Environmental degradation, energy consumption and sustainable development: Accounting for the role of economic complexities with evidence from World Bank income clusters

2021 ◽  
Author(s):  
Festus Fatai Adedoyin ◽  
Nnamdi Nwulu ◽  
Festus Victor Bekun
Keyword(s):  
Sustainable Development ◽  
Energy Consumption ◽  
World Bank ◽  
Environmental Degradation ◽  
Development Accounting

scholarly journals The role of Income, Trade, and Environmental Regulations in Ensuring Environmental Sustainability in MINT Countries: Evidence from Ecological Footprint.

2021 ◽  
Vol 39 (8) ◽  
Author(s):  
Solomon Prince Nathaniel ◽  
Festus Fatai Adedoyin
Keyword(s):  
Sustainable Development ◽  
Energy Consumption ◽  
Environmental Degradation ◽  
Environmental Sustainability ◽  
Ecological Footprint ◽  
Sustainable Development Goals ◽  
Environmental Regulations ◽  
Development Goals

Income alone cannot ensure environmental sustainability. As such, different economies have relied on environmental regulations to preserve the quality of their environment. The efficiency of such regulations on environmental degradation is still unclear in developing countries culpable for lax environmental regulations. As such, this study explores the effect of environmental regulations on the ecological footprint (EFP) in MINT (Mexico, Indonesia, Nigeria, Turkey) countries from 1980-2016. The results suggest that energy consumption, trade and GDP increase the EFP while environmental regulations reduce it thereby mitigating environmental degradation, though insignificantly. This indicates that environmental regulations are not totally successful in mitigating ecological distortions in the sample countries. The study applies the FMOLS estimator to obtain the country-wise results. There is evidence that energy consumption increases the EFP in all MINT countries. The same influence is exacted by trade on the EFP, except in Turkey. The abating role environmental regulations on environmental degradation were confirmed in all the countries. It was significant in Nigeria and Turkey, but no in Mexico and Indonesia. Further findings revealed a bidirectional causality between GDP and EFP. Policy directions are discussed within the framework of Sustainable Development Goals (SDGs).

scholarly journals Technowomen: Women’s Autonomy and Its Impact on Environmental Quality

2021 ◽  
Vol 13 (4) ◽  
pp. 1611
Author(s):  
Saima Mujeed ◽  
Shuangyan Li ◽  
Musarrat Jabeen ◽  
Abdelmohsen A. Nassani ◽  
Sameh E. Askar ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Environmental Quality ◽  
Ghg Emissions ◽  
Renewable Energy Consumption ◽  
Women’S Autonomy ◽  
Women's Autonomy ◽  
Role Of Women

The role of women in economic development and the global environment is vital for progressing them towards the United Nations sustainable development goal (SDG-5) that emphasized the need to empower women in every walk of life. The study examines women’s autonomy in the sustainable development agenda under China’s open innovation system from 1975 to 2019. The study employed an autoregressive distributed lag (ARDL) model, vector autoregressive (VAR) Granger causality, and innovation accounting matrix to estimate parameters. The existing data are summarized and collated in the context of China to explain as a correlational study. The results show that women’s autonomy moderated with technology spills over to decrease greenhouse gas (GHG) emissions and substantiate the hump-shaped relationship between them. The increased spending on research and development (R&D) activities, patent publications, and renewable energy consumption empowers women to be equipped with the latest sustainable technologies to improve environmental quality. The pollution haven hypothesis verifies a given country, where trade liberalization policies tend to increase polluting industries to set up their plants that engaged in dirty production that exacerbate GHG emissions. The causality estimates confirmed that technological innovations and renewable energy consumption leads to women’s autonomy. In contrast, females’ share in the labor force participation rate leads to an increase in renewable energy consumption. Thus, it is evident that there is a positive role of women in the country’s sustainable development.

scholarly journals Determinants of Environmental Quality in Nigeria: Assessing the Role of Financial Development

2018 ◽  
Vol 3 (1) ◽  
pp. 55-78 ◽  
Author(s):  
Ekundayo Peter Mesagan ◽  
Mike I. Nwachukwu
Keyword(s):  
Energy Consumption ◽  
Financial Development ◽  
Environmental Degradation ◽  
Environmental Quality ◽  
Capital Investment ◽  
Principal Component ◽  
Low Carbon ◽  
Bounds Testing ◽  
Analyze Data

