Contribution of hydro energy production, economic complexity and technological innovation in achieving an environmentally sustainable Asia

IF 8.5 1区地球科学 Q1 GEOSCIENCES, MULTIDISCIPLINARY Geoscience frontiers Pub Date : 2024-06-09 DOI:10.1016/j.gsf.2024.101876

Farah Rana , Bilal Hussain , Abdelmohsen A. Nassani , Ayesha Hussain , Mohamed Haffar , Syed Asif Ali Naqvi

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Abstract

The impact of hydro energy production, economic complexity, urbanization, technological innovation and financial development on environmental sustainability between 1995 and 2017 is examined for a panel of thirteen Asian economies using two environmental proxies— their ecological footprint and CO₂ emissions. The non-parametric Driscoll-Kraay standard error method and the Dumitrescu-Hurlin panel causality test are applied to the data. Our findings show that hydro energy production and technological innovation have a significant negative impact on the environment, thus promoting environmental sustainability. Economic complexity significantly lowers environmental sustainability while the non-linear effect of economic complexity favors environmental sustainability; this confirms the existence of an economic-complexity-based inverted-U-shaped environmental Kuznets curve hypothesis. Moreover, urbanization and financial development significantly decrease environmental sustainability. The results of our study confirm the feedback causality between hydro energy production and carbon dioxide emissions. We recommend expansionary policies regarding hydro energy production that are beneficial for substituting fossil fuel energy. This paves a path towards environmental sustainability in this era of global boiling.

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水能生产、经济复杂性和技术创新对实现环境上可持续的亚洲的贡献

本文使用两个环境代用指标--生态足迹和二氧化碳排放量，研究了 1995 年至 2017 年间水能生产、经济复杂性、城市化、技术创新和金融发展对 13 个亚洲经济体的环境可持续性的影响。数据采用了非参数 Driscoll-Kraay 标准误差法和 Dumitrescu-Hurlin 面板因果检验法。我们的研究结果表明，水能生产和技术创新对环境有显著的负面影响，从而促进了环境的可持续性。经济复杂性明显降低了环境可持续性，而经济复杂性的非线性效应则有利于环境可持续性；这证实了基于经济复杂性的倒 U 型环境库兹涅茨曲线假说的存在。此外，城市化和金融发展也会显著降低环境可持续性。我们的研究结果证实了水能生产与二氧化碳排放之间的反馈因果关系。我们建议采取有利于替代化石燃料能源的水能生产扩张政策。这为在全球沸腾的时代实现环境可持续性铺平了道路。

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来源期刊

Geoscience frontiers Earth and Planetary Sciences-General Earth and Planetary Sciences

CiteScore

17.80

自引率

3.40%

发文量

147

审稿时长

35 days

期刊介绍： Geoscience Frontiers (GSF) is the Journal of China University of Geosciences (Beijing) and Peking University. It publishes peer-reviewed research articles and reviews in interdisciplinary fields of Earth and Planetary Sciences. GSF covers various research areas including petrology and geochemistry, lithospheric architecture and mantle dynamics, global tectonics, economic geology and fuel exploration, geophysics, stratigraphy and paleontology, environmental and engineering geology, astrogeology, and the nexus of resources-energy-emissions-climate under Sustainable Development Goals. The journal aims to bridge innovative, provocative, and challenging concepts and models in these fields, providing insights on correlations and evolution.