Impact of globalization, foreign direct investment, and energy consumption on CO2 emissions in Bangladesh: Does institutional quality matter?

Islam, Md. Monirul; Khan, Muhammad Imran; Tareque, Mohammad; Jehan, Noor; Dagar, Vishal

doi:10.1007/s11356-021-13441-4

Cited by 169 publications

(90 citation statements)

References 155 publications

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“…Our empirical evidence is further supported by Pata ( 2018a ), who found that energy consumption contributes to escalate environmental degradation in Turkey over the period 1974–2013. Aslan et al ( 2021 ) found similar results for 17 Mediterranean countries, Doğanlar et al ( 2021 ) for Turkey, Udeagha and Breitenbach ( 2021 ) for SADC countries, Hongxing et al ( 2021 ) for 81 BRI 8 economies, Hu et al ( 2021 ) for Guangdong, China, Udeagha and Ngepah ( 2021b ) for South Africa, and Islam et al ( 2021 ) for Bangladesh. Our findings, however, contradict those of Baloch et al ( 2021 ), who found that energy innovation lowers energy intensity and, as a result, CO 2 emissions in OECD nations.…”

Section: Empirical Results and Their Discussionmentioning

confidence: 81%

“…Meanwhile, the commitment of these and a few other nations is critical to reducing global CO 2 emissions. However, because energy usage is essential for economic growth and CO 2 emissions are linked to it, lowering CO 2 emissions would result in lower output, which would slow economic growth (Islam et al 2021 ). This circumstance makes it extremely difficult for these countries to commit to or follow through on programs that are explicitly meant to reduce global CO 2 emissions.…”

Section: Introductionmentioning

confidence: 99%

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Investigating the moderating role of economic policy uncertainty in environmental Kuznets curve for South Africa: Evidence from the novel dynamic ARDL simulations approach

Udeagha

Muchapondwa

2022

Environ Sci Pollut Res

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South Africa, one of the emerging markets and fast-developing economies in Sub-Saharan Africa recognised for varying world’s natural assets on the international market, has recorded significant economic growth in the previous several years. However, aside from the ecological repercussions of energy generation, how economic uncertainties moderate the effects of energy intensity, renewable and non-renewable energy usage, and economic complexity on the environment has largely gone unnoticed. As a result, this paper addresses an important empirical vacuum by exploring the moderating influence of economic policy uncertainty in the environmental Kuznets curve for South Africa from 1960 to 2020. Results from the novel dynamic autoregressive distributed lag simulations framework reveal the following key findings: (i) economic policy uncertainty accelerates environmental degradation in both the short and long run; (ii) economic growth (as measured by the scale effect) increases environmental degradation, whereas the square of economic growth (as measured by the technique effect) slows it down, confirming the presence of the environmental Kuznets curve (EKC) hypothesis; (iii) environmental quality is deteriorated by energy intensity, economic complexity, non-renewable energy usage, and trade openness; (iv) the use of renewable energy and technological innovation increase environmental quality; (v) whereas the moderating effects of economic policy uncertainty on the environmental impacts of energy intensity, renewable and non-renewable energy consumption result in an increase in environmental destruction, its moderating effect on environmental implication of economic complexity plays an important role in improving environmental quality. These findings permit us to draw important policy recommendations for South Africa for improving environmental quality.

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Section: Empirical Results and Their Discussionmentioning

confidence: 81%

Section: Introductionmentioning

confidence: 99%

Investigating the moderating role of economic policy uncertainty in environmental Kuznets curve for South Africa: Evidence from the novel dynamic ARDL simulations approach

Udeagha

Muchapondwa

2022

Environ Sci Pollut Res

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“…Hamilton and Kelly (2017) opt for a multi-sector reform, which is important for the whole climate change policy, while Sharma et al (2021b) suggested shaping a multipronged policy framework that allows to consider the need for complementarity between economic growth and environmental goals. Policymakers should promote cooperation with other countries and multinational corporations when introducing pro-environmental actions (Islam et al 2021) and global economies are recommended to strive for integrating policies for emission reduction with the ones related to economic growth (Rehman et al 2021). As summarized by Wiśniewski and Kistowski (2018), it is necessary to look at agriculture and rural areas more broadly when introducing low-carbon economy plans and strategies because agriculture (including forestry) has the potential to sequester carbon and reduce GHG emissions.…”

Section: Resultsmentioning

confidence: 99%

What drives low-carbon agriculture? The experience of farms from the Wielkopolska region in Poland

Borychowski

Grzelak

Popławski

2021

Environ Sci Pollut Res

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Because of global environmental problems, low-carbon agriculture has gained increasing importance both in developed and developing countries. Hence, there is a need to find ways to develop more efficient agricultural systems. The purpose of this article is to identify the drivers of low-carbon agriculture on farms in the Wielkopolska region (in Poland). We aimed to take an original approach to investigate low-carbon agriculture with a unique set of different economic and environmental variables and contribute to the literature, which is not very extensive in terms of microeconomic research, including research on farmers in the Wielkopolska region. Therefore, we employed a multiple-factor measurement model for structural equation modeling (SEM) of data collected individually from 120 farms in 2020. As a result, we formulated the following conclusions: the increasing productivity of factors (land, labor, and capital) have a positive effect on low-carbon farming, just as increasing fertilizer and energy efficiency. Moreover, thermal insulation is also important for low-carbon agriculture, with efficiency of fertilizer use being the most important factor. We believe that the issues of farm use of fertilizers and thermal insulation of buildings should be more broadly included in energy policy, both at the national and the European Union (EU) levels. Some of these factors however are already present in the common agricultural policy (CAP) for 2021–2027.

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“…The people who have primary education niether care about environmental pollutions nor even prefer to use modern eco-friendly technologies. The globalization has negative impact on carbon emissions (Islam et al, 2021;Sharif et al, 2020;Bu et al, 2016). It means that globalization is not harmful to environmental degradation in Pakistan.…”

Section: Figure 3 Dynamic Multiplier Effectsmentioning

confidence: 99%

Can Financial Development Help in Raising Sustainable Economic Growth and Reduce Environmental Pollution in Pakistan? Evidence from Non Linear ARDL Model

Amjad

Asghar

Rehman

2021

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It is a global challenge to reduce environmental pollution and enhance sustainable economic growth. This study explores the role of financial development as an instrument in reducing environmental pollution and enhancing sustainable economic development in Pakistan for the period 1980-2020. The Non-linear Autoregressive Distributed Lag (NARDL) econometrics technique has been utilized to find the association between environmental pollution, economic growth, and financial development. The results show that positive shocks of financial development increase economic growth and reduce environmental pollution. While the negative shocks of financial development increase both economic growth and environmental pollution. Globalization has negative impact on economic growth and the use of energy increases economic growth and environmental pollution. The study suggests that the State Bank of Pakistan and other financial institutions should formulate and implement soft loan policies to induce the private investors to use low carbon emission technologies.

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Impact of globalization, foreign direct investment, and energy consumption on CO2 emissions in Bangladesh: Does institutional quality matter?

Cited by 169 publications

References 155 publications

Investigating the moderating role of economic policy uncertainty in environmental Kuznets curve for South Africa: Evidence from the novel dynamic ARDL simulations approach

Investigating the moderating role of economic policy uncertainty in environmental Kuznets curve for South Africa: Evidence from the novel dynamic ARDL simulations approach

What drives low-carbon agriculture? The experience of farms from the Wielkopolska region in Poland

Can Financial Development Help in Raising Sustainable Economic Growth and Reduce Environmental Pollution in Pakistan? Evidence from Non Linear ARDL Model

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