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

Abstract

The sustainable economic growth of a country leads to energy consumption which causes environmental issues. The study examines the financial sector's investment in renewable energy sources and utilizing eco-friendly technology to solve environmental issues. This study also examines the role of military spending through our peace model, as a secure setting might make initiatives that promote environmental sustainability and development possible. We conclude that peace makes it easier to accommodate environmental concerns and the various circumstances under which a nation attains and maintains sustainability. Additionally, this study makes policy recommendations from the standpoint of a sustainable environment through declining military spending, increasing the use of renewable energy sources and the effective use of environmental technology.