18 results on '"Bekun, Festus Victor"'
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2. Investigating the determinants of household energy consumption in Nigeria: insights and implications.
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Abubakar, Ismaila Rimi, Alola, Andrew Adewale, Bekun, Festus Victor, and Onifade, Stephen Taiwo
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CONSUMPTION (Economics) ,ENERGY consumption ,RURAL poor ,CLIMATE change mitigation ,CLEAN energy ,SUSTAINABILITY ,LOGISTIC regression analysis - Abstract
Background: The present study draws motivation from the United Nations Sustainable Development Goals and explores the nexus between access to modern cooking energy sources, responsible energy consumption, climate change mitigation, and economic growth. Using 2018 demographic and health survey data, the study examines the influence of key socioeconomic and demographic factors on household choice of cooking energy in Nigeria. Results: The empirical results show that traditional energy sources are dominant among Nigerian households (74.24%) compared to modern energy sources (25.76%). Regarding energy demographics, male-headed households show more usage of modern energy sources (19.86%) compared to female-headed households (5.90%). Regional analysis reveals that the northwest region predominantly uses traditional energy sources (18.60% of the share of total traditional energy sources), while the southwest region shows the greatest usage of modern energy sources (10.52% of the share of total modern energy sources). Binary logistic regression analysis reveals the positive and statistically significant influence of wealth index, education, and geopolitical region on the likelihood of utilizing modern energy sources. Conversely, household size and place of residence indicate an inverse relationship with the likelihood of adopting modern energy sources. Conclusions: These findings have important policy implications for energy efficiency, environmental sustainability, and improving the quality of life in Nigeria, which is currently plagued with significant energy poverty, especially in rural communities. Highlights: Examination of household energy utilization in Nigeria. We found that traditional energy utilization is accounted for by 74.24% of households. Clean energy source is accounted for by 25.76% of the household. 19.86% and 60.86% of male-headed households utilize clean and traditional energy, respectively. 5.90% and 13.38% of female-headed households utilize clean and traditional energy, respectively. 18.60% and 7.14% of Northwestern region and Southwest region has the highest traditional and cleaner energy sources, respectively. [ABSTRACT FROM AUTHOR]
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- 2024
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3. Another look at the nexus between economic growth trajectory and emission within the context of developing country: fresh insights from a nonparametric causality-in-quantiles test.
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Adebayo, Tomiwa Sunday, Bekun, Festus Victor, Rjoub, Husam, Agboola, Mary Oluwatoyin, Agyekum, Ephraim Bonah, and Gyamfi, Bright Akwasi
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ECONOMIC expansion ,ECOLOGICAL impact ,CLEAN energy ,SUSTAINABLE development ,RENEWABLE energy sources ,ENERGY consumption ,DEVELOPING countries ,NONRENEWABLE natural resources - Abstract
Achieving environmental sustainability has become a global concern amidst increasing climate change threat. Using quarterly frequency data for the case of Russia from 1992 to 2018, the present study explores the interaction between disaggregated energy consumption (renewable energy and non-renewable energy), trade flow and economic growth on a broader measure for environmental degradation (ecological footprint). The choice of the variables draws strength from initiative of the United Nations Sustainable Development Goals (UN-SDG, 7, 8 11 and 13) for responsible energy consumption and clean energy consumption while mitigating climate change issues. The study applied the quantile-on-quantile regression (QQR) and nonparametric causality-in-quantiles to capture these associations. The outcomes from the QQR disclosed that in the majority of the quantiles, trade openness and renewable energy use contribute to environmental sustainability, while nonrenewable energy amplifies ecological footprint. Furthermore, growth in Russia escalates its ecological footprint. Moreover, in the majority of the quantiles, all the exogenous variables can predict ecological footprint. Given the outcomes of this study, it outlines the need for a paradigm shift for alternative and clean energy consumption in Russian energy mix amidst its economic growth trajectory while accounting for green-development approaches. Pathways to fully achieve the sustainability targets are carefully outlined in the concluding section. [ABSTRACT FROM AUTHOR]
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- 2023
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4. Developing environmental policy framework for sustainable development in Next-11 countries: the impacts of information and communication technology and urbanization on the ecological footprint.
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Kongbuamai, Nattapan, Bui, Quocviet, Adedoyin, Festus Fatai, and Bekun, Festus Victor
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ECOLOGICAL impact ,INFORMATION & communication technologies ,SUSTAINABLE development ,ENVIRONMENTAL policy ,ENERGY consumption ,URBANIZATION ,KUZNETS curve - Abstract
This study is structured on the Environmental Kuznets Curve (EKC) framework to explore the impacts of economic growth, energy consumption, information, and communication technology (ICT), and urbanization on the ecological footprint for the Next-11 (N-11) countries. To accomplish the objective, the Driscoll––Kraay standard error and Feasible General Least Squares (FGLS) methods were applied to investigate the long-run relationship between the highlighted variables. In addition, the Dumitrescu and Hurlin panel causality test was employed for exploring the causality path of the variables under consideration. These methods used in this study circumvent issues of cross-sectional dependence. To accommodate the panel data analysis in this study, the annual frequency data from 1992 to 2015 was used. Empirical results lend an invalid of the EKC behaviour in the N-11 countries. Hence a positive relationship is observed between energy consumption, ICT with the ecological footprint while a negative relation between urbanization and the ecological footprint was found. On the direction of causality, a unidirectional causality is observed running from economic growth, energy consumption, ICT, and urbanization to the ecological footprint. Additionally, feedback causality is observed between (1) urbanization and economic growth and (2) urbanization and ICT. These results have implications on environmental sustainability which are elucidated in the concluding remark. [ABSTRACT FROM AUTHOR]
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- 2023
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5. An Investigation into the Role of Tourism Growth, Conventional Energy Consumption and Real Income on Ecological Footprint Nexus in France.
