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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

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

90

Číslo periodika v rámci svazku

neuvedeno

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

10

Strana od-do

—

Kód UT WoS článku

001196577700001

EID výsledku v databázi Scopus

2-s2.0-85186267080