How Economic Growth Contributes to CO 2 Emissions in the Presence of Globalization and Eco-Innovations in South Asian Countries?

Usman Mehmood (), Salman Tariq, Zia Ul Haq, Muhammad Umar Aslam and Ali Imran
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Usman Mehmood: Department of Political Science, University of Management and Technology, Lahore 54792, Pakistan
Salman Tariq: Remote Sensing GIS and Climatic Research Lab, National Center of GIS and Space Applications, Lahore 54792, Pakistan
Zia Ul Haq: Remote Sensing GIS and Climatic Research Lab, National Center of GIS and Space Applications, Lahore 54792, Pakistan
Muhammad Umar Aslam: Remote Sensing GIS and Climatic Research Lab, National Center of GIS and Space Applications, Lahore 54792, Pakistan
Ali Imran: Remote Sensing GIS and Climatic Research Lab, National Center of GIS and Space Applications, Lahore 54792, Pakistan

World, 2023, vol. 4, issue 1, 1-12

Abstract: Many nations made pledges at the Paris climate conference to eventually become carbon neutral. As a result, the effects of eco-innovations (ECO), globalization (GLO), and economic growth (GDP) on CO 2 emissions in a panel comprising India, Pakistan, Bangladesh, Nepal, Sri Lanka, and Bhutan are assessed in this work. This study employs a unique panel (QARDL) methodology to data from 1980Q1 to 2018Q4 for analysis. The purpose of this study is to find the relation between GDP, GLO, ECO and CO 2 . The results show that environmental quality is being harmed because of GLO and GDP. Climate-change-causing CO 2 emissions are decreasing globally thanks to ECO. Furthermore, the Environmental Kuznets Curve (EKC) theory in developing nations has been confirmed by this work. This study implies that the selected South Asian countries should switch to renewable energy sources to improve environmental quality. In addition, governments will need to rethink their approach to global trade. Importing effective technologies for producing renewable energy should be a priority. The future looks bright for these nations, as rising environmental consciousness will likely lead to the adoption of stringent environmental rules.

Keywords: eco-innovations; CO 2; globalization; South Asian countries; QARDL (search for similar items in EconPapers)
JEL-codes: G15 G17 G18 L21 L22 L25 L26 Q42 Q43 Q47 Q48 R51 R52 R58 (search for similar items in EconPapers)
Date: 2023
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