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Tarkang, Marymagdaline Enowmbi, Adedoyin, Festus Fatai, and Bekun, Festus Victor
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ECOLOGICAL impact ,REAL income ,GRANGER causality test ,TOURISM impact ,ENERGY consumption ,TOURISM - Abstract
Previously documented studies in the literature on how tourism leads to economic growth in the form of tourism-led growth hypotheses (TLGH) has been investigated. This study presents a new perspective on the growth of tourism by considering its impact on conventional energy consumption, real income level, and emission via the channel of globalization. Sequences of econometric tests were conducted to validate the hypothesized claims between tourism development and growth impact on conventional energy consumption and pollution proxy by ecological footprints, globalization GDP per capita, biocapacity, and tourists for the case of France. Empirical evidence from the Granger causality test presents a uni-directional causality from ecological footprints to GDP per capita and from biocapacity to ecological footprints. The correlation matrix shows interrelation amongst series with biocapacity significantly correlating with ecological footprints with tourist’s arrival having a positive correlation with ecological footprints and a negative one with biocapacity. GPD per capita was found to positively affect the ecological footprints and have a negative correlation with biocapacity and a significant relationship with tourists' arrivals. Additionally, globalization exerts a positive impact on ecological footprints, and its effect on biocapacity was found to be negative although globalization's effect on tourists’ arrivals and per capita GDP is significant. The ARDL estimation indicated biocapacity as a neutral agent for ecological footprints, tourist arrivals having a negative impact on ecological footprints, and globalization significantly affecting ecological footprints. From these findings, it is evident that tourism growth has a significant impact on energy consumption and pollution. Policy recommendations were also provided in this study accordingly. [ABSTRACT FROM AUTHOR]
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- 2023
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6. Responding to the environmental effects of remittances and trade liberalization in net-importing economies: the role of renewable energy in Sub-Saharan Africa.
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Nwani, Chinazaekpere, Alola, Andrew Adewale, Omoke, Chimobi Philip, Adeleye, Bosede Ngozi, and Bekun, Festus Victor
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FREE trade ,REMITTANCES ,RENEWABLE energy sources ,INDUSTRIAL capacity ,ENERGY consumption ,ACCOUNTING methods ,CARBON dioxide - Abstract
Little is currently known about how policy choices that seek to bridge the gap between low production capacity and growing consumption demands in developing economies impact the environment. To address this research gap, a quantile-based model is used to examine the impact of three policy-relevant variables on carbon dioxide (CO
2 ) emissions: international remittance inflows, trade liberalization, and renewable energy consumption. Territorial-based CO2 emissions are used to explain the environmental effects of the variables when emissions are calculated solely on the basis of domestic production capacity. To consider if trade-induced consumption demands provide a better measure for assessing the environmental effects of the variable, consumption-based CO2 emissions are used. The study focused on Sub-Saharan African countries with zero or net positive CO2 emissions from trade. The results show, among other things, that remittances and trade liberalization increase CO2 emissions irrespective of the accounting method. Trade, in particular, has a stronger effect through import-induced consumption activities. However, the effect is statistically insignificant for the lower quantile countries and statistically significant for the middle and upper quantile countries. Harnessing the potential of renewable energy to reduce CO2 emissions should thus be a priority for policymakers in net-importing developing economies if production and consumption activities are to be created in less carbon-intensive ways. [ABSTRACT FROM AUTHOR]- Published
- 2022
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7. To what extent are pollutant emission intensified by international tourist arrivals? Starling evidence from G7 Countries.
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Gyamfi, Bright Akwasi, Bein, Murad A., Adedoyin, Festus Fatai, and Bekun, Festus Victor
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INTERNATIONAL tourism ,GROUP of Seven countries ,SUSTAINABLE tourism ,STARLINGS ,POLLUTANTS ,ENERGY consumption ,ENVIRONMENTAL sciences - Abstract
A large volume of environmental science and pollution research has focused on the contributions of various forms of energy consumption to emissions. However, little attention is given to the impact of human activities such as tourism. Hence, this study investigates the impact of tourist arrivals, energy use, and economic growth on CO
2 emissions in the G7 countries for the period 1995–2018. The study employed the use of dynamic panel estimations, namely dynamic ordinary least square, fully modified ordinary least squares and panel pooled mean group-autoregressive distributed lag model (PMG-ARDL) estimation techniques to establish long-run and short-run relationships between the study variable of interest, while the Dumitrescu Hurlin non-causality test was used to test for causality direction among the variables outlined. Empirical findings from the regression revealed that economic growth, tourism and energy use are strong drivers of emission levels in the G7 bloc, while the causality analysis revealed that there is unidirectional causality from CO2 to energy use, CO2 to economic growth (GDP) and GDP to tourist arrivals. These outcomes imply that tourism, energy use and economic growth have no direct effect on emissions, but rather emissions predict economic growth and energy use. Furthermore, tourist arrivals predict energy use; economic growth predicts tourism. Overall based on the study of empirical outcomes, we suggest that to achieve more significant results in reducing emissions, governments of the G7 countries should continue to emphasize green tourism as well as increase the share of renewable energy in their regional energy mix. More policy direction was outlined in the concluding section of this study. [ABSTRACT FROM AUTHOR]- Published
- 2022
