This research analyzes drivers of CO2 emissions across ASEAN countries from 1971-2017 to inform effective policies for sustainable decarbonized development. The goal is to identify critical factors influencing emissions growth and reductions to guide strategic climate mitigation planning. Data includes 3128 emissions, GDP, population, and energy consumption observations from 9 ASEAN nations. Results using the Kaya Index and Logarithmic Mean Divisia Index decomposition reveal GDP growth and population as primary drivers of increasing emissions, while energy efficiency dampens growth. Indonesia saw the highest emissions growth, driven by population and economic expansion. Thailand's phenomenal GDP growth of 3003.7% led to its emission increases. Singapore and the Philippines achieved notable reductions. Findings suggest integrated policies like clean energy, efficiency gains, infrastructure planning, and low-carbon economic reform are needed. Transitioning towards affordable clean energy systems with proactive leadership can enable ASEAN to sustain growth while mitigating climate risks. Further research should identify optimal policy mixes to maximize socio-economic progress and welfare while meeting urgent emission targets tailored to each nation. This study provides vital insights into key factors influencing ASEAN emissions and highlights pathways towards sustainable decarbonized development. The analysis of historical trends aims to inform strategic policymaking for decarbonization.
本研究分析了 1971-2017 年东盟各国二氧化碳排放的驱动因素，为可持续脱碳发展的有效政策提供参考。目标是找出影响排放量增长和减少的关键因素，以指导战略性气候减缓规划。数据包括来自 9 个东盟国家的 3128 个排放量、GDP、人口和能源消耗观测值。使用 Kaya 指数和对数平均 Divisia 指数分解的结果显示，GDP 增长和人口是排放增加的主要驱动力，而能源效率则抑制了排放的增长。在人口和经济扩张的推动下，印度尼西亚的排放量增长最快。泰国惊人的 3003.7% 的 GDP 增长导致其排放量增加。新加坡和菲律宾的排放量显著减少。研究结果表明，需要制定清洁能源、提高效率、基础设施规划和低碳经济改革等综合政策。在积极主动的领导下向负担得起的清洁能源系统过渡，可使东盟在缓解气候风险的同时保持增长。进一步的研究应确定最佳的政策组合，以最大限度地提高社会经济进步和福利，同时实现适合每个国家的紧迫排放目标。本研究为影响东盟排放的关键因素提供了重要见解，并强调了实现可持续去碳化发展的途径。对历史趋势的分析旨在为去碳化战略决策提供信息。
{"title":"The Critical Role of Energy Intensity in Decarbonizing ASEAN: Integrating Growth and Emissions Reductions","authors":"Setia Damayanti, Eka Sudarmaji, Herlan Masrio","doi":"10.32479/ijeep.15059","DOIUrl":"https://doi.org/10.32479/ijeep.15059","url":null,"abstract":"This research analyzes drivers of CO2 emissions across ASEAN countries from 1971-2017 to inform effective policies for sustainable decarbonized development. The goal is to identify critical factors influencing emissions growth and reductions to guide strategic climate mitigation planning. Data includes 3128 emissions, GDP, population, and energy consumption observations from 9 ASEAN nations. Results using the Kaya Index and Logarithmic Mean Divisia Index decomposition reveal GDP growth and population as primary drivers of increasing emissions, while energy efficiency dampens growth. Indonesia saw the highest emissions growth, driven by population and economic expansion. Thailand's phenomenal GDP growth of 3003.7% led to its emission increases. Singapore and the Philippines achieved notable reductions. Findings suggest integrated policies like clean energy, efficiency gains, infrastructure planning, and low-carbon economic reform are needed. Transitioning towards affordable clean energy systems with proactive leadership can enable ASEAN to sustain growth while mitigating climate risks. Further research should identify optimal policy mixes to maximize socio-economic progress and welfare while meeting urgent emission targets tailored to each nation. This study provides vital insights into key factors influencing ASEAN emissions and highlights pathways towards sustainable decarbonized development. The analysis of historical trends aims to inform strategic policymaking for decarbonization.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140999885","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
H. Khobai, Sanele Stungwa, Olebogeng Oliphant, Oboile Maphuto, Victor Mofema Mbua
The purpose of this study is to investigate the relationship between poverty and carbon emissions in South Africa covering the period between 1994 and 2020. The study employed the ARDL bounds test to assess the existence of a long run relationship between the variables. The results evidenced existence of a long run relationship between poverty, carbon emissions, economic growth and renewable energy consumption in South Africa. The results are such that carbon emissions have a positive and a significant effect on poverty in the long run. Therefore, with CO2 emissions having a positive influence on poverty, causes more losses in the socioeconomic system and reduces the ability of the population to cope with poverty. Therefore, it is recommended that the government should promote the growth of the South African carbon market, increase enterprise involvement through acceptable price and quota allocation, and work in tandem with other environmental measures to promote sustainable development. This will help alleviate poverty in South Africa.
