Sustainable economic activities, climate change, and carbon risk: an international evidence

Abstract

The employment of renewable resources and their association with the real economy’s growth in mitigating the problem of carbon emission risk has been debated in the literature in a specific group of countries and regions. However, their relations and effects for a better sustainable energy transmission would need further research works in an international context. Motivated by that reason, this study contributes to the ongoing literature by revisiting the effects of renewable energy consumption, electricity output, and economic activities on carbon risk using a global sample of 219 countries over the period of 1990–2020. Using GMM estimation, simultaneous quantile, and panel quantile estimations; the study finds supportive findings showing that the higher the countries with renewable energy consumption and electricity output the better the capacity those countries can mitigate the environmental degradation by reducing the amount of total carbon emission over time. However, those relations are changed when using system GMM approaches, implying the role of FDI inflows and the difference in income groups in the selected sample countries. This can be intuitively explained that emerging countries might give more priority to the economic growth receiving FDI inflows from more advanced economies and balancing the trade-off between economic growth and environmental protection, while the developed economies with their advantages in green technologies and financial flexibility might have higher advantages in acquiring a sustainable transition and maintaining the real economy’s growth without significant trade-off concerns. Finally, the study provides important policy implications and avenues for further research.

Factors Affecting Farmers’ Adoption of Drought Hazard Coping Strategies in the Context of Climate Change: Evidence from Drought Prone-Areas of Punjab-Pakistan

“…Income is considered the significant risk mitigation source to contest drought risk which induces farmers to purchase and use more risk-coping technologies for harvesting rainwater strategy as such empirical outcomes are alike to the research work of Rehima et al, (2013), Adhikari et al, (2018) and Salmoral et al, (2020). Positive and significant estimates of land ownership indicated as farmers having their land more willing to adopt of rainwater harvesting strategy as the coping measure of drought risk rather than tenant farmers as such findings are consistent with the research work of Kukkonen and Pott (2019) and Khan et al, (2022).…”

How are FDI and green recovery related in Southeast Asian economies?

“…Zhou and Zao ( 2021 ) provided empirical evidence of enhancing green economic growth by increasing FDI (pollution halo). In a similar study, Khan et al ( 2021 ) found that FDI inflows can lead to an acceleration of green economic growth, but this depends on transparent and relevant policies and regulations related to FDI and green growth progress. Demiral and Demiral ( 2021 ) employed a multidimensional approach to study the stimulators of green growth.…”

Fitness Culture and Green Space Equity: Accessibility Evaluation of Shanghai Communities

“…A unified spatial coordinate system is used to calibrate the data to ensure that all data are compatible. Urban economic data are also supplemented by reference to environmental economic studies (Islam et al, 2021;Khan et al, 2021;Zhang et al, 2021;Godil et al, 2022;Rehman et al, 2022). The spatial point data of all green parks in Shanghai and the descriptive text of relevant parks were crawled at the same time, and we screened out the parks with fitness facilities in the description by searching.…”