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8. The Role of Renewable and Non-Renewable Energy on Economic Growth and the Environment
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Bekun, Festus Victor, Dagher, Leila (Co-Supervisor), and Balcılar, Mehmet (Supervisor)
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Renewable Energy--Sustainable Development ,Dynamic causality ,Economics ,Maki Cointegration ,non-renewable ,Energy Resources--Economic aspects ,Energy conservation hypothesis ,South Africa ,energy consumption ,Renewable energy consumption ,Economic Growth ,Environmental degradation--Economic aspects ,combined cointegration ,Environmental Economics ,Electricity Consumption ,Natural Resources and Eenergy--Economics ,and Pakistan - Abstract
The consequences of human activities on the ecosystem and the environment have its inherent implications. This has been a topical discourse among energy economist /environmental practitioners and government officials saddled with the mandate to formulate energy blueprint and action plans. Thus, the need to carefully underpin the root cause and propose possible ways to mitigate against the protection of the environment is pertinent in a time of global consciousness towards green energy sources. This thesis is based upon this motivation. The thesis is structured into four parts. First, the investigation of energy use and economic growth nexus from 1960 to 2016 in South Africa while accounting for capital, labor, and carbon dioxide emissions. We applied Bayer and Hanck (2013) combined co-integration approach, Pesaran, et al. (2001) bounds test and Kripfganz and Schneider (2018) critical values and approximate p-values. The empirical evidence finds support for a long-run equilibrium relationship among investigated variables. The Granger causality test indicates one-way causality from energy use to economic growth, validating the energy-led growth hypothesis. Our study found an inverted U-shaped pattern between energy use and economic growth in the long run. This finding suggests that at a higher level of economic development there is less intensification of energy consumption, hence, signifying a decline in energy intensity while validating energy efficiency in South Africa. The second strands of this thesis proceed to examine the long-run and causal interaction between, renewable energy consumption, non-renewable energy consumption, and economic growth in a carbon function. The current study incorporates natural resources rent to the model as an additional variable. Empirical evidence is based on a balanced panel data between annual periods of 1996-2014 for selected EU-16 countries. The Kao test reveals a cointegration between carbon dioxide emissions, economic growth, natural resources rent, renewable, and nonrenewable energy consumption. The Panel Pooled Mean Group-Autoregressive Auto regressive distributive lag model (PMG-ARDL) suggests a positive significant relationship between the countries’ natural resource rent and CO2 emissions in the long-run. Implying that the overdependence on natural resource rent affects environmental sustainability of the panel countries if conservation and management options are ignored. Our study affirms that nonrenewable energy consumption and economic growth increase carbon emission flaring while renewable consumption declines CO2 emissions. The panel causality analysis reveals a feedback mechanism between economic growth, renewable, and nonrenewable energy consumption. We further observed a feedback causality between natural resources rent and economic growth. Effective policy implications could be drawn toward cleaner and environmentally friendly energy sources, especially in attaining the Sustainable Development Goals. The third strand of this dissertation offers a new perspective to the electricity-led growth hypothesis for the case of Pakistan. The dissertation revisits the interaction between electricity consumption, real gross domestic product and carbon dioxide emissions in Pakistan. To this end, our study relies on annual data from 1971-2014 for the econometric analysis while accounting for the structural break(s). According to the Maki cointegration test, a cointegration equilibrium relationship exists among electricity consumption, economic growth and carbon dioxide emissions. The empirical findings from Toda-Yamamoto causality test provided the following insights: (i) A unidirectional causality was found running from economic growth to electricity consumption. Thus, this study validates the conservative hypothesis, meaning that in Pakistan, conservative energy strategies cannot harm economic progress. (ii) Causality was also found running from electricity consumption to carbon dioxide emissions. This implies that industrial activities trigger an increase in carbon emissions flaring which in return translates into environmental degradation. This outcome has inherent policy implications which are further discussed in the conclusion section. Finally, the last section of this dissertation dwells on electricity consumption, carbon dioxide emissions and economic growth for the case of Zimbabwe. To achieve this, the study set off by examining the stationarity properties of the variables under review with the Zivot-Andrews (1992) unit root test that accounts for a single structural break. Subsequently, Maki (2012) cointegration test, which accounts for multiple structural breaks, is applied for equilibrium relationship between the variables under review while the long run regression of dynamic ordinary least square (DOLS) is employed for long-run coefficients as estimation procedures. In order to account for the direction of causality flow the Toda-Yamamoto (1995) causality test is used for annual frequency data set spanning from 1971-2014. Empirical evidence from the Maki cointegration test shows that there exists a long-run equilibrium relationship between electricity consumption, carbon dioxide emissions and real gross domestic product per capita over the sampled period. The long-run regression suggests that there exists a positive statistically significant relationship between real income and electricity consumption. Thus, corroborating the electricity-led growth hypothesis. This result is supported by the causality test, as one-way causality is observed running from electricity consumption to real gross domestic product. Thus, this is suggestive to government administrators and policymakers that the Zimbabwean economy is electricity dependent. However, there is a tradeoff for environmental quality. As increase in electricity consumption increases carbon dioxide emissions. The need for diversification of Zimbabwe energy portfolio to cleaner and environmentally friendly