Interlinking dynamics of natural resources, financial development, industrialization, and energy intensity: Implications for natural resources policy in emerging seven countries

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F24%3A63582558" target="_blank" >RIV/70883521:28120/24:63582558 - isvavai.cz</a>

Result on the web

<a href="https://www.sciencedirect.com/science/article/pii/S0301420724001764" target="_blank" >https://www.sciencedirect.com/science/article/pii/S0301420724001764</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.resourpol.2024.104809" target="_blank" >10.1016/j.resourpol.2024.104809</a>

Result language

angličtina

Original language name

Interlinking dynamics of natural resources, financial development, industrialization, and energy intensity: Implications for natural resources policy in emerging seven countries

Original language description

The study examines the intricate relationship between energy poverty, natural resources rents, energy intensity, financial development, and industrialization, with CO2 emissions in the E−7 countries from 1996 to 2021. This study utilizes a nonparametric econometric approach known as the method of moments quantile regression. The findings highlight significant associations among these variables. Higher energy poverty levels are linked to increased CO2 emissions, indicating a correlation between energy poverty and carbon emissions. Likewise, higher energy intensity, reflecting lower energy efficiency, contributes to greater carbon emissions. Furthermore, reliance on natural resources for economic development is positively associated with CO2 emissions, suggesting potential environmental deterioration. The financial development shows a positive association with CO2 emissions, suggesting that increased financial resources may lead to higher carbon emissions. However, this relationship diminishes at higher levels of financial development, indicating a potential decoupling of financial progress from carbon emissions. Industrialization and natural resources display a positive relationship with CO2 emissions, highlighting the contribution of industrialization to carbon emissions. Policymakers are urged to prioritize energy efficiency promotion, facilitate the transition to renewable energy sources, and encourage sustainable industrial practices. Integrating innovation activities that prioritize green technologies and sustainable development can effectively reduce CO2 emissions while supporting economic growth. These findings hold crucial implications for policymakers in the E−7 countries, emphasizing the need for sustainable development and environmental stewardship. Striking a balance between economic growth and environmental preservation is essential for a sustainable future in the E−7 countries.

Czech name

—

Czech description

—

Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

—

OECD FORD branch

50204 - Business and management

Project

—

Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2024

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Resources Policy

ISSN

0301-4207

e-ISSN

1873-7641

Volume of the periodical

90

Issue of the periodical within the volume

neuvedeno

Country of publishing house

GB - UNITED KINGDOM

Number of pages

10

Pages from-to

—

UT code for WoS article

001196577700001

EID of the result in the Scopus database

2-s2.0-85186267080