Dynamic impact of demographic features, FDI, and technological innovations on ecological footprint: evidence from European emerging economies.

Climate change effect mitigation is a critical priority for top leaders and communities around the globe. Human-induced environmental issues are affecting humankind's standard of living and development potential and the planetary boundaries. Sustainability objectives aim to enhance environmental quality and ensure sustainable development for all by eliminating social inequalities. This study examines the complex relationships between demographic features, foreign direct investment, technological innovation, and ecological footprint, emphasizing the relevance of population aging, population density, and urbanization in this context. The research uses a selection of emerging European economies during 1995-2018. The reasons for countries' selection are related to the increasing rate of population aging in European countries, the attractiveness for foreign direct investment, the economic growth, and the technological advancement potential these emerging countries possess. In order to investigate the long-run relationship between the selected variables, the study tests the cross-section dependence, homogeneity, and cointegration and uses Konya tests to determine panel causality. Based on Konya methodology, differences between countries in the panel are evidenced and discussed accordingly. Our findings confirm the long-run relationship between environment, technological innovation, population aging, and FDI. The results of this research are highly relevant for policymakers in selected countries for identifying the set of correlations and the relevance of various variables in such national economies. Demographic features such as population aging and population density are critical for Europe, and the results show the impact on the ecological footprint.

Dose institutional quality influences the relationship between urbanization and CO2 emissions?

As a result of rapid economic expansion, increased energy use, and urbanization, global warming and climate change have become serious challenges in recent decades. Institutional quality can be the remedy to impede the harmful effect of factors on environmental quality. This study investigates the impact that urbanization and institutional quality on environmental quality in in the Belt and Road Initiative (BRI) countries from 2002 to 2019. By using two step generalized method of moment, the findings shows that urbanization leads to an increase in carbon dioxide emissions and a decline in environmental quality. On the other hand, the square term of urbanization indicates that an increase in urbanization leads to a reduction in emissions at a later stage after reach a certain level. Education, on the other hand, has the reverse impact of increasing carbon emissions; economic growth, foreign direct investment, and government effectiveness all boost carbon emissions. In a similar vein, the interaction between urbanization and the effectiveness of the government is unfavorable, underscoring the transformative role that the effectiveness of the government plays in leading to environmental sustainability. Finally, the findings of this study have considerable policy implication for the sample countries.

Eco-innovations, green growth, and environmental taxes in EU countries: a panel quantile regression approach.

The purpose of this study is to examine how environmental taxation, green growth, and eco-innovations contribute to a more sustainable environment. This study examines the influence of green growth, environmental taxes, and eco-innovations on carbon dioxide emissions in 26 environmentally responsive European Union (EU) countries from 2000 to 2020. The analysis was conducted using the second-generation panel unit root test, cross-sectional dependence, panel cointegration, and panel quantile regression. Theoretical and empirical research has demonstrated that both linear and non-linear green growth strategies are effective in reducing CO2 emissions. There is evidence that CO2 emissions can be reduced through the implementation of environmental taxes, eco-innovations, the use of renewable energy sources, and enhanced energy efficiency. In contrast, economic growth has a positive effect on carbon emissions, and its square term verifies the environmental Kuznets curve. Nevertheless, our research findings provide empirical support for the hypothesis that sustainable development contributes to the maintenance of stringent environmental standards. For the sampled countries, the study's findings have significant policy implications. These results encourage governments to prioritize green growth over traditional economic growth and to encourage eco-innovations in renewable energy technology.

Urbanization, renewable energy production, and carbon dioxide emission in BSEC member states: implications for climate change mitigation and energy markets.

As the world's population grows, the energy demand continues to rise due to advancements in technology and the impact of globalization. The finite nature of traditional energy sources has accelerated the shift toward renewable energy, particularly in developing countries where environmental degradation and declining quality of life are significant concerns. This study delves into the interplay between urbanization, carbon dioxide emissions, economic growth, and renewable energy production in Organization of the Black Sea Economic Cooperation member states, providing new insights into the energy market. By using annual data from 1995 to 2020 and advanced panel cointegration tests, this study provides a comprehensive analysis of the determinants of renewable energy for developing countries. The findings show a substantial and long-term relationship between urbanization, emissions, growth, and renewable energy production. These findings have important implications for policymakers and underscore the critical role of renewable energy in mitigating climate change in developing countries.

