ICT, renewable energy, financial development, and CO2 emissions in developing countries of East and South Asia

Carbon reduction through renewable energy and digitalization in emerging economies: Moderating role of public debt

Utilizing renewable energy (RE) and embracing the digital economy (DIG) can significantly contribute to achieving economic, energy, and climate goals by promoting carbon reduction. In this regard, public debt (DEB) is particularly important since it provides the funds required to achieve these goals by investing in renewable energy and digital economy projects. This study examines the impact of public debt on the link between renewable energy and carbon emissions (CE), as well as the association between the digital economy and carbon emissions in emerging economies from 2003 to 2022. The study employed cross-sectional augmented autoregressive distributed lag (CS-ARDL) estimation to check the relationship between the variables. The findings of our study suggest that the integration of renewable energy sources and the growth of the digital economy have a positive impact on reducing carbon emissions. On the other hand, public debt has a positive effect on carbon emissions. In addition, the findings support the notion that interaction terms (RE × DEB) and (DIG × DEB) have a diminishing effect on carbon emissions. It can be concluded that the reduction of carbon emissions is contingent upon the utilization of public debt to promote the growth of renewable energy and the digital economy. Based on our study, it is recommended that emerging economies' needs focus on boosting renewable energy usage and digital economy initiatives. Additionally, it is necessary for these economies to maintain a sustainable level of debt.

Analyzing the effectiveness of energy aid for driving the transition towards energy decarbonization; Evidence from Asian developing countries

Environmental degradation poses a significant challenge in many developing countries, as they heavily rely on fossil fuels to drive economic activities. The transition towards renewable energy is crucial to mitigate ecological depletion, yet numerous Asian developing countries may struggle to achieve the desired levels of renewable energy adoption due to financial constraints. Foreign aid in the energy sector can expedite this transition process. This study aims to examine the impact of foreign aid on the energy decarbonization transition in 22 Asian developing countries from 2003 to 2022 to analyze its contributions and challenges to promote renewable energy adoption. This paper incorporates the two types of foreign aid in the energy sector (nonrenewable and renewable energy aid) provided by the OECD to developing economies. Utilizing the System-Generalized Method of Moments (Sys-GMM), the findings reveal that energy aid significantly contributes to the transition towards energy decarbonization by providing financial support for embracing renewable energy technologies. Specifically, the analysis indicates that a 1% increase in energy aid leads to approximately 3% enhancement in the decarbonization transition process. Moreover, this study adds to the existing body of knowledge by examining the mediating impact of human capital and financial development as well as the moderating effect of institutional quality and demand for clean fuel. These factors play a pivotal role in energy decarbonization transition by fostering financial development and enhancing human capital through capacity-building initiatives and facilitating the adoption of renewable energy technologies.

The crucial roles of ICT, renewable energy sources, industrialization, and institutional quality in achieving environmental sustainability in BRICS

The BRICS countries-Brazil, Russia, India, China, and South Africa-are committed to achieving United Nations Sustainable Development Goal 13, which focuses on mitigating climate change. To attain this goal, it is crucial to emphasize the significance of ICT, renewable energy sources, industrialization, and institutional quality. This study contributes to the literature by examining the potential role of these factors in environmental sustainability in the BRICS economies from 2000 to 2021, utilizing cross-sectional augmented autoregressive distributed lag (CS-ARDL) estimation and other novel econometric techniques. Accordingly, the study suggests that BRICS governments and policymakers prioritize the use of ICT in the industrial and institutional sectors to achieve faster environmental sustainability in the short-run, as per the CS-ARDL results. However, the study advises caution in the long-term as the interaction between ICT and renewable energy sources, industrialization, and institutional quality may not favour environmental quality. Although the renewable energy sources interaction with ICT may not yield immediate progress, strong measures need to be taken to ensure that short-term gains are not nullified. In conclusion, the study highlights the potential of ICT, renewable energy sources, industrialization, and institutional quality in achieving environmental sustainability in the BRICS countries, while recommending cautious measures in the long run to safeguard the progress made.

