Fresh evidence on environmental quality measures using natural resources, renewable energy, non-renewable energy and economic growth for 10 Asian nations from CS-ARDL technique

Abstract

Natural resources are influencing constituents of our ecosystem which contribute to environmental deterioration. The development regarding to sustainable development goal (SGD) has drawn attention towards sustainability related concern. So, this paper aims to find out that natural resources have significant aspects to contribute for the environmental quality and greenhouse gas emission. The purpose of study is to asses impacts of economic growth, natural resources, renewable and non-renewable energy usage on carbon emissions for timespan of 1995 to 2019 in ten nations (China, India, Pakistan, Japan, Indonesia, Turkey, South Korea, Thailand, Iran and Saudi Arabia), chosen for their high gross domestic product (GDP) in the Asian region, using the panel data estimating technique CS-ARDL. The long-run elasticities of all nations were estimated. Findings indicate that use of non-renewable and renewable energy contributes to economic development in these countries. Additionally, natural resources limit economic progress in nations panels, but they stimulate economic activity in these countries. Non-renewable energy sources and economic expansion both raise carbon emissions, whilst renewable energy usage reduces carbon emissions. In the case of each nation panel, natural resources also contributed to carbon dioxide (CO2) emissions. Policy recommendations can be made, such as using renewable energy sources to reduce CO2 emissions and improving educational system along with manipulating government system to boost economic growth in examined areas.