Huang, Yi and Rahman, Saif Ur and Muhammad, Saeed Meo * and Ali, Muhammad Sibt E. and Khan, Sarwar (2024) Revisiting the environmental Kuznets curve: assessing the impact of climate policy uncertainty in the Belt and Road Initiative. Environmental Science and Pollution Research, 31. pp. 10579-10593. ISSN 0944-1344
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Climate change repercussions such as temperature shifts and more severe weather occurrences are felt globally. It contributes to larger-scale challenges, such as climate change and biodiversity loss in food production. As a result, the purpose of this research is to develop strategies to grow the economy without harming the environment. Therefore, we revisit the environmental Kuznets curve (EKC) hypothesis, considering the impact of climate policy uncertainty along with other control variables. We investigated yearly panel data from 47 Belt and Road Initiative (BRI) nations from 1998 to 2021. Pooled regression, fixed effect, and the generalized method of moment (GMM) findings all confirmed the presence of inverted U-shaped EKC in BRI counties. Findings from this paper provide policymakers with actionable ideas, outlining a framework for bringing trade and climate agendas into harmony in BRI countries. The best way to promote economic growth and reduce carbon dioxide emissions is to push for trade and climate policies to be coordinated. Moreover, improving institutional quality is essential for strong environmental governance, as it facilitates the adoption of environmentally friendly industrialization techniques and the efficient administration of climate policy uncertainties.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Belt and Road Initiative; BRI; generalized method of moment; GMM; environmental Kuznets curve; EKC; environmental quality; EQ; gross domestic product; GDP; ordinary least square; OLS; |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HF Commerce Q Science > QC Physics |
| Divisions: | Others > Non Sunway Academics Sunway University > Sunway University Business School > Dept. Economics & Finance |
| Depositing User: | Ms Yong Yee Chan |
| Related URLs: | |
| Date Deposited: | 20 May 2024 00:32 |
| Last Modified: | 20 May 2024 01:14 |
| URI: | http://eprints.sunway.edu.my/id/eprint/2626 |
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