Associating Renewable Energy, Globalization, Agriculture, and Ecological Footprints: Implications for Sustainable Environment in South Asian Countries

Lixun Wang, Usman Mehmood, Ephraim Bonah Agyekum, Solomon Eghosa Uhunamure () and Karabo Shale
Additional contact information
Lixun Wang: Terms in Financial Engineering School of Economics and Management, Weifang University of Science and Technology, Weifang 262799, China
Usman Mehmood: Department of Political Science, University of Management and Technology, Lahore 54590, Pakistan
Ephraim Bonah Agyekum: Department of Nuclear and Renewable Energy, Ural Federal University Named after the First President of Russia Boris Yeltsin, 19 Mira Street, 620002 Ekaterinburg, Russia
Solomon Eghosa Uhunamure: Faculty of Applied Sciences, Cape Peninsula University of Technology, P.O. Box 652, Cape Town 8000, South Africa
Karabo Shale: Faculty of Applied Sciences, Cape Peninsula University of Technology, P.O. Box 652, Cape Town 8000, South Africa

IJERPH, 2022, vol. 19, issue 16, 1-13

Abstract: The main purpose of this work is to investigate the impacts of globalization (GL), renewable energy (RE), and value-added agriculture (AG) on ecological footprints (EF) and CO 2 emissions. For quantitative analysis, this research paper includes yearly data from 1990–2018 for four South Asian nations: Bangladesh, India, Pakistan, and Sri Lanka. These countries are most vulnerable to climate hazards and rapid economic transitions. The Westerlund test provides a strong association among the panel data. The findings of ordinary least squares (DOLS) and fully modified ordinary least squares (FMOLS) show that RE is lowering CO 2 emissions and EF in the long run. A 1% increase in RE results in a 10.55% and 2.08% CO 2 decrease in emissions and EF, respectively. Globalization and AG are contributing to environmental degradation in selected South Asian countries. Therefore, these countries need to exploit solar energy to its full capacity. Moreover, these countries need to explore more RE resources to reduce their dependence on non-RE sources. These countries can make their agricultural sectors sustainable by following efficient farming practices. Environmental awareness should be enhanced among the farmers. Farmers can use animal fertilizers and clean inputs in AG to achieve sustainable agricultural products. Overall, this work suggests that these countries can achieve a cleaner environment by adopting RE and by promoting efficient technologies through globalization.

Keywords: ecological footprint; CO 2 emissions; renewable energy; globalization; South Asian countries (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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