An Ideology of Sustainability under Technological Revolution: Striving towards Sustainable Development

Self Cite

The present millennium records the most devastating effects of global warming than what was evident in the pre-industrial era. The pervasive effects of global warming have raised concerns about the sustainability of the present and future generations. Hence, researchers are working assiduously towards proffering the most effective method of halting the surging emissions from global, regional, and national angles. This study contributes to the extant literature by providing the first empirical verification of how renewable energy, technological innovations, trade openness, and transport services impact carbon emissions in Germany. The empirical evidence is anchored on annual time series data from 1990 to 2020 estimated using the novel nonlinear ARDL to explore the positive and negative shocks associated with the short and long-run nexus. The wavelet coherence estimator is equally for ascertaining the multiple time scales in the time series and extends the knowledge frontier to the literature. The following findings are eminent from the overall analyses. First, long-run cointegration is supported among the variables of interest Second, only the adverse effects of renewable energy and technology are substantial enough to mitigate carbon emissions. The trade-induced emissions are established with the positive impacts of trade openness on carbon emissions. Transport services contribute significantly to carbon emissions in the long-run and short-run periods. However, mitigating effects of small magnitude are apparent in the long-run due to the perceived transition to green transportation. Policy implications supporting the transition to 100% renewable energy and green transportation are significant steps towards achieving Germany's carbon neutrality target.

Section: Introductionmentioning

confidence: 99%

Investigating the asymmetric effects of renewable energy-carbon neutrality nexus: Can technological innovation, trade openness, and transport services deliver the target for Germany?

Ibrahim

Adebayo

Awosusi

et al. 2022

Self Cite

“…However, the reality of economic phenomenon reflects slope coefficients could vary due to differences in economic activities, political structure, and policy implementations across nations. 45,47 To assess the existence of either homogeneous or heterogeneous slope coefficients, this research employs the Pesaran and Yamagata's 48 test credited to Swamy, 49 which states thus: Giving that S H and A S H signify delta and adjusted delta tildes placed on the null hypothesis of homogeneous slope coefficients.…”

Section: Methodsmentioning

confidence: 99%

“…The need to avoid using spurious variables in empirical analysis justifies the choice of stationarity tests. 47 Besides, the existence of cross-sectional dependence, as reported in Table 2, suggests the inappropriateness of the first-generation unit root for stationarity tests. Consequently, the current study employs the cross-sectionally augmented IPS (CIPS) advanced by Pesaran.…”

Section: Estimation Proceduresmentioning

confidence: 99%

Tracking environmental sustainability pathways in Africa: Do natural resource dependence, renewable energy, and technological innovations amplify or reduce the pollution noises?

Shen

Ibrahim

Ajide

et al. 2022

The global economy is experiencing the most challenging era of climate change beyond what is evident in the pre-industrial age. Although Africa's share of global greenhouse gas (GHG) is minimal, the ensuing effects hit hard on the continent. Hence, the present study provides the first comprehensive empirical assessment of environmental sustainability in Africa within the novel STIRPAT framework. This study critically examines the impacts of natural resource dependence, renewable energy, urbanization, technological innovations, and structural transition on environmental pollution proxied by carbon emissions, ecological footprint, and PM2.5 air pollution from 1990 to 2019 in five top carbon-emitting African countries. The empirical evidence is based on advanced panel estimators comprising CS-ARDL, CCEMG, and AMG robust to cross-sectional dependence (CSD). The quantile regression efficient for exploring the conditional distribution effects is equally employed alongside Dumitrescu-Hurlin panel granger causality test. The preliminary tests reveal the presence of CSD and heterogeneity of the series, which led to the conduct of second-generation unit root and cointegration tests. The main empirical results show that renewable energy, technological innovations, and structural transition reduce environmental pollutants from surging based on the observable negative signs. By implication, these indicators support Africa's path to environmental sustainability. On the flip side, resource dependence and urbanization amplify the surge. The feedbacks from quantile regression provide sturdy support for the main estimators. The granger causality feedbacks support the existence of bidirectional and unidirectional causality among the variables. Based on the findings, policies that promote sustainable environment are formulated.

“…Results maintain that environmental quality is reduced by natural resource abundance while the increase in human development and renewable energy consumption improve environmental quality. For more reading on sustainable development through technological revolution, sustainability by determining the linkages between renewable energy source, transportation infrastructure and economic growth as well as sustainability through efficient use of energy, the prominent work include but not limited to [32][33][34] Little attention has been given to the socio-political determinants of ecological sustainability in the quantitative empirical literature that investigate the relationship between environmental sustainability and its determinants. The studies that explored the determinants of ecological footprint for the NEXT Eleven economies so far used non-political factors in their studies.…”

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Economic, social, and political determinants of environmental sustainability: Panel data evidence from NEXT eleven economies

Mughal

Wen

Zhang

et al. 2022

This paper aims to investigate the impact of social, economic, and political variables on per capita ecological footprint consumption in the NEXT Eleven economies over the period 1984- 2018. The study utilized the dynamic heterogeneous panel estimators of Cross-Sectionally Augmented Auto-regressive Distributive Lag (CS-ARDL) along with the estimator with a multifactor error structure. The study also estimated the cross-Sectionally augmented distributed lag (CS-DL) model while for robustness check the augmented mean group (AMG) and cross-Sectionally augmented error correction method (CS-ECM) is also considered. The study finding maintains that the impact of GDP per capita, multifaceted phenomena of financial development, and military expenditure is positive and significant suggesting that a unit increase in these variables deteriorates the environment in the NEXT Eleven economies. In contrast, higher life expectancy and government stability improve the environment in the long run. The findings of the study suggest that eco-friendly technologies to be used in the production process, as well as projects using outdated technologies, should be discouraged along with the assurance of government stability and reduction of military expenditure in the NEXT Eleven economies.