Income inequality, economic growth, renewable energy usage, and environmental degradation in the Belt and Road initiative countries: dynamic panel estimation.

This study investigates the effect of income inequality, carbon dioxide emissions, renewable energy consumption, and economic growth on each other's in the Belt and Road initiative countries from 2002 to 2019. By using OLS, fixed effect, difference GMM, system GMM, and seemingly unrelated regression (SUR) models, the results show that income inequality and renewable energy consumption are reduced while economic growth, foreign direct investment, and financial development have an increasing effect on carbon emissions. The effect of carbon emissions and renewable energy consumption is negative, while economic growth is positive and negative for income inequality across different models. Income inequality, carbon dioxide emissions, economic growth, and foreign direct investment are negatives for renewable energy consumption. Income inequality is positive, while carbon dioxide and financial development negatively affect economic growth. The findings have considerable policy implications for the sample countries regarding income distribution, energy use, environmental quality, and enhancing economic growth. The countries should focus on acquiring renewable energy sources to increase economic growth and reduce environmental pollution.

Exploring the nexus between energy consumption, income inequality and poverty, economic growth, and carbon dioxide emission: evidence from two step system generalized method of moments.

The concern of environmental degradation, poverty, and income inequality remains a priority in achieving sustainable development goals. Countries are trying to reduce income inequality, alleviate poverty, and reduce environmental degradation which needs special attention. Consequently, this study explores the effect of income inequality, poverty, and energy consumption on carbon dioxide emission in the Belt and Road Initiative countries from 1996 to 2018. By employing the generalized method of moments, the findings show that income inequality, poverty, and energy consumption significantly increase carbon dioxide emission and lead to environmental degradation, while access to electricity significantly raises environmental quality. Economic growth positively affects carbon dioxide emission; however, the environmental Kuznets curve is valid. Income inequality exerts a moderating effect on carbon dioxide emission via per capita economic growth that reduces environmental degradation in the Belt and Road Initiative countries. The results of this study give important policy implications for the Belt and Road Initiative countries.

The nexus between natural resources, renewable energy consumption, economic growth, and carbon dioxide emission in BRI countries.

This study investigates the nexus between natural resources, renewable energy consumption, economic growth, and carbon emission in 35 belt and road initiative (BRI) countries from 1985 to 2019. By employing OLS, fixed effect, generalized method of moments, and seemingly unrelated regression models, the results show that carbon dioxide and renewable energy are the driver factors of economic growth while natural resources reduce economic growth. The effect of economic growth and natural resources on carbon dioxide is positive; however, renewable energy consumption significantly reduces carbon emission. Economic growth rise renewable energy consumption while carbon dioxide and natural resources reduce it. The findings of this study have considerable policy implications for the belt and road countries that how natural resources and income inequality influence the interlinkage of renewable energy consumption, economic growth, and carbon dioxide emission.

The effect of political stability, carbon dioxide emission and economic growth on income inequality: evidence from developing, high income and Belt Road initiative countries.

The reduction of income inequality and environmental frailty are important factors which can help achieve sustainable development. In this context, it is important to investigate the nexus between income inequality and carbon dioxide emission by considering the role of political stability. This paper examines the effect of political stability, economic growth, financial development, and carbon dioxide on income inequality in developing countries, high-income countries, and the Belt Road initiative (BRI) countries from 2002 to 2019. By employing a two-step generalized method of moments and panel quantile regression, the findings show that carbon dioxide emission, financial development, and political stability rise income inequality while economic growth significantly reduces income inequality in developing countries. In the case of high-income countries, political stability and carbon dioxide negatively affect income inequality while financial development rise income inequality. In the case of BRI countries, political stability, economic growth, and carbon dioxide emission significantly reduce income inequality. Our findings have considerable policy implications regarding reducing income inequality in the sample countries.

