Can forests realize the carbon neutrality dream? Evidence from a global sample.

The enlarge in economic activities and the urban population at the global level has brought about an increase in the demand for energy, food, and natural resources, as well as an exacerbation in global climate change concerns. In this respect, it is important to ensure the balance between global climate change and global economic activities. Therefore, a wide literature has emerged that searches for alternative solutions to improve climate change and carbon dioxide (CO2) emissions. The majority of existing studies emphasize the importance of renewable energy sources in environmental improvement efforts. Few studies highlight the importance of forestation in environmental improvement efforts, highlighting the non-linear effects of forestation. To fill this gap, this study uses panel data from 181 countries between 1990 and 2022 and evaluates the non-linear impact of economic growth, forest extent, energy efficiency, and urban growth on per capita CO2 emissions using a dynamic panel threshold and dynamic panel quantile threshold methods. Furthermore, we extend the model and conduct robustness tests examining the non-linear threshold effects of renewable and non-renewable energy consumption on per capita CO2 emissions. Our findings provide pieces of evidence that forest extents are an alternative solution to renewable energy use and energy efficiency in environmental improvement efforts.

Testing the EKC hypothesis for ecological and carbon intensity of well-being: The role of forest extent.

The G-20 countries represent a considerable percentage of the global economy and are crucial in matters to do with support for environmental sustainability. The uniqueness of this study lies in determining the effects of forests on human well-being and environmental degradation with respect to G20, offering a unique perspective regarding the efforts to battle climate change. The study analyzed the impact of income, forest extent and education on ecological and carbon intensity of well-being following the Environmental Kuznets Curve (EKC) hypothesis. Based on annual data from 1990 to 2022 and employing the Method of Moments Quantile Regression, the results validate the presence of an inverted U-shaped relationship between GDP and environmental well-being which refers to the existence of EKC. Our results connect improved ecological and carbon intensity of well-being with expanding forest extent and improving education levels. Forest management combined with educational management work as an effective mechanism reducing environmental degradation while also positively contributing to human well-being. In addition, through these informed and rational decisions, policy makers can promote the environmental stability of forests.