Breaking the carbon curse: The role of financial development in facilitating low‐carbon and sustainable development in Algeria

Author(s):  
Chinazaekpere Nwani ◽  
Ekpeno L. Effiong ◽  
Sunday Ituma Okpoto ◽  
Ikechukwu Kingsley Okere
2018 ◽  
Vol 3 (1) ◽  
pp. 55-78 ◽  
Author(s):  
Ekundayo Peter Mesagan ◽  
Mike I. Nwachukwu

In this study, we analyze the determinants of environmental quality in Nigeria, focusing on the role of financial development. It is a time series analysis covering the period from 1981 to 2016. The study uses the ARDL bounds testing approach to analyze data on urbanization, per capita income, environmental degradation, energy consumption, trade intensity, and capital investment. We generate the environmental degradation index using principal component analysis (PCA). Empirical results suggest that income, financial development, energy consumption, and trade are significant in explaining environmental quality, whereas investment and urbanization are insignificant in the model. Moreover, we find no causality between the capital investment, financial development, and environmental quality, although urbanization and income unidirectionally cause environmental degradation. Also, there exists a bidirectional causality between energy consumption and environmental degradation. Therefore, to ensure efficient credit allocation to low carbon emitting firms, financial sector operators should adequately screen investment proposals before committing funds to them.


2021 ◽  
Vol 13 (14) ◽  
pp. 7628
Author(s):  
Emil Nagy ◽  
Carolina Berg Rustas ◽  
Cecilia Mark-Herbert

The concept of the bioeconomy is associated with sustainable development changes and involves transitions in both production and consumption within systems. Many of these transitions relate to using renewable resources, like forest biomass, to meet basic needs, such as food, energy and housing. However, consumers must become aware of the forest-based bioeconomy so that they can contribute to the transition. This study aims to contribute to an understanding of this matter that may lead to social acceptance of the forest-based bioeconomy and, in particular, to Swedish consumer awareness of the concept and of a particular product (wooden multi-story buildings) representing the forest-based bioeconomy. The results show consumer awareness of forest sequestration capacity but less awareness of the connection to the forest-based bioeconomy and the role of wooden multi-story buildings. The results indicate a slow transition that is hindered by path dependence and limited comprehension among consumers of the effects of their choices for a forest-based bioeconomy. This study provides valuable insights for future studies of how consumer awareness and social acceptance of the forest-based bioeconomy are interconnected.


Nuclear Law ◽  
2022 ◽  
pp. 271-298
Author(s):  
Sama Bilbao y Leòn ◽  
John C. H. Lindberg

AbstractAfter decades of mostly rhetoric on climate change, robust and urgent actions must be taken to avoid its worst effects. However, the energy transition discourse reflects an anti-humanitarian philosophy that will undermine any serious efforts of achieving decarbonisation, as well as merely entrenching already-existing global inequalities. The potential of nuclear power for radically reducing greenhouse gas emissions has been well-explored. However, to date, few attempts have been made to fully discern the broader positive impacts nuclear technology can have on achieving sustainable and equitable development. Nuclear science and technology have broad applications and should be placed at the centre of policies aimed at combatting energy poverty, reducing air pollution, providing clean water, addressing food insecurity, or fulfilling any other of the United Nations’ 17 SDGs. This chapter explores the centrality of energy in ensuring sustainable development, a just energy transition, and the importance of nuclear energy, which goes far beyond simply delivering low-carbon electricity.


2021 ◽  
Vol 13 (21) ◽  
pp. 12000
Author(s):  
George H. Ionescu ◽  
Elena Jianu ◽  
Ioana C. Patrichi ◽  
Florin Ghiocel ◽  
Lili Țenea ◽  
...  

The European Union has taken on the role of global leader in implementing the Sustainable Development Goals set out in the 2030 Agenda for Sustainable Development, making substantial efforts to support this ambitious approach at the level of each Member State. The objective of this research is the assessment of Sustainable Development Goals (SDG) implementation in Bulgaria as well as the existing development potential, given the existing knowledge gap related to this important topic. The data available on Eurostat were processed using dynamic indices and time series analysis based on ARIMA methodology in order to identify the evolution trend of the main indicators associated with the SDGs, as well as the dynamics of progress. The results obtained estimate, for 2030, a degree of fulfillment of the assumed targets of 36.28%, but also reveal the existence of high potential for accelerating the transition process to a low-carbon economy and a more sustainable and inclusive society.


2011 ◽  
Vol 690 ◽  
pp. 177-180
Author(s):  
Diran Apelian

The 21st Century faces grand challenges, and sustainable development for the planet is an issue that cannot be ignored. The role of Materials Science and Engineering (MSE) is pivotal in addressing these societal grand challenges. In the keynote lecture the specific MSE areas will be discussed. In this paper, the context and the framework for these developmental areas will be presented.


Sign in / Sign up

Export Citation Format

Share Document