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    Another look at the nexus between economic growth trajectory and emission within the context of developing country: fresh insights from a nonparametric causality-in-quantiles test
    (SPRINGER, 2022) Adebayo, Tomiwa Sunday; Bekun, Festus Victor; Rjoub, Husam; Agboola, Mary Oluwatoyin; Agyekum, Ephraim Bonah; Gyamfi, Bright Akwasi
    Achieving environmental sustainability has become a global concern amidst increasing climate change threat. Using quarterly frequency data for the case of Russia from 1992 to 2018, the present study explores the interaction between disaggregated energy consumption (renewable energy and non-renewable energy), trade flow and economic growth on a broader measure for environmental degradation (ecological footprint). The choice of the variables draws strength from initiative of the United Nations Sustainable Development Goals (UN-SDG, 7, 8 11 and 13) for responsible energy consumption and clean energy consumption while mitigating climate change issues. The study applied the quantile-on-quantile regression (QQR) and nonparametric causality-in-quantiles to capture these associations. The outcomes from the QQR disclosed that in the majority of the quantiles, trade openness and renewable energy use contribute to environmental sustainability, while nonrenewable energy amplifies ecological footprint. Furthermore, growth in Russia escalates its ecological footprint. Moreover, in the majority of the quantiles, all the exogenous variables can predict ecological footprint. Given the outcomes of this study, it outlines the need for a paradigm shift for alternative and clean energy consumption in Russian energy mix amidst its economic growth trajectory while accounting for green-development approaches. Pathways to fully achieve the sustainability targets are carefully outlined in the concluding section.
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    Sterling insights into natural resources intensification, ageing population and globalization on environmental status in Mediterranean countries
    (SAGE Publications Inc., 2022) Gyamfi, Bright Akwasi; Adebayo, Tomiwa Sunday; Bekun, Festus Victor; Agboola, Mary Oluwatoyin
    Along with the increasing aging population (AP) and global interconnectedness in the Mediterranean bloc comes climate change issues faced by the Mediterranean region in its trajectory to energy security and sustainable development. To meet the continuous energy consumption demand while cutting down natural resources extraction and exploitation with a view to minimizing environmental impacts, the policy structure in these countries may require readjustment, which is the motivation for the present study. This study advances a strategic framework for investigating the impact of natural resources rent as well as aging reliance on carbon emissions in the Mediterranean region for the annual frequency data from 1990–2016. Using quantile regression to analyze the highlighted variables, empirical results shows that both income and natural resources rent have an inverted U-Shaped connection with CO2 emission, which affirms the Environmental Kuznets Curve (EKC) hypothesis. Subsequently, globalization and energy use show a positive relationship with emissions while AP is negatively correlated with emissions. Depending on the outcomes of this analysis, a multi-stage Sustainable Development Goal (SDG) framework has been developed and SDG- 7, SDG -13 as well as SDG-8 were examined in this context. While these three SDGs are the main targets of the study, the SDG System has also provided a way to test other SDGs.