Does foreign direct investment influence carbon emission-related environmental problems? Contextual evidence from developing countries across Sub-Saharan Africa

Sub-Saharan African nations face multifaceted environmental problems, especially those associated with carbon discharges. Hence, this study calculates a composite carbon index in the context of 39 developing nations from this region and uses it as a proxy for the carbon emission-related environmental problems they have faced during the 2000-2020 period. This index is estimated by utilizing data regarding annual carbon dioxide discharges, output-based carbon productivity rates, and energy consumption-based carbon intensity levels in the concerned countries. Hence, policy takeaways from this study have critical relevance for the selected sub-Saharan African nations to help them achieve the objectives related to the Sustainable Development Goals agenda and the Paris Accord. Overall, the findings from the econometric analyses verify that more receipt of foreign direct investment initially raises but later on reduces environmental problems. Thus, the nexus concerning these variables depicts an inverse U-shape. Besides, the results endorse that greening the energy consumption structures of the sampled sub-Saharan African countries helps to abate their environmental problems in the long run while financial development aggravates the extent of environmental adversities that take place. Lastly, improving the quality of regulatory agencies enables the Sub-Saharan African nations to further mitigate their environmental problems. Moreover, these aforementioned findings are observed to be heterogeneous across low- and middle-income categories of the selected Sub-Saharan African countries. Furthermore, the heterogeneity of the findings is also confirmed by the outcomes derived from the country-specific analyses. Nevertheless, these nations should attract clean energy-embodying foreign direct investment, make their energy consumption structures greener by amplifying renewable energy adoption rates, introduce green funds to develop their financial sectors, and make their environmental regulatory agencies more transparent with their activities.

Does ICT influence carbon emissions in the context of universal connectivity: a global perspective?

The Connect 2030 initiative, launched by the International Telecommunication Union, is in alignment with the Sustainable Development Goals (SDGs) of the United Nations Agenda 2030. Its main objective is to achieve universal connectivity, a goal that is closely related to environmental issues. This topic currently receives attention from researchers and policymakers. Given these considerations, our study investigates the impact of information and communication technologies on carbon dioxide emissions for a panel of 84 countries spanning the years 2009 to 2020. Using principal component analysis, we construct an ICT index that encompasses international bandwidth, reflecting the universal connectivity, and participation in international data exchanges. The empirical analysis applies the pooled mean group-panel autoregressive distributive lag (PMG-ARDL) approach to estimate both the long-run and short-run coefficients of CO2 emissions' determinants. Our findings show that ICT and renewable energy mitigate CO2 emissions, unlike financial development, GDP, and non-renewable energy, which contribute significantly to emissions for the full sample. These outcomes suggest that promoting ICTs in general and international bandwidth in particular, as part of universal connectivity, improves the quality of the global environment.

Investigating the impact of ICT on transport-based CO2 emissions: empirical evidence from a quantile cointegration regression analysis

In the global initiative to leverage information and communication technologies (ICT) for reducing emissions, sub-Saharan Africa (SSA), a region of unique significance, has exhibited a delay in adopting ICT. This study aims to investigate the intricate relationship between ICT and carbon dioxide (CO2) emissions from transport in SSA. Employing the panel quantile autoregressive distributed lag (PQARDL) technique, the study analyzes panel data from 24 SSA nations spanning from 2000 to 2021. The results indicate that internet usage and fixed telephone subscriptions have a mitigating effect on CO2 emissions from transport across all quantiles in both the short and long run. However, mobile phone subscriptions contribute to CO2 emissions from transport across all quantiles. Additionally, the middle-income groups demonstrate negative relationships between ICT variables and emissions from transport, while the low-income group exhibits significant positive associations. These findings imply that ICT plays a pivotal role in mitigating transport-based emissions and reveal pronounced disparities in ICT adoption across various income groups within SSA, highlighting overarching underdevelopment in ICT infrastructure. Robustness checks employing a two-step system generalized method of moment (GMM) model reinforce our findings. The study provides policy recommendations, including the promotion of ICT infrastructure development, implementation of smart transportation solutions, and fostering public-private partnerships to address these challenges, shedding light on the path toward a greener and more sustainable transport ecosystem in SSA.

Study of the impact of digitization on the carbon emission intensity of agricultural production in China

The digital economy is an important engine for China's economic and social development, accelerating the development of agricultural digitization and promoting the integration of agricultural digitization. Low-carbon production is an inevitable trend in China's current economic development. The article takes 30 provinces (cities and districts) in China as research objects, constructing and measuring indicators of digitization level and carbon emission intensity of agricultural production from 2006 to 2018. It classifies agricultural production into planting and animal husbandry and uses a basic regression model to study their dynamic relationships. A mediating effect model is used to explore the specific mechanism path of the digital economy affecting carbon emission intensity, and a regional heterogeneity analysis is conducted. The study found that: (1) The level of digitalization can significantly reduce the carbon intensity of agricultural production; (2) Digitalization can reduce China's carbon intensity by promoting the level of agricultural technological inputs, the level of human capital and the urbanization rate. (3) There are regional and sectoral differences in the impact of digitization on the carbon intensity of agricultural production. The impact on the plantation sector is greater than that on the livestock sector, and the carbon reduction effect is slightly greater in the central and western regions than in the eastern regions.

