Impact of natural resource rents and economic growth on environmental degradation in the context of COP-26: Evidence from low-income, middle-income, and high-income Asian countries

Jing Luo, Syed Ahtsham Ali, Babar Aziz, Ahmed Aljarba, Hatem Akeel and Imran Hanif ()

Resources Policy, 2023, vol. 80, issue C

Abstract: This study investigates the influence of natural resource rents and economic growth on environmental degradation by using the three classifications of the Asian countries based on per capita income. A panel data from 1990 to 2018 is analyzed to determine the cointegration relationship through Mean Group (MG) regression. The calculations indicate that there is a strong positive correlation between natural resource rents and carbon emissions, particularly in the group of low-income countries. The results indicate a positive correlation between economic growth and carbon emissions for the middle and low-income groups while there is a negative relationship found in the group of high-income countries. The study suggests that to achieve the targets of COP-26, joint efforts of high, middle, and low-income countries are required on urgent basis to reduce carbon emissions. The group of high-income countries is required to improve the resource rents policies such as the search for alternative renewable sources, plantation of trees on a large scale, judicious way of energy preservation, and use of biofuels at the household level. The group of middle and low-income countries needs to adopt environment-friendly economic growth along with the aforementioned policies to preserve natural resources.

Keywords: Carbon emissions; COP-26; Economic growth; Natural resources; Renewable; Resources (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (36)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:80:y:2023:i:c:s0301420722007127

DOI: 10.1016/j.resourpol.2022.103269

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