Article
Environmental Sciences
Muhammad Sajid, Muhammad Akbar Ali Ansari, Arsalan Tanveer, Muhammad Faheem, Asim Waseem
Summary: Financial stability is crucial for economic growth, and it is positively associated with financial inclusion and institutional quality. Green growth, environmental sustainability, and renewable energy mechanisms are achieved through financial stability.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Environmental Studies
Syed Abdul Rehman Khan, Hafiz Muhammad Zia-Ul-Haq, Pablo Ponce, Laeeq Janjua
Summary: Over the last decade, Sub-Saharan Africa has experienced significant economic development as one of the key areas for energy resources and minerals in the global market. The countries in this region are actively working to meet emission objectives and reduce climate change through policy initiatives. This research examines the role of renewable and non-renewable energy sources, as well as economic factors, in determining environmental quality in 41 Sub-Saharan countries from 2004 to 2021. The findings suggest that renewable energy improves environmental quality, while fossil fuel consumption degrades it. Additionally, human capital, technologies, and digitalization contribute to carbon emissions. Policymakers should focus on minimizing future carbon emissions, promoting renewable sources, and raising public awareness for sustainable development.
Article
Environmental Sciences
Yuan Tian, Luxi Li
Summary: This research investigates the associations between financial inclusion, globalization and CO2 emissions of G20 nations, considering control variables. The findings show that globalization has a positive impact on carbon emissions, while corruption and economic growth have negative impacts. Renewable energy utilization has a positive impact on environmental quality. These findings are critical for achieving sustainable development and pollution control goals, and governments need to align financial inclusion with renewable energy consumption and environmental strategies.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Environmental Studies
Chen Yan, Muntasir Murshed, Ilhan Ozturk, Abu Bakkar Siddik, Wafa Ghardallou, Khurshid Khudoykulov
Summary: As the International Energy Agency predicts that developing countries will become pollution hubs in the future, designing decarbonization blueprints has become crucial for concerned governments. This study aims to identify factors that can help developing nations control their carbon dioxide emissions. It finds that using energy productively and increasing the share of renewable energy in national energy consumption profiles can reduce carbon emissions. Urbanization has a boosting impact on emissions, while the effects of financial development and international trade are inconclusive. The study also reveals different outcomes based on income group, with energy productivity only decarbonizing middle-income countries, and renewable energy adoption having a decarbonizing effect regardless of income group.
Article
Economics
Anu, Amit Kumar Singh, Syed Ali Raza, Joanna Nakonieczny, Umer Shahzad
Summary: In recent years, there has been a growing recognition of the importance of identifying the determinants of environmental performance. This study contributes to this debate by investigating the effects of financial inclusion, green innovation, and energy efficiency on ecological issues. Using annual data from 2000 to 2018 and employing the novel quantile regression method, the authors find that industrial growth and financial inclusion have a positive impact on ecological footprints. The study suggests the need for policymakers to implement appropriate measures to improve the financial system and promote the adoption of renewable and clean energies.