New-Type Urbanization on pollution and carbon reduction impact mechanism and co-benefits analysis

How to simultaneously reduce environmental pollution and CO2 emissions is a challenging issue for various countries, particularly in China. Unlike traditional urbanization process that inevitably deteriorates environment, China initiated a New-Type Urbanization (NTU) strategy in 2014 following four principles: people-centeredness, optimal layout, ecological civilization, and cultural inheritance. Previous studies conduct research on NTU's influencing pollution and carbon reduction (PCR), respectively, while ignoring synergistic governance. The research objectives of this study are to investigate the potential mechanisms of NTU's influencing PCR and co-benefits for PCR. By leveraging 30 provincial-level data from China spanning 2005 to 2019, we comprehensively construct an index and assess NTU from six domains: population, economic, environmental, spatial, equitable, and social urbanizations and combine a coupling coordination model with a 2-way fixed effects model for empirical analysis. Our findings demonstrate that (1) NTU tends to significantly suppress pollution and carbon emissions, and this finding is reliable after several robustness tests and solving endogeneity with relief degree of land surface as an instrumental variable (IV). (2) The reducing effects seem to be achieved by promoting talent agglomeration, facilitating economic agglomeration and strengthening environmental regulations. (3) NTU tends to have both current and time-lag effects on pollution and carbon reduction, and their co-benefits are mainly influenced by the time-lag effect. Accordingly, policy recommendations are recommended: governments need to plan urbanization rationally, including strengthening public infrastructure and social welfare, pursuing the strategy of introducing talents, planning land and resource use rationally and efficiently, and strengthening environmental regulations. In addition, a mechanism should be developed to reduce pollution and carbon in an integrated manner for the long term. Our study broadens the horizons for international scholars engaged in sustainable urbanization research, enriching the array of research methodologies.

Democracy, information, and communication technology infrastructure and environmental quality

Environmental degradation is an urgent global concern. While previous studies acknowledge the substantial effects of both democracy and Information and Communication Technology (ICT) on environmental quality, their joint effects remain underexplored. Addressing this gap, our research investigates the individual and synergistic effects of democracy and ICT infrastructure on environmental quality. Utilizing the system generalized method of moments (GMM) estimator, we assess a panel dataset from 152 countries between 2003 and 2019. Our results indicate that both democracy and ICT infrastructure advancements substantially improve environmental quality. Furthermore, an enhanced ICT infrastructure augments the positive effects of democratic practices on the environment and vice versa. However, when ICT infrastructure is insufficient, the positive influence of democratic systems on the environment becomes negligible, and similarly, without a solid democratic foundation, the benefits of ICT infrastructure on environmental quality are diminished. This underscores a synergistic relationship between democracy and ICT in fostering sustainable environmental progress. Consequently, our study offers significant insights into the multifaceted interplay between democracy, ICT infrastructure, and the environment.

How do logistics and financial ındicators contribute to carbon emissions in Turkiye?

Increasing carbon emissions (CO2) due to factors such as energy consumption (enco), industrialization, increase in world population, and decrease in green areas with the industrial revolution is one of the main causes of both climate change and global warming. In this context, due to the increasing commercial activities in Turkiye, the rapid growth of energy consumption and greenhouse gas (GHG) emissions in the logistics sector alert the government. However, there is a lack of standard measures for evaluating GHG emissions generated from freight transport operations. To improve this situation, Turkiye's policymakers need to evaluate GHG emissions for energy saving and pollution reduction. This background leads us to examine the GHG emission trajectories and features of Turkiye's freight transport patterns in the last three decades. In this context, it is aimed to determine the impacts of financial development (findev), GDP per capita, energy consumption, and amount of freight carried by rail and road on CO2 emissions within the framework of 1990-2021 time-series data for Turkiye. By doing so, the ARDL bound testing cointegration test is employed and observes that independent variables have similar and different effects on CO2 emissions. Energy consumption, findev, and per capita income variables have a positive effect on CO2 emissions in Turkiye. According to these results, it is seen that the environmental Kuznets curve (EKC) is valid in Turkiye. However, the effect of rail and road freight transport (FT) on CO2 emissions is negative. The unexpected finding is related to road FT. The amount of freight transported by road has a decreasing effect on CO2 emissions in Turkiye. This paradoxical situation in Turkiye may be due to the developments in the transportation infrastructure, which has enabled the convergence of space and time in recent years, young and modern vehicle fleets, and the efficiency provided through logistics companies. The findings will assist in formulating specific and effective policies for Turkiye's transport sector.

