic awareness is gauged through variables such as knowledge of electricity tariffs, understanding of electric bill components, awareness of electricity prices, exact knowledge of electricity expenses, electricity usage in kWh, knowledge of effective energy-saving methods, and familiarity with the energy efficiency classes of appliances and light bulbs. This study presents profiles of households with high and low economic awareness regarding their electricity expenditures and examines how these profiles differ in their sustainable energy consumption behaviors. This research is based on a survey of 1407 Polish households conducted online in 2023. Data collected from the survey were subjected to statistical analysis and are presented in tables and graphs. The findings are discussed in the context of the existing literature in the field, highlighting the implications of economic awareness on sustainable energy consumption practices. This research contributes to understanding how economic knowledge influences energy-saving behaviors among Polish households, providing insights for policymakers and energy conservation initiatives. One of the key findings of this paper is the significant association between economic awareness, energy-saving knowledge, and the adoption of sustainable energy consumption behaviors among Polish households. This study reveals that households with higher levels of economic awareness demonstrate a notably higher frequency of practices related to sustainable energy consumption compared to those with lower economic awareness. Similarly, households equipped with greater knowledge about energy-saving techniques exhibit a higher propensity to adopt energy-efficient behaviors. This underscores important roles of economic literacy and education in fostering behavioral changes towards more sustainable energy practices, highlighting the importance of targeted interventions and educational campaigns aimed at enhancing economic awareness and promoting energy-saving knowledge among consumers.

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“…Despite the fact that policy advocates are focusing on the most innovative nations, which are also at the top of the list in terms of income and resource consumption, the policies that are being proposed here are applicable to other high-income countries that are responsible for environmental degradation as a result of excessive consumption of natural resources (Fazal, 2020;Mohsin, Kamran, Nawaz, Hussain, & Dahri, 2021;Vishal et al, 2022). As per the studies by Bukhari, Pervaiz, Zafar, Sadiq, and Bashir (2023); Jena, Mujtaba, Joshi, Satrovic, and Adeleye (2022), advanced and developed nations are increasing their use of renewable energy sources, which resulted a decrease in the rate of environmental degradation. Degradation of the environment is one of the most important elements that contribute to health problems.…”

Section: Introductionmentioning

confidence: 99%

Capturing The Dynamics of Environmental Degradation and Economic Growth in Selected Developing Countries: Using Simultaneous Equation Approach

Rafiq,

Mazhar,

Munir

et al. 2024

Pak. J. Humanit. Soc. Sci

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The current study aims to investigate the dynamic nexus between environmental degradation and economic growth in selected developing countries. To analyze the impact of control of corruption as a measure of governance, FDI, renewable energy and urbanization on economic growth and carbon emissions, the simultaneous equation modeling is applied. A panel of 18 selected developing countries for the time period 1995-2022 is taken for empirical verification of the relationship. This study employs descriptive analysis and for diagnostic checking the normality of residual is also tested for the possibility of any model misspecification. Correlation matrix is used to check the degree of multicollinearity among the independent variables. The nature of study indicate the use of simultaneous equation model where economic growth and carbon emission, as a measure of environmental degradation are indigenous variables. The statistical package EVIEWS is used in estimation and obtaining results. In the long run estimation model of CE, URBAN and PG are positively correlated with CE, and GDP, REEC, COC are inversely related to CE in selected developing countries. In model of GDP, CE, FDI and COC are positively correlating with GDP and REEC and PG are negatively affecting the GDP.

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Role of renewable and non-renewable energy consumption in environmental quality and their subsequent effects on average temperature: an assessment of sustainable development goals in South Korea

Cited by 17 publications

References 71 publications

Unveiling the Relationship between Voluntary Environmental Standards and Stock Market Performance: Empirical Insights from Textile Manufacturing Firms in Pakistan

Unveiling the Relationship between Voluntary Environmental Standards and Stock Market Performance: Empirical Insights from Textile Manufacturing Firms in Pakistan

Impact of Economic Awareness on Sustainable Energy Consumption: Results of Research in a Segment of Polish Households

Capturing The Dynamics of Environmental Degradation and Economic Growth in Selected Developing Countries: Using Simultaneous Equation Approach

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