Exploring the relationship between carbon dioxide emissions, urbanisation and financial deepening for Turkey using the symmetric and asymmetric causality approaches

Do renewable energy consumption and financial development contribute to environmental quality in MINT nations? Implications for sustainable development

“…A strong financial system will enhance credit availability by enabling households and businesses to expand their consumption, income, and production-factors that ultimately encourage growth. Consumers and businesses may invest in green energy, energy-intensive technologies and R&D thanks to the financial sector's increased availability of financing, which improves ecological quality (Destek and Sarkodie, 2019;Faisal et al, 2021;Samour et al, 2022b). On the flip side, weak financial sector development could enable fraudulent business activities that direct loans toward operations that are harmful to the environment (Shahbaz et al, 2016;Cetin et al, 2021).…”

Does the depth of the Financial Markets matter for establishing Green Growth? Assessing Financial sector’s potency in decoupling Economic Growth and Environmental Pollution

“…Notably, the authors claimed that a rise in the depth of the financial sector triggers higher emissions of CO2 in the selected OECD nations. The environmental quality-degrading effect of financial deepening was also confirmed by Faisal et al (2021) in the context of Turkey. In contrast, for the cases of six members of the Gulf Cooperation Council (GCC), Saqib et al (2022) found statistical evidence that financial deepening exerts favorable environmental outcomes by inhibiting CO2 emissions in the long run.…”

Towards a sustainable future: The role of energy efficiency, renewable energy, and urbanization in limiting CO2 emissions in Sweden

“…Society has undergone fundamental shifts due to urbanization, which have led to economic growth, higher levels of economic output, and lasting advancements in culture and education. Moreover, half of the global total currently resides in cities, and that figure is growing (Faisal et al, 2021; Koengkan et al, 2020; Peiseler & Serrenho, 2022; Shahzad, Fareed, et al, 2021). The study by Zang et al (2023) for Malaysia on the urbanization‐emissions nexus using wavelet tools from 1970 to 2018 documented that the expansion in urban population exaggerates the damage to the environment.…”

“…Additionally, sustainable urban planning can help reduce energy consumption in buildings by promoting the adoption of energy-efficient technologies, like solar panels and green roofs, and encouraging the adoption of sustainable building materials, directly contributing to environmental quality and sustainable development (Faisal et al, 2021;Koengkan et al, 2020).…”

“…This not only reduces emissions from transportation but can also improve air quality, reduce traffic congestion, and promote healthier lifestyles (Ahmad et al, 2021; Akram et al, 2020). Additionally, sustainable urban planning can help reduce energy consumption in buildings by promoting the adoption of energy‐efficient technologies, like solar panels and green roofs, and encouraging the adoption of sustainable building materials, directly contributing to environmental quality and sustainable development (Faisal et al, 2021; Koengkan et al, 2020).…”