Search

This is a study of Norway's sustainable environment development amidst the interactions of natural resources, external investment (FDI) and economic development. Much has been done with respect to the study of Norway's economic performance in relation to the link between the natural resources and FDI with little emphasis on the environmental performance of the resource‐based economy. Also, Norway is classified as among the top countries in Europe with a greater percentage of adopting renewable energy, and no study has done a critical review of the impact of natural resources and FDI which are part of drivers of carbon emission that can counter the positive impact of renewable energy towards the Norway's sustainable environment. On this basis, this study adopts a time series data of Norway, 1970 to 2018 to study its environmental performance. Approaches such as structural break analysis, Autoregressive Distributed Lag (ARDL)‐bound testing and Granger causality estimations are utilised in this study for in‐depth analysis of the subject. Findings from ARDL confirmed a positive association between fuels and carbon emission, other indicators (economic growth and natural resources) are improving the quality of the country's environment. FDI even though shows positive sign remains insignificant in impacting the environmental performance in the short run reverted to a significant negative relationship with carbon emissions. This confirms the pollution halo hypothesis and rejects the pollution haven hypothesis (PHH) for Norway, and this trend can be sustained with the constant implementation of environmental rules in the country. Granger test confirms, a one‐way transition from fossil fuels to carbon emission, from carbon emission to growth, and from economic growth to fossil fuels. Also, a two‐way transmission is found between fossil fuels and FDI. These findings from Granger causality are consistent with the findings from ARDL, hence, two ways interactions between FDI and fossil fuel energy source consumption from Granger causality and the two variables (fossil fuels and FDI) are seen impacting on Norway's environmental performance. Findings from the estimates suggest that natural resources and FDI are mitigating pollution, hence, Norway's policy is expected to be resources and FDI driven in sustainable environment development. [ABSTRACT FROM AUTHOR]

This study examines the Indian inclusive sustainable development. India ranked third in global carbon emissions amidst its economic performance. This tells more about one-sided sustainable development policy of the country. With this trend of development anchored only on Indian economic activities, we consider it important to research the economy with instruments (such as technological innovation, foreign direct investment (FDI), and agriculture) that are unique to the country. India's data from 1980 to 2019 are applied to this study with two models for testing both economic and environmental developments. We utilized two scientific methods (non-linear autoregressive distributive lag (NARDL) and dynamic ordinary least squares (DOLS)) to demonstrate both symmetric and asymmetric technical analyses. Findings from NARDL show that technological innovation and FDI are mitigating carbon emissions, while economic growth and agriculture are increasing carbon emissions thereby impacting negatively the environment. Also, the result from the economic model confirms that all variables are impacting favorably on economic development except carbon emission. The findings from DOLS support the findings from NARDL. The result confirmed that India is yet to attain inclusive sustainable development, however, it is evident that with the right policy framed on tech innovation and FDI, the country could attain balanced sustainable development. Having seen, the dual capacity of both technological innovation and FDI toward strengthening both the economy and environment, it is worthy to consider these instruments as among the sustainable policies [ABSTRACT FROM AUTHOR]

This study examines India's sustainable development with respect to economic and environment development. India is among the largest emerging countries with good economic development prospects. Nevertheless, its environmental development is poor coupled with its position as third in global carbon emission ranking. This peculiarity of Indian economy with increasing emissions has prompted the need for this research into the country's sustainability. Considering the leading role of government in curbing the environmental problems, this study aims to ascertain the India's sustainable development by investigating the role of institutional quality in mitigating its carbon emissions. India's data of 1996Q1 2018Q4 are utilized to investigate the country's sustainable development. Short-run and long-run autoregressive distribution lag (ARDL) dynamic and bound test for cointegration with Granger causality are adopted in this study for better insight on India's sustainable development. Findings from ARDL revealed positive impact of Institutions on environment quality through reduction in carbon emission; however, effect of foreign direct investment (FDI) and fossil fuels shows negative effect on India's environment through increase in carbon emissions. Findings from Granger causality exposed direction of impacts among the variables; hence, nexus is formed among the variables in determining the cause of carbon emissions and environmental damage. The findings from Granger causality give support to the findings from the ARDL analysis pointing towards the need to frame policies capable of mitigating carbon emission and enhances energy transition through institutions. [ABSTRACT FROM AUTHOR]

