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The Winds of Change are Blowing: Globalization's Impact on Renewable Energy and Environmental Challenges

Authors: Nazir, Umar;

The Winds of Change are Blowing: Globalization's Impact on Renewable Energy and Environmental Challenges

Abstract

The present study examines the impact of globalization, financial development, human capital, and carbon emissions on adopting renewable energy sources in Pakistan. The advancement of sustainable energy sources is paramount in tackling worldwide environmental issues. The present investigation aimed to scrutinize the uptake of sustainable energy sources to alleviate ecological concerns, utilizing data obtained from Pakistan over the time frame of 1990 to 2021. The study utilized the robust least squares (RLS) approach for data analysis. The results suggest that globalization favors renewable energy, while financial development, human capital, and carbon emissions demonstrate adverse impacts on renewable energy. The present study suggests several policy recommendations to improve the adoption of renewable energy sources and reduce environmental pollution.

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Keywords

Financial development, Renewable energy demand, Human capital, Pakistan, Robust least squares, Globalization

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
views
OpenAIRE UsageCountsViews provided by UsageCounts
downloads
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5
Top 10%
Average
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93
67
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