energy sources is recommended given the world global consciousness for cleaner energy consumption. Keywords: Energy conservation hypothesis, energy consumption, combined cointegration, Dynamic causality, Renewable energy consumption, non-renewable, Electricity Consumption, Economic Growth, Maki Cointegration, South Africa, and Pakistan. ÖZ: İnsan faaliyetlerinin ekosistem ve çevre üzerindeki sonuçlarının kendine has etkileri vardır. Bu, enerji planını ve eylem planlarını formüle etme zorunluluğuyla ilgilenen enerji ekonomisti / çevre pratisyenleri ve hükümet yetkilileri arasında güncel bir konu olmuştur. Bu nedenle, çevresel problemlerin kök nedenini dikkatlice araştırmak ve çevrenin korunmasına karşı önlem almanın olası yollarını önerme ihtiyacı, yeşil enerji kaynaklarına karşı küresel bilinçlenme döneminde geçerlidir. Bu tez, bu motivasyona dayanmaktadır. Tez dört bölüme ayrılmıştır. İlk olarak, Güney Afrika'da 1960'tan 2016'ya enerji kullanımı ve ekonomik büyüme ilişkisi, sermaye, emek ve karbondioksit emisyonları dikkate alınarak araştırılmıştır. Bu ilişkiyi araştırmak için Bayer ve Hanck (2013) eşbütünleşme yaklaşımı, Pesaran ve ark. (2001) sınır testi ve Kripfganz ve Schneider (2018) kritik değerleri ve yaklaşık p değerleri uygulanmıştır. Ampirik kanıt, incelenen değişkenler arasında uzun dönemli bir ilişki olduğunu desteklemektedir. Granger nedensellik testi, enerji kaynaklı büyüme hipotezini doğrulayarak, enerji kullanımından ekonomik büyümeye tek yönlü bir nedensellik ilişkisi olduğunu göstermektedir. Çalışmamızda, uzun vadede enerji kullanımı ile ekonomik büyüme arasında ters U şeklinde bir ilişki bulunmuştur. Bu bulgu, daha yüksek bir ekonomik gelişme düzeyinde, enerji tüketiminde daha az yoğunlaşma olduğunu, dolayısıyla Güney Afrika'da enerji verimliliğini doğrularken enerji yoğunluğunda bir düşüş olduğunu göstermektedir. Tezin ikinci kısmında, bir karbon fonksiyonunda yenilenebilir enerji tüketimi, yenilenemeyen enerji tüketimi ve ekonomik büyüme arasındaki uzun dönem ve nedensellik ilişkisi incelenmektedir. Bu çalışma, kiralanan doğal kaynaklar modele ek bir değişken olarak dahil edilmiştir. Ampirik sonuçlar, seçilen AB-16 ülkeleri için yıllık 1996-2014 dönemleri arasındaki dengeli bir panel verilerine dayanmaktadır. Kao testi, karbondioksit emisyonları, ekonomik büyüme, doğal kaynaklar kirası, yenilenebilir ve yenilenemeyen enerji tüketimi arasında bir uzun dönemli bir ilişki olduğunu ortaya koymaktadır. Panel Havuzlanmış Ortalama Grup-Gecikmesi dağıtılmış otoregresif model (PMG-ARDL) sonuçları, uzun vadede ülkelerin doğal kaynak kirası ve CO2 emisyonları arasında pozitif bir ilişki olduğunu göstermektedir. Koruma ve yönetim seçeneklerinin göz ardı edilmesi durumunda, doğal kaynak kirasına aşırı bağımlılığın panel ülkelerinin çevresel sürdürülebilirliğini etkilediği ortaya konmuştur. Çalışmamız, yenilenemeyen enerji tüketiminin ve ekonomik büyümenin karbon salınımını artırdığını, yenilenebilir tüketimin CO2 emisyonlarını azalttığını doğrulamaktadır. Panel nedensellik analizi, ekonomik büyüme, yenilenebilir ve yenilenemeyen enerji tüketimi arasında bir geri bildirim mekanizması ortaya koymaktadır. Ayrıca, doğal kaynak kirası ile ekonomik büyüme arasında bir geri beslemeli nedensellik ilişkisi bulunmuştur. Özellikle sürdürülebilir kalkınma hedeflerine ulaşmak için daha temiz ve çevre dostu enerji kaynaklarına yönelik etkili politika sonuçları çizilebilir. Bu tezin üçüncü kısmı, Pakistan için elektrik kaynaklı büyüme hipotezi üzerine yeni bir bakış açısı sunmaktadır. Tez, Pakistan'da elektrik tüketimi, reel gayri safi yurtiçi hasıla ve karbondioksit emisyonları arasındaki ilişkiyi incelemektedir. Bu amaçla, çalışmamız, yapısal kırılmayı dikkate alan ekonometrik analizler için 1971-2014 yılları arasındaki yıllık verilere dayanmaktadır. Maki eşbütünleşme testine göre, elektrik tüketimi, ekonomik büyüme ve karbondioksit emisyonları arasında uzun dönemli ilişki vardır. Toda-Yamamoto nedensellik testinden elde edilen ampirik bulgular: (i) Ekonomik büyümeden elektrik tüketimine tek yönlü bir nedensellik ilişkisi bulunmuştur. Bu nedenle, bu çalışma muhafazakâr hipotezini doğrular, yani Pakistan'da muhafazakâr enerji stratejileri ekonomik ilerlemeye zarar veremez. (ii) elektrik tüketiminden karbondioksit emisyonlarına da tek yönlü nedensellik ilişkisi bulunmuştur. Bu sonuca göre, endüstriyel faaliyetler, karbon salınımında bir artışa neden olur ve bunun karşılığında çevresel bozulmaya neden olduğu bulunmuştur. Son olarak, bu tezin son bölümünde, Zimbabwe için elektrik tüketimi, karbondioksit emisyonları ve ekonomik büyüme ilişkisi ele alınmıştır. Bu amaçla çalışmada öncelikle, incelenen değişkenlerin durağanlık özelliklerini incelemek için tek bir yapısal kırılmayı dikkate alan Zivot-Andrews (1992) birim kök testi uygulanmıştır. Daha sonra, birden fazla yapısal kırılmayı hesaba katan Maki (2012) eşbütünleşme testi incelenen değişkenler arasındaki denge ilişkisine uygulanırken, dinamik en küçük kareler yöntemi (DOLS) uzun dönem regresyonu tahmin prosedürleri olarak uzun dönem katsayıları için kullanılır. Nedensellik ilişkisinin yönünü belirleyebilmek için, Toda-Yamamoto (1995) nedensellik testi, 1971-2014 arasında değişen yıllık frekans verileri için kullanılmıştır. Maki eşbütünleşme testinden elde edilen ampirik sonuçlara göre, incelenen dönemde elektrik tüketimi, karbondioksit emisyonları ve kişi başına düşen reel gayri safi yurtiçi hasıla arasında uzun dönemli bir ilişki bulunmuştur. Uzun dönem regresyon sonuçları ise reel gelir ile elektrik tüketimi arasında istatistiksel olarak anlamlı bir ilişki olduğunu göstermektedir. Böylece, elektrik kaynaklı büyüme hipotezini desteklemektedir. Bu sonuç nedensellik testi ile de desteklenmektedir, çünkü elektrik tüketiminden reel gayri safi yurtiçi hasılaya doğru tek yönlü nedensellik ilişkisi gözlemlenmiştir. Bu nedenle, devlet yöneticileri ve politika yapıcılar için Zimbabwe ekonomisinin elektriğe bağlı olduğu öne sürülmektedir. Ancak, çevresel kalite için bir dezavantaj var. Elektrik tüketimindeki artış, karbondioksit emisyonunu artırdıkça. Zimbabwe enerji portföyünün daha temiz ve çevre dostu enerji kaynaklarına çeşitlendirilmesi ihtiyacı, daha temiz enerji tüketimi konusunda dünyaya duyduğu dünya bilinci göz önünde bulundurulması önerilir. Anahtar Kelimeler: Enerji tasarrufu hipotezi, enerji tüketimi, kombine eşbütünleşme, Dinamik nedensellik, Yenilenebilir enerji tüketimi, Yenilenemeyen enerji tüketimi, Ekonomik Büyüme, Maki Eşbütünleşme, Güney Afrika ve Pakistan. Doctor of Philosophy in Economics. Thesis (Ph.D.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Economics, 2019. Co-Supervisor: Assoc. Prof. Dr. Leila Dagher, Supervisor: Prof. Dr. Mehmet Balcılar.
