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Assessing the Damage to Environmental Pollution: Discerning the Impact of Environmental Technology, Energy Efficiency, Green Energy and Natural Resources

Author

Listed:
  • Sana Fatima

    (Symbiosis School for Online and Digital Learning, Symbiosis International (Deemed University), Pune 412115, India)

  • Md. Emran Hossain

    (Department of Agricultural Sciences, Texas State University, San Marcos, TX 78666, USA)

  • Mohammed Alnour

    (Department of Economics, Institute of Social Sciences, Erciyes University, Melikgazi-Kayseri 38039, Türkiye)

  • Shamsa Kanwal

    (School of Economics, Finance and Business, Universiti Utara Malaysia, Sintok 06010, Malaysia)

  • Mohd Ziaur Rehman

    (Department of Finance, College of Business Administration, King Saud University, P.O. Box 71115, Riyadh 11587, Saudi Arabia)

  • Miguel Angel Esquivias

    (Faculty of Economics and Business, Airlangga University, Surabaya 60286, Indonesia)

Abstract

The existing literature covers the topic of environmental pollution, but there is a scarcity of research that specifically examines the factors contributing to financial losses caused by carbon emissions. In this perspective, this ongoing analysis provides an understanding of the impact of environmental technology, energy efficiency, renewable energy consumption, natural resources, and economic growth on carbon dioxide damage in Organization for Economic Cooperation and Development (OECD) countries from 2000 to 2021 using the “Method of Moments Quantile Regression (MMQR)”, and “Dumitrescu–Hurlin (D-H)” causality test. The findings from the MMQR revealed that environmental control technology, renewable energy consumption, and energy efficiency contribute to reducing carbon dioxide damage at different quantiles. It was also found that economic growth and natural resources contribute to the increase in carbon dioxide damage in various quantities. Additionally, a one-way causality result was obtained from environmental technology, energy efficiency, renewable energy consumption, natural resources, and economic growth towards carbon dioxide damage. These results indicate that policymakers in OECD nations should provide suggestions on the efficient utilization of renewable energy sources and environmentally friendly technologies to minimize carbon dioxide damage.

Suggested Citation

  • Sana Fatima & Md. Emran Hossain & Mohammed Alnour & Shamsa Kanwal & Mohd Ziaur Rehman & Miguel Angel Esquivias, 2024. "Assessing the Damage to Environmental Pollution: Discerning the Impact of Environmental Technology, Energy Efficiency, Green Energy and Natural Resources," Sustainability, MDPI, vol. 16(21), pages 1-16, October.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:21:p:9307-:d:1507222
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    References listed on IDEAS

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