Energy Transition, Sustainable Development Opportunities, and Carbon Emissions Mitigation: Is the Developed World Converging Toward SDGs-2030?

The success of sustainable development heavily depends on successful energy transition toward renewable or carbon-free energy sources. This study attempted to analyze the impact of sustainable development and environmental initiatives on sustainable energy transition in selected OECD economies. For this purpose, the study generated the dataset of environment air and GHG emission, environmental-related technologies, development (gross domestic product, trade openness, and gross domestic spending on R&D) and sustainable environment (air and GHG emission and environmental-related technologies), and energy sources (renewable energy consumption, nonrenewable energy consumption, and sum of total energy consumption) of selected economies of OECD between 2000 and 2020. This study utilized dynamic panel GMM for regression analysis, and FMOLS and DOLS were applied as the robustness models. Empirical results indicated that sustainable development and a sustainable environment contribute positively to the energy transition process in OECD economies. However, these factors also negatively contribute to non-renewable energy consumption in OECD. Thus, the study’s outcomes confirmed the sustainable energy transition in OECD. Therefore, this study suggested that the success of Sustainable Development Goals depends on successful energy transition

Economic Growth, Environmental Efficiency, and Industrial Transfer Demonstration Zones of China: A Way Forward for CPEC

Environmental efficiency, industrial transfer demonstration zones, and carbon transfer networks can impact the quality of the environment. This paper examines the relationship between environmental efficiency, carbon transfer networks, and national industrial transfer demonstration zones tested by utilizing some prefectural-level Chinese cities’ panel data from 2003 to 2017 through the Different-in-Difference method as way forward for China Pakistan Economic Corridor (CPEC). The results show that environmental efficiency improved with industrial transfer demonstration zones by boosting the ability to innovate, government’s expenditure on the environment, and regulatory frameworks for the environment. The findings reflect a significant increase in the GDP of the triennial industry while an insignificant decrease. Hence, to promote all-inclusive first-rate development, regional collaborative must be ensured during industrial transformation demonstration

Impact of Tourism Receipts, FDI and Energy Usage on Economic Growth in South Asia

Purpose: The study examines the significant and direct influence of FDI and tourism income on economic growth in selected South Asian countries. . Design/Methodology/Approach: The study has made use of ARDL regression methodology to analyze the influence of tourism receipts, FDI and energy usage on economic growth.Findings: This study shows a strong long-term FDI, tourist receipts, and energy links, whereas the effects of these variables are less valuable in the short term.Implications/Originality/Value: It is generally recognized that FDI accompanies general economic expansion, the development of tourism, and the use of energy around the globe. However, several empirical outcomes have been disclosed in a long-standing discussion.&nbsp

Control of Carbon Emissions by Promoting Economic Growth and Renewable Energy in Newly Emerging Economic Block

This research examines the effects of economic growth and energy consumption in the new developing economic block of Silk Road on carbon emissions (SERB). The energy consumption is further synthesized into renewable and non-renewable energy sources to distinguish their role in carbon emissions. This study considered panel data (1995-2014) of twenty-four middle-income countries along the Belt and Road initiative for empirical analysis. The fixed effect, random effect, and GMM methods were performed to confirm the cointegration relationship. Results highlighted the role of economic growth, renewable energy, and nonerasable energy on carbon emissions in the short and long run. Thus, it can be concluded that the newly emerging block resulting from Belt and Road initiative could get the maximum economic benefits of this project by using renewable energy sources. The new renewable energy projects may help increase clean energy and reduce carbon emissions in the emerging economic block due to the Belt and Road initiative

The Covid-19 outbreak, a Failure of Social Protection System: A Policy Perspective of Energy and Economic Recovery

COVID-19 has proliferated personage suffering around the world. The virus is contagious medically and economically as well. The study's main aim is to examine the failure of the social protection system caused by the COVID-19 pandemic. Three major dimensions of the social protection system have been addressed in this research—a shock to the labor market, health emergency, and massive change in energy usage. Covid pandemic had cost the world economy more than $2 trillion. The labor market is badly affected significantly; workers engaged in the informal economy. The Director-General (WHO) has declared the COVID-19 pandemic as a public health emergency of international concern. It is one of the highest levels of alarm by WHO in history. Global Energy Review 2020 shows that those complete lockdowns have a 25% decline in the energy demand per week. As economic activity slowdown due to the closure of the industry, banned transportation, and lockdown. Conclusively, it is examined that the coronavirus pandemic has brought a worldwide failure of social protection system required a comprehensive policy and a firmed leadership to stand against the outbreak