- Published
- 2019
9. Environmental degradation, energy consumption and sustainable development: Accounting for the role of economic complexities with evidence from World Bank income clusters.
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Adedoyin, Festus Fatai, Nwulu, Nnamdi, and Bekun, Festus Victor
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SUSTAINABLE consumption ,ENVIRONMENTAL degradation ,SUSTAINABLE development ,SUSTAINABILITY ,CARBON emissions ,ENERGY consumption ,ENVIRONMENTAL auditing - Abstract
The anthropogenic consequences of renewable and non‐renewable energy consumption, economic growth, and air transport have been assessed enormously in the literature. However, given the complexities in many economies of the world today, it is important to reassess the ecological concerns of these factors in light of the Environmental Kuznets Curve framework. Therefore, this current study investigates the global assessment using data from World Bank Development database from 1995 to 2016. Evidence from the method employed, sys‐GMM, revealed that the economic complexities index increases the carbon emission in low‐income groups while it significantly decreases the carbon emission for upper‐middle and high‐income groups. For the combined group, the EKC hypothesis holds, and ECI significantly hampers carbon emissions. For the other variables, it is worthy of note that (1) economic growth contributes to the high carbon contents across the income group especially for low‐income, upper‐middle‐income and high‐income group; (2) the effects of air transport on carbon emission is positive for lower‐middle‐income and high‐income group and negative for the upper‐middle‐income group; (3) the use of coal rents and energy use leads to high release of carbon contents across all the income groups; and (4) a significant increase in the utilization of energy leads to increase in carbon contents except for lower‐income group, it leads to a decrease. From this empirical assessment, vital energy policy directions are suggested. [ABSTRACT FROM AUTHOR]
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- 2021
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10. Race to carbon neutrality in South Africa: What role does environmental technological innovation play?
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Bekun, Festus Victor
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ENVIRONMENTAL quality , *ENERGY consumption , *SUSTAINABLE development , *SUSTAINABILITY , *CARBON offsetting , *POLLUTION , *TECHNOLOGICAL innovations , *CARBON nanofibers - Abstract
Governments worldwide have prioritized carbon reduction and neutrality to address the escalating threat of climate change. These goals are in line with the United Nations Sustainable Development Goals (UNSDG-13). These goals stress taking action on climate change to lessen the bad effects of human activities and using fossil fuels for energy. To this end, the present study investigates the connection between conventional energy usage, agricultural practices, economic growth, and their impact on environmental sustainability in South Africa. Additionally, it explores the role of renewable energy consumption and environmental technological innovation in mitigating these effects. To achieve the study objectives, a carbon-income function is fitted with an annual frequency data from 1975 to 2020. The present study leverages on Pesaran's Autoregressive distributed lag (ARDL) method and for robustness analysis the dynamic ARDL simulations method to simultaneously explore the short and long-run coefficients of the study's outlined variables. Empirical analysis, confirmed by bounds testing for cointegration, reveals a long-term equilibrium relationship among the variables considered. Notably, economic growth, fossil fuel energy consumption, and agricultural activities have adverse effects on environmental sustainability in South Africa, indicating a trade-off between economic growth and environmental quality. Dynamic ARDL simulations provide further evidence of an Environmental Kuznets Curve (EKC) phenomenon. However, renewable energy consumption and environmental technological innovation positively influence environmental quality. These findings highlight the imperative for South Africa and its stakeholders to adopt green growth policies and transition to cleaner energy alternatives. • This study explored nexus between environmental pollution, economic growth, and environmental technological innovation in South Africa • Utilisation of Autoregressive distributed lag (ARDL) estimators were employed • Agricultural activities dampens environmental sustainability in South Africa • Green growth policies should be pursued in South Africa energy mix [ABSTRACT FROM AUTHOR]
- Published
- 2024
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11. Renewables as a pathway to environmental sustainability targets in the era of trade liberalization: empirical evidence from Turkey and the Caspian countries
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Mehmet Alagöz, Festus Victor Bekun, Stephen Taiwo Onifade, Savaş Erdoğan, and Bekun, Festus Victor
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Turkey ,Health, Toxicology and Mutagenesis ,010501 environmental sciences ,01 natural sciences ,EKC ,Globalization ,Turkey and Caspian countries ,Economics ,Trade ,Environmental Chemistry ,Environmental sustainability ,Renewable Energy ,Empirical evidence ,CO2 emission reduction ,Free trade ,Environmental quality ,0105 earth and related environmental sciences ,Sustainable development ,business.industry ,General Medicine ,Energy consumption ,International economics ,Carbon Dioxide ,Sustainable Development ,Pollution ,Renewable energy ,Sustainability ,Economic Development ,business - Abstract
The quest for improved environmental quality through low-carbon emission has been explored in this study in the wake of the growing call for a transition to renewable energy use amidst widening trade relations between Turkey and the countries in the Caspian region including Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan. This study draws strength from the United Nations Sustainable Development Goals (UN-SDGs) and their impact by 2030. These SDGs encompass pertinent targets on responsible energy consumption (SDG-12), access to clean and affordable energy (SDG-7), and climate change action (SDG-13). Empirical evidence from the dynamic ordinary least squares (DOLS) technique corroborated by the fully modified ordinary least squares (FMOLS) technique shows that a percent rise in renewable energy consumption level significantly abates carbon emission among these countries by about 0.26% while growing globalization vis-à-vis a percent increase in openness to trade significantly hampers environmental quality via inducement of carbon emission level by 0.32%. Extended findings from the Granger causality analysis corroborate the significance of the long-run coefficients with regard to the double-edged benefits of renewable energy consumption in enhancing both environmental quality and income levels through lower carbon emission and sustainable economic growth stimulations among the countries. The study confirmed the inverted U-shape relation between income growth and environmental deterioration, thus validating the EKC hypothesis for Turkey and the Caspian countries. This suggests that both blocs are still at the scale stage of their growth trajectory, where the emphasis is focused on increasing income level relative to environmental sustainability. As such, important policy measures were provided in the concluding section of this study.
