Examining the natural resources-ecological degradation nexus: The role of energy innovation and human capital in BRICST nations

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F24%3A63573978" target="_blank" >RIV/70883521:28120/24:63573978 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.sciencedirect.com/science/article/pii/S0301420724001491?via%3Dihub" target="_blank" >https://www.sciencedirect.com/science/article/pii/S0301420724001491?via%3Dihub</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.resourpol.2024.104782" target="_blank" >10.1016/j.resourpol.2024.104782</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Examining the natural resources-ecological degradation nexus: The role of energy innovation and human capital in BRICST nations

Popis výsledku v původním jazyce

The growing global consensus on addressing climate change and advancing environmental sustainability underscores the need for effective environmental and natural resource management frameworks to achieve ecological balance. This study contributes to ongoing policy discussions by examining the impact of green energy innovation, economic growth, human capital, and natural resources on ecological footprints in the BRICST economies from 1992 to 2020. The objective of this study is to assess the relationships between green energy innovation, economic growth, human capital, natural resources, and ecological footprints in the BRICST economies, providing insights into the factors influencing environmental sustainability. To achieve this objective, we employ various econometric methods, including the method of moments quantile regression, Fully Modified Ordinary Least Squares, Dynamic Ordinary Least Squares, and Fixed Effects Ordinary Least Squares. These methods allow us to analyze the impact of the selected variables on ecological footprints comprehensively. Our analysis reveals noteworthy findings. Firstly, green energy innovation has a positive influence on environmental sustainability, suggesting that investments in eco-friendly technology can lead to reduced ecological footprints. Conversely, we find that human capital, economic growth, and natural resources are associated with increased environmental challenges, indicating the need for careful management of these factors. Causality tests confirm the presence of a unidirectional causal relationship between ecological footprints to green energy innovation, economic growth, and natural resources. Additionally, we identify a unidirectional causal association between human capital to ecological footprints. We advise policymakers to encourage structural changes and the adoption of green energy technology in the production sector. These steps will help address environmental challenges and promote ecological sustainability in BRICST economies, in line with global climate change efforts.

Název v anglickém jazyce

Examining the natural resources-ecological degradation nexus: The role of energy innovation and human capital in BRICST nations

Popis výsledku anglicky

The growing global consensus on addressing climate change and advancing environmental sustainability underscores the need for effective environmental and natural resource management frameworks to achieve ecological balance. This study contributes to ongoing policy discussions by examining the impact of green energy innovation, economic growth, human capital, and natural resources on ecological footprints in the BRICST economies from 1992 to 2020. The objective of this study is to assess the relationships between green energy innovation, economic growth, human capital, natural resources, and ecological footprints in the BRICST economies, providing insights into the factors influencing environmental sustainability. To achieve this objective, we employ various econometric methods, including the method of moments quantile regression, Fully Modified Ordinary Least Squares, Dynamic Ordinary Least Squares, and Fixed Effects Ordinary Least Squares. These methods allow us to analyze the impact of the selected variables on ecological footprints comprehensively. Our analysis reveals noteworthy findings. Firstly, green energy innovation has a positive influence on environmental sustainability, suggesting that investments in eco-friendly technology can lead to reduced ecological footprints. Conversely, we find that human capital, economic growth, and natural resources are associated with increased environmental challenges, indicating the need for careful management of these factors. Causality tests confirm the presence of a unidirectional causal relationship between ecological footprints to green energy innovation, economic growth, and natural resources. Additionally, we identify a unidirectional causal association between human capital to ecological footprints. We advise policymakers to encourage structural changes and the adoption of green energy technology in the production sector. These steps will help address environmental challenges and promote ecological sustainability in BRICST economies, in line with global climate change efforts.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2024

Kód důvěrnosti údajů

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

Název periodika

Resources Policy

ISSN

0301-4207

e-ISSN

1873-7641

Svazek periodika

2024

Číslo periodika v rámci svazku

90

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

8

Strana od-do

—

Kód UT WoS článku

001170417300001

EID výsledku v databázi Scopus

2-s2.0-85184521024