Article
Environmental Studies
Huaying Yu, Wei Wei, Jinhe Li, Ying Li
Summary: The study demonstrates that digital finance plays a crucial role in the development of renewable energy projects and reduction of CO2 emissions, and provides practical policy recommendations.
Article
Green & Sustainable Science & Technology
Johanna Gisladottir, Sigurbjorg Sigurgeirsdottir, Kristin Vala Ragnarsdottir, Ingrid Stjernquist
Summary: This study aims to enhance understanding of factors undermining sustainable management of renewable resources by analyzing fisheries in Iceland, forestry in Romania, and arable soils in Ukraine. The research reveals that privatization and consolidation of companies in the early 1990s led to unsustainable management practices and increased perceptions of corruption risks across these sectors.
Article
Environmental Sciences
Franley Mngumi, Sun Shaorong, Faluk Shair, Muhammad Waqas
Summary: This study fills the research gap on the role of green finance in reducing CO2 emissions, and finds that the use of renewable energy and the development of green finance have contributed to the reduction of CO2 emissions in BRICS countries. On the other hand, CO2 emissions have hindered the growth of renewable energy use, investment flow to green projects, and the development of green finance. The study also suggests increasing the consumption of renewable energy and establishing a carbon trading market as recommendations for improving green finance policies.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Development Studies
Muhammad Anas, Wei Zhang, Satar Bakhsh, Liaqat Ali, Cem Isik, Jie Han, Xuemeng Liu, Hamad Ur Rehman, Amjad Ali, Min Huang
Summary: This study investigates the role of green finance and green technological innovation in environmental sustainability and finds that they have a positive impact, while resource depletion has a negative impact. The study recommends that emerging economies prioritize REDD+ initiatives and implement resource decoupling policies to achieve environmental sustainability.
SUSTAINABLE DEVELOPMENT
(2023)
Article
Environmental Studies
Jiaqi Xu, Jingfeng Zhao, Shengxiang She, Wen Liu
Summary: This study investigates the impact of green growth, green innovation, natural resources, and renewable energy on the economic performance of the BRICS economies. The results indicate heterogeneous effects of green growth on economic performance, with green innovation, renewable energy consumption, and natural resources being the prominent factors.
Article
Environmental Studies
Shaohui Zhang, Kenjie Chen
Summary: This study examines the impact of green finance on ecological footprints in China, as well as the roles of renewable electricity output, natural resources, economic growth, and research and development. The research confirms the long-term equilibrium relationship among variables using a time series cointegration approach. The findings suggest that economic growth and natural resources contribute to environmental pollution, while green finance, research and development expenditure, and renewable electricity significantly reduce ecological footprints and promote environmental sustainability. The Granger causality test reveals a bidirectional causal connection between most variables, excluding green finance. The results highlight the importance of increasing investment in green finance, research and development, and renewable electricity for ensuring ecological sustainability.
Article
Green & Sustainable Science & Technology
Li Dai, Yuyu Xiong
Summary: This study examines the impact of renewable energy and green finance on energy consumption in Asian economies, finding that this impact is unpredictable and asymmetrical. The study reveals that China, India, Pakistan, Bangladesh, Indonesia, and Russia have the greatest variation in green financing growth in Asia. However, the shortage of investments from corporate and public sectors in the energy market is identified as the major obstacle to the effectiveness of green energy.
Article
Environmental Studies
Muhammad Mohsin, Fouad Jamaani
Summary: This study examines the role of natural resources in influencing environmental sustainability and greenhouse gas emissions. It evaluates the impact of economic growth, natural resource use, green financing, and renewable/non-renewable energy on carbon emissions in ten Asian countries. The results show that renewable and non-renewable energy contribute to economic growth, but the effects of natural resources on economic development vary across countries. Additionally, renewable energy reduces carbon emissions, while fossil fuel use and economic growth increase carbon emissions. Policy recommendations include utilizing green energy sources and financing, improving the educational system, and manipulating the government system to promote economic development in the examined regions.
