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Ports and pests: Assessing the threat of aquatic invasive species introduced by maritime shipping activity in Cuba
2017
O'Brien, Charleen E. | Johnston, Matthew W. | Kerstetter, David W.
Aquatic invasive species (AIS) are biological pollutants that cause detrimental ecological, economic, and human-health effects in their introduced communities. With increasing globalization through maritime trade, ports are vulnerable to AIS exposure via commercial vessels. The Cuban Port of Mariel is poised to become a competitive transshipment hub in the Caribbean and the intent of this study was to evaluate present and potential impacts AIS pose with the likely future increase in shipping activity. We utilized previous assessment frameworks and publicly accessible information to rank AIS by level of threat. Fifteen AIS were identified in Cuba and one, the Asian green mussel Perna viridis (Linnaeus, 1758), had repeated harmful economic impacts. Five species associated with trade partners of Port Mariel were considered potentially detrimental to Cuba if introduced through shipping routes. The results presented herein identify species of concern and emphasize the importance of prioritizing AIS prevention and management within Cuba.
Mostrar más [+] Menos [-]Decarbonization: examining the role of environmental innovation versus renewable energy use
2022
Sahoo, Bhagaban | Behera, Deepak Kumar | Rahut, Dil
Climate change resulting from a rapid increase in greenhouse gas (GHG) emissions is adversely affecting humanity. If the GHG emission continues to rise at the current pace, humanity will face severe consequences and reverse all the progress made. This paper, therefore, uses relevant data from 14 developing countries in Asia from 1990 to 2018 to examine the potential impact of environmental innovation on CO₂ emissions by controlling globalization, urbanization, and economic growth. The number of environmental-related technology patents is used as a measure of environmental innovation. We employed a panel long-run regression model — FMOLS, PCSE, and FGLS to estimate the elasticity of CO₂ emissions. For causal association among variables, we used Dumitrescu-Hurlin Granger causality tests. Our results show that renewable energy consumption and globalization have a significant impact in reducing CO₂ emissions, while environmental technology innovations play a meager role in reducing emissions and only when economic growth support those type of investment. Furthermore, we found urbanization, oil consumption, and economic growth is detrimental to the environment, which is also evident in past studies. Therefore, countries should invest in renewable energy and environmental innovation aligned with the growth to reduce GHG emissions.
Mostrar más [+] Menos [-]Consumption-based carbon emissions, trade, and globalization: an empirical study of Bolivia
2022
Kirikkaleli, Dervis | Oyebanji, Modupe Oluyemisi
The consequences of global trade on carbon dioxide emissions have been mainly investigated in several empirical papers; however, the consumption-based carbon emissions adjusted for international trade have been lacking in the literature. This empirical research seeks to address this gap by using consumption-based carbon emissions adjusted for trade in the case of Bolivia. Research over the years shows that Bolivia has had a consistent negative trade deficit which suggests that there might be a rise in consumption-based emission in this area in the present and the future. It also indicates that considerable emissions are attributable to the consumption of commodities and services transferred to Bolivia, which is beyond its control. Many studies, however, have delved into the production-based carbon emission for Bolivia. However, the consumption-based carbon emission adjusted for international trade has been missing in the case of Bolivia. Meanwhile, failure to recognize these emissions related to international trade produces an incomplete picture of the emissions triggers and the effectiveness of action to lessen emissions in this area. Hence, this study attempts to fill the gap. The impact of exports and imports are analyzed separately for 1970 to 2018. The empirical analysis confirms a negative effect of exports and GDP on consumption-based carbon emissions. In comparison, imports and globalization demonstrate a favorable impact on consumption-based carbon emissions and show their statistical significance. This study suggests that the Bolivia government should be cautious on policies targeted at increasing growth as this could be harmful to the sustainability of the environment.
