Search

The globe is now in ecological turmoil as a result of the unrelenting increase in global warming. As a result, governments worldwide are committing to decarbonizing the environment, with the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA) playing an important role in this effort. Hence, this paper evaluates the nonlinear (asymmetric) impact of natural gas consumption on renewable energy consumption and economic growth in the KSA and the UAE utilizing data stretching from 1990 to 2020. The study also considers other drivers of renewable energy consumption and economic growth, such as trade openness and CO2 emissions. The study utilizes nonlinear autoregressive distributed lag (ARDL) to evaluate these associations. The outcomes of bounds nonlinear ARDL (NARDL), affirm the long-run association between the variables in both countries. The nonlinear results show that positive and negative shocks in natural gas consumption have a negative impact on renewable energy in both UAE and KSA. In contrast, positive and negative shocks in natural gas consumption impact economic growth positively. The study proposed vital policy recommendations based on these results. [ABSTRACT FROM AUTHOR]

The present study determines the impacts of different types of green intellectual capital such as green human capital, green structural capital, and green relational capital on environmental sustainability in the Sultanate of Oman. It has become a crucial aspect to analyze the effect of green intellectual capital on ecological sustainability. A simple random sample technique is used to assemble data using a structured questionnaire from 205 respondents working at Raysut Cement Company and Salalah Methanol Company in Oman. The covariance-based equation in the structural modeling perspective is used to examine data. The study's results reveal that green structure-based capital is the only dimension of green Intellectual capital that significantly affects environmental sustainability. In contrast, green human capital and relation-based capital do not substantially affect ecological sustainability. Conclusively, this study also provides ecological strategies that can be useful to enrich organizations to accomplish sustainability. [ABSTRACT FROM AUTHOR]

As the global concerns regarding climate change and the related environmental adversities continue to persist alongside rapid development of the world economies, the United Nations declared a set of compressive sustainable development goals (SDG) that are to be realized by the end of 2030. These goals are specifically conceptualized to collectively facilitate the attainment of sustainable socioeconomic development while concurrently improving the quality of the global environment. Hence, this study assesses the interlinkages between economic growth, environmental pollution, financial development, and renewable energy use in light of the objectives of SDG8, SDG13, SDG10, and SDG7 by considering the BRICS nations as a case study. Although the previous studies, in this regard, have predominantly focused on specifically scrutinizing the determinants of these four macroeconomic variables of concern, not much importance was shown to map the interrelationships among these variables. The econometric analysis conducted in this study utilizes quarterly frequency data covering the period from 1990‐Q1 to 2020‐Q4. Overall, the findings from causality and variance decomposition analyses reveal that in the long run these variables are influenced by each other which, in turn, also verifies the cross‐linkages between the four SDG of concern. Besides, the causality‐related findings appear to be robust when alternate causality estimators are employed. Therefore, based on these critically important causal relationships, a set of interactive SDG‐related policies is recommended. [ABSTRACT FROM AUTHOR]