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Saudi Arabia’s Green Vision: Examining the Kingdom’s Path to Sustainability, Covering Energy, Economy, Tourism, and Carbon Dynamics

Author

Listed:
  • Shaha Faisal

    (College of Business Administration, Prince Sattam Bin Abdulaziz University, Al-Kharj 11942, Saudi Arabia)

  • Aarif Mohammad Khan

    (Aligarh Muslim University, Aligarh, Uttar Pradesh, India)

  • Zehra Zulfikar

    (Delhi Skill and Entrepreneurship University, New Delhi, India)

  • Salim M. Bafaqeer

    (Department of Accounting, College of Business Administration, Hadhramaut University, Yemen)

Abstract

This study examines the Green Vision of Saudi Arabia and its efforts towards achieving sustainability in various domains such as energy, economy, tourism, and carbon emissions. The research uses time-series data from 2002 to 2020 to analyze the dynamic impacts of these variables. To achieve this, it employs a co-integration regression test, Granger causality relationships, and one-way and two-way causal effects between carbon emissions, tourism, economic growth, and energy use. The findings of the study provide valuable insights into the challenges and opportunities for sustainability in the kingdom, considering the goals of SDGs 8 and 13. This research contributes to the ongoing discourse on sustainable development in Saudi Arabia and offers significant insights for lawmakers, entrepreneurs, and researchers to influence the country's future direction. The research aims to guide strategic decision-making in line with Saudi Arabia's commitment to achieving a sustainable and resilient future by examining the interconnections between energy, economic growth, tourism, and carbon emissions.

Suggested Citation

  • Shaha Faisal & Aarif Mohammad Khan & Zehra Zulfikar & Salim M. Bafaqeer, 2024. "Saudi Arabia’s Green Vision: Examining the Kingdom’s Path to Sustainability, Covering Energy, Economy, Tourism, and Carbon Dynamics," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 154-161, May.
    • Handle: RePEc:eco:journ2:2024-03-17
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    References listed on IDEAS

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    More about this item

    Keywords

    Sustainability; Carbon Emissions; Economic Growth; Sustainable Development Goals; Tourism; Energy;
    All these keywords.

    JEL classification:

    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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