Energy consumption, economic growth, and environmental sustainability challenges for Belt and Road countries: a fresh insight from “Chinese Going Global Strategy”

Abstract

The present study investigated impact of energy and economy related variables on CO2 emissions in countries of belt and road initiative from 1995-2018. The robust type of crosssection dependence and heterogeneity methods were adopted to analyze data set of countries.Energy consumption, foreign direct investment, medium and high-tech industry, and GDP has been found highly unfavorable for the ecological health (CO2 emissions) in 49 nations on BRI panel. However, renewable energy consumption has been found in positive correlation with environmental quality (CO2). Financial development indicator has no significant impact on CO2 emissions in present study. The present outcomes clearly claim strong relationship of economic growth and energy with increased CO2 emissions in 49 nations. Therefore, it is important for policy makers, experts and governments to incentivize and appreciate portfolio investors for sustainable green investments to transform the economic growth into a sustainable and energy efficient development.

Environmental dynamics: unraveling the nexus of air pollution, population agglomeration, and sustainable economic development in China: a provincial-level empirical analysis

“…Huang uses panel data analysis techniques to analyze data from 2001 to 2019 from a panel of 19 developed and developing countries that highlight the interplay between economic growth, foreign investment, and environmental policies (Huang et al, 2023). Jalil investigates the impact of energy and economic-related variables on 49 countries of the Belt and Road Initiative from 1995-2018, suggesting that policymakers, experts, and governments must incentivize and applaud portfolio investors to make sustainable green investments that translate economic growth into sustainable and energy-efficient development (Jalil et al, 2021). Nepal reached similar conclusions by examining aspects of India's foreign economic cooperation (Nepal et al, 2021).…”

How Can China and the Belt and Road Initiative Countries Work Together Responding to Climate Change: A Perspective on Carbon Emissions and Economic Spillover Effects

“…In this context, the issue of carbon emissions has received widespread attention from various countries. Trade can promote economic growth and generate embodied carbon emissions [ 8 , 9 , 10 , 11 , 12 , 13 ]. This paper aims to address the issue of the cooperation between China and BRI countries to tackle climate change, from the perspective of trade-related economic and carbon emission spillover effects.…”