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Race to achieving sustainable environment in China: Can financial globalization and renewable energy consumption help meet this stride?
Investigating the drivers of CO(2) emissions is essential for limiting global warming, which has sparked widespread concern. This study evaluates the association between economic complexity and CO(2) emissions in China, considering the effect of disintegrated energy and financial globalization on th...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
SAGE Publications
2022
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10450493/ https://www.ncbi.nlm.nih.gov/pubmed/36384338 http://dx.doi.org/10.1177/00368504221138715 |
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author | Adebayo, Tomiwa Sunday Awosusi, Abraham Ayobamiji Uhunamure, Solomon Eghosa Shale, Karabo |
author_facet | Adebayo, Tomiwa Sunday Awosusi, Abraham Ayobamiji Uhunamure, Solomon Eghosa Shale, Karabo |
author_sort | Adebayo, Tomiwa Sunday |
collection | PubMed |
description | Investigating the drivers of CO(2) emissions is essential for limiting global warming, which has sparked widespread concern. This study evaluates the association between economic complexity and CO(2) emissions in China, considering the effect of disintegrated energy and financial globalization on the environmental function between 1970 and 2018. This dataset was analyzed using the autoregressive lag model (ARDL) and frequency-domain causality approaches. The ARDL unveiled that urbanization, economic complexity, financial globalization, and economic growth deteriorate the environment while environmental sustainability is achieved through renewable energy utilization. The study also validates the Environmental Kuznets Curve hypothesis. Also, the frequency-domain causality disclosed that all regressors (economic growth, financial globalization, economic complexity, and urbanization) could forecast CO(2) emissions in China at different frequencies. Based on these outcomes, policy recommendations are formulated. |
format | Online Article Text |
id | pubmed-10450493 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | SAGE Publications |
record_format | MEDLINE/PubMed |
spelling | pubmed-104504932023-08-26 Race to achieving sustainable environment in China: Can financial globalization and renewable energy consumption help meet this stride? Adebayo, Tomiwa Sunday Awosusi, Abraham Ayobamiji Uhunamure, Solomon Eghosa Shale, Karabo Sci Prog Environmental and Economic Implications of New Technological Innovations Investigating the drivers of CO(2) emissions is essential for limiting global warming, which has sparked widespread concern. This study evaluates the association between economic complexity and CO(2) emissions in China, considering the effect of disintegrated energy and financial globalization on the environmental function between 1970 and 2018. This dataset was analyzed using the autoregressive lag model (ARDL) and frequency-domain causality approaches. The ARDL unveiled that urbanization, economic complexity, financial globalization, and economic growth deteriorate the environment while environmental sustainability is achieved through renewable energy utilization. The study also validates the Environmental Kuznets Curve hypothesis. Also, the frequency-domain causality disclosed that all regressors (economic growth, financial globalization, economic complexity, and urbanization) could forecast CO(2) emissions in China at different frequencies. Based on these outcomes, policy recommendations are formulated. SAGE Publications 2022-11-16 /pmc/articles/PMC10450493/ /pubmed/36384338 http://dx.doi.org/10.1177/00368504221138715 Text en © The Author(s) 2022 https://creativecommons.org/licenses/by-nc/4.0/This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page (https://us.sagepub.com/en-us/nam/open-access-at-sage). |
spellingShingle | Environmental and Economic Implications of New Technological Innovations Adebayo, Tomiwa Sunday Awosusi, Abraham Ayobamiji Uhunamure, Solomon Eghosa Shale, Karabo Race to achieving sustainable environment in China: Can financial globalization and renewable energy consumption help meet this stride? |
title | Race to achieving sustainable environment in China: Can financial globalization and renewable energy consumption help meet this stride? |
title_full | Race to achieving sustainable environment in China: Can financial globalization and renewable energy consumption help meet this stride? |
title_fullStr | Race to achieving sustainable environment in China: Can financial globalization and renewable energy consumption help meet this stride? |
title_full_unstemmed | Race to achieving sustainable environment in China: Can financial globalization and renewable energy consumption help meet this stride? |
title_short | Race to achieving sustainable environment in China: Can financial globalization and renewable energy consumption help meet this stride? |
title_sort | race to achieving sustainable environment in china: can financial globalization and renewable energy consumption help meet this stride? |
topic | Environmental and Economic Implications of New Technological Innovations |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10450493/ https://www.ncbi.nlm.nih.gov/pubmed/36384338 http://dx.doi.org/10.1177/00368504221138715 |
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