| Title | Interlinking dynamics of natural resources, financial development, industrialization, and energy intensity: Implications for natural resources policy in emerging seven countries |
|---|---|
| ID_Doc | 33566 |
| Authors | Chen, KR; Qammar, R; Quddus, A; Lyu, N; Alnafrah, I |
| Title | Interlinking dynamics of natural resources, financial development, industrialization, and energy intensity: Implications for natural resources policy in emerging seven countries |
| Year | 2024 |
| Published | |
| Abstract | The study examines the intricate relationship between energy poverty, natural resources rents, energy intensity, financial development, and industrialization, with CO2 emissions in the E-7 countries from 1996 to 2021. This study utilizes a nonparametric econometric approach known as the method of moments quantile regression. The findings highlight significant associations among these variables. Higher energy poverty levels are linked to increased CO2 emissions, indicating a correlation between energy poverty and carbon emissions. Likewise, higher energy intensity, reflecting lower energy efficiency, contributes to greater carbon emissions. Furthermore, reliance on natural resources for economic development is positively associated with CO2 emissions, suggesting potential environmental deterioration. The financial development shows a positive association with CO2 emissions, suggesting that increased financial resources may lead to higher carbon emissions. However, this relationship diminishes at higher levels of financial development, indicating a potential decoupling of financial progress from carbon emissions. Industrialization and natural resources display a positive relationship with CO2 emissions, highlighting the contribution of industrialization to carbon emissions. Policymakers are urged to prioritize energy efficiency promotion, facilitate the transition to renewable energy sources, and encourage sustainable industrial practices. Integrating innovation activities that prioritize green technologies and sustainable development can effectively reduce CO2 emissions while supporting economic growth. These findings hold crucial implications for policymakers in the E-7 countries, emphasizing the need for sustainable development and environmental stewardship. Striking a balance between economic growth and environmental preservation is essential for a sustainable future in the E-7 countries. |
Similar Articles
| ID | Score | Article |
|---|---|---|
31000
|
Gu, XY; Baig, IA; Shoaib, M; Zhang, S Examining the natural resources-ecological degradation nexus: The role of energy innovation and human capital in BRICST nations(2024) | |
| 32447
|
Liza, FF; Ahmad, F; Wei, LL; Ahmed, K; Rauf, A Environmental technology development and renewable energy transition role toward carbon-neutrality goals in G20 countries(2024) | |
| 31166
|
Chen, YH; Zhou, Y; Raza, SA; Sarwar, S What we learn from nexus between greener growth and energy-related emissions: Sustainability perspective evidence in context of financial globalization(2024)Geological Journal, 59, 2 | |
| 31413
|
Wu, H; Fareed, Z; Wolanin, E; Rozkrut, D; Hajduk-Stelmachowicz, M Role of Green Financing and Eco-Innovation for Energy Efficiency in Developed Countries: Contextual Evidence for Pre- and Post-COVID-19 Era(2022) | |
| 31012
|
Chien, FS; Zhang, YQ; Lin, ZQ; Lin, YC; Sadiq, M An integrated perspective on fintech, green innovation and natural resource rent: Evidence from Asia(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) | |
| 31610
|
Lv, ZJ; Chen, L; Ali, SA; Muda, I; Alromaihi, A; Boltayev, JY Financial technologies, green technologies and natural resource nexus with sustainable development goals: Evidence from resource abundant economies using MMQR estimation(2024) | |
| 31643
|
Anu; Singh, AK; Raza, SA; Nakonieczny, J; Shahzad, U Role of financial inclusion, green innovation, and energy efficiency for environmental performance? Evidence from developed and emerging economies in the lens of sustainable development(2023) | |
| 33072
|
Tran, TK Financial Development and Environmental Quality: Differences in Renewable Energy Use and Economic Growth(2023)Polish Journal Of Environmental Studies, 32.0, 3 | |
| 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 |