Mostrar más [+] Menos [-]Exploring the dynamic relationship between financial development, renewable energy, and carbon emissions: A new evidence from belt and road countries
2022
Sheraz, Muhammad | Deyi, Xu | Mumtaz, Muhammad Zubair | Ullah, Atta
This empirical study examines the endogenous relationship between carbon emissions (CO₂), financial development, renewable energy, globalization, and institutional quality in 64 belt and road initiative countries (BRI) using a two-step system generalized method of moments (GMM) approach with panel data over the period 2003 to 2018. Furthermore, this study used (Dumitrescu & Hurlin, 2012) causality test to estimate the variables’ causal relationship. The results indicate that financial development significantly increases CO₂ emissions and causes environmental degradation in BRI countries. However, renewable energy and globalization mitigate CO₂ emissions and improve the quality of the environment. Institutional quality was positive in correlation with CO₂ emission and indicates bad governance, corruption, weak bureaucracy, and improper implementation of environmental laws cause environmental degradation. Further, the study also reports a bidirectional relationship of financial development, renewable energy, and institutional quality with CO₂ emissions and a unidirectional causality running from globalization to CO₂ emissions in BRI countries. This study offers policymakers insight into restructuring the financial system, energy consumption pattern, and global integration and improving institutions’ quality for a sustainable environment and the economy at the national and regional levels.
Mostrar más [+] Menos [-]Examining the role of financial inclusion towards CO2 emissions: presenting the role of renewable energy and globalization in the context of EKC
2022
Mehmood, Usman
To achieve sustainable development, the role of financial inclusion has been discussed in limited studies. Therefore, this work aims to investigate the impacts of financial inclusion, renewable energy, globalization, and economic growth on carbon dioxide emissions in the context of environmental Kuznets curve. The annual data of 1990–2017 is analyzed by employing second-generation methods. Westerlund test confirm the long-run association among the panel data. Cross-sectional auto-regressive distributive lag approach has been applied because this method considers the cross-sectional dependence among the panel data to provide robust results. The findings show that financial inclusion is increasing carbon dioxide emissions. This means that financial inclusion requires to integrate it with greener environmental policies. Renewable energy is helpful in mitigating the carbon dioxide emissions but globalization and economic growth are increasing carbon dioxide emissions. On the base of the findings, it is recommended that Pakistan, India, Bangladesh, and Sri Lanka need to revise their international trade policies to reduce carbon dioxide emissions.
Mostrar más [+] Menos [-]The impact of information and communication technology, financial development, and energy consumption on carbon dioxide emission: evidence from the Belt and Road countries
2022
Weili, Liu | Khan, Hayat | khan, Itbar | Han, Lei
In today’s digital era of globalization, information and communication technology (ICT) has been considered important that contributes to various sectors of an economy and increases economic growth; however, an increase in ICT may influence environmental quality which needs attention. For this purpose, this study examines the effect of ICT, energy consumption, economic growth, and financial development on carbon emission in the Belt and Road countries from 2000 to 2019 using OLS, fixed effect, dynamic system generalized method of moments (GMM), and generalized least square (GLS) models. The results indicate that ICT, financial development, energy consumption, and economic growth increase carbon dioxide emission, while renewable energy use and international trade reduce it. Foreign direct investment exerts both positive and negative effects on carbon emission across different models with different proxies of financial development. In the individual indicators model, only FBS seems to reduce carbon emission, while other indicators are positively associated with CO2 emission. The findings have considerable policy suggestions for the Belt and Road countries in the improvement of ICT sector, innovations, and enhancing financial institutions which can enhance environmental quality.
Mostrar más [+] Menos [-]Global warming and export competitiveness of agriculture sector: evidence from heterogeneous econometric analysis of Pakistan
2022
The increase in average annual temperature due to greenhouse gases emission is posing threat to the agriculture sector across the globe. Pakistan is labor abundant agrarian country that heavily depends on the agriculture sector for food, employment, and raw material for industries. This study is a preliminary investigation that explores the effect of increasing average annual temperature on the competitiveness of 24 major agricultural exports from 2003 to 2020. The revealed export advantage (RXA) is used to explore the competitive performance of selected agricultural exports, which is then normalized to examine the effect of increasing average annual temperature along with official exchange rate, urbanization, and globalization. The panel fixed-effect model with heteroscedasticity consistent robust standard error recommended by White (Econometrica 48(4):817–838, 1980) is used to explore model estimates, whereas the robustness check has been performed by using heteroscedasticity and multicollinearity consistent robust standard error model of Driscoll and Kaary (Rev Econ Stat 80(4):549–559, 1998). The estimated result reveals that the increasing average annual temperature has a negative but insignificant impact on the export competitiveness of selected agricultural exports. While, urbanization and exchange rate deprecation show a significant negative effect of higher intensity, respectively. Globalization, however, reveals a significant positive impact on the competitiveness of selected agricultural exports. This study, therefore, urges for the development of the agriculture sector by adopting SDGs proposed by the United Nations for sustainable economic growth and development.
