Asymmetric impact of renewable energy consumption and technological innovation on environmental degradation: designing an SDG framework for developed economy

The influence of environmental diplomacy, economic determinants and renewable energy consumption on environmental degradation: Empirical evidence of G20 countries

This study examines how various environmental and economic variables contribute to environmental degradation. Industrialization, trade openness, and foreign direct investment are among the variables, as are environmental diplomacy, environmental diplomacy secure, and renewable energy consumption. Therefore, the data covers the years 1991-2020, and our sample includes all 19 countries and two groups (the European Union and the African Union). The research used the Pesaran CD test to determine cross-section dependency, CIPS and CADF test to determine stationarity, the Wald test for hetrodcedasasticity and the Wooldridge test for autocorrelation; therefore, VIF for multicollinearity, Durbin and Hausman to analyze the endogeneity. It also employed Westerlund's cointegration test to ensure cross-sectional dependence, Wald test for group-wise heteroscedasticity, Wooldridge test for autocorrelation, VIF for multicollinearity, and Durbin and Hausman for endogeneity. The two-step system generalized method of moments (GMM) is used to estimate the results and confirm the relationship between independent variables (Industrialization, trade openness, FDI, environmental diplomacy, secure environmental diplomacy, and renewable energy) and dependent variables (Environmental Degradation) in G20 countries. Therefore, Industrialization, trade openness, foreign direct investment, ecological diplomacy, and renewable energy consumption significantly impact ecological degradation. Environmental diplomacy is crucial to combat degradation and stimulate global collaboration. G20 nations enact strict environmental restrictions to tackle climate change and encourage economic growth.

The role of environmental diplomacy and economic factors on environmental degradation

In recent years, rising carbon dioxide (CO2) emissions and other negative environmental effects of human activity have raised concerns about the planet's future. Rapid industrialization, urbanization, and economic activity have shown a surge in CO2 emissions, contributing to global warming and climate change. The main purpose of this study is to examine the impact of such as gross domestic product, gross domestic product square, foreign direct investment, environmental diplomacy, environmental diplomacy security, and renewable energy consumption on environmental degradation. This study provides a new perspective on environmental diplomacy in OECD countries using panel data econometric methodologies from 1991 to 2020. It contributes to our understanding of the role of environmental and economic factors in reducing CO2 emissions. The panel data is also analyzed by CD, CIPS, FMOLS, DOLS, and PMG-ARDL tests. However, as per the findings of this research, all the factors significantly impact environmental degradation (Co2 emission). Finding data to either confirm or deny the efficacy of the Environmental Kuznets Curve theory within the framework of OECD countries is possible through this approach. This policy framework attempts to solve the issues at the connection of environmental diplomacy and economic concerns by emphasizing cooperation and sustainability and incorporating environmental considerations into economic decision-making processes in OECD countries.

Impact of waste management among Industry 4.0 and sustainable development

The study is aimed at investigating the impact of waste management in the context of Industry 4.0 and sustainable development. Data were collected from 257 production managers in the industrial sector using a survey questionnaire and analyzed using SPSS and PLS-SEM. The findings indicated that Industry 4.0 and waste management significantly contribute to achieving sustainable development. The integration of Industry 4.0 technologies and effective waste management practices can help organizations implement sustainable development goals. Practical implications include assisting organizations in implementing Industry 4.0 technologies and waste management strategies based on the 3Rs principle. This can lead to reduced environmental impacts and improved resource efficiency, contributing to sustainable development. Policymakers can also benefit from the study's insights to address waste management challenges and promote sustainable development. The study's originality lies in its incorporation of the cyber-physical system and niche theory to explore how Industry 4.0 can facilitate sustainable waste management. It highlights the transformative potential of Industry 4.0 in the industrial sector, particularly in developing countries. Overall, this research offers a unique contribution to understanding waste management within the context of Industry 4.0 and sustainable development.

An assessment of the strategies for the energy-critical elements necessary for the development of sustainable energy sources

There have been several strategies developed to increase the diversified supply of energy so that it can meet all of the future demands for energy. As a result, to ensure a healthy and sustainable energy future, it is imperative to warrant reliable and diverse energy supply sources if the "green energy economy" is to be realized. The purpose of developing and deploying clean energy technologies is to improve our overall energy security, reduce our carbon footprint, and ensure that the generation of energy is secure and reliable in the future, making sure that we can spur economic growth in the future. In this paper, advancements in alternative sources of energy sustainability and strategies will be examined to ensure there will be enough fuel to supply all the future demands for energy. Several emerging clean energy technologies rely heavily on the availability of materials that exhibit unique properties that are necessary for their development. This paper examines the roles that rare earth and other energy-critical materials play in securing a clean energy economy and the development of clean energy economies in general. For the development of these technologies to be successful and sustainable, a number of these energy-critical materials are at risk of becoming unavailable. This is due to their limited availability, disruptions in supply, and a lack of suitable resources for their development. An action plan focusing on producing energy-critical materials in energy-efficient ways is discussed as part of an initiative to advance the development of clean and sustainable energy.

In the era of globalization, can renewable energy and eco-innovation be viable for environmental sustainability in BRICS economies?

Although energy is a necessary component of production and hence a contaminant, the environmental effect varies depending on the type of energy used. Renewable sources of energy can provide ecological advantages, particularly when contrasted with fossil fuels, which emit high levels of CO2 emissions. Thus, the research explores the impact of eco-innovation (ECO), green energy (REC), and globalization (GLOB) on the ecological footprint (ECF) in the BRICS nations using the panel nonlinear autoregressive distributed lag (PNARDL) technique between 1990 and 2018. The empirical results indicate that there is cointegration in the model. The results from the PNARDL show that a positive shift in renewable energy, eco-innovation, and globalization decreases the ecological footprint, while positive (negative) shifts in non-renewable energy and economic growth intensify the ecological footprint. The paper suggests several policy recommendations based on these results.

Changes in environmental degradation parameters in Bangladesh: The role of net savings, natural resource depletion, technological innovation, and democracy

Most researchers consider CO₂ emissions to be the primary indicator of environmental degradation. Similarly, ecological footprint appears to be a significant proxy for environmental degradation in recent research due to its multifaceted impact on the natural environment. With this in mind, this study investigates fluctuations in CO₂ emissions and ecological footprint as indicators of environmental degradation in Bangladesh from 1980 to 2020, and how they are influenced by net savings, natural resource depletion, technological innovation, and democracy. The non-linear ARDL (NARDL)-based asymmetric analysis finds that positive changes in net savings, natural resource depletion, and democracy positively impact both parameters of environmental degradation in the long run. On the other hand, a positive change in technological innovation reduces these parameters in the long run. Likewise, negative changes in net savings and technological innovation reduce environmental degradation. In contrast, negative changes in natural resource depletion and democracy exacerbate these two parameters and degrade environmental quality in the long run. However, there are some variations in the short-run influence of the predictors on the predicted variable. Overall, the findings of this study suggest that policymakers must strategically exploit natural resources, net savings, technology diffusion, and democratic principles to preserve the natural environment in Bangladesh.