{"title":"Symmetric Impact of Carbon Emissions on Poverty in South Africa: New Evidence from ARDL Bounds Test","authors":"H. Khobai, Sanele Stungwa, Olebogeng Oliphant, Oboile Maphuto, Victor Mofema Mbua","doi":"10.32479/ijeep.16033","DOIUrl":"https://doi.org/10.32479/ijeep.16033","url":null,"abstract":"The purpose of this study is to investigate the relationship between poverty and carbon emissions in South Africa covering the period between 1994 and 2020. The study employed the ARDL bounds test to assess the existence of a long run relationship between the variables. The results evidenced existence of a long run relationship between poverty, carbon emissions, economic growth and renewable energy consumption in South Africa. The results are such that carbon emissions have a positive and a significant effect on poverty in the long run. Therefore, with CO2 emissions having a positive influence on poverty, causes more losses in the socioeconomic system and reduces the ability of the population to cope with poverty. Therefore, it is recommended that the government should promote the growth of the South African carbon market, increase enterprise involvement through acceptable price and quota allocation, and work in tandem with other environmental measures to promote sustainable development. This will help alleviate poverty in South Africa.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 38","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141000227","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. I. Irfany, Muhammad Ilham Nurhuda Syam, Daffa Aqomal Haq
Environmental degradation especially the spread of emissions per capita in OIC countries has increase very rapidly with one of the factors being sharia bank financing. This study aims to know the financing of sharia banking and the other common factors in influencing emissions per capita in OIC countries. The method that will be used is panel data analysis with the Generalized Least Square (GLS) weighting model Fixed Effect Model (FEM). The results of this study indicate that Islamic bank financing, real GDP per capita, and trade openness have a positive and significant effect on emissions per capita. Then from the results of this study indicate that urbanization has a negative but it’s not significant effect on emissions per capita. The results of this study can be used as a basis for sustainability policies in the government and company regulations such as the application of the concept of green industry and the development of clean and environmentally friendly technologies and sharia banking in OIC countries can provide sustainable financing so that the financing provided is not only profit-oriented but also realizes green financing for the community and companies in general.
