Mediating role of finance amidst resource and energy policies in carbon control: A sustainable development study of Saudi Arabia

Role of Green Factors and Peace Factors Towards Environmental Footprint in Saudi Arabia: Multi Estimations Approach

“…The release of greenhouse gases (GHGs) due to economic activities is one of the biggest risks to the global environment. Increased growth of industrialization and economic activities in developing nations have fueled the rampant consumption of fossil fuels as an energy source (Shi et al, 2023). Saudi Arabia is one of the biggest suppliers of crude oil, and the income generated from fuel exports in uences the country's economic growth (Cui et al, 2023;Murshed, 2022).…”

“…It is now well-recognized that attaining growth and keeping it upward, in the long run, are serious challenges on a global scale (Shi et al, 2023). The Paris Agreement's objectives for combating environmental degradation impacts underscore the need to address environmental issues to attain sustainable economic growth worldwide (Chi & Yang, 2023).…”

“…Literature Review (Çakmak & Acar, 2022) research indicated a strong correlation between GDP and energy use. Fossil fuel usage has risen dramatically due to emerging nations' rapid industrialization and economic expansion (Shi et al, 2023). Saudi Arabia largely met its energy demands via carbon dioxide-emitting non-renewable sources (Agboola et al, 2021).…”

“…There has been con icting data linking environmental footprint emissions to nancial development (Shi et al, 2023). According to various investigations, nancial development encourages, supports, and subsidizes the deployment of new technologies and frugal innovation, which helps lower carbon dioxide emissions (Bhutta, 2022).…”