In this study, we analyze the determinants of environmental quality in Nigeria, focusing on the role of financial development. It is a time series analysis covering the period from 1981 to 2016. The study uses the ARDL bounds testing approach to analyze data on urbanization, per capita income, environmental degradation, energy consumption, trade intensity, and capital investment. We generate the environmental degradation index using principal component analysis (PCA). Empirical results suggest that income, financial development, energy consumption, and trade are significant in explaining environmental quality, whereas investment and urbanization are insignificant in the model. Moreover, we find no causality between the capital investment, financial development, and environmental quality, although urbanization and income unidirectionally cause environmental degradation. Also, there exists a bidirectional causality between energy consumption and environmental degradation. Therefore, to ensure efficient credit allocation to low carbon emitting firms, financial sector operators should adequately screen investment proposals before committing funds to them.

scholarly journals The Role of the World Bank in the Inclusive Financing of Tourism as an Instrument of Sustainable Development

2019 ◽  
Vol 12 (1) ◽  
pp. 285
Author(s):  
Isabel Carrillo-Hidalgo ◽  
Juan Ignacio Pulido-Fernández
Keyword(s):  
Sustainable Development ◽  
World Bank ◽  
Poverty Reduction ◽  
Financial Inclusion ◽  
The World Bank ◽  
The World ◽  
Construction Activity ◽  
Development Goals ◽  
The Right

It is widely accepted that tourism, given the right conditions, can be an important instrument of economic growth and a means of improving the quality of life for the societies in which it is implemented, particularly in developing territories. International financial institutions are aware of the role that tourism can play in this regard and, accordingly, have included it within their strategies to further sustainable development and financial inclusion. The World Bank is one of the institutions working to foster tourism, although, interestingly, it only began working in this area very recently (2016). This paper analyses the role of the World Bank in the inclusive financing of tourism as an instrument of sustainable development and compares it with the finance allocated to another four sectors in the branch of trade and industry. To this end, using a system of indicators previously tested in the literature, it analyses a total of ninety-two projects directly related with tourism, trade, manufacture, services, and housing construction activity. The results obtained, when compared to the finance allocated to other sectors of trade and industry (to which tourism also belongs), indicate that the World Bank’s financing of tourism could sharpen its focus on financial inclusion, which would ensure greater efficiency and efficacy in the attainment of its poverty reduction and development goals.

scholarly journals Narrativa crítica acerca do desenvolvimento sustentável: quais relações podemos estabelecer?

2017 ◽  
Vol 34 (2) ◽  
pp. 57-75 ◽  
Author(s):  
Jeferson Antunes ◽  
Verônica Salgueiro Do Nascimento ◽  
Zuleide Fernandes De Queiroz
Keyword(s):  
Sustainable Development ◽  
Environmental Degradation ◽  
Current Level ◽  
Global Awareness ◽  
Innovative Solutions ◽  
History Of

O artigo discute a formação da conscientização global sobre desenvolvimento sustentável com base nas Conferências Globais do meio ambiente. Nosso objetivo é apresentar uma discussão sobre a história do conceito de Sustentabilidade, bem como estudos atuais que influenciaram esta discussão, evidenciando o papel da ciência e do capitalismo para seu surgimento. Entendemos, por meio deste estudo, a impossibilidade de manter o nível atual de desigualdade e degradação ambiental, populações e meio ambiente estão saturados. É necessário que busquemos soluções inovadoras, estratégias sustentáveis (não subordinadas ao capitalismo científico) e iniciativas contra hegemônicas, que permitam-nos reflorestar a imaginação com ideias e projetos que tragam mais esperança para o futuro da humanidade. O paper discute a formation da conscientização global sobre desarrollo sostenible com base nas Conferencias Globales do Meio Ambiente. Nuestro objetivo es presentar una discusión sobre la historia del concepto de Sustentabilidad, así como los estudios que influyen en este tema, evidenciando el papel de la ciencia y el capitalismo para su surgimiento. Entendemos, por medio de este estudio, una imposibilidad de mantener el nivel actual de desigualdad y degradación ambiental, poblaciones y medio ambiente están saturados. Es necesario que busquemos soluciones innovadoras, estrategias sustentables (no subordinadas al capitalismo científico) y las iniciativas contra las hegemonías, que permitam-nos reflorestar una imaginación con ideias y proyectos que tragam más esperanza para el futuro de la humanidad. The article discusses the formation of global awareness on sustainable development based on environment Global Conferences. Our objective is to present a discussion about the history of the concept of sustainability, as well as to present studies that influenced this discussion evidencing the role of science and the capitalist for the emergence of a discussion. We understand, in this study, the impossibility of maintaining the current level of inequality and environmental degradation, populations and the environment are saturated. Looking for innovative solutions, sustainable strategies (not subordinated to scientific capitalism) and anti-hegemonic initiatives, make it possible to reforest our imagination with ideas and projects that bring more hope for humanity.

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