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Öğe Do bureaucratic policy and socioeconomic factors moderate energy utilization effect of net zero target in the EU?(ACADEMIC PRESS LTD- ELSEVIER SCIENCE LTD, 24-28 OVAL RD, LONDON NW1 7DX, ENGLAND, 2022) Alola, Andrew Adewale; Okere, Kingsley Ikechukwu; Muoneke, Obumneke Bob; Dike, Glory ChiyoruBased on the commitment to improve environmental quality across European Union under the United Nations’ Sustainable Development Goals and varying national goals, this study investigates the dynamic linkages between bureaucracy, socioeconomic factors, conventional fossil fuel energy consumption vis-` a-vis aggregate fossil and disaggregate fossil (oil, coal, and gas) fuels and environmental quality in the panel of selected 25-EU nations for the period 1990–2017. The study employs relevant second-generation empirical method and unearth the following results: (1) inverted environmental Kuznets curve was validated while fossil fuel consumption has a deteriorating impact on environmental performance due to its positive effect on carbon emission; (2) fossil fuel energy consumption (both aggregate and it components) exerts a dampening impact on environmental performance due to its positive effect on carbon emission; (3) that direct effect of bureaucracy and socioeconomic factors promote environmental quality but the degree or magnitude of influence is significantly different between bureaucratic system and socioeconomic factor, and (4) the moderating or indirect impact of bureaucracy, socioeconomic on the environment via fossil fuel energy consumption is observed and significantly different across the model specification. Moreover, the result reveals a unidirectional causal relationship flows from GDP per capita, bureaucracy and socioeconomic factors to carbon emission, while bi-directional relationships between oil, gas and carbon emission are established. In policy direction, the study therefore recommend that the European Union member countries should further explore the opportunities in clean energy development in order to ameliorate the continent’s environmental concerns. Furthermore, in the quest to scale up the bloc’s energy transition, significant improvement in the countries’ bureaucracy establishment and socioeconomic conditions could hasten the energy transition and efficiency policy while improving the environmental sustainability drive.Öğe The Role of Legal System and Socioeconomic Aspects in the Environmental Quality Drive of the Global South(SPRINGER, VAN GODEWIJCKSTRAAT 30, 3311 GZ DORDRECHT, NETHERLANDS, 2022) Alola, Andrew Adewale; Dike, Glory Chiyoru; Alola, Uju VioletThe increasing environmental challenges associated with the Global South is potentially associated with the socioeconomic changes amid potential institutional defciencies such as the weak or inefcient environmental regulation. Thus, this twenty-frst century challenge has increasingly necessitated more climate action from the Global South as championed by the developed economies. On this note, examines the environmental aspects of law and order (LO) vis-à-vis legal system and socioeconomic (SE) indexes of the Political Risk Services for a panel of 80 selected Global South countries over the period 1984–2014. Additionally, by employing the economic growth vis-à-vis the Gross Domestic Product per capita (GDPC) as additional explanatory variable, the study employs the more recent experimental techniques of Mean Group Estimator (MG), the Augmented Mean Group Estimator (AMG) and the Common Correlated Efects Mean Group (CCEMG). Importantly, with the more efcient CCEMG, the study found that the strength of the legal system in the Global South (although not statistically signifcant) is a crucial factor to mitigated carbon emission in the panel countries. However, the study found that an improved socioeconomic condition and economic expansion is detrimental to the Global South’s environmental quality. Furthermore, the Granger causality result implied that each of LO, SE and GDPC exhibits a feedback relationship with carbon emissions. Hence, the study suggests the need for a stronger implementation of environmental regulations through a revitalized legal system and some concerted socioeconomic policies that address poverty and unemployment among other factors.