Ecological footprints jeopardy for mineral resource extraction: Efficient use of energy, financial development and insurance services to conserve natural resources

Nassani, Abdelmohsen A.; Aldakhil, Abdullah Mohammed; Zaman, Khalid

doi:10.1016/j.resourpol.2021.102271

Cited by 91 publications

(32 citation statements)

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“…A clean atmosphere is a key part of the global healthcare sustainability agenda [4,5]. The world must use renewable energy sources to achieve carbon neutrality [6][7][8]. The share of global wind and solar electricity production increased from 0.35% in 1990 to 9.90% in 2020.…”

Section: Introductionmentioning

confidence: 99%

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Assessing Hybrid Solar-Wind Potential for Industrial Decarbonization Strategies: Global Shift to Green Development

et al. 2021

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The global energy mix is shifting from fossil fuels to combinations of multiple energy storage and generation types. Hybrid energy system advancements provide opportunities for developing and deploying innovative green technology solutions that can further reduce emissions and achieve net-zero emissions by 2050. This study examined the impact of an increasing share of wind and solar electricity production on reducing carbon intensity by controlling coal and lignite domestic consumption and the production of refined oil products in a world aggregated data panel. Data covering the last three decades were used for the analysis by the ARDL bounds testing approach. The results showed that an increasing share of wind and solar electricity production would be helpful to decrease carbon intensity in the short and long term. On the other hand, a 1% increase in coal and domestic lignite consumption increased carbon intensity by 0.343% in the short run and 0.174% in the long run. The production of refined oil products decreases carbon intensity by 0.510% in the short run and 0.700% in the long run. However, refining oil products is associated with positive and negative environmental externalities. The positive aspect depends upon the removal of harmful pollutants and the production of cleaner-burning fuels, while the negative part is related to the operational side of refineries and processing plants that may release contaminants into the atmosphere, affecting global air and water quality. Hence, it is crucial to improve processing and refining capacity to produce better-refined oil products by using renewable fuels in energy production. It is proposed that these are the most cost-effective pathways to achieve industrial decarbonization.

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Section: Introductionmentioning

confidence: 99%

“…The share of global wind and solar electricity production increased from 0.35% in 1990 to 9.90% in 2020. However, use renewable energy sources to achieve carbon neutrality [6][7][8]. The share of global wind and solar electricity production increased from 0.35% in 1990 to 9.90% in 2020.…”

Section: Introductionmentioning

confidence: 99%

Assessing Hybrid Solar-Wind Potential for Industrial Decarbonization Strategies: Global Shift to Green Development

et al. 2021

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“…The results are in line with the earlier studies backed by resource conservation policies. For instance, Nassani et al [19] argued that an increasing ecological footprint hampers resource conservation agenda to overuse resource extractions. The need to attain energy efficiency in extractive industries is helpful to mitigate adverse environmental externalities backed up by the green financing instruments and provision of insurance services.…”

Section: Discussionmentioning

confidence: 99%

Managing Natural Resources through Sustainable Environmental Actions: A Cross-Sectional Study of 138 Countries

et al. 2021

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Management of natural resources is pivotal for sustained economic growth—the increasing ecological footprints causing biocapacity deficit threaten the resource conversation agenda. The study identified the potential causes and consequences of natural resource depletion in a broad cross-section of 138 countries. Ecological footprints, international migrant stocks, industrial value-added, and population growth influenced natural resource capital across countries. The results show that ecological footprints, industrial value-added, and population growth are the detrimental factors of resource capital. In contrast, continued economic growth is helpful to conserve natural resources for future generations. The rise and fall in the natural resource degradation are evident in the wake of international migrants’ stocks to support an inverted U-shaped relationship between them. The Granger causality inferences confirmed the one-way linkages, running from international migrant stocks, economic growth, and population growth to natural resource degradation. It verifies migrants-led, affluence-led, and population-led resource degradation. Ecological footprints Granger causes industrial value-added across countries. The forecasting estimates suggested that economic growth would likely to influenced greater in magnitude to resource degradation by its innovation shocks of 4.791%, followed by international migrant stocks, population growth, ecological footprints, and industrial value added by their innovation shocks of 4.709%, 1.829%, 1.247%, and 0.700%, respectively. The study concludes that international migrant stocks should manage smartly, causing more resource degradation via a channel of increasing biocapacity deficit across countries.

