Renewable energy, financial globalization and load capacity factor in the US: Ecological neutrality in the context of natural resources

IF 1.4 4区地球科学 Q3 GEOSCIENCES, MULTIDISCIPLINARY

Geological Journal Pub Date : 2024-08-22 DOI:10.1002/gj.5043

Saifullahi Sani Ibrahim, Ahmed Samour, Hamza Almassri, Joanna Kurowska‐Pysz

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引用次数: 0

Abstract

The United States (US) as the second leading economy in global ecological pollution has become a fertile ground for a rigorous analysis of the ecological neutrality using load capacity factor (LCF) and carbon‐based consumption (CCO2). This is important for the global drive of achieving environmental sustainability by 2050. The LCF is one of the most comprehensive ecological proxies that incorporate the biocapacity and ecological footprint. In this context, this research examines the effect of natural resources, technological innovation, renewable energy and financial globalization on ecological neutrality in the US for the date spanning from 1990 to 2021. Using the novel augmented auto‐regressive distributive lag (AARDL) model, the empirical findings of this study indicate that (i) natural resources, renewable energy, and technological innovation promote ecological neutrality by increasing LCF and decreasing CCO2 emissions; (ii) financial globalization and economic growth mitigate the LCF and increase CCO2 emissions; and (iii) a causal effect is observed among technological innovation, natural resources, renewable energy, CCO2 and LCF. In light of the findings, this study recommends several crucial measures for ecological neutrality targets set out in sustainable development goals (SDGs) 7 and 13, respectively.

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美国的可再生能源、金融全球化和负载能力系数：自然资源背景下的生态中和

作为全球生态污染第二大经济体，美国已成为利用负载能力系数（LCF）和碳基消耗（CCO2）对生态中性进行严格分析的沃土。这对于全球推动在 2050 年前实现环境可持续发展非常重要。LCF 是包含生物容量和生态足迹的最全面的生态代用指标之一。在此背景下，本研究探讨了自然资源、技术创新、可再生能源和金融全球化对美国 1990 年至 2021 年生态中和的影响。利用新颖的增强自回归分布滞后（AARDL）模型，本研究的实证结果表明：(i) 自然资源、可再生能源和技术创新通过增加 LCF 和减少 CCO2 排放促进生态中性；(ii) 金融全球化和经济增长缓解 LCF 并增加 CCO2 排放；(iii) 技术创新、自然资源、可再生能源、CCO2 和 LCF 之间存在因果效应。根据研究结果，本研究建议采取几项关键措施，分别实现可持续发展目标（SDGs）7 和 13 中规定的生态中和目标。

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来源期刊

Geological Journal 地学-地球科学综合

CiteScore

4.20

自引率

11.10%

发文量

269

审稿时长

3 months

期刊介绍： In recent years there has been a growth of specialist journals within geological sciences. Nevertheless, there is an important role for a journal of an interdisciplinary kind. Traditionally, GEOLOGICAL JOURNAL has been such a journal and continues in its aim of promoting interest in all branches of the Geological Sciences, through publication of original research papers and review articles. The journal publishes Special Issues with a common theme or regional coverage e.g. Chinese Dinosaurs; Tectonics of the Eastern Mediterranean, Triassic basins of the Central and North Atlantic Borderlands). These are extensively cited. The Journal has a particular interest in publishing papers on regional case studies from any global locality which have conclusions of general interest. Such papers may emphasize aspects across the full spectrum of geological sciences.