Venezuela is among the several countries of the world endowed with natural resources such as oil rent and others. The influence of these resources, which can be felt in both economic and environmental development, is capable of impacting sustainable development goals of any country rich in them. Considering the global climate goals, it is essential to investigate the impact of natural resource rent on its sustainable development goals. We applied Venezuelan country‐specific data of 1972–2014 for an insightful study of the country's sustainable development amidst high resource rent with regard to both economic and environmental performance. The principles of the environmental Kuznets curve (EKC) and pollution haven and halo hypothesis (PHH) were considered to ascertain the pattern and effect of the economic growth and foreign direct investment (FDI) on Venezuelan environmental performance. Different methods such as the autoregressive distributed lag (ARDL) dynamics and bounds, structural break, and Granger causality test were applied for an accurate estimation and insightful analysis. From the ARDL estimations, we found an N‐shaped Kuznets curve, which counters the U‐shaped Kuznets, for the case of Venezuela. Both natural resources and FDI are found to impact positively on the environment, and this confirmed the pollution halo hypothesis for Venezuela. Fossil fuel energy source is found to impact negatively Venezuela's environment with positive relationship between energy use and CO2. From the Granger causality finding, a unidirectional Granger causality is found to transmit from FDI to environment, while bidirectional Granger causality is found to transmit between economic growth and environment. With the findings from both analyses, especially from the vector error correction model (VECM) Granger causality, a nexus is established among economic growth, environment, and FDI, which confirmed the pollution halo hypothesis. [ABSTRACT FROM AUTHOR]

This study is premised on Indonesia's climate goal amidst good economic performance. To test the environmental implication of this macroeconomic performance of Indonesia, we adopt Indonesian quarterly data of 1990Q1–2018Q4 for empirical analysis. Relevant instruments in the economic performance of Indonesia such as urbanization, foreign direct investment (FDI), and renewable energy source are all adopted for accurate estimations and analysis of this topic. Different approaches (structural break test, autoregressive distributed lag (ARDL)-bounds testing and Granger causality) are all adopted in this study. Our analysis and policy recommendations are based on the short-run and long-run ARDL dynamics and Granger causality. Findings from ARDL confirmed negative relationship between carbon emission and renewable energy source, FDI, and urbanization. Also, a U-shape instead of inverted U-shaped EKC is found confirming the impeding implication of Indonesian economic growth to its environmental performance if not checkmate. From Granger causality analysis, all the variables are seen transmitting to urbanization in a one-way causal relationship. Also, FDI and renewable energy prove to be essential determinants of the country's environment development; hence, FDI is seen transmitting to both energy sources (fossil fuels and renewables) in a one-way causal relationship. Renewable energy is as well seen having two ways causal relationship with both carbon emission and fossil fuels. This result has equally exposed the significant position of the three instruments (urbanization, FDI, and renewable energy source) in Indonesian environment development. [ABSTRACT FROM AUTHOR]

This research work is developed with interest on the performance of Turkish sustainable development amidst high inflow of foreign direct investment (FDI) and excessive usage of fossil fuels (crude oil and gas). Turkey has been identified as among the countries yet to ratify their agreements with both Kyoto and Paris agreements in fight to reduce the global warming. It is essential to investigate to know if Turkey is promoting climate change as could be among the reason why it fails to work in line the agreement to reduce the global warming. The authors adopted quantile regression (QR) to study the linear relationship that exist among the selected variables in order to have a valid conclusion on the stand of the Turkey towards the control of global warming. Our findings are: A negatively significant relationship between the carbon emission and the agriculture in the all the quantiles except the 90% quantile which shows a positive relationship. Also, the ordinary least square (OLS) estimate which acts as a robust check to the quantile findings confirms a negative relationship between the carbon emission and agriculture. A positively significant relationship is established between energy use and carbon emission in all the quantiles. EU (energy use) is statistically significant for the 30, 40, 50, 70, 80 and 90% quantiles. EU is more statistically significant for the 90% quantile than lower quantiles. Again, a mixed (both positive and negative) relationship is established between foreign direct investment and carbon emission in all the quantiles which shows that FDI is impacting the Turkish environment a mixed manner. It shows that the foreign investors still engage in both clean and dirty production in Turkey. This finding gives support to both pollution halo/haven hypothesis (PHH) in Turkey. However, a 1% point increase in GDP per capita increases the carbon emission both in the 10% quantiles and OLS by 2.82 and 2.797% respectively. This shows a positive relationship that exist between GDP per capita and the carbon emission. GDP is statistically significant for all quantiles, and show that there is a strong relationship between CO2 and GDP. Turkish sustainable policies should focus on promotion of clean FDI and agricultural practice with economic growth anchored on renewable energy sources. [ABSTRACT FROM AUTHOR]

This present study is motivated by the United Nations Sustainable Development Goals (UN‐SDGs) that concerns pertinent issues that comprises environmental sustainability (SDG‐13), sustainable development (SGD‐8), and responsible consumption (SDG‐11), among others. To this end, this study examines the long‐run and causality linkage between renewable and non‐renewable energy, foreign direct investment, and economic globalisation in a carbon‐income framework by use of both carbon dioxide emission and ecological footprint as a determinant for environmental degradation for E7 countries. Furthermore, a series of panel econometrics panel tests in conjunction with quantile regression is used to explore the relationship between the outlined variables for annual frequency data from 1990 to 2016. Empirical results trace a long‐run equilibrium relationship among the highlighted variables as reported by Westerlund (2007). Additionally, this study gives credence and validates the pollution haven for the emerging (E7) countries examined, thus, implying the detrimental effect of foreign direct investment (FDI) on quality of environment in E7 economies. Interestingly, we observe that investment in renewable energy consumption will improve environmental quality. This outcome resonates with the advocacy of UN‐SDGs‐7, 11, 12, and 13, where emphasis is placed on responsible energy consumption (renewables), access to clean energy, and climate change mitigation. Conclusively, these revelations suggest the chase for adoption of low‐carbon development technologies and strategies in E7 countries. [ABSTRACT FROM AUTHOR]