伊斯兰会议组织国家的环境退化，特别是人均排放量迅速增加，其中一个因素是伊斯兰教法银行的融资。本研究旨在了解伊斯兰宗教银行的融资情况以及影响伊斯兰会议组织国家人均排放量的其他共同因素。研究将采用广义最小平方（GLS）加权模型固定效应模型（FEM）进行面板数据分析。研究结果表明，伊斯兰银行融资、人均实际 GDP 和贸易开放度对人均排放量有积极而显著的影响。研究结果表明，城市化对人均排放量有负面影响，但不显著。本研究的结果可作为政府和企业制定可持续发展政策的依据，如在伊斯兰会议组织国家应用绿色产业概念、发展清洁环保技术和伊斯兰教法银行业务可提供可持续融资，从而使所提供的融资不仅以利润为导向，还能为社会和企业普遍实现绿色融资。
{"title":"The Impact of Islamic Finance on Carbon Emissions: Lessons from OIC Countries","authors":"M. I. Irfany, Muhammad Ilham Nurhuda Syam, Daffa Aqomal Haq","doi":"10.32479/ijeep.15776","DOIUrl":"https://doi.org/10.32479/ijeep.15776","url":null,"abstract":"Environmental degradation especially the spread of emissions per capita in OIC countries has increase very rapidly with one of the factors being sharia bank financing. This study aims to know the financing of sharia banking and the other common factors in influencing emissions per capita in OIC countries. The method that will be used is panel data analysis with the Generalized Least Square (GLS) weighting model Fixed Effect Model (FEM). The results of this study indicate that Islamic bank financing, real GDP per capita, and trade openness have a positive and significant effect on emissions per capita. Then from the results of this study indicate that urbanization has a negative but it’s not significant effect on emissions per capita. The results of this study can be used as a basis for sustainability policies in the government and company regulations such as the application of the concept of green industry and the development of clean and environmentally friendly technologies and sharia banking in OIC countries can provide sustainable financing so that the financing provided is not only profit-oriented but also realizes green financing for the community and companies in general.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":"208 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141002053","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Environmental economics is increasingly pivotal in addressing global environmental challenges. This study aims to elucidate the research landscape in this field, focusing on prevalent themes such as climate change, carbon emissions, sustainable development, and environmental policy. Employing a bibliometric analysis, we analyzed a substantial corpus of literature from Scopus. We applied Lotka's Law to assess author productivity and distribution and conducted institutional and country-level analyses to map the geographical spread and institutional affiliations in environmental economics research. Our analysis highlights a significant growth in the environmental economics literature, with a notable focus on climate change and sustainability. A concentration of publications among a few authors was observed, indicating influential researchers and potential for increased collaboration. The rise in publications, particularly in China and leading journals like 'The Journal of Cleaner Production,' reflects a global upsurge in environmental economics research. Distinct clusters were identified, covering diverse topics from climate change economics to environmental policy. The study acknowledges limitations due to exclusive reliance on Scopus data, suggesting future research to include other databases like the Web of Science for a more comprehensive analysis. Considering the evolving nature of environmental challenges, we advocate for interdisciplinary approaches and continual updates in research to address emergent trends in this critical field.
环境经济学在应对全球环境挑战方面日益举足轻重。本研究旨在阐明该领域的研究现状，重点关注气候变化、碳排放、可持续发展和环境政策等流行主题。通过文献计量分析，我们对 Scopus 中的大量文献进行了分析。我们运用洛特卡定律评估了作者的生产力和分布情况，并进行了机构和国家层面的分析，以绘制环境经济学研究的地域分布图和机构隶属关系图。我们的分析凸显了环境经济学文献的显著增长，其中以气候变化和可持续性为重点。我们观察到出版物集中在少数作者手中，这表明研究人员具有影响力并有可能加强合作。出版物的增加，尤其是在中国和《清洁生产期刊》等主要期刊上的增加，反映了全球环境经济学研究的蓬勃发展。研究发现了不同的研究集群，涵盖了从气候变化经济学到环境政策等不同主题。研究承认，由于完全依赖 Scopus 数据，因此存在局限性，建议未来的研究纳入其他数据库，如 "科学网"（Web of Science），以进行更全面的分析。考虑到环境挑战不断变化的性质，我们主张采用跨学科方法，不断更新研究内容，以应对这一关键领域的新趋势。
{"title":"Shaping the Future of Environmental Economics: A Bibliometric Review of Current Trends and Future Directions","authors":"Muhamad Subhi Apriantoro, Rizki Dwi Putra Rosadi, Arminda Cahya Ramdhani, Ninik Andriyani","doi":"10.32479/ijeep.15502","DOIUrl":"https://doi.org/10.32479/ijeep.15502","url":null,"abstract":"Environmental economics is increasingly pivotal in addressing global environmental challenges. This study aims to elucidate the research landscape in this field, focusing on prevalent themes such as climate change, carbon emissions, sustainable development, and environmental policy. Employing a bibliometric analysis, we analyzed a substantial corpus of literature from Scopus. We applied Lotka's Law to assess author productivity and distribution and conducted institutional and country-level analyses to map the geographical spread and institutional affiliations in environmental economics research. Our analysis highlights a significant growth in the environmental economics