ABSTRACT After the Montreal Protocol was implemented in 1989, nations committed to reducing ozone‐depleting substances (ODS) emissions to improve environmental conditions and mitigate UV radiation effects. These regulations significantly influenced industrial production practices and energy use patterns in various countries. This study investigates the interconnected relationships among GDP, energy use, and ODS emissions. Robust estimates from the Generalised Method of Moments (GMM) are employed to design and analyse a panel Vector Autoregression (VAR) model on data from Latin America and the Caribbean from 1998 to 2018. The main conclusions show that there is an EKC for ODS emissions, a unidirectional causal relationship between GDP and ODS emissions, and a bidirectional relationship between GDP and energy use. These results suggest that continued enforcement of environmental regulations and the promotion of more efficient energy sources are essential to sustaining economic growth while mitigating environmental impacts. Enhanced international cooperation and investment in green energy are crucial for achieving long term sustainability. The research also explores the topic of laws and practical campaigns that try to solve these problems.

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ABSTRACTThe COVID‐19 pandemic has significantly impacted global economies, disrupting various sectors, including energy production. This study examines the effects of COVID‐19 on oil and natural gas production in 14 producer countries between January 2020 and December 2021. Using the generalised method of moments (GMM) and panel data analysis, we explore the relationship between pandemic‐related disruptions, energy prices and trade openness on the production of non‐renewable energy sources. Results indicate that COVID‐19 negatively influenced both oil and gas production, with a stronger impact observed on oil. While trade openness positively contributed to energy production, rising energy prices exacerbated the decline in output. The findings underscore the importance of resilience strategies, including robust energy policies and adaptive measures, to mitigate the effects of future global crises. This research contributes to the literature by providing comprehensive insights into the production challenges and opportunities within the energy sector during a pandemic.

Abstract Even in the face of daunting challenges like climate change in Pakistan, every small step towards conservation and sustainability is a beacon of hope for a brighter, environmental quality. Thus, this study assesses the effect of green financing, economic growth, human capital, oil price, gas price and technological innovation on Pakistan's carbon dioxide emissions. The Residual Augmented Least Square‐Engle and Granger (RLAS‐EG) cointegration is performed to evaluate the effective long‐term association among variables and the Autoregressive Distributed Lag (ARDL) model to assess the coefficients. The results indicate that green finance, human capital and oil prices decrease carbon emissions in both the short and long term. Economic growth and increases in gas prices contribute to long‐term effects, whereas economic expansion decreases carbon emissions in the near term. The outcomes suggest endorsing policies that facilitate sustainable economic growth, enhance the uptake of environmentally friendly investments, foster technical advancements and bolster resilience against catastrophic events as measures to address climate change and mitigate CO2 emissions in Pakistan.

Abstract Nigeria has plentiful sources of renewable energies that are yet to be efficiently utilised, despite the country committing to net‐zero emissions by 2060, declared at the 26th United Nations Climate Change Conference in 2021, which necessitates lower consumption of fossil fuels. However, this commitment may divert the country from ending poverty as the main goal of sustainable development. This study seeks to identify the asymmetric effects of renewable and non‐renewable sources of energy used in electricity generation, along with CO2 emissions on the economic growth of Nigeria through asymmetric approaches. The findings indicate that Nigeria should mainly pursue policies concentrating on increased consumption of non‐renewable energies in the short run and more renewable energy in the long run to achieve higher economic growth. Furthermore, the long run causality results approving the only feedback relationship existing between renewable energy and economic growth, paves the way for Nigeria so that over the time the country will be able to significantly increase the share of renewable energy through which it can achieve a higher level of economic growth and approach its target of net‐zero emissions by 2060, both of which are the main goals of sustainable development.

Abstract Poor environmental quality is usually observed in developing blocs. Some plausible explanations are due to the high poverty level and their economic characterisation. The present study focuses on exploring the effect of poverty on environmental degradation over annual data from 1990 to 2018 for MINT economies (Mexico, Indonesia, Nigeria, Turkiye). By leveraging panel econometrics procedures that are robust to cross‐sectional and slope homogeneity issues, the results show evidence of an equilibrium relationship among the examined variables namely households final consumption expenditure, CO2 emissions, GDP, electricity consumption and population over the sampled period. Findings from this study establish that poverty is a core to environmental degradation in Türkiye and the plausible explanation is due to the country's demography while on the contrary, Nigeria, Indonesia and Mexico show that poverty is not a core contributor to environmental degradation. Thus, from a policy lens, there is need for concerted efforts by government officials and all stakeholders in the examined countries to reduce environmental degradation by improving per capita income (SDG‐8) in the region productive economic activities to raise income level in the bloc. Additionally, there is a need for energy transition from fossil fuel‐based energy to cleaner energy alternative options. More policy caveats are elucidated in the concluding section.

Abstract Foreign remittance has become an essential source of wealth in recent decades, with far‐reaching effects on various economic indices and CO2 emissions. This research examines the impact of remittances and disaggregated energy consumption on CO2 emissions in an ‘Environmental Kuznets Curve (EKC)’ framework utilising a global sample of 46 top remittance‐receiving countries during 1996–2020. The study confirms the EKC proposition and demonstrates that a decline in CO2 emissions is connected to remittance, renewable energy use and financial development. Additionally, our results stand up to various robustness tests, ensuring the reliability of our findings. Our research suggests that to reduce the adverse effects of non‐renewable energy on environmental quality, governments, regulators and other stakeholders should implement rigorous market regulations and allocate substantial financial resources to R&D for innovating environmentally friendly production technologies. The government may also provide incentives for importing environmentally friendly production tech, such as tax rebates and subsidies. Lastly, foreign remittance and renewable energy are two tools governments may employ to cut CO2 emissions and improve environmental quality.