The role of financial development and institutional quality in environmental sustainability: panel data evidence from the BRI countries.

The belt and road countries are mostly emerging and developing countries and heading to attain economic prosperity; however, this development process leads to ecological footprint. The factors of ecological footprint need to be identified and sound level of quality institutions might be helpful to overcome the issue of environmental degradation. Utilizing data from 1985 to 2019 of the belt and road initiative (BRI) countries, this study explores the effect of institutional quality indicators and financial development on carbon dioxide emission by including energy consumption and economic growth to the model. By using OLS, fixed effect, and two-step generalized method of moments, the results indicate that financial development, economic growth, and energy consumption increase carbon dioxide emission and degrade environmental quality. Three out of six institutional quality indicators that include government effectiveness, voice and accountability, and corruption control effect carbon dioxide emission positively, while the other three that include rule of law, regulatory quality, and political stability significantly rise environmental quality. The interaction terms of voice and accountability, government effectiveness, and political stability with financial development also give negative coefficients and reduce emission; however, the interaction of control of corruption with financial development is positive and the interaction of rule of law and regulatory quality with carbon dioxide is insignificant. The findings have considerable policy implication for the sample countries on each individual institutional quality indicator and financial institutions in rising environmental sustainability.

The role of technological innovations and renewable energy consumption in reducing environmental degradation: evidence from the belt and road initiative countries.

Attaining sustainable economic growth has become an important concern for most countries. Countries are accelerating economic growth; however, an increase in economic activities through production raises energy demand and thus leads to high carbon emissions. Innovations might be useful to enhance energy efficiency and acquire renewable energy sources to be used for production and achieve sustainable growth. This study examines the effect of innovation, renewable energy consumption, and economic growth on carbon dioxide emission in the belt and road initiative countries from 1979 to 2019. The study uses OLS, fixed effect, and generalized method of moments for analysis where the results indicate that innovation indicators significantly improve environmental quality; however, innovation proxy by patent application nonresidents increases carbon dioxide emission. The study also found that renewable energy consumption and international trade significantly raise environmental quality, while foreign direct investment and economic growth raise emissions and lead to environmental degradation. The quadratic term of economic growth confirms the validity of the environmental Kuznets curve in the belt and road initiative countries. The findings of this research have significant policy implications for the sample countries regarding environmental quality enrichment through improvement in technological innovation and acquiring renewable energy consumption.

Linking natural resources, innovations, and environment in the Belt and Road Initiative countries using dynamic panel techniques: the role of innovations and renewable energy consumption.

The issue of natural resources and environment are a matter of clashing argument in recent studies. An increase in natural resources raises economic growth which in turn increases carbon emission, that is a challenge for environmental sustainability. There is a lack of research on weather innovations playing any important role by acquiring renewable energy sources, enhancing energy efficiency, and boosting economic growth by lowering the use of natural resources to raise environmental quality. Consequently, this study investigates the effect of natural resources, innovations, economic growth, and renewable energy consumption on carbon dioxide emission in 39 Belt and Road Initiative countries from 1981 to 2019. OLS, fixed effect, and generalized method of moments models were used for analysis, where the results indicate that natural resources, innovations, and economic growth significantly increase carbon dioxide emission, while renewable energy reduces emission and raises environmental quality. The square term of natural resources is negative; thus, it indicates that natural resource use reduces emission when it reaches a certain level. Likewise, our results validate the Environmental Kuznets Curve hypothesis in the Belt and Road initiative countries. The findings have considerable policy implications for the Belt and Road countries regarding natural resource use, innovations, and renewable energy consumption.

Examining the effect of information and communication technology, innovations, and renewable energy consumption on CO2 emission: evidence from BRICS countries.