literature, with a notable focus on climate change and sustainability. A concentration of publications among a few authors was observed, indicating influential researchers and potential for increased collaboration. The rise in publications, particularly in China and leading journals like 'The Journal of Cleaner Production,' reflects a global upsurge in environmental economics research. Distinct clusters were identified, covering diverse topics from climate change economics to environmental policy. The study acknowledges limitations due to exclusive reliance on Scopus data, suggesting future research to include other databases like the Web of Science for a more comprehensive analysis. Considering the evolving nature of environmental challenges, we advocate for interdisciplinary approaches and continual updates in research to address emergent trends in this critical field.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141001078","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
T. G. Saji, V. P. Joshith, T. A. Binoy, K. Sravana
This paper explores the price relations between the Crude oil, Gold, US dollar, and equities during several economic episodes. The long- and short-term causal relationships between asset markets are examined in this study. The research uses a ‘Vector Error Correction Model (VECM)’ and an ‘Autoregressive Distributed Lag (ARDL)’ bounds test to examine monthly data from April 1999 to March 2022. The results demonstrate the weak connections between asset markets throughout the different sample periods. Furthermore, the integration of most markets is uneven and changes over time. The currency and equity markets are adjusting to the long-run equilibrium only at a slow pace. We suggest that systematic risk factors must be taken into account while jointly modeling market linkages. This study improves on previous research in the subject by demonstrating the time-varying effects of asset price links on portfolio optimizations in different economic episodes.
{"title":"Analyzing Nexus between Crude Oil, Gold, Dollar and Equity Markets with Structural Break: ARDL Evidence from India","authors":"T. G. Saji, V. P. Joshith, T. A. Binoy, K. Sravana","doi":"10.32479/ijeep.15678","DOIUrl":"https://doi.org/10.32479/ijeep.15678","url":null,"abstract":"This paper explores the price relations between the Crude oil, Gold, US dollar, and equities during several economic episodes. The long- and short-term causal relationships between asset markets are examined in this study. The research uses a ‘Vector Error Correction Model (VECM)’ and an ‘Autoregressive Distributed Lag (ARDL)’ bounds test to examine monthly data from April 1999 to March 2022. The results demonstrate the weak connections between asset markets throughout the different sample periods. Furthermore, the integration of most markets is uneven and changes over time. The currency and equity markets are adjusting to the long-run equilibrium only at a slow pace. We suggest that systematic risk factors must be taken into account while jointly modeling market linkages. This study improves on previous research in the subject by demonstrating the time-varying effects of asset price links on portfolio optimizations in different economic episodes.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 101","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141000582","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study delves into the effects of crude oil and gas prices on the United States’ (US) conventional, Islamic, and environmental, social, and governance (ESG) stock indices from January 2013 to December 2022. Decomposing original time series data to minimise inherent fluctuations and using the Quantile-on-Quantile (QQ) regression approach presents a nuanced view of how these energy prices impact different stock indices. The findings reveal that crude oil prices have a variable impact on the indices: high prices negatively influence the indices, low prices have a positive effect, and moderate prices yield a moderate positive impact. After data decomposition, this positive influence diminishes in higher quantiles, indicating an emerging neutral effect in stabilised conditions. In contrast, gas prices show a limited impact, with high prices slightly benefiting conventional and ESG indices but less so for the Islamic index. This suggests a more pronounced influence of oil prices on the indices, likely due to the dependence of many listed companies on oil. The study emphasises the importance of considering oil-related risks in investment strategies and highlights the asymmetric impact of crude oil prices on the US stock indices. These findings have significant implications for investors and policymakers. They underscore the need for careful consideration of oil price dynamics in investment decisions and the importance of staying vigilant against shifts in oil prices that could lead to market instability.
