Shaping a greener future: The role of geopolitical risk, renewable energy and financial development on environmental sustainability using the LCC hypothesis.

Autor: Wang W; International Business School of Shaanxi Normal University, Xi'an, China. Electronic address: wwjunxida@snnu.edu.cn., Balsalobre-Lorente D; Department of Applied Economics I, University of Castilla-La, Mancha, Spain; Department of Management and Marketing, Czech University of Life Sciences Prague, Faculty of Economics and Management, Prague, Czech Republic; UNEC Research Methods Application Center, Azerbaijan State University of Economics (UNEC), Istiqlaliyyat Str. 6, Baku, 1001, Azerbaijan. Electronic address: Daniel.Balsalobre@uclm.es., Anwar A; UCSI Graduate Business School, UCSI University, Kuala Lumpur, Malaysia; Advanced Research Centre, European University of Lefke, Lefke, Northern Cyprus, TR-10, Mersin, Turkey. Electronic address: ahsananwar786@gmail.com., Adebayo TS; Department of Business Administration, Faculty of Economics and Administrative Science, Cyprus International University, Nicosia, Mersin 10 Turkey; Adnan Kassar School of Business, Lebanese American University, Beirut, Lebanon; University of Tashkent for Applied Sciences, Str. Gavhar 1, Tashkent 100149, Uzbekistan. Electronic address: twaikline@gmail.com., Cong PT; Faculty of Economics, Thuongmai University, Hanoi, Viet Nam. Electronic address: congpt@tmu.edu.vn., Quynh NN; Faculty of Economics, Thuongmai University, Hanoi, Viet Nam. Electronic address: quynh.nn@tmu.edu.vn., Nguyen MQ; Faculty of Economics, Thuongmai University, Hanoi, Viet Nam. Electronic address: quang.nm@tmu.edu.vn.
Jazyk: angličtina
Zdroj: Journal of environmental management [J Environ Manage] 2024 Apr; Vol. 357, pp. 120708. Date of Electronic Publication: 2024 Mar 28.
DOI: 10.1016/j.jenvman.2024.120708
Abstrakt: The recent progress report of Sustainable Development Goals (SDG) 2023 highlighted the extreme reactions of environmental degradation. This report also shows that the current efforts for achieving environmental sustainability (SDG 13) are inadequate and a comprehensive policy agenda is needed. However, the present literature has highlighted several determinants of environmental degradation but the influence of geopolitical risk on environmental quality (EQ) is relatively ignored. To fill this research gap and propose a inclusive policy structure for achieving the sustainable development goals. This study is the earliest attempt that delve into the effects o of geopolitical risk (GPR), financial development (FD), and renewable energy consumption (REC) on load capacity factor (LCF) under the framework of load capacity curve (LCC) hypothesis for selected Asian countries during 1990-2020. In this regard, we use several preliminary sensitivity tests to check the features and reliability of the dataset. Similarly, we use panel quantile regression for investigating long-run relationships. The factual results affirm the existence of the LCC hypothesis in selected Asian countries. Our findings also show that geopolitical risk reduces environmental quality whereas financial development and REC increase environmental quality. Drawing from the empirical findings, this study suggests a holistic policy approach for achieving the targets of SDG 13 (climate change).
Competing Interests: Declaration of competing interest The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.
(Copyright © 2024 Elsevier Ltd. All rights reserved.)
Databáze: MEDLINE
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