- Published
- 2021
12. Environmental degradation, energy consumption and sustainable development: Accounting for the role of economic complexities with evidence from World Bank income clusters
- Author
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Festus Victor Bekun, Nnamdi Nwulu, Festus Fatai Adedoyin, and Bekun, Festus Victor
- Subjects
Natural resource economics ,Strategy and Management ,environmental degradation ,Geography, Planning and Development ,coal rents ,010501 environmental sciences ,Management, Monitoring, Policy and Law ,01 natural sciences ,energy use ,Energy policy ,Kuznets curve ,environmental policy ,0502 economics and business ,Economics ,air transportation ,environmental sustainability ,income clusters ,Business and International Management ,economic complexity index ,Environmental degradation ,0105 earth and related environmental sciences ,Sustainable development ,05 social sciences ,emissions ,Energy consumption ,economic growth ,Greenhouse gas ,Economic complexity index ,Sustainability ,050203 business & management - Abstract
The anthropogenic consequences of renewable and non-renewable energy consumption, economic growth, and air transport have been assessed enormously in the literature. However, given the complexities in many economies of the world today, it is important to reassess the ecological concerns of these factors in light of the Environmental Kuznets Curve framework. Therefore, this current study investigates the global assessment using data from World Bank Development database from 1995 to 2016. Evidence from the method employed, sys-GMM, revealed that the economic complexities index increases the carbon emission in low-income groups while it significantly decreases the carbon emission for upper-middle and highincome groups. For the combined group, the EKC hypothesis holds, and ECI significantly hampers carbon emissions. For the other variables, it is worthy of note that (1) economic growth contributes to the high carbon contents across the income group especially for low-income, upper-middle-income and high-income group; (2) the effects of air transport on carbon emission is positive for lower-middle-income and high-income group and negative for the upper-middle-income group; (3) the use of coal rents and energy use leads to high release of carbon contents across all the income groups; and (4) a significant increase in the utilization of energy leads to increase in carbon contents except for lower-income group, it leads to a decrease. From this empirical assessment, vital energy policy directions are suggested.
- Published
- 2021
13. Roadmap for Climate Alliance Economies to vision 2030: Retrospect and Lessons
- Author
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Festus Fatai Adedoyin, Festus Victor Bekun, Andrew Adewale Alola, Bekun, Festus Victor, and Alola, Andrew Adewale
- Subjects
Distributed lag ,Macroeconomics ,Paris ,Renewable energy ,Health, Toxicology and Mutagenesis ,010501 environmental sciences ,Environment ,CO2 emissions ,01 natural sciences ,Non-renewable energy ,Kuznets curve ,Economics ,Environmental Chemistry ,media_common.cataloged_instance ,European Union ,European union ,Global environmental analysis ,Non-renewable resource ,Economic growth ,0105 earth and related environmental sciences ,media_common ,business.industry ,Energy mix ,General Medicine ,Energy consumption ,Carbon Dioxide ,Pollution ,Economic Development ,business - Abstract
The United Nations Climate Conference 25, held in December 2019, reached a significant agreement against implementing the Paris agreement come 2020. Bound by the contract, 189 countries who are party to the deal agreed to constrain worldwide temperature to ascend to 1.5 degrees Celsius. To this end, the present study attempts to investigate the readiness of selected countries in the European Union to implement the agreement, which will better the quality of the global environment. In line with this, this study appraises the connection between economic growth, renewable and non-renewable energy consumption, on emissions in 11 countries in the European Union from 1990 to 2016. The study utilises the Pooled Mean Group-Auto Regressive Distributed Lag (PMG-ARDL) model estimator and Dumitrescu and Hurlin Panel Causality analysis to analyse the long-run and short-run impact and direction of causality among these factors, respectively. The long-run study's empirical results show a U-shaped Environmental Kuznets Curve (EKC) and a negative connection between renewable energy use and emissions in the EU-11 countries. In the short-run, non-renewable energy use worsens CO2 emissions while renewable energy use leads to a fall in emissions. Similarly, causality tests show a feedback mechanism between emissions and renewable energy use and between non-renewable energy and renewable use. Also, there is unidirectional causality from income to CO2 emissions, non-renewable energy use to CO2 emissions. The investigation recommends an expanded proportion of renewable energy sources in the EU countries' energy mix to cut down on emissions.