The roles of renewable energy, globalization, population expansion and deliberative democracy on Sustainable Development in South Asia

South Asian region is extremely vulnerable to climate change which hampers its attainment of the sustainable development goals (SDGs). This study explores how sustainable development of South Asian nations is affected by the clean or renewable energy consumption, globalization, population growth and deliberative democracy. To tackle the effects of shocks within the cross-sectional units as well as to account for endogeneity, this study utilizes Common Correlated Effects Mean Group-Generalized Method of Moments (CCE-GMM) estimation technique proposed by Neal (2015). Common Correlated Effects Mean Group (CCE-MG) of Pesaran 2006 and Augmented Mean Group (AMG) by Eberhardt and Teal (2010) and Eberhardt and Bond (2009) techniques are also utilized as robustness checks. The empirical results reveal that the consumption of renewable or clean energy can significantly and positively affect sustainable development, implying that deploying clean energy technologies is helpful to achieve SDG agenda in South Asia. Population growth is found to be hampering sustainable development while deliberative democracy ensures this development. The impact of globalization on sustainable development was found to be negative yet insignificant. Bidirectional causal relationship was discovered between sustainable development and renewable energy, between population and sustainable development, between deliberative democracy and sustainable development and between deliberative democracy and globalization. Finally, the study provides policy directions to achieve sustainable development in South Asia via enhanced integration of renewable energy in the region's energy mix.

Role of information and communication technology, economic growth, financial development and renewable energy consumption towards the sustainable environment: Insights from ASEAN countries

The objective of this study is to examine the effect of information and communication technology, economic growth, renewable energy consumption, and financial development on carbon dioxide emissions in selected ASEAN countries. The PMG (Pooled Mean Group) estimator is used to panel data from 1991 to 2020 to examine both the short-run and long-run impacts. The findings indicate that ICT and financial development contribute to environmental deterioration, in the long run, their influence on CO2 emissions in the short run is insignificant. On the other hand, the use of renewable energy has a long- and short-term favorable impact on environmental quality. Furthermore, it is discovered that economic growth increases CO2 emissions, but squared economic growth reduces CO2 emissions, confirming the inverted U-shaped EKC theory. The Granger causality test indicates that renewable energy and CO2 emissions are bidirectionally causal, but information and communication technology and financial development are unidirectionally causal to CO2 emissions. According to the findings, the governments of these nations must reduce carbon emissions from internet usage and invest in renewable energy sources to control environmental deterioration.

Do financial development, financial stability and renewable energy disturb carbon emissions? Evidence from asia-pacific economic cooperation economics

The present paper investigates the influence of renewable energy consumption (REC), economic growth (GDP), financial development index (FDI), z-score (ZS) and control of corruption (CC) on carbon dioxide (CO2) emissions, for eighteen different APEC economies over the period 2000-2019 using the Pooled Mean Group-Autoregressive Distributed Lags (PMG-ARDL) approach and Granger causality tests. The outcomes of the empirical study confirm that the variables are cointegration using Pedroni tests. The long-run estimates revealed that economic growth and renewable energy contribute to the huge of carbon emissions, while financial development, ZS and CC lead to decrease carbon emissions. Granger causality shows that, in the long-run, there is bidirectional causality between CO2 emissions, economic growth, and financial development. In the short-run and for basic variables, Granger shows a unidirectional causality from CO2 emissions and economic growth to REC and; unidirectional causality from financial development, ZC and CC to CO2 emissions. A comprehensive approach is needed in APEC countries to effectively reduce CO2 emissions and promote sustainable development, including encouraging green financial products, reinforcing financial regulations, transitioning to a low-carbon economy, enhancing renewable energy usage, and improving governance and institutional quality, while considering the distinctive characteristics of each country.