Chile is currently rated among the performing countries towards the achievement of the global goals of reducing carbon emission. It is on recorded that Chile as a country has moved from highly insufficient to insufficient and still working towards conforming to recommend the region of 2°C in quest of controlling climate change through carbon emission reduction. From this development, it is essential to investigate on the country's strategies in achieving this success and equally make recommendation for other countries to adopt Chile's strategy as a blue print in controlling carbon emission. To effectively do this and achieve the objective of this study, I adopt nonlinear and asymmetric approaches to have a combined (positive and negative) view of the reactions of the selected variable towards determining the impact of each variable towards curbing emission in Chile. Also, a careful selection of variable which includes economic growth (GDP per capita-Y), institutional quality, foreign direct investment (FDI), fossil fuels, and renewable energy consumption was undertaken in this study. The focus was on the interaction of institutional quality and FDI towards ascertainment of environment performance. Chile's quarterly data of 1996Q1 to 2018Q4 was utilized, and the following findings were made: positive and negative shocks to the economic growth, institutional quality, and renewable energy impacted favorably and negatively on Chile's environment through reduction and promotion of emission, respectively. In contrast, positive and negative shocks to FDI and fossil fuels impact both negatively on the Chile's environment through increase in carbon emission. So institutional quality is vital in controlling the negative impact from FDI and fossil fuels. [ABSTRACT FROM AUTHOR]

Carbon neutral is among the possible ways of solving the problem of climate change. Many scholars have utilized different single indicators such as CO2 and methane with different variables to mitigate the possible ways of solving the problem of global warming. The present study employs a specific country (UAE) approach to investigate the possible way of solving climate change. The author utilized 1980–2018 annual data of the UAE to investigate the possibility of carbon neutral in the UAE as to suggest ways of limiting climate change. Both linear and non-linear (squared) foreign direct investment (FDI) and GDP per capita were added to the study and considered as the variables of interest and other control variables (energy use and population). Among the findings of this study are inverted U-shaped relationship between economic growth (GDP per capita) and ecological footprint which confirms EKC for the UAE, positive relationship between energy use and ecological footprint, negative relationship between FDI and ecological footprint in all stages which established a flat pattern of relationship, and a positive relationship between the population and ecological footprint. Findings from causal analyses exposed a two-way direction or feedback (bidirectional) between economic growth (GDP) and urban population, and between energy use and urban population both in the short and long run. Also, a one-way transmission (unidirectional) is found transmitting from ecological footprint and FDI to population both in the short run and long run; from the ecological footprint, energy use, and FDI to economic growth; from the ecological footprint and FDI to energy use in the long run; and from ecological footprint to FDI and energy use in the short run. The policy focus should be towards the improvement on the urban population. FDI pattern suggests the pollution halo hypothesis which is a pointer towards its (FDI) crucial contribution to environmental performance. Hence, FDI should be encouraged through relaxing of some laws that are preventive in nature towards FDI so as to maintain this positive trend towards sustainable development. [ABSTRACT FROM AUTHOR]

The current study examines the effect caused by potential shock arising from the Australia's 'Direct Action' policy in renewable energy, fossil fuel energy, and foreign direct investment (FDI). Considering the Australia's stake in the energy industrial chain system (production, distribution and marketing) that is majorly fossil fuel-based (coal and gas), it can be said that Australia is occupying a strategic position in the global climate development. For effective investigation and discussion of the findings from this study, we utilized the country's national data of 1996Q1-2018Q4 with different scientific approaches (such as structural break test and short- and long run asymmetric relationships). Emphasis on the findings and discussions is based on both the short run and long inferences arising from positive and negative shocks. The result informed that economic growth and FDI are found to negatively affect environmental quality in Australia by increasing the country's carbon emissions. This observation is inherent when there are positive and negative shocks on economic growth while only a positive shock on FDI creates an environmental effect. Further into the findings is the mitigating power of Australian renewable energy sources in its economic and environmental development. This is confirmed with positive shocks to renewable energy reducing carbon emission at the level of 23 percent while the negative shock increases carbon emissions by 16 percent. The findings imply that the economic activities and FDI penetration in Australia are done in energy cum carbon intensive ground. Additionally, evidence shows that energy transition policy is vital towards the achievement of Australian climate goal of 2030 as such a negative shock on alternative energy development such as limited energy financing and reduction or discontinued clean technology subsidies should be discouraged. • Australia's carbon neutrality ambition is examined. • Economic growth and FDI spur environmental damage. • Positive and negative shocks on economic growth hampers environmental quality. • Positive shock on FDI creates an environmental degradation. • Positive (negative) shocks to renewable energy mitigates (spur) carbon emission by 23% (16%). [ABSTRACT FROM AUTHOR]