- Published
- 2021
14. Does agricultural development induce environmental pollution in E7? A myth or reality
- Author
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Murad A. Bein, Festus Victor Bekun, Festus Fatai Adedoyin, Bright Akwasi Gyamfi, and Bekun, Festus Victor
- Subjects
Distributed lag ,Natural resource economics ,Health, Toxicology and Mutagenesis ,Environmental pollution ,E7 countries ,010501 environmental sciences ,CO2 emissions ,01 natural sciences ,Economics ,Environmental Chemistry ,Humans ,Renewable Energy ,Environmental degradation ,Economic growth ,0105 earth and related environmental sciences ,Sustainable development ,Short run ,business.industry ,Agriculture ,General Medicine ,Energy consumption ,Carbon Dioxide ,Pollution ,Renewable energy ,Economic Development ,business ,Environmental Pollution ,Agricultural development - Abstract
Environmental degradation caused by various human activities has been a subject of attention over the globe. There is a concern on how to maintain a clean environment and at the same time achieve optimum production of food and non-food products amidst global energy demand. To this end, this study examines the impact of agricultural development, energy use, and economic growth on CO2 emissions in the emerging seven countries that comprises China, India, Brazil, Mexico, Russia, Indonesia, and Turkey for the annual time frequency from 1990 to 2016. The study uses a battery of econometrics techniques for soundness of analysis the consist of pooled mean group autoregressive distributed lag methodology, dynamic ordinary least squares, and fully modified ordinary least squares as estimation techniques alongside Dumitrescu and Hurlin causality test for the direction of causality analysis. Empirical results revealed that value-added agriculture and economic growth are drivers of CO2 emission in the E7 countries, and the rise in renewable energy causes a reduction in CO2 emissions, while in the short run, economic growth has a positive impact on emissions in the focus countries. Causality analysis shows that there is a feedback causality between economic growth and emissions, between value-added agriculture and energy usage, between emission and value-added agriculture, and between economic growth and agricultural development. Furthermore, energy use does not cause emissions directly; it causes economic growth and value-added agriculture which causes emissions. This position aligns with the advocacy of the United Nations Sustainable Development Goal (UN-SDG) Targets 7 and 13 of clean energy access and mitigation of climate changes issues.
- Published
- 2021
15. The anthropogenic consequences of energy consumption in E7 economies: Juxtaposing roles of renewable, coal, nuclear, oil and gas energy: Evidence from panel quantile method
- Author
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Festus Victor Bekun, Divine Quazie Agozie, Bright Akwasi Gyamfi, Murad A. Bein, Festus Fatai Adedoyin, and Bekun, Festus Victor
- Subjects
Energy utilization ,Regulatory quality and E7 countries ,020209 energy ,Strategy and Management ,Environmental pollution ,02 engineering and technology ,Industrial and Manufacturing Engineering ,0202 electrical engineering, electronic engineering, information engineering ,Economics ,Coal ,Environmental sustainability ,Coal rents ,0505 law ,General Environmental Science ,Consumption (economics) ,Renewable Energy, Sustainability and the Environment ,business.industry ,05 social sciences ,Fossil fuel ,Building and Construction ,Energy consumption ,Renewable energy ,Real gross domestic product ,Economy ,050501 criminology ,business ,Energy source ,CO2 pollution - Abstract
The emerging industrialized seven (E7) economies are not excluded from the global warming issues which is a major problem for most economies. The E7 member countries have partaken in policies to mitigate against global warming in terms of decoupling CO2 emission from economic growth trajectory in the highlighted economies. It is on this premise that the present study is motivated to consider the connection among economic growth, pollutant emissions, coal rent while accounting for the role of other co-variates such as CO2 damage and energy from a nuclear energy source, oil gas energy between 1990 and 2016 on an annual frequency. This study adopts the use of panel ordinary least squares alongside panel quantile regression to explore the coal rent-energy and environment nexus. The empirical result shows a positive and significant effect of both real GDP and coal rent on CO2 emissions. More precisely, a 1% increase in GDP growth increases pollution emission by 0.400% while for coal rent, an increase in coal consumption dampens environmental quality by 0.088% as reported by the panel regression which is resonated by the quantile regression estimations at different tails of the data. Nevertheless, we observe that 0.95 percentile GDP growth strongly contributes to environmental pollution while at the median tail i.e. 0.5 percentile renewable energy consumption dampens the adverse effect of environmental degradation. Additionally, renewable energy, on the other hand, was found a negative and significant impact on CO2 emissions in E7 countries as a 1% increase in renewable energy consumption improves environmental quality by 0.588% Moreover, the estimated results indicate that regulation of coal consumption through the rent in addition to the cost of carbon damage will further increase the CO2 emissions in E7 countries. This study implies that putting stringent regulations on coal consumption as it concerns the increasing cost of carbon damage will not be of help to environmental sustainability within the E7 economies. The adoption of renewable energy consumption, nuclear energy, oil energy will reduce CO2 emissions in E7 countries. Thus, suggesting a paradigm shift for low-carbon energy sources which are more environmentally friendly.