The increasing use of information and communication technology (ICT) in this digital era and its interlinkage with other economic and environmental factors have gotten considerable attention from researchers. ICT tools are considered very important in economic activities such as international trade, the financial sector, and foreign direct investment. ICT is also interlinked with innovation and energy consumption. However, ICT with these activities influences ecological footprint, especially in emerging economies such as BRICS (Brazil, Russia, India, China, and South Africa) countries. Therefore, this topic has got considerable attention from researchers and policy makers on the impact of ICT and economic growth activities on environmental quality. Consequently, this study investigates the impact of information and communication technology, renewable energy consumption and innovation on carbon dioxide emission in BRICS countries from 1990 to 2019 using cointegration, generalized least square, and panel corrected standard errors models. The findings show that two ICT indicators, mobile cellular subscription and fixed broadband subscription, negatively affect carbon emission along with economic growth and financial development. Innovation and renewable energy consumption also significantly reduce emission in presence of ICT indicators, while trade openness and fixed telephone subscriptions increase it. In the case of the ICT index model, all variables are positively associated with carbon emission except renewable energy consumption, however, the square and interaction term of all indicators significantly reduce carbon emission and evidence the environmental Kuznets curve hypothesis except trade openness. ICT growth should be considered in the energy sector, innovation, and financial development to enhance environmental quality. The findings of the study have considerable policy implications for the sample countries.

The role of innovations and renewable energy consumption in reducing environmental degradation in OECD countries: an investigation for Innovation Claudia Curve.

Rising economic growth in recent ages is the primary concern of most of the countries to enhance the living standard, but the ever-increasing production of economic activities consumes a lot of energy, which leads to a sharp increase in carbon dioxide emissions. Innovation may be a remedy that can help improve energy efficiency, obtain renewable energy, and promote economic growth, thereby protecting the quality of the environment. Therefore, this paper examines the role of innovation and renewable energy consumption in CO2 reduction in OECD countries from 2004 to 2019. By using the two-step system generalized of moment estimator, the results show that economic growth and innovation significantly increase carbon emissions, however the innovation Claudia Curve (ICC) is verified, and the environmental Kuznets curve does not exist. Foreign direct investment has a negative impact on carbon emissions, thus verifying the Pollution Hao hypothesis, whereas renewable energy also improves environmental quality, but the interaction between innovation and renewable energy consumption still increases carbon emissions. Financial development, industrialization, trade, and energy consumption have also been found to be harmful factors of environmental quality. Our findings have considerable policy implications for OECD countries on the improvement of innovation indicators and investment in renewable energy sources to rise environmental quality.

The role of institutional quality in FDI inflows and carbon emission reduction: evidence from the global developing and belt road initiative countries.

Achieving economic growth is the primary concern mostly of every country to enhance living standard; however, an increase in economic activities may have environmental consequences. Foreign direct investment is also considered a driver of economic growth while it affects the quality of environment. The role of institutions can be useful to enhance foreign direct investment (FDI) inflow which can in turn increase economic growth and safeguard environmental quality. Based on the ongoing debate, this study attempts whether the quality of institutions plays any role in FDI inflow and in enhancement of environmental quality. For this purpose, this study examines the role of institutional quality in FDI inflows and carbon emission reduction in the global panel, 107 world developing, and 39 Belt and Road Initiative countries for the period of 2002-2019. By using both static and dynamic panel models, the results indicate that governance indicators are important for FDI inflows, but this impact varies in different panels. Overall, institutional quality has a significant and positive impact on foreign direct investment inflow, while energy use reduces it in all panels. Economic growth positively associated with carbon emission, while the square of GDP evidences the environmental Kuznets curve. FDI and trade increase global and developing countries' emissions, while reducing emission in Belt and Road countries. Institutional quality along individual indicators, political stability, rule of law, and regulatory quality are found to be poor governance indicators in all panels, while voice and accountability and control of corruption are weak indicators in Belt and Road countries; however, the interaction term proves that the quality of institutions is regulated by financial development and FDI in carbon emission reduction in all panels. This study has considerable policy significance for countries to carry out strong policy reforms to increase green FDI and improve environmental quality.

The impact of information and communication technology, financial development, and energy consumption on carbon dioxide emission: evidence from the Belt and Road countries.

