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

Abstract

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.

Achieving environmental sustainability goals through capitalizing on renewable energy channels: Role of green finance, resources productivity and geopolitical situation in the MENA region

“…Diverse financial policy tools, such as carbon pricing (Najam, 2023), transferable green certificates and green credit, have been proposed to encourage IRE (Kirikkaleli et al, 2023) and support the growth of green financing. The distribution of green money has continually exhibited a bias towards investment in wind and biomass energy, offering significant benefits to the RE industry (An et al, 2023). GF aims to alleviate the financial strain of RE generation by offering economic incentives through direct or indirect means (Lin et al, 2022).…”

Nexus of geoenvironment, resource management and regional sustainable development: Introduction

“…They mentioned that landscape ecology, including environmental pressure and investment, significantly contributes to the country's financial development initiatives. Likewise, An et al (2023) highlighted that effective management of natural resources leads to improved quality of life since it positively impacts the nation's socioeconomic aspects. Zheng and Wang (2023) linked the financial structure of a country with its resource consumption efficiently by including collaborative innovation.…”