Enabling financial development: linking innovation and CO2 emissions through equity and credit financing

Over the past decade, financial development has been a prominent debate for stakeholders and policymakers alike. Financial development are prerequisites for innovation and CO2 emissions, followed by the Paris Climate Summit (COP21). In the wake of the global economic recession, financial development continues to address CO2 emissions efforts. However, scant attention is paid to the role of financial development in innovation and CO2 emissions relationship, especially in the context of developing countries. The current study explores the relationship between innovation and CO2 emissions through moderating role of financial development, especially in the context of developing countries. Utilizing a dynamic panel threshold approach, the current study utilizes data from 26 countries between 1990 and 2014. Our findings reveal that innovation positively impacts the reduction of carbon emissions when the stock market value-to-private credit ratio is below 1.71, while an opposite effect is observed when the ratio exceeds this threshold. We believe that the findings broaden the debate on financial development in developing countries. The results revealed that developing countries should allocate their domestic resources to financial development and poverty reduction, rather than solely addressing environmental concerns. In addition, a more sustainable balance between innovation and CO2 emissions could benefit through financial development and the impact may be the result in terms of achieving sustainable development.

Do financial development and renewable energy shocks matter for environmental quality: evidence from top 10 emitting emissions countries

Creating a reliable energy supply, ecological quality, and economic development has become a global effort. Finance is at the center stage ecological transition to low-carbon emission. Against this backdrop, the present work analyses the impact of the financial sector on CO₂ emissions using data from the top 10 emitting emissions economies from 1990 to 2018. Using the novel method of moments quantile regression, the findings illustrate that renewable energy usage enhances ecological quality while economic growth lowers it. The results also affirm that financial development is positively linked with carbon emission in the top 10 emitting emissions economies. These results can be explained by the fact that financial development facilities offer low borrowing rates with less restrictions for environmental sustainability projects. The empirical findings of this study highlight the necessity for policies that boost the proportion of clean energy consumption in the top 10 polluting nations' overall energy mix to reduce carbon emissions. It follows that the financial sectors in these nations must invest in cutting-edge energy-efficient technology and clean, green, and environmentally friendly initiatives. This trend will increase productivity, improve energy efficiency, and reduce pollution.

Towards environmental degradation mitigation: The role of regulatory quality, technological innovation and government effectiveness in the CEMAC countries

The study explores the interaction between regulatory quality, economic growth, technological innovation, energy consumption, government spending on research and development, and environmental degradation (EVD) in the Economic and Monetary Community of Central Africa (CEMAC) region. The study applied the econometric approach CS-ARDL to estimate the short and long-term interaction between the regressors and the explanatory variable. The study period covers from 1990 to 2020. To summarize the findings of this research, (1) the study discovered a positive relationship between energy consumption, government effectiveness, regulatory quality, and environmental degradation. (2) Economic growth, government spending on research and development, and technological innovation, on the other hand, extensively dissipates EVD in the CEMAC economies. (3) The causality analysis espoused a bidirectional connection between energy consumption, technological innovation, and EVD. (4) Lastly, a unidirectional interplay exists between economic growth, government effectiveness, regulatory quality, and EVD. This study also serves as a reference point for policymakers and governmental institutions to invest in cleaner technologies and increase government research and development spending to mitigate environmental degradation in these areas.

Examining the nonlinear impact of human capital on environmental degradation in N-11 countries: an application of the PSTR approach

The emergence of globalization and human capital has played a crucial role in the economic integration of countries, leading to the growth of the economies and a reduction in carbon dioxide (CO₂) emissions. This study highlights the importance of investing in human capital development to control ecological degradation and promote sustainable economic growth. This paper employs the PSTR method to investigate the threshold impact of GDP, globalization, information communication technology, and energy consumption on CO₂ emissions. The study examines two regimes, with a single threshold to analyze the transition of human capital on these variables. The results reveal that human capital developments play a central role in controlling ecological degradation due to reduced CO₂ emissions. Based on the empirical findings, this research study offers corresponding policy suggestions.

