Energy transition, natural resource consumption and environmental degradation: The role of geopolitical risk in sustainable development

被引:67
作者
Bashir, Muhammad Farhan [1 ]
Shahbaz, Muhammad [2 ,3 ]
Malik, Muhammad Nasir [4 ]
Ma, Beiling [5 ,6 ]
Wang, Jianming [7 ]
机构
[1] Shenzhen Univ, Coll Management, Shenzhen 518060, Guangdong, Peoples R China
[2] Beijing Inst Technol, Sch Management & Econ, Dept Int Trade & Finance, Beijing, Peoples R China
[3] Gulf Univ Sci & Technol, Ctr Sustainable Energy & Econ Dev, Hawally, Kuwait
[4] Univ Engn & Technol, Inst Business & Management, Lahore, Punjab, Pakistan
[5] Hunan Univ Technol & Business, Sch Publ Adm & Human Geog, Changsha 410205, Hunan, Peoples R China
[6] Changsha Social Lab Artificial Intelligence, Changsha 410205, Hunan, Peoples R China
[7] Zhejiang Univ Finance & Econ, Sch Business Adm, Hangzhou 310018, Peoples R China
关键词
Geopolitical risks; Sustainable development; Environmental degradation; Energy transition; Natural resource consumption; RENEWABLE ENERGY; INSTITUTIONAL QUALITY; ECONOMIC-GROWTH; CO2; EMISSIONS; NEXUS;
D O I
10.1016/j.resourpol.2023.103985
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
Global economic policymakers are under pressure from various environmental stakeholders to focus on sus-tainable development by adopting energy transition and lower fossil fuel consumption. The current study evaluates the complex relationship between energy transition, natural resource consumption, geopolitical risks and environmental degradation. For econometric investigation, we rely on empirical datasets from 1995 to 2021 and employ extensive econometric analysis. We further include economic growth and banking developments to comprehend the role of macroeconomic variables in environmental protection. Our empirical findings show that energy transition and banking developments ensure environmental sustainability. Natural resource consumption, geopolitical risk and economic growth cause environmental degradation. Furthermore, robustness checks vali-date long-run empirical findings. Our extensive empirical investigation allows us to propose fruitful policy suggestions to overcome environmental challenges.
引用
收藏
页数:10
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