Article
Economics
Tianyu Li, Muhammad Umar, Nawazish Mirza, Xiao-Guang Yue
Summary: This research examines the impact of green finance and natural resource rents on environmental sustainability in the Next Eleven (N-11) countries. The findings indicate that green financing contributes to a significant reduction in carbon emissions, while natural resource rents have detrimental effects on environmental sustainability. Therefore, it is recommended to implement green strategies and policies to promote green financing investments and regulate natural resource extraction for achieving environmental sustainability.
ECONOMIC ANALYSIS AND POLICY
(2023)
Article
Geosciences, Multidisciplinary
Muhammad Usman, Daniel Balsalobre-Lorente, Atif Jahanger, Paiman Ahmad
Summary: This study investigates the influence of technological innovations, economic growth, renewable energy, natural resources, and human capital on greenhouse gas emissions in Mercosur countries from 1990 to 2018. The findings suggest that economic growth and natural resources significantly increase greenhouse gas emissions, while technological innovations, renewable energy, and human capital help to curtail them. It is recommended that Mercosur countries increase their technological innovation activities and human capital to promote sustainable development and lifestyle quality.
Article
Green & Sustainable Science & Technology
Gebing Sun, Guozhi Li, Azer Dilanchiev, Asli Kazimova
Summary: This study investigated the impact of green financing, renewable energy, and energy transition. By utilizing the NARDL method on data from 2000 to 2018, the study explored how China's environmental footprint changed due to developments in green expenditure, natural resource rent management, green technology innovation, and GDP growth. The findings suggest that natural resource rent hindered China's economic growth, supporting the resource curse theory, while economic policy uncertainty impeded the role of green financing in renewable energy and energy transition. Conversely, GDP and green technology innovation accelerated financial growth and mitigated the impact of natural resources. The results call for the implementation of short- and long-term corporate plans and policies, including sufficient utilization of natural resources, regional funding reallocation, and transitioning towards sustainable technology.
Article
Environmental Studies
Tianwei Huang, Lei Yang, Yufei Liu, Haibing Liu
Summary: This study used provincial data from 1995 to 2017 and employed novel panel methods to investigate the impact of various factors on economic performance in China. The findings suggest that both local fiscal expenditures and technological innovation contribute positively to economic performance. The study also reveals that the Dutch disease phenomena does not exist for China, indicating that the country's natural resources have further improved its economic performance. Additionally, the importance of green finance and foreign direct investment in achieving sustainable development goals is emphasized.
Article
Environmental Studies
Yang Liu, Jianda Wang, Kangyin Dong, Farhad Taghizadeh-Hesary
Summary: This study constructs an econometric model to explore the impact of natural resource abundance (NRA) on green total factor productivity (GTFP) based on a balanced panel dataset of 149 countries from 2001 to 2019. The main findings are: (1) NRA inhibits the increase of GTFP, verifying the resource curse hypothesis; (2) the inhibitory effect of NRA on GTFP is greater in regions with higher green productivity than in other regions; (3) green finance can effectively mitigate the inhibitory effect of NRA on GTFP. The results of this paper provide valuable reference suggestions for relevant policymakers.
Article
Environmental Studies
Hong Wu
Summary: This study examines the impact of renewable energy investment and investment in different resources of renewable energy on the economic performance of OECD economics. The results indicate that renewable energy investment resources and green finance have a significant and positive effect on the economic performance of selected economies.
Article
Environmental Sciences
Shuyang Chen, Gang Xie
Summary: The growth of green finance, which involves the interaction of the economy, environment, and finance sector, relies on factors such as educational spending, technological advancement, and the impact of GDP per capita and health expenditure. University scientists play a crucial role in raising awareness about environmental problems and leading the development of interdisciplinary solutions. This research examines the effects of various factors on the growth of renewable energy in G7 economies.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Green & Sustainable Science & Technology
Tomiwa Sunday Adebayo, Seun Damola Oladipupo, Husam Rjoub, Dervis Kirikkaleli, Ibrahim Adeshola
Summary: The study finds that structural change can improve environmental quality in Turkey and has a nonlinear impact on CO2 emissions. However, Turkey's current economic progress trajectory is unsustainable due to its reliance on fossil fuel-based energy consumption. The government should encourage investment in the service sector to maintain environmental sustainability.
ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY
(2023)
Article
Environmental Studies
Andrew Adewale Alola, Festus Victor Bekun, Tomiwa Sunday Adebayo, Gizem Uzuner
Summary: This study employs nonlinear ARDL and frequency domain causality methods to investigate the contributions and mitigating effects of energy sources and economic progress on China's cement carbon emissions. The findings suggest that economic growth, energy from fossil fuels, and primary energy consumption all contribute to emissions, while renewable energy has a decreasing effect on emissions.
ENERGY & ENVIRONMENT
(2023)
Article
Environmental Studies
Seyi Saint Akadiri, Tomiwa Sunday Adebayo, Obioma Chinenyenwa Asuzu, Ijeoma Christina Onuogu, Izuchukwu Oji-Okoro
Summary: This study examines the impact of economic complexity, nonrenewable energy, and renewable energy consumption on the ecological footprint in China. The results show that renewable energy, non-renewable energy use, economic growth, and economic complexity have a positive effect on the ecological footprint. In addition, these factors can significantly predict variations in the ecological footprint at different quantiles. It suggests that policymakers should focus on promoting the transition to more eco-friendly energy sources and technologies to achieve sustainable development goals.
ENERGY & ENVIRONMENT
(2023)
Article
Economics
Michael Appiah, Bright Akwasi Gyamfi, Tomiwa Sunday Adebayo, Festus Victor Bekun
Summary: This study examines the effects of financial development, economic growth, and foreign direct investment on industrial growth in selected Sub-Saharan African countries. The findings suggest that financial development and economic growth have a positive impact on industrial development, while foreign direct investment has a negative impact. Furthermore, the study reveals a bidirectional causality between industrialization and financial development, and a unidirectional causality between foreign direct investment and economic growth with industrialization. This highlights the importance of creating a favorable environment for public-private partnerships to drive industrial development.
PORTUGUESE ECONOMIC JOURNAL
(2023)
Article
Development Studies
Andrew Adewale Alola, Tomiwa Sunday Adebayo
Summary: This study examines the impact of raw material productivity, export intensification, and environmental-related technologies on the carbon neutrality target in the Nordic region. The findings suggest that positive shifts in environmental-related technologies have a greater impact on reducing greenhouse gas emissions, while a positive shift in raw material productivity and a negative shift in export intensity also contribute to a decline in emissions. These results provide valuable policy guidance.
SUSTAINABLE DEVELOPMENT
(2023)
Article
Development Studies
Muhammad Ramzan, Ummara Razi, Muhammad Umer Quddoos, Tomiwa Sunday Adebayo
Summary: This study investigates the impact of green innovation and financial globalization on environmental sustainability and energy transition in the UK. The results show that green innovation and financial globalization have a unidirectional causality towards environmental sustainability and energy transition.
SUSTAINABLE DEVELOPMENT
(2023)
Article
Thermodynamics
Chen Wang, Syed Ali Raza, Tomiwa Sunday Adebayo, Sun Yi, Muhammad Ibrahim Shah
Summary: This study examines the role of nuclear energy, hydro, and biomass energy in China's overall ecological footprint and finds strong causal linkages between clean energy and ecological footprint. However, the predictive power of clean energies is insignificant at the upper quantiles of its distribution. The study highlights the importance of deploying clean energy sources quickly to avoid negative effects after the peak of ecological footprint.
Article
Environmental Sciences
Tomiwa Sunday Adebayo, Mehmet Aga, Mustafa Tevfik Kartal
Summary: This study examines the relationship between carbon dioxide (CO2) emissions, economic growth, and energy consumption in the BRICS countries using quarterly data from 1990 to 2019. The findings indicate a strong positive relationship between CO2 emissions and economic growth. Additionally, coal energy consumption shows a strong positive relationship with CO2 emissions in all BRICS countries, while natural gas and oil energy consumption also exhibit a positive relationship in most countries. Renewable energy consumption, particularly hydro and geothermal, has a weaker positive relationship with CO2 emissions. Based on these results, policy implications for the BRICS countries are discussed.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Geosciences, Multidisciplinary
Tomiwa Sunday Adebayo
Summary: Challenges brought on by rapid economic growth in China include the depletion of natural resources and environmental deterioration. This study evaluates the time-frequency nexus between CO2 emissions, natural resources, coal consumption, and economic growth using data from 1970 to 2020. The findings show that economic growth, coal consumption, and natural resources positively drive CO2 emissions at all frequencies, leading to environmental degradation. This study has significant implications for policy-making.