Mostrar más [+] Menos [-]Renewable Energy Consumption and Environmental Sustainability in Canada: Does Political Stability Make a Difference?
2022
Adebayo, Tomiwa Sunday
Energy is unquestionably necessary for economic progress; nevertheless, it also produces CO₂ emissions, which are the primary cause of climate change and environmental degradation. Renewable energy, which consists of non-carbohydrate energy sources that do not or seldom emit emissions, can assist the accomplishment of both ecological sustainability and sustainable development in this respect. Against this background, this paper takes into account political risk and assesses the impact of renewable energy use on CO₂ emissions in Canada from 1990 to 2018 controlling economic growth and trade globalization. The present research utilized an innovative dynamic ARDL method that overcomes the limitations of the ARDL method. The results revealed significant evidence of cointegration. In the long run, we established that a surge in economic growth, political risk, renewable energy use, and trade globalization mitigates environmental degradation. Furthermore, the outcomes of the frequency domain causality disclosed that in the long term, economic growth, political risk, renewable energy use, and trade globalization can predict CO₂ emissions in Canada. Since the political stability in Canada has helped to attract foreign firms to invest. Therefore, ensuring political stability will bring in more foreign investment, forcing the Canadian government to take its climate crisis problem more seriously.
Mostrar más [+] Menos [-]Biomass energy consumption and its impacts on ecological footprints: analyzing the role of globalization and natural resources in the framework of EKC in SAARC countries
2022
Mehmood, Usman
Research scholars have diverted their attention towards the effect of biomass energy use on ecological footprints. Although recent research has investigated this association, the link between ecological footprints and biomass energy consumption has not provided consistent results. Therefore, this research attempts to fill the gap by examining the ecological footprints-biomass energy consumption nexus in the context of environmental Kuznets curve over the period of 1990–2016 in South Asian Association for Regional Corporation (SAARC) countries. Moreover, this work incorporates globalization, natural resources, and economic growth (GDP) for empirical analysis. In doing empirical analysis, we applied some econometric analysis to deal with the issue of cross-sectional dependence in the data. The outcomes of fully modified ordinary least squares and dynamic ordinary least squares estimations show that biomass energy consumption increases ecological footprints in SAARC countries. Moreover, globalization and GDP are also increasing ecological footprints. Environmental Kuznets curve cannot be validated in estimated countries. The Dumitrescu-Hurlin causality test confirms one-way causality from biomass energy usage to ecological footprints. On the base of empirical results, several policy implications are suggested for SAARC countries.
Mostrar más [+] Menos [-]Impact of human capital and financial globalization on environmental degradation in OBOR countries: Critical role of national cultural orientations
2022
Wang, Bin | Yan, Chuanzhe | Iqbal, Najaf | Fareed, Zeeshan | Arslan, Ahmad
As regional economic integration and climate change are among the most important phenomena influencing economic and social sustainability in the modern world, a huge volume of research is directed towards these topics nowadays. The aim of this study is to explore the impact of financial globalization and human capital on environmental degradation in One Belt One Road (OBOR) countries in a cultural context that is largely under-explored in spite of being immensely crucial for fulfilling the United Nations’ agenda on climate change mitigation. Owing to the presence of vast cultural differences, we check if the national scores on “Power Distance Index” and “Uncertainty Avoidance” in these countries matter for the environment. To this end, we use the latest and annual data set comprising 31 OBOR countries from 1996 to 2018, and employ panel econometric techniques that effectively deal with the threat of endogeneity. Results show that human capital improves environment while financial globalization deteriorates it. Interestingly, high power distance and uncertainty avoidance can reverse the positive impact of human capital. Similarly, financial globalization is favorable for environment in countries with low power distance and uncertainty avoidance. The findings are robust to the use of alternative specifications. Theoretical underpinnings and implications are discussed arising from the interesting reversal of traditional impacts in different cultural scenarios. Specifically, we recommend a culture of entrepreneurship, innovation, and inclusivity, promoted through increased tolerance towards risk-taking and participative decision-making to reap the benefits of human capital and globalization in improving the environment. Our results have important implications for climate change mitigation endeavors in OBOR countries and understanding the cultural context in this regard. Additionally, our study opens a vast avenue for the related research work in the future.
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