Does green growth in E-7 countries depend on economic policy uncertainty, institutional quality, and renewable energy? Evidence from quantile-based regression

Jiang, Yongzhong; Sharif, Arshian; Anwar, Ahsan; Cong, Phan The; Lelchumanan, Bawani; Yen, Vu Thi; Vinh, Nguyen Thi Thuy

doi:10.1016/j.gsf.2023.101652

Cited by 66 publications

(6 citation statements)

References 73 publications

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“…Moreover, the ASEAN region experiences a noteworthy increase in greenhouse gas emissions, reaching up to 52.6% (ln 4526), due to the significance of the GHGs variable. Also, Jiang et al 42 showed that institutional quality promotes the use of renewable energy and gross domestic product (GDP) has a positive impact on the environment. In addition, Liu et al 29 supported this finding by noting that CO2 emissions in emerging markets depend on the GDP growth rate, energy consumption and other macro variables.…”

Section: Resultsmentioning

confidence: 99%

“…This was achieved through public–private partnerships (PPP), as found by Ref. 27 , 42 using a quantile ARDL method. Regarding generation, it is anticipated that the region has to spend a percentage of its GDP in order to attain if they are to achieve the 23% of renewable installations, which translates to $27 billion yearly and $290 billion by 2025 9 , 13 .…”

Section: Literature Reviewmentioning

confidence: 99%

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Examining public private partnership investment in energy towards achieving sustainable development goal 7 for ASEAN region

Hossin,

Alemzero,

Abudu

et al. 2024

Sci Rep

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The gradual progress in aligning financial flows with the adoption of clean technologies reveals a persistent funding gap, signaling a global misallocation of capital. Addressing this challenge necessitates political leadership and robust policies to counteract the insecurities impeding the redirection of financial flows. This study investigates into the impact of energy-related public–private partnership investments (PPPIE) and macro-environmental variables on the attainment of Sustainable Development Goal 7 (SDG7) across Association of Southeast Asian Nations (ASEAN) member countries from 1999 to 2021. Employing the Dynamac command technique, we conduct autoregressive distribution lag analysis and the Bounds Cointegration Test to evaluate ASEAN’s efforts in achieving SDG7. Results indicate that a ten-year exogenous shock to the GDP growth rate initially causes a temporary decline in both GDP and PPPIE, albeit not statistically significant. However, in the long run, the shock becomes statistically significant, correlating with a negative decline in the GDP growth rate. This underscores the negative impact of external factors like the COVID-19 pandemic on the economic growth of ASEAN member countries. Specifically, a percentage increase in PPPIE leads to an 8.3% reduction in the GDP growth rate, revealing a detrimental and unsustainable impact on the economy. This signifies that energy investments in the ASEAN region, are predominantly unsustainable and adversely impact economic growth. Moreover, these energy investments contribute to a significant 52.6% increase in greenhouse gas emissions, indicating a substantial setback in the region’s progress towards meeting SDG7’s clean energy objectives by 2030. This suggests the present state of PPPIE does not align with sustainable clean energy goals of the region. Therefore, recommendations should include diversifying energy sources and investment strategies to enhance sustainable clean energy. Also, policymakers and researchers should reassess the terms and conditions of PPPIE, refining frameworks for private sector involvement to align with long-term economic sustainability goals.

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Section: Resultsmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Examining public private partnership investment in energy towards achieving sustainable development goal 7 for ASEAN region

Hossin,

Alemzero,

Abudu

et al. 2024

Sci Rep

View full text Add to dashboard Cite

show abstract

“…The main benefit of the CS-ARDL technique is that it achieves consistent statistics regardless of the integration order of the underlying variables by modeling the long-run implications in the equation and integrating the effects of unobserved components. Therefore, khan et al [ 58 ] implemented the CCE method of [ 95 ] in the context of board ARDL models, where the lag of the reliant on variables was treated as a weakly exogenic variable inside the fault alteration framework. By incorporating cross-section averages of the dependent and independent variables affected by these unobserved mutual shocks and the related insulated values of these variables, the CS-ARDL method corrects for the unobserved consequences of common shocks, expanding the conventional ARDL strategy.…”

Section: Section 3: Data and Modeling Approachmentioning

confidence: 99%

Exploring the impact of climate technology, financial inclusion and renewable energy on ecological footprint: Evidence from top polluted economies

Wang,

Ye,

Lin

et al. 2024

PLoS ONE

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Most South Asian countries’ economies have grown dramatically during the past few decades. However, in light of their environmental sustainability goals, the quality of such growth performances by South Asian nations is called into doubt by the concurrent degradation in environmental quality. Consequently, reducing the environmental challenges these nations encounter is prioritized on the agendas of the relevant authorities. This study aimed to analyze the effect of the top 11 most polluted countries’ levels of financial inclusion, technological innovation, consumption of renewable energy, and adoption of climate technology on environmental deterioration from 2000 to 2022. Therefore, this research aims to use cutting-edge panel data econometric techniques to investigate the factors contributing to high carbon footprints in the world’s most polluted nations. The results support an inverted U-shaped relationship between economic growth and carbon footprints, crediting the environmental Kuznets curve concept. In addition, it has been shown that TECH, REC, and CT can reduce carbon footprints in both the short and long term, while GDP and financial inclusion only affect carbon footprints in the long term. The results further endorsed the pollution haven hypothesis by showing that GDP positively affects carbon footprint. As a result, leading polluting economies need to strengthen their financial sectors, create green technology, migrate to renewable energy, and limit financial inclusion to improve environmental quality.

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“…However, economic growth increases CO 2 emissions, while urbanization is detrimental to environmental quality. Therefore, shifting policymakers' attention from conventional economic growth to green growth is a key determinant of green growth, in addition to ensuring political stability and reliable macroeconomic policies that can easily control or address unpredictable future economic problems [29,30].…”

Section: Prerequisites For Environmental Sustainability Toward Meetin...mentioning

confidence: 99%

Can Europe Reach Its Environmental Sustainability Targets by 2030? A Critical Mid-Term Assessment of the Implementation of the 2030 Agenda

Firoiu,

Ionescu,

Cismaș

et al. 2023

Sustainability

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The Sustainable Development Goals (SDGs) serve as a pivotal framework globally, addressing environmental concerns. The 2023 Agenda emphasizes the interconnectedness of environmental issues with socio-economic development, recognizing their fundamental role in human prosperity. This research critically evaluates the mid-term progress of EU Member States in achieving the 2030 Agenda’s environmental targets. Using Eurostat data for SDGs 6, 11, 12, 13, 14, and 15, we’ve analyzed trends via the AAA (Holt–Winters) exponential smoothing algorithm. Results highlight progress from 2015–2022 but signal concerns for 2030 targets in several Member States. These findings urge local, national, and EU stakeholders to intensify efforts toward environmental sustainability goals. Corrections are imperative, given the predicted negative trends, emphasizing the need for immediate action to rectify trajectories before it is too late.

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Does green growth in E-7 countries depend on economic policy uncertainty, institutional quality, and renewable energy? Evidence from quantile-based regression

Cited by 66 publications

References 73 publications

Examining public private partnership investment in energy towards achieving sustainable development goal 7 for ASEAN region

Examining public private partnership investment in energy towards achieving sustainable development goal 7 for ASEAN region

Exploring the impact of climate technology, financial inclusion and renewable energy on ecological footprint: Evidence from top polluted economies

Can Europe Reach Its Environmental Sustainability Targets by 2030? A Critical Mid-Term Assessment of the Implementation of the 2030 Agenda

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