The role of environmental diplomacy and economic factors on environmental degradation.

In recent years, rising carbon dioxide (CO2) emissions and other negative environmental effects of human activity have raised concerns about the planet's future. Rapid industrialization, urbanization, and economic activity have shown a surge in CO2 emissions, contributing to global warming and climate change. The main purpose of this study is to examine the impact of such as gross domestic product, gross domestic product square, foreign direct investment, environmental diplomacy, environmental diplomacy security, and renewable energy consumption on environmental degradation. This study provides a new perspective on environmental diplomacy in OECD countries using panel data econometric methodologies from 1991 to 2020. It contributes to our understanding of the role of environmental and economic factors in reducing CO2 emissions. The panel data is also analyzed by CD, CIPS, FMOLS, DOLS, and PMG-ARDL tests. However, as per the findings of this research, all the factors significantly impact environmental degradation (Co2 emission). Finding data to either confirm or deny the efficacy of the Environmental Kuznets Curve theory within the framework of OECD countries is possible through this approach. This policy framework attempts to solve the issues at the connection of environmental diplomacy and economic concerns by emphasizing cooperation and sustainability and incorporating environmental considerations into economic decision-making processes in OECD countries.

Exploring the dynamic and multifaceted effects of globalization on renewable energy sources through advanced nonparametric modeling techniques.

There is a growing global demand for clean energy, driven by concerns over global warming and the need to decrease greenhouse gas emissions. This research uses a nonparametric approach to analyze the correlation between industrialization and the use of clean energy sources in 16 countries between 1995 and 2020. We utilize a technique called the local linear dummy variable estimate to monitor the effects of globalization on the development of sustainable power over time. An unfavorable and economically important link was found between industrialization and the use of sustainable energy supplies from 2003 to 2012, as determined by an examination of nonparametric econometric techniques. Still, it started moving in the opposite direction, becoming significant and positive after 2014. In addition, we discover that globalization has various effects on the various indices of the use of renewable energy sources. The research also reveals that the effects of globalization on RES vary across different regions, with some regions experiencing more significant benefits than others. Overall, the study provides valuable insights into the complex relationship between globalization and RES and highlights the need for further research to inform policy decisions and promote sustainable development.

Nexus among financial inclusion and sustainability in Asia: role of banking sector.

Promoting shared prosperity, economic success, and the expansion of the financial sector to individual development supported by financial inclusion to reduce poverty. Financial inclusion in Asian countries is generally considered relatively low. Thus, the purpose of this study is to explore the connection between the accessibility of financial services and the dependability of the financial sector. To accomplish the study purpose, data is incorporated from financial institutions based in Asia from 2008 to 2017. The generalized moment approach (GMM) was used to analyze the data. The study findings indicated that a more equitable distribution of wealth might be achieved by expanding access to financial services and strengthening the banking system's capacity to weather shocks. Financial institutions might benefit from integration into the financial system by increasing profits, decreasing operational expenses, and increasing market share. Several directions for further research have been proposed based on the results of this work.

The role of foreign trade and technology innovation on economic recovery in China: The mediating role of natural resources development.

The coronavirus disease (COVID-19) has caused the most recent global economic collapse, which severely impacted worldwide economic operations. Natural resource volatility significantly affects global economic recovery. Therefore, the study aims to determine the significance of natural resource volatility, foreign trade, technological innovation, urbanisation, and investment in energy resources on the economic recovery of Chinese provinces. A total of 30 provinces in China were examined between 1995 and 2020. The generalised method of movement (GMM) technique was used to demonstrate that investments in energy sector resources, international commerce, and technological innovation are inconsistent than gross domestic product (GDP) and natural resources. The results demonstrated how trade blocs limit the effect of natural resources on regional economic development in the central provinces. Specifically, 33.4% of energy was saved while 35.2% of emissions were reduced. Although abundant natural resources significantly influence economic growth, studies discovered a negative impact on urbanisation. Nonetheless, the positive effects of trade openness outweighed those of economic recovery. The study proposed stabilising the fluctuating costs of natural resources, encouraging green financing, and increasing investment in energy resources. The findings also provided a novel strategy for achieving high economic growth and recovery.

Assessing financial factors for oil supply disruptions and its impact on oil supply security and transportation risks.

The evaluation of energy security offers a standard for policy research and highlights the problems of securing the energy supply. A composite index for analyzing the risk of Southeast Asian nations' oil supply is developed in this study. Indicators used to calculate the index include the import-to-LGE ratio, GPR, market liquidity, gross domestic product, the import-to-consumption ratio, heterogeneity, oil price volatility, US$ volatility, and transportation risk. The index is based on these and other factors. According to the findings, Nepal and Sri Lanka are the most susceptible to oil supply interruptions. This indicates that India is more likely to shift its oil suppliers. At the same time, Maldives, Nepal, and Sri Lanka have the lowest supply risk scores, indicating that they are the most vulnerable to supply disruptions. Reduce the effect of oil supply risk by enacting policies such as the adoption of renewable technologies, nuclear power generation, diversification of exporting supplies, and reducing fossil fuel subsidies.

Studying financial inclusion, energy poverty, and economic development of South Asian countries.

This research investigated the association between financial inclusion, energy poverty alleviation, and economic development in South Asian countries and found significant connections. In order to make multilateral conclusions, we have created a panel of data for nations in South Asia and estimated not only the dynamic panel estimation but also the panel unit root, Kao (1999) estimates, and the ARDL tests for each country. A significant association between financial inclusion and economic development and poverty reduction is discovered by using dynamic panel estimates. Economic development has also been shown to have a favorable influence on energy poverty alleviation. According to the findings of the ARDL analysis, financial inclusion has a beneficial influence on economic development. Financial inclusion and economic growth have reciprocal causalities in energy poverty alleviation, as shown by the study's testing of this association. As a result, it is acceptable to infer that financial inclusion favors economic development and poverty reduction in South Asia. The study also suggests the policy implications for stakeholders.