Exploring the impact of green technology, renewable energy and globalization towards environmental sustainability in the top ecological impacted countries

Abstract

Green environmental technologies, renewable energy and globalization are interconnected pillars that impact economies and societies. By effectively fostering these resources, environmental policies can help achieve economic prosperity, sustainable development and environmental protection. The current study seeks to address environmental and economic predicaments by empirically examining the role of green technology and renewable energy in influencing the load capacity factor and ecological footprint with the highest ecological impact. Given that these nations are also significant players in the global economy, we also examine the impact of Globalization and economic growth within econometric investigation. The current study uses moments quantile regression (MMQR) as an econometric strategy to report that while innovations in green technology and renewable energy positively influence load factor capacity and help reduce ecological footprint, certain facets of globalization worsen the ecological footprint, thereby unsettling its load factor capacity. These findings underscore the pressing need for policymakers to prioritize integrating environmental and trade policy agreements to ensure progress towards long-term environmental goals.

Keywords

Green technology / Renewable Energy / Globalization / Ecological footprint / Load factor capacity

CRediT authorship contribution statement

Arshian Sharif: Conceptualization, Formal analysis, Investigation, Project administration, Writing – original draft. Uzma Bashir: Conceptualization, Data curation, Formal analysis, Investigation, Methodology, Resources, Supervision. Sumera Mehmood: Conceptualization, Data curation, Software, Supervision, Validation. Calvin W.H. Cheong: Project administration, Resources, Software, Validation, Writing – original draft. Muhammad Farhan Bashir: Conceptualization, Data curation, Formal analysis, Resources, Validation, Visualization, Writing – original draft, Writing – review & editing.

Declaration of competing interest

The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.

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