首页|Linking gold prices,fossil fuel costs and energy consumption to assess progress towards sustainable development goals in newly industrialized countries

Linking gold prices,fossil fuel costs and energy consumption to assess progress towards sustainable development goals in newly industrialized countries

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The continuous rise in global environmental challenges has led to urgency toward establishing a secure framework to achieve sustainable development goals.This study establishes a novel theoretical frame-work to analyze the role of energy prices,energy consumption,gold prices and economic growth on envi-ronmental degradation in newly industrialized economies.To realize sustainable development goals and foster environmental defence,this study utilizes CS-ARDL as the main econometric approach to investi-gate the asymmetric association between environmental degradation and relevant factors.We also use AMG,CS-DL,Driscoll-Kray and FGLS to enhance the robustness of our findings.Our econometric approach reveals that energy resource prices and renewable energy consumption reduce environmental degrada-tion,while gold prices and fossil energy consumption elevate environmental pollutants.We also confirm the existence of the EKC hypothesis.The findings of our extensive analysis paved the way for a well-designed environmental policy for NIC economies should focus on renewable energy consumption,green investments,and structural changes.

Gold pricesFossil fuel costsRenewable Energy ConsumptionEnvironmental degradationNewly industrialized countriesCOP27

Muhammad Farhan Bashir、Muhammad Adnan Bashir、Syed Ali Raza、Yuriy Bilan、László Vasa

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College of Management,Shenzhen University,Shenzhen,518060,Guangdong,PR China

Huangpu Institute,Guangdong University of Foreign Studies,Guangzhou,Guangdong,China

Department of Business Administration,IQRA University Karachi-75300,Pakistan

Adnan Kassar School of Business,Lebanese American University,Beirut,Lebanon

Faculty of Management,Rzeszow University of Technology,al.Powstańców Warszawy 12,35-959 Rzeszów,Poland

Faculty of Economics,Széchenyi Istvàn University,Hungary

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project titled"Cluster for innovative energy"in the frame of the program"HORIZON-MSCA-SE-01"(2022)

101129820

2024

地学前缘(英文版)
中国地质大学(北京) 北京大学

地学前缘(英文版)

CSTPCD
影响因子:0.576
ISSN:1674-9871
年,卷(期):2024.15(3)
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