Technological innovations, renewable energy, globalization, financial development, and carbon emissions: role of inward remittances for top ten remittances receiving countries

Asides from renewable energy consumption, technological innovation and remittances are mostly ignored as critical tools and resources that can be adopted to ameliorate environmental worries, even when remittances have more considerable resource inflow than official development aids. Based on this information, the current research investigates the implications of technological innovation, remittances, globalization, financial development, and renewable energy on CO₂ emissions in top remittances-receiving countries from 1990 to 2021. To obtain reliable estimates, we use a battery of advanced econometric techniques and method of moments quantile regression (MMQR) method. The AMG results suggest that innovation, remittances, renewable energy, and financial development alleviate CO₂ emanations, whereas globalization and economic growth worsen environmental sustainability by increasing CO₂ emissions. Besides, the MMQR results confirm that renewable energy, innovation, and remittances decrease CO₂ emissions across all quantiles. A bidirectional causality exists amid financial development and CO₂ emanations, and across remittances and CO₂ emissions. However, one-way causality flows from economic growth, renewable energy and innovation to CO₂. This study suggests some essential measures for ecological sustainability in light of the findings.

Ensuring environmental inclusion in developing countries: the role of macroeconomic policies

In every society, there exist disadvantaged groups who have failed constantly to take part in the development of the economy and reap the benefits of economic growth as well. Along with economic and social factors, environmental factors are also accountable in making inclusion a challenge for the marginalized group. Contaminated drinking water, inappropriate sanitation systems, and pollution are the factors that affect health and wellbeing of the poor class by affecting their productivity. Thus, the lack of a clean environment leads the poor section towards further poverty and income inequality. Since the 2030 Agenda for Sustainable Development emphasizes three components to achieve sustainable development, namely economic, social, and environmental, this study inspects the role of macroeconomic policies in ensuring an inclusive clean environment in developing countries. Moreover, it considers the composite effect of fiscal policy and monetary policy on environmental inclusion by including interactive terms. This investigation uses FE-2SLS on a panel of 51 developing countries for the period of 1995-2019 to analyse the impact of macroeconomic policies on environmental inclusion. The study provides empirical evidence that fiscal and monetary policy has the potential to ensure an inclusive clean environment in developing countries. The findings imply that the macroeconomic policy actions depend on each other. Furthermore, governments in developing regions are required to cut nondeveloping expenditures and use expansionary monetary policy to promote green growth.

Environmental effects of ICT diffusion, energy consumption, financial development, and globalization: panel evidence from SAARC economies

The rising energy demand for information and communication technology (ICT) devices has piqued the interest of scholars and policymakers. Given that ICT devices are ubiquitous, any attempt to mitigate climate change should address the carbon footprint of the ICT sector. The present study examines the direct impact of ICT on the environment and the indirect impact through interaction with energy consumption, financial development, and globalization in SAARC economies from 2000 to 2020. Using econometric approaches robust to cross-sectional dependence, such as the Driscoll-Kraay estimator and the Dumitrescu-Hurlin causality test, the study found that ICT, renewable energy consumption, and globalization significantly reduce CO₂ emission, whereas non-renewable energy consumption and financial development significantly increase emission. However, the interaction between financial development and ICT jointly reduces CO₂ emissions. Similarly, renewable energy and globalization reduce emissions from increased ICT usage. The study also confirms the validity of the environmental Kuznets curve hypothesis for ICT diffusion. The causality test indicates bidirectional causality between ICT and CO₂ emissions. Results suggest that SAARC economies can safely boost ICT and related applications to minimize emissions. They should also use renewable energy and green innovations in telecommunications to reduce their adverse environmental repercussions.

The Environmental Philips Curve from a gender perspective: empirical evidence from India

The trade-off between environmental degradation and unemployment has been recently termed as Environmental Philips Curve (EPC). This research attempts to investigate the presence of EPC in the Indian context utilizing time series data for the period 1990-2019. Besides contributing to the meagre empirical literature on this issue, the present study makes a novel contribution by introducing a gender dimension to this investigation. In particular, this study investigates whether the nexus between environmental degradation and unemployment is different for men and women. We examine the presence of the EPC by estimating a model that considers growth in CO₂ emission as a function of economic growth, trade openness, and gender segregated unemployment rates. Our findings based on autoregressive distributed lag, fully modified ordinary least squares, and dynamic ordinary least squares estimators generate robust evidence for a negative impact of male unemployment rate on growth in CO₂ emission that validates the existence of the Environmental Philips Curve for the male unemployment rate. However, there is no trade-off between environmental quality and women's employment. In fact, the results point to a favourable effect of reduction in female unemployment on environmental quality. The results of the Block Exogeneity test indicate a unidirectional causality from male unemployment rate to environmental degradation. However, a bidirectional causal relationship exists between female unemployment and environmental degradation. The existence of a trade-off between environmental quality and male employment suggests that India is yet to find viable technologies that can curtail pollution without compromising its livelihood. An optimistic conclusion emanating from our findings is the existence of a virtuous cycle between female employment and environmental quality. An integrated approach to improve environmental quality and increase women's economic activity may facilitate a speedy realization of sustainable development goals for India as both the goals complement and reinforce each other.

