Financial impact of energy efficiency and energy policies aimed at power sector reforms: mediating role of financing in the power sector

Sustainable development is guided by three pillars: the economy, society and the environment. Social consequences on health are shaped by economic systems and social structures, which are integrated with the larger environment and affect the global allocation of energy resources. This is the first research of its kind to examine the social and economic effects of environmental degradation changes while considering cross‐sectional dependency. This article examines the effect of natural resource management policies and socioeconomic development on Asia's ecological footprint from 1995 to 2020, considering natural resources, population growth and industrial development. Our research shows that changes in the natural resources and ecological footprint have improved economic conditions and social outcomes, including human progress and income distribution. Two different outcomes of recent natural resource management are improved operational efficiency and decreased environmental degradation. Our findings hold up even considering other possible model specifications considering the interaction impacts of power sector changes. The findings reveal a favourable correlation between ecological footprint and natural net financial accounts, natural resources and GDP growth. Long‐term environmental sustainability is a byproduct of a flourishing society and economy.

Section: Resultssupporting

confidence: 81%

“…(2021) and Liu, Khan, et al (2022) indicating that in the United States., an additional year of schooling can reduce the dying probability in the upcoming 10 years by 3.6%, and in the male population of Sweden innovation has no impact on total health expenditures in high-income Asian countries.…”

Section: Pmg-ardl Long-run Resultsmentioning

confidence: 99%

RETRACTED: Socio‐economic impact of natural resource management: How environmental degradation affects the quality of life

Jiang

Liu

et al. 2023

“…PHH is yet another important theory connected to environmental degradation that has received much research. According to this theory, wealthy countries increase the severity of their pollution and relocate their polluting industries to developing countries (Liu, Khan, et al, 2022). PHH has been the subject of several investigations in numerous nations and areas.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

RETRACTED: Joint impact of technological innovation and energy consumption on natural resource management: Evidence from the Asian developing region

2023

The region's natural resources have been significantly depleted due to the accelerating speed of technological development and rising energy demand. Investigating the connection between these variables and how they affect natural resource management is vital. The combined effects of energy consumption and technological innovation on the management of natural resources in the growing Asian area are examined in this research. The research uses the panel and ARDL models to analyse the data gathered from emerging Asian nations between 2000 and 2020 to achieve this goal. The panel model enables the analysis of the individual and collective impacts of energy use and technological advancement on managing natural resources. The long‐term link between these factors is investigated using the ARDL model. The findings show that the management of natural resources is significantly impacted by both technical innovation and energy use. The panel model's findings indicate that although energy consumption has a detrimental influence on natural resource management, technological innovation has a favourable impact. Additionally, the outcomes of the ARDL model demonstrate that these factors have a long‐term association. The research also reveals that technological innovation's impact on managing natural resources becomes increasingly apparent with time. The study's main finding is that effective natural resource management requires politicians in the growing Asian area to implement sustainable development methods that encourage technological innovation and cut energy use.

“…Asia‐specific empirical data demonstrate that financial inclusion and development may certainly support sustainable natural resource management. For instance, research by Liu et al (2021) found that smallholder farmers in Nepal adopted sustainable land management methods at a much higher rate when they had access to loans (Liu, Khan, et al, 2022). Research indicated that having access to microfinance services encouraged rural Indian families to invest in clean energy technology.…”

Section: Introductionmentioning

confidence: 99%

RETRACTED: Financial development, financial inclusion and natural resource management for sustainable development: Empirical evidence from Asia

2023

A nation's economy relies heavily on the interplay of the nexus between the financial sector and the income generated by its natural resources. The key reasons for doing this research are the recent advancement and significant rise in the academic literature about the resource‐finance nexus. This study aims to assess the impact of financial development, financial inclusion and natural resources development on environmental sustainability in Asia's presence of renewable sources and foreign direct investment from 2000 to 2020. We used the Cross‐section dependency and second‐generation unit root tests to fix the data. Panel threshold model findings, the significant research model, reveal that green innovation significantly affects environmental sustainability and is an efficient method for lowering pollution levels. The strong correlation between financial growth and environmental sustainability further underscores the importance of financial development in resolving environmental concerns. Granger causality demonstrates the strong long‐run influence of financial growth and natural resources management on environmental sustainability in leading countries. The robustness of the GMM test ensures the validity of the research conclusions. This research is useful because it informs policymakers and other interested parties about the significance of green innovation and financial development in reducing environmental consequences while emphasizing the relevance of energy choices in achieving long‐term environmental goals.