Natural resource management is indispensable keeping in view their positive economic impacts as well as their detrimental environmental consequences.To achieve certain SDGs,it is inevitable to manage natural resources...Natural resource management is indispensable keeping in view their positive economic impacts as well as their detrimental environmental consequences.To achieve certain SDGs,it is inevitable to manage natural resources through effective policies that help to inhibit adverse environmental impacts.Based on this approach,the current empirical analysis aims to probe whether environmental policy stringency intensifies,meagres,and/or halts the abysmal environmental impact of natural resources in G-7 countries(United Kingdom,United States,Canada,Italy,France,Japan,and Germany)for the period from 1990 to 2020.To that end,we rely on the second-generation panel data approaches and panel quantile regression.The outcomes reveal that natural resources increase carbon dioxide emission whereas the synergy of natural resources and environmental policy stringency plunges emissions across the quantiles.These findings suggest adoption of a strict environmental policy for attaining the targets of SGD-08(economic growth),SDG-09(innovations),SDG-11(sustainable cities),SDG-12(responsible consumption of natural resources),and SDG-13(climate action).展开更多
Compatible with the increasing public interest on climate change,countries have taken measures to combat climate change and support environmental sustainability.Considering this fact,this study investigates whether en...Compatible with the increasing public interest on climate change,countries have taken measures to combat climate change and support environmental sustainability.Considering this fact,this study investigates whether environmental measures,proxied by the environmental policy stringency(EPS)index,are efficient in achieving sustainability of environment in G7 countries as the leading economies;uses multiple environmental sustainability indicators,and applies quantile methods from 1991/Q1 to through 2020/Q4.The results show that(i)EPS curbs carbon dioxide emissions in France and the United States across all quantiles.Also,it has a declining effect in Germany and Italy at lower quantiles and in Canada at lower and higher quantiles;(ii)EPS declines ecological footprint in United States across all quantiles,while it curbs in Canada and Germany at lower quantiles as well as in Italy and United Kingdom at higher quantiles;(iii)EPS stimulates load capacity factor in France,United Kingdom,and United States across all quantiles and in Canada at higher quantiles;(iv)causal effect of EPS on the environment varies throughout quantiles;(v)the robustness of the results by quantile regression method is verified.Overall,the results reveal that the effect of EPS on environmental sustainability differentiates across environmental indicators,countries,and quantiles.In ensuring environmental quality,EPS is completely helpful in the United States,fully inefficient in Japan,and has a mixed effect in remaining G7 countries.展开更多
基金Guangdong University of Foreign Studies,Guangdong,China(Grant No.299-GK23G396)This research is funded by Thoungmai University,Hanoi,Vietnam.
文摘Natural resource management is indispensable keeping in view their positive economic impacts as well as their detrimental environmental consequences.To achieve certain SDGs,it is inevitable to manage natural resources through effective policies that help to inhibit adverse environmental impacts.Based on this approach,the current empirical analysis aims to probe whether environmental policy stringency intensifies,meagres,and/or halts the abysmal environmental impact of natural resources in G-7 countries(United Kingdom,United States,Canada,Italy,France,Japan,and Germany)for the period from 1990 to 2020.To that end,we rely on the second-generation panel data approaches and panel quantile regression.The outcomes reveal that natural resources increase carbon dioxide emission whereas the synergy of natural resources and environmental policy stringency plunges emissions across the quantiles.These findings suggest adoption of a strict environmental policy for attaining the targets of SGD-08(economic growth),SDG-09(innovations),SDG-11(sustainable cities),SDG-12(responsible consumption of natural resources),and SDG-13(climate action).
文摘Compatible with the increasing public interest on climate change,countries have taken measures to combat climate change and support environmental sustainability.Considering this fact,this study investigates whether environmental measures,proxied by the environmental policy stringency(EPS)index,are efficient in achieving sustainability of environment in G7 countries as the leading economies;uses multiple environmental sustainability indicators,and applies quantile methods from 1991/Q1 to through 2020/Q4.The results show that(i)EPS curbs carbon dioxide emissions in France and the United States across all quantiles.Also,it has a declining effect in Germany and Italy at lower quantiles and in Canada at lower and higher quantiles;(ii)EPS declines ecological footprint in United States across all quantiles,while it curbs in Canada and Germany at lower quantiles as well as in Italy and United Kingdom at higher quantiles;(iii)EPS stimulates load capacity factor in France,United Kingdom,and United States across all quantiles and in Canada at higher quantiles;(iv)causal effect of EPS on the environment varies throughout quantiles;(v)the robustness of the results by quantile regression method is verified.Overall,the results reveal that the effect of EPS on environmental sustainability differentiates across environmental indicators,countries,and quantiles.In ensuring environmental quality,EPS is completely helpful in the United States,fully inefficient in Japan,and has a mixed effect in remaining G7 countries.