{"title":"Energy Prices and Their Impact on US Stock Indices: A Wavelet- based Quantile-on-Quantile Regression Approach","authors":"Ahmad Monir Abdullah, Aini Aman","doi":"10.32479/ijeep.15645","DOIUrl":"https://doi.org/10.32479/ijeep.15645","url":null,"abstract":"This study delves into the effects of crude oil and gas prices on the United States’ (US) conventional, Islamic, and environmental, social, and governance (ESG) stock indices from January 2013 to December 2022. Decomposing original time series data to minimise inherent fluctuations and using the Quantile-on-Quantile (QQ) regression approach presents a nuanced view of how these energy prices impact different stock indices. The findings reveal that crude oil prices have a variable impact on the indices: high prices negatively influence the indices, low prices have a positive effect, and moderate prices yield a moderate positive impact. After data decomposition, this positive influence diminishes in higher quantiles, indicating an emerging neutral effect in stabilised conditions. In contrast, gas prices show a limited impact, with high prices slightly benefiting conventional and ESG indices but less so for the Islamic index. This suggests a more pronounced influence of oil prices on the indices, likely due to the dependence of many listed companies on oil. The study emphasises the importance of considering oil-related risks in investment strategies and highlights the asymmetric impact of crude oil prices on the US stock indices. These findings have significant implications for investors and policymakers. They underscore the need for careful consideration of oil price dynamics in investment decisions and the importance of staying vigilant against shifts in oil prices that could lead to market instability.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":"17 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141001635","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Durga Prasad Chapagai, Neeta Dhusia Sharma, Amit Kumar Roy, Manish Kumar Roy
Rural energy infrastructure development is essential for promoting holistic and sustainable advancement in emerging nations. This effort seeks to address poverty, improve quality of life, protect the environment, and strengthen resilience against external disruptions. The involvement of governments, development organizations, the private sector, and local communities is essential to ensuring the widespread availability of modern energy services for rural people. The effective implementation of rural energy initiatives hinges on the pivotal issue of popular acceptance. We utilized Multi-Criteria Decision Making (MCDM) techniques to determine the public's view of the suitability of various resources (Firewood, LPG, Kerosene, Electricity, and Biogas) for household cooking in local communities. This assessment was based on eight distinct criteria. The criteria have been derived from prior research and a preliminary survey conducted in the rural Kaski area of Nepal. Moreover, the fuzzy Analytic Hierarchy Process (AHP) will be employed to determine individuals' preferences for various energy sources. Based on the input from customers and impartial experts, the study determined that the most sustainable sources of energy in the rural Kaski area of Nepal are electricity and biogas, notwithstanding their limited usage. According to the study, firewood is the optimal choice for cooking in rural areas attributable to its exceptional effectiveness concerning food preparation, availability, and friendliness. Although the LPG is widely acknowledged as a most dependable energy source, it is not favored by users due to concerns of safety, friendly, and cost. Rural users regard electric cooking as unreliable, with safety concerns and food quality testing, but people generally embrace it as a healthy and ecologically friendly option. The utilization of biogas is influenced by factors such as cost, reliability, and sensory perception of food.
