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What are the best alternatives for sustainability? A rationalization theme for natural resource depletion and technical innovation

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  • Hong, Cencen
  • Liu, Nan
  • Zhang, Kai

Abstract

There has been a global upsurge in discussions about environmental sustainability. To fight climate change and attain long-term economic expansion, decreasing carbon dioxide (CO2) emissions is crucial. In addition, these issues take center stage in the Next 11 economies due to the scarcity and overexploitation of natural resources, leading to increased carbon emissions. Advancements in technology are essential to achieving sustainable development. Making technical advances is the only way to guarantee that economic growth at lower environmental cost. In this piece, we'll look at how technological progress and the exhaustion of natural resources have affected CO2 emissions. The research examines the interplay between digitization, human capital, and the rule of law, among other aspects. Researchers analyzed panel series data for the next 11 economies from 2003 to 2022. However, the current study utilizes robust estimators to obtain the desired objective of study. Investigated outcomes describe, digitalization, technical innovation, and human resources hurt sustainability level, although the rule of law and the depletion of natural resources have a beneficial effect. The selected and other rising economies may use the predicted findings to inform policy decisions on how to best go forward with sustainable development.

Suggested Citation

  • Hong, Cencen & Liu, Nan & Zhang, Kai, 2024. "What are the best alternatives for sustainability? A rationalization theme for natural resource depletion and technical innovation," Resources Policy, Elsevier, vol. 95(C).
    • Handle: RePEc:eee:jrpoli:v:95:y:2024:i:c:s0301420724004665
    DOI: 10.1016/j.resourpol.2024.105099
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