- Published
- 2021
16. Modeling the dynamic Nexus among coal consumption, pollutant emissions and real income: empirical evidence from South Africa
- Author
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Mfonobong Udom Etokakpan, Cosimo Magazzino, Festus Victor Bekun, Gizem Uzuner, Magazzino, C, Bekun Festus, Victor, Etokakpan Mfonobong, Udom, and Uzuner, Gizem
- Subjects
causality ,coal consumption ,Natural resource economics ,Health, Toxicology and Mutagenesis ,010501 environmental sciences ,pollutant emissions ,01 natural sciences ,South Africa ,Granger causality ,Environmental Kuznets Curve ,Economics ,Environmental Chemistry ,Environmental degradation ,Economic growth ,0105 earth and related environmental sciences ,Consumption (economics) ,Real income ,Models, Statistical ,Coal consumption ,real income ,Energy mix ,General Medicine ,Energy consumption ,Carbon Dioxide ,Pollution ,Coal ,Environmental Pollutants ,Unit root ,Economic Development ,Energy source ,Environmental Monitoring - Abstract
This study explores the interaction among coal consumption, pollutant emissions, and real income for South Africa in a multivariate setting. To achieve this objective, annual frequency data spanning from 1965 to 2017 is used for analysis. A series of econometrics tests were conducted ranging from stationarity and non-stationarity tests for unit root properties of the variables under consideration. Empirical evidence finds support for the inverted U-shaped pattern between energy consumption and environmental degradation in South Africa. The Toda-Yamamoto Granger causality test shows a feedback causality between economic growth and carbon dioxide emissions, as well as between GDP and coal consumption. All these highlighted findings have inherent environmental implications. Based on these outcomes, policy directions such as diversification of the South Africa energy mix to renewables and cleaner energy sources and also the adoption of carbon capturing and storage techniques were suggested to engender a cleaner and friendlier environment.
- Published
- 2020
17. Environmental consequences of economic complexities in the EU amidst a booming tourism industry: Accounting for the role of brexit and other crisis events.
- Author
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Fatai Adedoyin, Festus, Agboola, Phillips O., Ozturk, Ilhan, Bekun, Festus Victor, and Agboola, Mary Oluwatoyin
- Subjects
- *
ECONOMIC impact , *TOURISM , *BRITISH withdrawal from the European Union, 2016-2020 , *CARBON emissions , *KUZNETS curve - Abstract
The European Union (EU) is one of the strongest, but most complex unions in the world with a competitive tourism industry. The aim of this study, therefore, is to account for economic complexity index (ECI), Brexit and other crisis episodes in the growth-energy-emissions nexus. Theoretically, the traditional Environmental Kuznets Curve (EKC) model is assessed by adopting a One-step System Generalized Method of Moment (Sys GMM) on data for 26 EU member states over the period from 1995 to 2018. For the first time, an EU-macro regional analysis is conducted with and without the UK. Empirical results reveal that an increase in tourism, real GDP per capita, and energy use across the four EU macro regions leads to increase in carbon emission. In some regions, it was observed that tourism, ECI, Brexit, and the Greece bailout have no significant impact on carbon emission. This suggests that the increase in international travel, complexity of the economy, and financial crisis do not accelerate environmental crisis in such regions. However, where such factors are statistically significant, Brexit and the Greece bailout crisis both heighten emissions. Particularly, when the UK is excluded, Brexit and the Greece bailout crisis increase and reduce emissions, respectively. The EKC hypothesis, however, holds in either scenario. Based on these empirical findings, vital policy directions are suggested for a post-Brexit EU-UK energy and environmental relations. • We examined ECI, Brexit and other crisis episodes in the growth-energy-emissions nexus. • An increase in tourism, real GDP per capita, and energy use lead to increase in carbon emission. • In some regions, tourism, ECI, Brexit, and the Greece bailout have no significant impact on carbon emission. • When the UK is excluded, Brexit and the Greece bailout crisis increase and reduce emissions, respectively. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
18. The anthropogenic consequences of energy consumption in E7 economies: Juxtaposing roles of renewable, coal, nuclear, oil and gas energy: Evidence from panel quantile method.
- Author
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Gyamfi, Bright Akwasi, Adedoyin, Festus Fatai, Bein, Murad A., Bekun, Festus Victor, and Agozie, Divine Q.
- Subjects
- *
NUCLEAR energy , *ENERGY consumption , *COAL , *ENVIRONMENTAL quality , *PETROLEUM industry , *AUTOMOBILE emissions - Abstract
The emerging industrialized seven (E7) economies are not excluded from the global warming issues which is a major problem for most economies. The E7 member countries have partaken in policies to mitigate against global warming in terms of decoupling CO 2 emission from economic growth trajectory in the highlighted economies. It is on this premise that the present study is motivated to consider the connection among economic growth, pollutant emissions, coal rent while accounting for the role of other co-variates such as CO 2 damage and energy from a nuclear energy source, oil gas energy between 1990 and 2016 on an annual frequency. This study adopts the use of panel ordinary least squares alongside panel quantile regression to explore the coal rent-energy and environment nexus. The empirical result shows a positive and significant effect of both real GDP and coal rent on CO 2 emissions. More precisely, a 1% increase in GDP growth increases pollution emission by 0.400% while for coal rent, an increase in coal consumption dampens environmental quality by 0.088% as reported by the panel regression which is resonated by the quantile regression estimations at different tails of the data. Nevertheless, we observe that 0.95 percentile GDP growth strongly contributes to environmental pollution while at the median tail i.e. 0.5 percentile renewable energy consumption dampens the adverse effect of environmental degradation. Additionally, renewable energy, on the other hand, was found a negative and significant impact on CO 2 emissions in E7 countries as a 1% increase in renewable energy consumption improves environmental quality by 0.588% Moreover, the estimated results indicate that regulation of coal consumption through the rent in addition to the cost of carbon damage will further increase the CO 2 emissions in E7 countries. This study implies that putting stringent regulations on coal consumption as it concerns the increasing cost of carbon damage will not be of help to environmental sustainability within the E7 economies. The adoption of renewable energy consumption, nuclear energy, oil energy will reduce CO 2 emissions in E7 countries. Thus, suggesting a paradigm shift for low-carbon energy sources which are more environmentally friendly. [Display omitted] • We explore the nexus between renewables, nuclear, coal, oil, gas energy on CO 2 emission in E7. • Coal rent and renewable energy decreases CO 2 emission in E7 countries. • Energy diversification in the E7 countries can abate global dwindling energy market. • Environmental sustainability is obtained by decoupling CO 2 emission from economic growth. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
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