{"title":"An Evaluation of People’s Acceptability of Rural Household Energy: A Study of Kaski District, Nepal","authors":"Durga Prasad Chapagai, Neeta Dhusia Sharma, Amit Kumar Roy, Manish Kumar Roy","doi":"10.32479/ijeep.15867","DOIUrl":"https://doi.org/10.32479/ijeep.15867","url":null,"abstract":"Rural energy infrastructure development is essential for promoting holistic and sustainable advancement in emerging nations. This effort seeks to address poverty, improve quality of life, protect the environment, and strengthen resilience against external disruptions. The involvement of governments, development organizations, the private sector, and local communities is essential to ensuring the widespread availability of modern energy services for rural people. The effective implementation of rural energy initiatives hinges on the pivotal issue of popular acceptance. We utilized Multi-Criteria Decision Making (MCDM) techniques to determine the public's view of the suitability of various resources (Firewood, LPG, Kerosene, Electricity, and Biogas) for household cooking in local communities. This assessment was based on eight distinct criteria. The criteria have been derived from prior research and a preliminary survey conducted in the rural Kaski area of Nepal. Moreover, the fuzzy Analytic Hierarchy Process (AHP) will be employed to determine individuals' preferences for various energy sources. Based on the input from customers and impartial experts, the study determined that the most sustainable sources of energy in the rural Kaski area of Nepal are electricity and biogas, notwithstanding their limited usage. According to the study, firewood is the optimal choice for cooking in rural areas attributable to its exceptional effectiveness concerning food preparation, availability, and friendliness. Although the LPG is widely acknowledged as a most dependable energy source, it is not favored by users due to concerns of safety, friendly, and cost. Rural users regard electric cooking as unreliable, with safety concerns and food quality testing, but people generally embrace it as a healthy and ecologically friendly option. The utilization of biogas is influenced by factors such as cost, reliability, and sensory perception of food.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141001160","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study examines the intricate interplay of political stability, natural resource rent, industrialization, globalization, economic growth, and carbon emissions in nine Arab resource-abundant countries (ANRAC) from 1996 to 2019. Applying advanced statistical approaches, such as the Method of Moment Quantiles Regression (MMQREG) as a baseline estimation approach, along with the inclusion of PCSE, FGLS, and FMOLS, to enhance, to enhance the reliability and stability of the obtained results. The study results suggest that globalization, coupled with the interplay between political stability and economic growth, fosters advancements in environmental conditions and the pursuit of sustainable practices. In contrast, political stability, abundant natural resources, sustained economic expansion, and widespread industrialization are associated with increased CO2 emissions, posing detrimental effects on the environment. Notably, there seems to be a correlation between the concurrent improvement of political stability and economic growth and a reduction in CO2 emissions.
{"title":"The Role of Political Stability in Nine Arab Natural Resource-Abundant Countries (ANRAC) Toward Environmental Sustainability through CO2 Mitigation","authors":"Omed Rafiq Fatah, H. Altaee","doi":"10.32479/ijeep.15346","DOIUrl":"https://doi.org/10.32479/ijeep.15346","url":null,"abstract":"This study examines the intricate interplay of political stability, natural resource rent, industrialization, globalization, economic growth, and carbon emissions in nine Arab resource-abundant countries (ANRAC) from 1996 to 2019. Applying advanced statistical approaches, such as the Method of Moment Quantiles Regression (MMQREG) as a baseline estimation approach, along with the inclusion of PCSE, FGLS, and FMOLS, to enhance, to enhance the reliability and stability of the obtained results. The study results suggest that globalization, coupled with the interplay between political stability and economic growth, fosters advancements in environmental conditions and the pursuit of sustainable practices. In contrast, political stability, abundant natural resources, sustained economic expansion, and widespread industrialization are associated with increased CO2 emissions, posing detrimental effects on the environment. Notably, there seems to be a correlation between the concurrent improvement of political stability and economic growth and a reduction in CO2 emissions. ","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 17","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140998220","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This research has examined the impact of business freedom on environmental degradation in developed and developing countries from 2000 to 2022. Panel least squares and generalized method of moments have been applied for empirical analysis. Our findings show that both business freedom and renewable energy consumption have a significant and detrimental influence on environmental degradation in both developed and developing nations. Furthermore, our findings highlight the significant influence of financial development on environmental degradation in both the whole sample and developing nations. Urbanization, on the other hand, has a significant impact on environmental degradation in both developed and developing nations. Interestingly, financial development has a negative and significant impact on environmental degradation in developed nations, while energy consumption has a notable positive and significant relationship with environmental degradation across the board. These findings suggest that the encouragement of entrepreneurial independence and the use of renewable energy sources might be helpful ways for mitigating environmental damage. Addressing the negative consequences of urbanization on the environment is also critical. The short-run dynamics give useful insight for developing tailored strategies to establish a sustainable balance between economic expansion and environmental preservation at the same time.