STRUCTURAL CHANGE AND ECONOMIC DYNAMICS
(2023)
Article
Environmental Sciences
Mehdi Ben Jebli, Abdelaziz Hakimi
Summary: The environmental situation is seriously degraded due to the spread of greenhouse gases. This study examines the impact of financial inclusion and renewable energy consumption on CO2 emissions, taking into account other factors. The results show that real GDP, renewable energy consumption, and technological advancement contribute to reducing CO2 emissions, while non-renewable energy consumption and financial inclusion contribute to increasing emissions levels.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Environmental Sciences
Yaning Zhu, Syeda Maria Zafar, Raufhon Salahodjaev
Summary: Education has a significant impact on economic development, and this study examines the effects of higher education on CO2 emissions in BRICS economies. The findings show that higher education has varying impacts on CO2 emissions, with a negative effect in China and positive effects in Russia, India, and South Africa. Financial inclusion also plays a role in CO2 emissions, with negative effects in China, Russia, and South Africa, and a positive effect in India.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Green & Sustainable Science & Technology
Samiha Khan, Muntasir Murshed, Ilhan Ozturk, Khurshid Khudoykulov
Summary: The economies and populations of the Next Eleven countries are expected to grow significantly in the coming decades, leading to increased energy demands. However, relying on traditional unclean energy resources can have adverse environmental consequences. Therefore, achieving environmental sustainability is crucial for these countries. This study explores the impact of improving energy efficiency, promoting renewable electricity production, and enhancing financial inclusivity on reducing carbon dioxide emissions in the Next Eleven countries. The findings suggest that energy efficiency improvement and a higher share of renewable electricity in total electricity production can mitigate carbon dioxide emissions in the long run, while financial inclusion, economic growth, and international trade are found to increase emissions. Additionally, the study reveals that energy efficiency and financial inclusion together have inhibiting effects on emissions, and this relationship is mediated and moderated by energy efficiency. These findings hold true when alternative estimation techniques and total greenhouse gas emissions are considered. The study recommends relevant policies related to environmental sustainability for the governments of the Next Eleven countries.
Article
Public, Environmental & Occupational Health
Waqar Ameer, Azka Amin, Helian Xu
Summary: Our study examines the impact of financialization on carbon emissions, particularly in China. By utilizing dynamic autoregressive distributed lag (ARDL) simulations, we find that institutional quality, trade, globalization, natural resources, and renewable energy consumption significantly decrease environmental pollution in the long run, while foreign direct investment and financialization have neutral effects on carbon emissions.
FRONTIERS IN PUBLIC HEALTH
(2022)
Article
Green & Sustainable Science & Technology
Ling Zhang, Hayot Berk Saydaliev, Xiaoyu Ma
Summary: This study evaluates the causes of green finance development in China between 1990 and 2020 using panel cointegration and causality model, and finds that green finance and financial inclusion are beneficial to global and more granular development. The growth of renewable energy sources also leads to an increase in trademark and private sector investment filings.
Article
Environmental Sciences
Azka Amin, Waqar Ameer, Hazrat Yousaf, Muhammad Akbar
Summary: This study investigates the impact of financial development, institutional quality, foreign direct investment, trade openness, urbanization, and renewable energy consumption on CO2 emissions. The empirical findings suggest that governance, trade, financial development, and renewable energy consumption have adverse effects on CO2 emissions, while urbanization and foreign direct investment contribute to environmental degradation. The study highlights the importance of aligning environmental and economic policies and promoting clean production strategies to reduce CO2 emissions and achieve environmental sustainability.
FRONTIERS IN ENVIRONMENTAL SCIENCE
(2022)
Article
Environmental Sciences
Jingchao Feng, Qing Sun, Sidra Sohail
Summary: Financial inclusion has a positive impact on renewable energy consumption and environmental quality in China, increasing renewable energy consumption and reducing CO2 emissions. Policymakers should utilize financial inclusion to redirect resources towards environmentally friendly consumption and production activities.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Green & Sustainable Science & Technology
Xuesen Cai, Changjing Wei
Summary: Financial inclusion is crucial for economic development, as it contributes to the growth of financial institutions and sectors in both developing and developed countries. This research examines the impact of financial inclusion on CO2 emissions in a sample of Belt and Road Initiative (BRI) countries from 2005 to 2018, using the CS-ARDL technique. The findings indicate that financial inclusion, financial development, FDI, trade openness, urbanization, and population have led to increased CO2 emissions in the region, while the use of renewable energy has shown a potential for reducing CO2 emissions. These findings highlight the importance of aligning financial inclusion goals with energy consumption patterns and environmental policies at the national and regional levels.
