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Influence of tech-industry, natural resources, renewable energy and urbanization towards environment footprints: A fresh evidence of Saudi Arabia

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  • Aziz, Ghazala
  • Sarwar, Suleman
  • Nawaz, Kishwar
  • Waheed, Rida
  • Khan, Mohd Saeed

Abstract

This study examines the significance of technological industry and forest on environmental footprints. As control variables, we included renewable energy, and urbanization for econometric estimations. Contrary to what has been published in the literature, the forest coefficients are negligible. In contrast, the current study confirms the importance of technology and renewable energy in reducing environmental footprints, indicating that environmental degradation can be reduced by shifting toward technological industry and changing the energy market by increasing the percentage of sustainable energy. In Saudi Arabia, on other hand, urbanization is the source of increased environmental footprints. In short-run estimations, the studied variables are insignificant to have an impact on environmental footprint. According to Vision 2030, the findings are similar to policies, particularly for forestation, need to be adjusted. The role of forest remains insignificant, indicating that forestation must be addressed urgently. The findings are intriguing and have significant policy implications for environmental policymakers.

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  • Aziz, Ghazala & Sarwar, Suleman & Nawaz, Kishwar & Waheed, Rida & Khan, Mohd Saeed, 2023. "Influence of tech-industry, natural resources, renewable energy and urbanization towards environment footprints: A fresh evidence of Saudi Arabia," Resources Policy, Elsevier, vol. 83(C).
    • Handle: RePEc:eee:jrpoli:v:83:y:2023:i:c:s0301420723002647
    DOI: 10.1016/j.resourpol.2023.103553
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    2. Javed, Aamir & Rapposelli, Agnese & Khan, Feroz & Javed, Asif & Abid, Nabila, 2024. "Do green technology innovation, environmental policy, and the transition to renewable energy matter in times of ecological crises? A step towards ecological sustainability," Technological Forecasting and Social Change, Elsevier, vol. 207(C).
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    4. Ahmed Benlaria & Naima Sadaoui & Naeimah Fahad S. Almawishir & Houcine Benlaria, 2024. "Navigating the Oil-environment Nexus: Saudi Arabia’s Challenge in Sustainable Development," International Journal of Energy Economics and Policy, Econjournals, vol. 14(5), pages 292-300, September.

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