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“…However, a comprehensive assessment of the farm production process is to do what is required to enhance energy use efficiency of crop inputs and develop innovative techniques for sustainable development (Rezvani Moghaddam et al, 2011;Asgharipour et al, 2012;Mondani et al, 2017). Efficient use of energy resources will decrease environmental pollution to save natural resources (Owusu and Asumadu-Sarkodie, 2016;Odhiambo et al, 2020;Nassani et al, 2021;Shittu et al, 2021). Increasing the usage of renewable energy resources (Sarkar and Seo, 2021) and monitoring energy efficiency in supply allocation of agricultural production system could make a valuable contribution towards sustainable energy development targets (Gielen et al, 2019;Kumar and Majid, 2020).…”

Section: Introductionmentioning

confidence: 99%

Analysis of Energy Input–Output of Farms and Assessment of Greenhouse Gas Emissions: A Case Study of Cotton Growers

Abbas

Zhao

Waseem

et al. 2022

Front. Environ. Sci.

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The concept of agricultural and environmental sustainability refers to minimizing the degradation of natural resources while increasing crop productions; assessment of inflow and outflow energy resources is helpful in highlighting the resilience of the system and maintaining its productivity. In this regard, the current study evaluated the amount of energy input–output of cotton productions and their environmental interventions. Data are randomly collected from 400 cotton farmers through face-to-face interview. Results suggested that the major energy is consumed by three culprits, i.e., chemical fertilizer, diesel fuel, and irrigation water (11,532.60, 11,121.54, and 4,531.97 MJ ha−1, respectively). Total greenhouse gas (GHG) emission is 1,106.12 kg CO2eq ha−1 with the main share coming from diesel fuel, machinery, and irrigation water. Stimulating data of energies, e.g., energy use efficiency (1.53), specific energy (7.69 MJ kg−1), energy productivity (0.13 kg MJ−1), and net energy gained (16,409.77 MJ ha−1). Further analysis using data envelopment analysis (DEA) showed that low technical efficiency, i.e., 69.02%, is the most probable cause of poor energy use efficiency. The impermanent trend in growth of energy efficiency has been witnessed with plausible potential of energy savings from 4,048.012 to 16,194.77 MJ ha−1 and a reduction of 148.96–595.96 kg CO2eq ha−1 in GHG emission. Cobb–Douglas production function is further applied to discover the associations of energy input to output, which inferred that chemical fertilizer, diesel fuel, machinery, and biocides have significant effect on cotton yield. The marginal physical productivity (MPP) values obliged that the additional use in energy (1 MJ) from fuel (diesel), biocides, and machinery can enhance cotton yield at the rate of 0.35, 1.52, and 0.45 kg ha−1, respectively. Energy saving best links with energy sharing data, i.e., 55.66% (direct), 44.34% (indirect), 21.05% (renewable), and 78.95% (nonrenewable), further unveiled the high usage of nonrenewable energy resources (fossil fuels) that ultimately contributes to high emissions of GHGs. We hope that these findings could help in the management of energy budget that we believe will reduce the high emissions of GHGs.

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Ecological footprints jeopardy for mineral resource extraction: Efficient use of energy, financial development and insurance services to conserve natural resources

Cited by 91 publications

References 91 publications

Assessing Hybrid Solar-Wind Potential for Industrial Decarbonization Strategies: Global Shift to Green Development

Assessing Hybrid Solar-Wind Potential for Industrial Decarbonization Strategies: Global Shift to Green Development

Managing Natural Resources through Sustainable Environmental Actions: A Cross-Sectional Study of 138 Countries

Analysis of Energy Input–Output of Farms and Assessment of Greenhouse Gas Emissions: A Case Study of Cotton Growers

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