Abstract
“United in Science” is the recent slogan of the United Nations climate summit in 2020. A collective effort of institutional governance, energy resources utilization, foreign inclusion, and regional collaboration is required for the Sustainable Development Goal (SDGs) of achieving a clean environment. In reaching this objective, this study investigates the sustainably of Regulatory Quality (RQ), Energy Consumption per capita (ECpc), Foreign Direct Investment (FDI), and their interaction in reducing the Greenhouse Gases (GHGs) Emissions. This study considered 27 Asian economies, covering the more extensively undertaken regional investigation, in the time period from 2001 to 2018. The results of the two-step system Generalized Method of Moments (GMM) show that RQ has a strong positive significant impact on GHGs emissions reduction. It further indicates that FDI inflows support the institutions to enhance their institutional capacities. Simultaneously, ECpc has negative impacts on GHGs emissions. Furthermore, RQ interaction with ECpc and FDI also have a strong significant positive impact on GHGs emissions reduction in Asia. The study concludes that the Asia region has been implementing aggressive and prudent policies towards environmental up-gradation to achieve sustainability. However, FDI inflows should be more allocated to environmental quality and energy efficacy to clean the climate and promote regional collaboration.
Highlights
College of Public Administration, Huazhong University of Science and Technology, Wuhan 430074, China; School of Management, Huazhong University of Science and Technology, Wuhan 430074, China; Faculty of Management Sciences, University of Kotli, Azad Jammu and Kashmir 11100, Pakistan; School of Economics and Management, Beijing University of Posts and Telecommunications, Abstract: “United in Science” is the recent slogan of the United Nations climate summit in 2020
This study has considered developed, developing, and emerging Asian economies based on the updated data and trends by the European Union and World Bank database [14,15], which has not been studied from an Asian panel perspective yet as per the author’s knowledge
The results show that Energy Consumption per capita (ECpc) * Regulatory Quality (RQ) has negatively impacted Greenhouse Gases (GHGs) emissions with a 99%
Summary
College of Public Administration, Huazhong University of Science and Technology, Wuhan 430074, China; School of Management, Huazhong University of Science and Technology, Wuhan 430074, China; Faculty of Management Sciences, University of Kotli, Azad Jammu and Kashmir 11100, Pakistan; School of Economics and Management, Beijing University of Posts and Telecommunications, Abstract: “United in Science” is the recent slogan of the United Nations climate summit in 2020. A collective effort of institutional governance, energy resources utilization, foreign inclusion, and regional collaboration is required for the Sustainable Development Goal (SDGs) of achieving a clean environment. In reaching this objective, this study investigates the sustainably of Regulatory Quality (RQ), Energy Consumption per capita (ECpc), Foreign Direct Investment (FDI), and their interaction in reducing the Greenhouse Gases (GHGs) Emissions. RQ interaction with ECpc and FDI have a strong significant positive impact on GHGs emissions reduction in Asia. FDI inflows should be more allocated to environmental quality and energy efficacy to clean the climate and promote regional collaboration. Environmental deterioration, global warming, and Greenhouse Gases (GHGs) emissions (emissions from the earth in Carbon Dioxide, Methane, Nitrite Oxide, and others accumulating in the atmosphere and increasing global warming) have been
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