Journal of Environmental Science and Economics

Towards net zero emissions by 2050: the role of renewable energy, technological innovations, and forests in New Zealand

2022-12-27T07:30:17+00:00

New Zealand has set a target of net zero emissions by 2050, and this study looks into the role that economic growth, renewable energy use, technological innovation, and forests could play in getting them there. The Dynamic Ordinary Least Squares (DOLS) technique was used to analyze time series data from 1990 to 2021. According to the results of the DOLS estimation, a one-percentage-point increase in economic growth is associated with a 0.24% increase in CO₂ emissions. Furthermore, increasing the use of renewable energy by 1% is related with a reduction in CO₂ emissions of 0.81 percent over the long run, as indicated by the coefficient of renewable energy use being negative and statistically significant. The calculated long-run coefficient of technical innovation is negative and statistically significant, suggesting that a 1% increase in technological innovation results in a 0.02% reduction in CO₂ emissions. The long-run coefficient of forest area is notably negative and significant, which means that increasing forest area by 1% reduces CO₂ emissions by 4.78%. The empirical results show that as New Zealand's economy grows, so do its CO₂ emissions, but that the country may get closer to its goal of carbon neutrality through the growing use of renewable energy, technological innovation, and sustainable forest management. Alternative estimators, such as fully modified least squares (FMOLS) and canonical cointegrating regression (CCR), do not significantly affect the estimated results. In order for New Zealand to reach its goal of net zero emissions by 2050, this article offers policy ideas centered on a low-carbon economy, the promotion of the use of renewable energy sources, the financing of technical progress, and sustainable forest management.

Corporate Social Environment and Carbon Dioxide emissions Reduction impact on Organizational Performance; mediator role of Social Capital

2023-02-19T06:00:27+00:00

Corporate social and Eco-friendly Co₂ emission environment are essential for a firm's and employees' health. This Study investigates the impact of Corporate social environment and Co₂ emission environment on Organizational Performance the mediator role of social capital. The study used 260 Pakistan stock exchange-listed firms data from 2011 to 2020 and estimated impact through Regression least square method and GMM. Robust least square test used for validity and sustainability of results. The results of Regression least square and GMM confirmed that the Corporate social environment and environment friendly Co₂ emission have high significant positive impact on Organizational Performance. Social capital role as mediator is highly positive significance that enhances employee’s social, environment Co₂ emission activity and firm outcomes; Indicate corporate social environment, eco-friendly Co₂ emission and social capital have intangible potential Capital of a firm and their significant impact on organizational performance. The robustness test results also confirmed the validity and sustainability impact of Corporate social environment, eco-friendly Co₂ emission and social capital on Organizational Performance. Recommendations are cleared and suggest more focus on employees' social and clean Co₂ emission environmental activities essential requirements of organizational performance, support, and motivation because social capital produce employees self-efficacy and enhances Organizational Performance, Firms appealing to more investments and higher financial performance; investors are aware of the importance of social, firm environmental and employees concerns.

Exploring Environmental Kuznets Curve and Pollution Haven Hypothesis in Bangladesh: The Impact of Foreign Direct Investment

2023-03-14T16:17:25+00:00

Bangladesh receives the second-most foreign direct investment in South Asia. Over the past 30 years, Bangladesh's economy has expanded tremendously because of increased investment from several foreign countries. Although it can be beneficial in certain ways including the generation of new jobs, the improvement of infrastructure, and the equalization of economic rewards across the population; foreign direct investment has unintended consequences, such as ecological damage. In light of this, it is worth exploring the effects of foreign direct investment on sustainable development in Bangladesh. Using the most up-to-date annual data between 1990 and 2019, this study investigated the evidence of the Environmental Kuznets Curve and the Pollution Haven Hypothesis in Bangladesh. To assess the effects of economic growth, foreign direct investment, energy use, and trade on carbon dioxide emissions, this research employed the autoregressive distributed lag method. The empirical results indicated that the country has an inverted U-shaped Environmental Kuznets Curve and the adverse impact of foreign direct investment on the environment confirmed the validity of the Pollution Haven Hypothesis in Bangladesh. The results paint a bleak picture, sounding an alarm for policymakers to pay closer attention to the ways in which development leads to increased carbon emissions and how multinational companies operating within the country worsen the situation. That's why it's important to subject foreign investors to stringent environmental regulations. In addition, the nation's economic expansion should be guided by sustainable development goals.

Adopting the MPH Model: Lessons from Singapore for Nigeria's Economic Development

2023-03-23T17:05:33+00:00

This study aims to evaluate the potential for adapting the meritocracy, pragmatism, and honesty (MPH) model to the Nigerian context with the aim of promoting economic development in the country. The study begins by providing an overview of the MPH model and its success in Singapore. This is followed by an examination of the current state of the Nigerian economy and the challenges it faces. A comparative analysis of the MPH model in Singapore and the Nigerian economy is also conducted, highlighting key differences and similarities between the two contexts. The study also includes qualitative research methods, such as stakeholder interviews, to gain insights into the potential for adapting the MPH model to the Nigerian context and potential solutions for addressing corruption and improving the business environment. The results of the study suggest that adopting the MPH model in Nigeria could lead to increased economic growth, improved competitiveness, and reduced poverty and inequality. These findings provide valuable insights for policymakers, business leaders, and other stakeholders interested in promoting economic development in Nigeria.