{"title":"Environmental Impact of Business Freedom and Renewable Energy: A Global Perspective","authors":"Marc Audi, Marc Poulin, Amjad Ali","doi":"10.32479/ijeep.16007","DOIUrl":"https://doi.org/10.32479/ijeep.16007","url":null,"abstract":"This research has examined the impact of business freedom on environmental degradation in developed and developing countries from 2000 to 2022. Panel least squares and generalized method of moments have been applied for empirical analysis. Our findings show that both business freedom and renewable energy consumption have a significant and detrimental influence on environmental degradation in both developed and developing nations. Furthermore, our findings highlight the significant influence of financial development on environmental degradation in both the whole sample and developing nations. Urbanization, on the other hand, has a significant impact on environmental degradation in both developed and developing nations. Interestingly, financial development has a negative and significant impact on environmental degradation in developed nations, while energy consumption has a notable positive and significant relationship with environmental degradation across the board. These findings suggest that the encouragement of entrepreneurial independence and the use of renewable energy sources might be helpful ways for mitigating environmental damage. Addressing the negative consequences of urbanization on the environment is also critical. The short-run dynamics give useful insight for developing tailored strategies to establish a sustainable balance between economic expansion and environmental preservation at the same time.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 18","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140998973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This manuscript, for the first time, analyses the volatility spillover of oil price uncertainty in the world using data from oil price uncertainty recently developed by Abdul and Qureshi (2023), spanning the time 1996-2019 on a monthly frequency. ARCH/GARCH (Autoregressive Conditional Heteroskedasticity and Generalized Autoregressive Conditional Heteroskedasticity) models are employed as an econometric tool. The findings suggest that ARCH model is more consistent than GARCH model in assessing the volatility of oil price uncertainty in the world. The results show that the volatility of oil price uncertainty is high in the world. The transition to renewable energy sources is proposed as a way to resist unexpected oil shocks since the production of renewables does not depend on the fluctuations of oil prices. Consequently, uncertainties in the oil price do not hinder economic activities.
{"title":"The Volatility Spillover of Global Oil Price Uncertainty","authors":"Kamil Pícha, Lucie Tichá, Sanat Chuponov, Jasur Ataev, Dilshod Hudayberganov, Bekhzod Kuziboev","doi":"10.32479/ijeep.15803","DOIUrl":"https://doi.org/10.32479/ijeep.15803","url":null,"abstract":"This manuscript, for the first time, analyses the volatility spillover of oil price uncertainty in the world using data from oil price uncertainty recently developed by Abdul and Qureshi (2023), spanning the time 1996-2019 on a monthly frequency. ARCH/GARCH (Autoregressive Conditional Heteroskedasticity and Generalized Autoregressive Conditional Heteroskedasticity) models are employed as an econometric tool. The findings suggest that ARCH model is more consistent than GARCH model in assessing the volatility of oil price uncertainty in the world. The results show that the volatility of oil price uncertainty is high in the world. The transition to renewable energy sources is proposed as a way to resist unexpected oil shocks since the production of renewables does not depend on the fluctuations of oil prices. Consequently, uncertainties in the oil price do not hinder economic activities.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 41","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141001260","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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