Mumtaz Ali, Ahmed Samour, Suhaib Ahmed Soomro, Waqar Khalid, Turgut Tursoy
{"title":"A step towards a sustainable environment in top-10 nuclear energy consumer countries: The role of financial globalization and nuclear energy","authors":"Mumtaz Ali, Ahmed Samour, Suhaib Ahmed Soomro, Waqar Khalid, Turgut Tursoy","doi":"10.1016/j.net.2024.08.011","DOIUrl":null,"url":null,"abstract":"Nuclear energy is considered an effective means of enhancing environmental sustainability. Considering this point, this study aims to explore the impact of nuclear energy, financial globalization, technological innovation, and economic growth on ecological sustainability in the top-10 nuclear energy-consuming economies from 1995 to 2020. The load capacity factor is used as a novel proxy for ecological sustainability, explaining how human actions affect ecological sustainability and how nature compensates for human-induced damage. The study employs a novel non-parametric MMQR approach to obtain coefficients across heterogeneous quantiles. The MMQR estimation findings indicate that: (i) nuclear and renewable energy consumption and financial globalization promote environmental sustainability by increasing the LCF; (ii) economic growth degrades ecological sustainability by decreasing the LCF; and (iii) the results from Granger causality suggest a causal link among economic growth, technological innovation, nuclear energy, and LCF. The study recommends that the governments of the top-10 nuclear energy-consuming countries facilitate more investment in green technologies and green energy to achieve environmental sustainability.","PeriodicalId":19272,"journal":{"name":"Nuclear Engineering and Technology","volume":null,"pages":null},"PeriodicalIF":2.6000,"publicationDate":"2024-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Nuclear Engineering and Technology","FirstCategoryId":"5","ListUrlMain":"https://doi.org/10.1016/j.net.2024.08.011","RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"NUCLEAR SCIENCE & TECHNOLOGY","Score":null,"Total":0}
引用次数: 0
Abstract
Nuclear energy is considered an effective means of enhancing environmental sustainability. Considering this point, this study aims to explore the impact of nuclear energy, financial globalization, technological innovation, and economic growth on ecological sustainability in the top-10 nuclear energy-consuming economies from 1995 to 2020. The load capacity factor is used as a novel proxy for ecological sustainability, explaining how human actions affect ecological sustainability and how nature compensates for human-induced damage. The study employs a novel non-parametric MMQR approach to obtain coefficients across heterogeneous quantiles. The MMQR estimation findings indicate that: (i) nuclear and renewable energy consumption and financial globalization promote environmental sustainability by increasing the LCF; (ii) economic growth degrades ecological sustainability by decreasing the LCF; and (iii) the results from Granger causality suggest a causal link among economic growth, technological innovation, nuclear energy, and LCF. The study recommends that the governments of the top-10 nuclear energy-consuming countries facilitate more investment in green technologies and green energy to achieve environmental sustainability.
期刊介绍:
Nuclear Engineering and Technology (NET), an international journal of the Korean Nuclear Society (KNS), publishes peer-reviewed papers on original research, ideas and developments in all areas of the field of nuclear science and technology. NET bimonthly publishes original articles, reviews, and technical notes. The journal is listed in the Science Citation Index Expanded (SCIE) of Thomson Reuters.
NET covers all fields for peaceful utilization of nuclear energy and radiation as follows:
1) Reactor Physics
2) Thermal Hydraulics
3) Nuclear Safety
4) Nuclear I&C
5) Nuclear Physics, Fusion, and Laser Technology
6) Nuclear Fuel Cycle and Radioactive Waste Management
7) Nuclear Fuel and Reactor Materials
8) Radiation Application
9) Radiation Protection
10) Nuclear Structural Analysis and Plant Management & Maintenance
11) Nuclear Policy, Economics, and Human Resource Development