Green growth and environmental quality in top polluted economies: the evolving role of financial institutions and markets

An efficient financial system is crucial for the attainment of green growth and superior environmental quality. Therefore, our focus in this analysis is to estimate the effect of financial institutions and markets on green growth and environmental quality in highly polluted economies from 1991 to 2019. Estimates of the variables are collected with the help of the ARDL bounds testing approach. Findings of the ARDL model imply that a financial institution's efficiency helps improve green growth in the USA, China, and Japan in the long-run. However, the efficiency of the financial markets causes the green economy to grow in the long run in China and Russia only. On the other side, in the CO₂ model, the long-run estimated coefficients of a financial institution's efficiency are negatively significant in Japan and China only, implying that a financial institution's efficiency significantly reduces CO₂ emissions. Similarly, the long-run estimates of financial markets are significantly negative in the context of China and Japan only in CO₂ emissions.

Drivers of green growth in the Kingdom of Saudi Arabia: can financial development promote environmentally sustainable economic growth?

The Kingdom of Saudi Arabia has recently declared its vision of turning carbon neutral by 2060. This declaration has motivated policymakers in this Arab nation to design policies that can green economic activities in Saudi Arabia so that environmentally sustainable growth can be ensured. Against this backdrop, this study models the independent and joint effects of financial development, globalization, and energy efficiency rates on green growth of the Saudi Arabian economy. In this regard, green growth in the Kingdom of Saudi Arabia is proxied by the difference between the nation's annual per capita growth rates of gross domestic product and carbon dioxide emission. Utilizing data from 1972 to 2018 and controlling for structural break-induced problems found in the data, the findings from the regression and causality analyses confirm the green growth-inhibiting impacts of financial development and trade globalization. In contrast, greater financial globalization is evidenced to drive green growth in the Kingdom of Saudi Arabia. Furthermore, more efficient uses of energy resources are found to not only directly boost green growth but also partially neutralize the long-run green growth-dampening impacts associated with the development of the financial sector. In addition, financial development and trade globalization are observed to jointly inhibit green growth attainment both in the short and long run. In line with these important findings, it is recommended that the government of Saudi Arabia conceptualizes new green growth policies so that the nation's annual per capita economic growth rate outpaces its annual per capita growth rate of carbon dioxide emissions.

Human Capital, Trade Competitiveness and Environmental Efficiency Convergence Across Asia Pacific Countries

This study mainly investigates 14 Asia Pacific economies' environmental efficiency. Departing from previous studies ignoring environmental technology heterogeneity, we evaluate environmental efficiency through metafrontier super epsilon based model (EBM). We compare environmental efficiency convergence across different regions via unit root test and truncated regressions. We analyze how trade competitiveness impact environmental efficiency. We also explore effect of green technology and human capital on environmental efficiency from the perspective of endogenous growth. Our findings indicate that stochastic and absolute β-convergence tendencies were confirmed. Human capital can enhance environmental efficiency convergence. Trade competitiveness showed a mixed impact on environmental efficiency convergence, confirming scale, composition and technical effects. It is better to enhance human capital, strengthening environmental regulations under international competition as well as relentlessly pursuing green industrialization across Asia Pacific countries.

The effect of transport services and ICTs on carbon dioxide emissions in South Africa

The rising trend in carbon dioxide emissions has implications on economic livelihoods through global warming and climate change. Attaining lower carbon dioxide emissions is therefore crucial for the realization of the sustainable development goals. South Africa happens to be one of the leading countries in ICT and transport infrastructure in the sub-Saharan African region. Oppossing arguments on how ICT and tranport services affect carbon dioxide emissions exist. However, their effects on the rising trend in carbon emissions in the country has not received much empirical attention. The study analyses the role ICTs and the transportation sector play in the carbon dioxide emissions of South Africa. Regression analysis of data for the 1989-2018 period shows mobile adoption, internet usage, and telephone usage increases carbon dioxide emissions while transportation services in the country helps reduce carbon dioxide emissions. Income positively affects carbon dioxide emissions while urbanization has negative effects. Implications from the findings include the urgent need to have electricity that power ICT devices and equipment be generated from renewable and sustainable sources rather than from heavy polluting sources.