Article
Environmental Sciences
Usman Mehmood
Summary: Financial inclusion has a positive impact on carbon dioxide emissions, but needs to be integrated with environmental policies; Renewable energy helps reduce carbon emissions, while globalization and economic growth increase carbon emissions.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Environmental Sciences
Zhang Yu, Muhammad Umer Quddoos, Muhammad Hanif Akhtar, Muhammad Sajid Amin, Laeeq Razzak, Muhammad Tariq, Syed Abdul Rehman Khan
Summary: The levels of financial development, energy consumption, and trade volume significantly contribute to overcoming the death toll occurring due to CDs. Additionally, the level of trade in the economy is significantly associated with economic growth. Therefore, sound financial development combined with economic and environmental regulations could be strategically helpful to cope with CDs.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Environmental Sciences
A. Rehman, H. Ma, M. Ahmad, C. Isik, I Ozturk
Summary: Transportation has a significant impact on the atmosphere as the largest energy consumer, resulting in carbon dioxide emissions, environmental impacts, and global warming. This study examines the interrelationships between CO2 emissions from transportation, fuel utilization, industrialization, and economic progress in Pakistan. The findings suggest a positive correlation between CO2 emissions from transportation, liquid fuel usage, industrialization, fossil energy use, and economic growth, while solid fuel utilization and carbon emissions have a negative influence on economic progress. As a cross-cutting trend of sustainable development policy, greater attention should be paid to environmental issues in Pakistan.
INTERNATIONAL JOURNAL OF ENVIRONMENTAL SCIENCE AND TECHNOLOGY
(2023)
Article
Business, Finance
Abbas Ali Chandio, Yuansheng Jiang, Waqar Akram, Ilhan Ozturk, Abdul Rauf, Aamir Ali Mirani, Huaquan Zhang
Summary: A better understanding of the dynamics involved in grain production is critical for food security and poverty reduction. This paper analyzes the combined effects of factors such as R&D investment, agricultural credit, CO2 emissions, area under grain crops, and fertilizers on China's grain crops output. The findings provide insights and policy recommendations for improving grain production.
INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS
(2023)
Article
Development Studies
Zheng Guang-Wen, Muntasir Murshed, Abu Bakkar Siddik, Md Shabbir Alam, Daniel Balsalobre-Lorente, Haider Mahmood
Summary: This study assesses the interlinkages between economic growth, environmental pollution, financial development, and renewable energy use in light of the objectives of sustainable development goals (SDG). The findings reveal that these variables are influenced by each other in the long run, verifying the cross-linkages between the four SDG of concern.
SUSTAINABLE DEVELOPMENT
(2023)
Article
Green & Sustainable Science & Technology
Asif Razzaq, Arshian Sharif, Ilhan Ozturk, Sahar Afshan
Summary: This research examines the influence of energy transition and environmental governance on green growth in 37 IEA economies from 2010 to 2020. The study finds that when the energy transition index (ETI) is below the threshold of 0.485, it leads to lower green growth, but becomes significantly positive when it exceeds the threshold value. Environmental regulation also has a significant positive impact on green growth, especially when the regulation score is higher than 0.604. Therefore, inclusive and long-term policies for energy transition and governance are crucial for achieving the green growth agenda.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2023)
Article
Economics
Qiang Ma, Zeeshan Khan, Fuzhong Chen, Muntasir Murshed, Siqun Yang, Dervis Kirikkaleli
Summary: This study examines the impact of house price on money demand in China from 1988Q1 to 2017Q4. Various estimators are used to capture the long-run effect of house price index on money demand, considering interest rate, GDP, and inflation. The results show that house prices, along with other economic factors, are important in explaining the money demand in China. Additionally, wavelet power spectrum and continuous wavelet coherence approaches are employed to analyze the behavior and co-movement between money demand and house price index variables.
QUARTERLY REVIEW OF ECONOMICS AND FINANCE
(2023)
Article
Area Studies
Muhammad Azam, Farah Khan, Ilhan Ozturk, Sameena Noor, Lim Chia Yien, Muhammad Maladoh Bah
Summary: The aim of this study is to investigate the effects of renewable energy consumption along with some other regressors on human development in eight Asian countries from 1995 to 2018. The empirical estimates reveal that renewable energy usage, foreign remittances, and income have positive impacts on human development, while inflation rate and population growth have negative effects. These findings highlight the importance of investing in renewable energy and creating a supportive environment for its production to enhance human development.