In today's digital era of globalization, information and communication technology (ICT) has been considered important that contributes to various sectors of an economy and increases economic growth; however, an increase in ICT may influence environmental quality which needs attention. For this purpose, this study examines the effect of ICT, energy consumption, economic growth, and financial development on carbon emission in the Belt and Road countries from 2000 to 2019 using OLS, fixed effect, dynamic system generalized method of moments (GMM), and generalized least square (GLS) models. The results indicate that ICT, financial development, energy consumption, and economic growth increase carbon dioxide emission, while renewable energy use and international trade reduce it. Foreign direct investment exerts both positive and negative effects on carbon emission across different models with different proxies of financial development. In the individual indicators model, only FBS seems to reduce carbon emission, while other indicators are positively associated with CO2 emission. The findings have considerable policy suggestions for the Belt and Road countries in the improvement of ICT sector, innovations, and enhancing financial institutions which can enhance environmental quality.

The effect of income inequality and energy consumption on environmental degradation: the role of institutions and financial development in 180 countries of the world.

This study investigates the effect of income inequality and institutional quality on carbon emission in 180 countries of the world from 2002 to 2019. The study employed OLS, fixed effect, and system generalized method of moments (SGMM), and the results show that income inequality, institutional quality, financial development, and economic growth have a direct significant and positive effect on carbon emission while trade openness and renewable energy significantly reduce carbon emission. VOA, ROL from the legal system, and GOV from the political system negatively affect carbon emission while the interaction term between GDP and GINI is found negative for carbon emission while the interaction of FD and GINI, INST and GINI, FD, and GDP are positively linked with carbon emission. The EKC hypothesis has been evidenced in the analysis with all INST indices. Our findings have considerable policy implications for the sample countries regarding the income inequality and institutions' development toward environmental quality enrichment.

Institutional quality, financial development and the influence of environmental factors on carbon emissions: evidence from a global perspective.

This study explores the moderating role of institutional quality on carbon emissions using data from a global panel regarding renewable energy consumption, foreign direct investment, economic growth and financial development between 2002 and 2019. Using the two-step system generalized method of moments, the results illustrate that in the panel data, renewable energy usage and foreign direct investment inflow enhance environmental quality, while financial development and economic growth lower it. The results show that many countries' quality institutions cannot yet adequately mitigate the harmful impact of each environmental factor and protect the environment; however, the institutional quality interaction term confirms the significant moderating effect of all explanatory variables on environmental quality in the panel data. The findings also confirm the existence of the environmental Kuznets curve and demonstrate the pollution halo hypothesis. The findings in this paper may be useful for policymakers when enacting stricter environmental regulations.

Renewable energy consumption and local environmental effects for economic growth and carbon emission: evidence from global income countries.

The use of renewable energy improves environmental quality by reducing carbon emission and influence economic growth where carbon emission also affect economic growth of a country. The economic theory of tourism also indicates that tourism development enhances economic growth through spillovers as well contributes to climate change. Financial development enhances economic growth; however, it also affects environmental quality. Based on the ongoing debate, the present research attempts to explore the effect of renewable energy consumption, tourism and financial development on economic growth and carbon emission in global income countries to know whether these impacts are the same globally for the low-income and high-income countries. Using panel data for the global panel, high-income and low-income countries for the period of 2002-2019, the results indicate that all variables affect economic growth and carbon emission significantly. Three common factors TORR, FDT and TO significantly increase economic growth while decrease carbon emission. Renewable energy and TORA also reduce emission, while TORX, FDB and economic growth are the drivers of carbon emission; however, this effect varies in different income countries. The results evidence the environmental Kuznets Curve hypothesis only in high-income countries. These results suggest that enhancing tourism and financial development mitigates emission level and enhances economic growth; however, renewable energy consumption reduces both. The study has shown that these variables are not the same as the economic growth and emission levels of different income groups are not the same, but it changes. In addition, the foundation of this study has a great deal of recommendations for income group economic and environmental decision make-up.