Investigating the Role of Information and Communication Technologies, Economic Growth, and Foreign Direct Investment in the Mitigation of Ecological Damages for Achieving Sustainable Development Goals

At the present time, information and communication technology (ICT) has played a vital role in socio-economic development such as economic growth, literacy, life expectancy, and employment levels in societies, however, such development has come with various environmental damages perspectives. This study scrutinizes the impact of ICT, economic growth, and foreign direct investment (FDI) on carbon dioxide (CO₂) emissions in the 44 One Belt and Road Initiative (OBRI) countries split into sub-region from 1991 to 2019. This study applied various econometrics approaches such as cross-sectional dependence, second-generation unit root, and Westerlund panel cointegration techniques are executed to analyze the panel data set. The full modified ordinary lease square and dynamic ordinary lease square estimators are applied to investigate the long-term influence of ICT development, GDP (economic growth), and FDI on CO₂ emissions. The empirical analysis was performed at a disaggregated level to assess the possible environmental influences across the OBRI countries. Overall, the results reported that broadband and mobile development have an adverse effect on CO₂ emissions. The finding further reveals that the broadband indicator negatively affects CO₂ emissions in all OBRI regions except South Asia. Similarly, the mobile use indicator protects the environmental quality in all OBRI regions except MENA (Middle East and North Africa) and Central Asia. Regarding country-wise analysis, broadband has alleviated the pollution level in 21 countries, while mobile has alleviated it in 15 countries. Moreover, economic growth is responsible to increase pollution levels in all panels and regions except Europe. Besides, the results highlight that higher FDI reduces environmental pollution whereby, the pollution halo hypothesis is supported to hold for all OBRI panels and regions except MENA countries. Based on the empirical findings, the policymakers and governments of these economies should design policies to grow smarter cities, transportation systems, electrical grids, industrial processes, and energy-saving production through ICT development on a macro level.

Globalization toward environmental sustainability and electricity consumption to environmental degradation: does EKC inverted U-shaped hypothesis exist between squared economic growth and CO2 emissions in top globalized economies

The study inspects the inverted U shape of the environmental Kuznets curve (EKC) hypothesis following the influence of economic growth on CO2 emissions and the reaction of electricity consumption and globalization toward CO2 emissions in top globalized economies. This study has taken the data of the top 9 globalized countries from 1990 to 2019 while adopting fully modified ordinary least squares and dynamic ordinary least squares panel cointegration approaches to determine the long run effects and Dumitrescu and Hurlin panel causality for the directions of the causality among the variables. According to the long-term findings of the research, economic growth and electricity consumption substantially contribute to CO2 secretions. On the other hand, the squared growth and globalization mitigate CO2 emissions and contribute to environmental sustainability. However, the inverse influence of squared growth on CO2 emissions shows the presence of the inverted U shape of the EKC hypothesis. Furthermore, Dumitrescu and Hurlin causality measures have shown the bi-directional causality of electricity consumption and economic growth with CO2 emissions and globalization with economic growth. At the same time, unidirectional causality exists from globalization to CO2 emissions, economic growth to electricity consumption, and electricity consumption to globalization. The study recommends long-term globalization and sustainable development projects to ensure environmental sustainability in these globalized economies.

Pathways to securing environmentally sustainable economic growth through efficient use of energy: a bootstrapped ARDL analysis

Oman has traditionally relied upon natural gas and oil for meeting its domestic energy demand. As a result, despite growing economically, the level of carbon dioxide emissions in Oman has persistently surged; consequently, the nation has failed to ensure environmentally sustainable economic growth. Against this background, this current study aims to explore the impacts of energy consumption, energy efficiency, and financial development on Oman's prospects of attaining environmentally sustainable growth over the 1972-2019 period. The estimation strategy is designed to take into account the structural break issues in the data. Using the carbon productivity level as an indicator of environmentally sustainable economic growth, we find long-run associations amid the study variables. Besides, higher energy consumption and greater financial development are found to impede carbon productivity while improving energy efficiency is observed to boost carbon productivity in Oman. Therefore, it is pertinent for Oman to consume low-carbon and energy-efficient fossil fuels, improve energy efficiency levels, and green its financial sector to achieve environmentally sustainable growth.