JOURNAL OF ASIAN AND AFRICAN STUDIES
(2023)
Article
Multidisciplinary Sciences
Tomiwa Sunday Adebayo, Ilhan Ozturk, Mehmet Aga, Solomon Eghosa Uhunamure, Dervis Kirikkaleli, Karabo Shale
Summary: This paper examines the role of nuclear energy in promoting ecological sustainability in India, considering ecological footprint, CO2 emissions, and load capacity factor. It also analyzes the impact of gas consumption and other drivers on ecological sustainability, taking into account the 2008 global financial crisis. The results support the validity of both the Environmental Kuznets Curve and load capacity curve hypotheses, and highlight the positive contribution of nuclear energy and human capital to ecological quality.
SCIENTIFIC REPORTS
(2023)
Article
Economics
Daniel Balsalobre-Lorente, Avik Sinha, Muntasir Murshed
Summary: The dependence of the G7 countries on Russian fossil fuels has made them vulnerable to shocks in the Russian economy, such as the recent Russia-Ukraine Conflict. Understanding the impact of this conflict on the Oil and Gas markets of the G7 countries is essential for their sustainable energy future. This study aims to analyze the impact of the conflict on returns on Oil and Gas prices using quantitative methods.
Article
Environmental Studies
Nana Miao, Arshian Sharif, Ilhan Ozturk, Asif Razzaq
Summary: This study explores the importance of natural resources, fiscal policy, R&D spending, and ecological governance in driving green growth in G7 countries from 1990 to 2020. The results show that fiscal policy, R&D spending, and ecological governance have a positive impact on green growth, while natural resources have inhibitory effects. The positive influence of fiscal policy and ecological governance is higher at lower quantiles, while the inhibitory effects of natural resources are higher at lower quantiles. However, the negative impact of natural resources can be neutralized with the integration of ecological governance.
Article
Economics
Najia Saqib, Muhammad Usman, Ilhan Ozturk, Arshian Sharif
Summary: This study examines the impact of environmental technologies, financial growth, and energy use on ecological footprint and green growth. Environmental innovation and renewable energy deployment contribute to green growth, while financial expansion and non-renewable energy use have negative effects on the environment. The study also identifies causal relationships between different factors.
Article
Geosciences, Multidisciplinary
Najia Saqib, Shujaat Abbas, Ilhan Ozturk, Muntasir Murshed, Malgorzata Tarczynska-Luniewska, Mohammad Mahtab Alam, Waldemar Tarczynski
Summary: This study examines the impact of economic growth, financial development, eco-friendly ICT, renewable energy, and human capital on lowering carbon footprint in the world's top polluting economies from 1993 to 2020. The findings suggest that eco-friendly ICT has the potential to effectively alleviate pollution, and financial development, renewable energy, and environmental technology are proposed as potential solutions for reducing carbon emissions.
Article
Environmental Sciences
Najia Saqib, Haider Mahmood, Muntasir Murshed, Ivan A. Duran, Ismail Ben Douissa
Summary: This paper investigates the role of financial technology in promoting renewable energy and achieving sustainable development goals. The study finds a significant and varied impact of FinTech policies on renewable energy, highlighting a positive association and bidirectional causality between the two in leading FinTech economies.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Environmental Sciences
Chengqi Shi, Muntasir Murshed, Mohammad Mahtab Alam, Wafa Ghardallou, Daniel Balsalobre-Lorente, Kurshid Khudoykulov
Summary: Improving environmental conditions for global sustainability is crucial. This study finds that reducing financial and political risks, promoting clean energy consumption, and mitigating the impact of international trade can effectively reduce carbon footprints.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2023)