| Title | Examining the natural resources-ecological degradation nexus: The role of energy innovation and human capital in BRICST nations |
|---|---|
| ID_Doc | 31000 |
| Authors | Gu, XY; Baig, IA; Shoaib, M; Zhang, S |
| Title | Examining the natural resources-ecological degradation nexus: The role of energy innovation and human capital in BRICST nations |
| Year | 2024 |
| Published | |
| Abstract | The growing global consensus on addressing climate change and advancing environmental sustainability underscores the need for effective environmental and natural resource management frameworks to achieve ecological balance. This study contributes to ongoing policy discussions by examining the impact of green energy innovation, economic growth, human capital, and natural resources on ecological footprints in the BRICST economies from 1992 to 2020. The objective of this study is to assess the relationships between green energy innovation, economic growth, human capital, natural resources, and ecological footprints in the BRICST economies, providing insights into the factors influencing environmental sustainability. To achieve this objective, we employ various econometric methods, including the method of moments quantile regression, Fully Modified Ordinary Least Squares, Dynamic Ordinary Least Squares, and Fixed Effects Ordinary Least Squares. These methods allow us to analyze the impact of the selected variables on ecological footprints comprehensively. Our analysis reveals noteworthy findings. Firstly, green energy innovation has a positive influence on environmental sustainability, suggesting that investments in eco-friendly technology can lead to reduced ecological footprints. Conversely, we find that human capital, economic growth, and natural resources are associated with increased environmental challenges, indicating the need for careful management of these factors. Causality tests confirm the presence of a unidirectional causal relationship between ecological footprints to green energy innovation, economic growth, and natural resources. Additionally, we identify a unidirectional causal association between human capital to ecological footprints. We advise policymakers to encourage structural changes and the adoption of green energy technology in the production sector. These steps will help address environmental challenges and promote ecological sustainability in BRICST economies, in line with global climate change efforts. |
Similar Articles
| ID | Score | Article |
|---|---|---|
33566
|
Chen, KR; Qammar, R; Quddus, A; Lyu, N; Alnafrah, I Interlinking dynamics of natural resources, financial development, industrialization, and energy intensity: Implications for natural resources policy in emerging seven countries(2024) | |
| 30788
|
Javed, A; Rapposelli, A; Khan, F; Javed, A; Abid, N Do green technology innovation, environmental policy, and the transition to renewable energy matter in times of ecological crises? A step towards ecological sustainability(2024) | |
| 31997
|
Zhang, X; Hasan, MM; Waris, U Assessing the nexus between natural resources and government effectiveness: Role of green innovation in shaping environmental sustainability of BRICS nations(2024) | |
| 31704
|
Ozturk, I; Razzaq, A; Sharif, A; Yu, ZS Investigating the impact of environmental governance, green innovation, and renewable energy on trade-adjusted material footprint in G20 countries(2023) | |
| 32324
|
Liu, W; Waqas, M Green Innovation at the Crossroads of Financial Development, Resource Depletion, and Urbanization: Paving the Way to a Sustainable Future from the Perspective of an MM-QR Approach(2024)Sustainability, 16, 16 | |
| 31838
|
Sharif, A; Bashir, U; Mehmood, S; Cheong, CWH; Bashir, MF Exploring the impact of green technology, renewable energy and globalization towards environmental sustainability in the top ecological impacted countries(2024)Geoscience Frontiers, 15, 6 | |
| 35823
|
Zhang, JM; Yasin, I Greening the BRICS: How Green Innovation Mitigates Ecological Footprints in Energy-Hungry Economies(2024)Sustainability, 16, 10 | |
| 31106
|
Saqib, N; Usman, M; Ozturk, I; Sharif, A Harnessing the synergistic impacts of environmental innovations, financial development, green growth, and ecological footprint through the lens of SDGs policies for countries exhibiting high ecological footprints(2024) | |
| 32414
|
Han, YR; Javaid, MQ; Ali, MSE; Zada, M Revisiting the nexus between digital trade, green technological innovation, and environmental sustainability in BRICS economies(2024)Environmental Science And Pollution Research, 31, 6 | |
| 32464
|
Sibt-e-Ali, M; Xia, XQ; Javed, K; Javaid, MQ; Vasa, L Greening the future: assessing the influence of technological innovation, energy transition and financial globalization on ecological footprint in selected emerging countries(2024) |