Climate change, resource pressure, and socio-economic sustainability in Asian economies

Abstract

Global warming, financial strain, and socioeconomic issues interact in complex ways, posing severe threats to South Asian economies and casting a shadow over their potential for future progress. In light of this, this research looks at the effects of essential factors on South Asian economic development from 1990 to 2022, including GHG emissions, the need for clean energy, changes in woodland cover, and a rise in water productivity. An empirical study using the Generalized Method of Moments (GMM) estimator sheds light on the complex interactions between these factors using aggregate data from South Asian countries. South Asian commercial growth is hindered by GHG emissions and the desire for alternative energy sources, according to the research. On the other hand, catalysts of financial growth in the area include changes in biodiversity, population increase, and efficiency of water supply. These findings show that sustainability, changing demographics, and economic growth in South Asia are all intricately related. South Asian nations may secure prosperity for generations to come by tackling these problems and realizing their capacity for growth routes that are flexible, equitable, and economically viable.