GEOLOGICAL JOURNAL
(2023)
Article
Green & Sustainable Science & Technology
Tomiwa Sunday Adebayo, Ahmed Samour
Summary: This paper examines the impact of fiscal policy on load capacity factor in BRICS nations from 1990 to 2018. The study utilizes co-integration test, second-generation unit root tests, and the panel nonlinear autoregressive distributed lag (PNARDL) method. The findings reveal that economic expansion and nonrenewable energy contribute to environmental deterioration, while increased renewable energy promotes environmental sustainability. Moreover, positive shocks in taxation revenue improve environmental quality, while positive (negative) shocks in government expenditure decrease it.
ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY
(2023)
Article
Environmental Studies
Tomiwa Sunday Adebayo, Haktan Sevinc, Demet Eroglu Sevinc, Opeoluwa Seun Ojekemi, Dervis Kirikkaleli
Summary: The relationship between ecological footprint and trade openness in Mexico, Indonesia, Nigeria, and Turkey (MINT) nations was evaluated using time series and panel analysis from 1961 to 2018. The study found that there is a significant co-movement between ecological footprint and trade openness in the short and medium term, with trade openness driving ecological footprint positively. This relationship was observed in all four nations and was strengthened by multiple and partial wavelet coherence techniques.
ENERGY & ENVIRONMENT
(2023)
Article
Green & Sustainable Science & Technology
Samira Shayanmehr, Riza Radmehr, Ernest Baba Ali, Elvis Kwame Ofori, Tomiwa Sunday Adebayo, Bright Akwasi Gyamfi
Summary: The recent COP27 has prompted nations to develop effective policy tools for environmental sustainability. This empirical study investigates the impact of ecological sustainability policy on ecological footprint (EFP) in the top renewable energy consuming countries from 1994 to 2018. The results show that environmental tax and renewable energy contribute significantly to reducing EFP, especially in countries with high levels of environmental pollution. The findings also highlight the important role of environmental tax in promoting a shift towards environmentally friendly energy sources, while economic globalization and human capital have a negative impact on EFP.
INTERNATIONAL JOURNAL OF SUSTAINABLE DEVELOPMENT AND WORLD ECOLOGY
(2023)
Article
Green & Sustainable Science & Technology
Muhammad Ramzan, Kashif Raza Abbasi, Hafiz Arslan Iqbal, Tomiwa Sunday Adebayo
Summary: Environmental taxes play a role in correcting pricing errors by considering pollution and other environmental costs. However, it underestimates the government's potential in promoting efficient energy sources, which is crucial for environmental neutrality.
Article
Green & Sustainable Science & Technology
Yanwei Wang, Tomiwa Sunday Adebayo, Fengyi Ai, Abdul Quddus, Muhammad Umar, Zilola Shamansurova
Summary: This study investigates the interplay between renewable energy, political risk, financial risk, and CO2 emissions in Finland from 1990 to 2021. The results show that energy efficiency and low financial and political risks contribute to CO2 emission reduction, providing a basis for formulating a policy framework aimed at achieving sustainable development goals in Finland.
JOURNAL OF CLEANER PRODUCTION
(2023)
Article
Environmental Studies
Ugur Korkut Pata, Rundong Luo, Mustafa Tevfik Kartal, Tomiwa Sunday Adebayo, Sami Ullah
Summary: This study assessed the role of renewable energy, trade globalization, and technological innovations in predicting environmental quality in China. The findings revealed that technology is the most significant predictor of carbon emissions, while the ecological footprint is highly driven by renewable energy. The Chinese government should increase investments in technology and renewable energy to achieve sustainable development.
ENERGY & ENVIRONMENT
(2023)
