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    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 Chiyoru
    Based 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.
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    Does it take international integration of natural resources to ascend the ladder of environmental quality in the newly industrialized countries?
    (ELSEVIER SCI LTD, THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, OXON, ENGLAND, 2022) Adebayo, Tomiwa Sunday; Onifade, Stephen Taiwo; Alola, Andrew Adewale; Muoneke, Obumneke Bob
    Among the new revelation in the natural resources-environment and climate change nexus literature is the criticality of ascending the environmental sustainability ladders of the industrialized economies such as the newly industrialized countries (NICs). This study considers the panel of top ten NICs (Brazil, China, India, Mexico, Malaysia, Philippines, South Africa, Turkey, Indonesia, and Thailand) by utilizing the novel Method of Moments Quantile Regression (MMQR) and other approaches including the Fully Modified Ordinary Least Square (FM-OLS), Dynamic Ordinary Least Square (D-OLS), and the Fixed-effects Ordinary Least Square (FE-OLS) to analyze the related dataset between 1990 and 2018. The combined empirical approaches help to measure the countries’ drive for carbon neutrality. With a startling and unanimous evidence from the employed empirical techniques, natural resource rent is detrimental to the global goal carbon neutrality in the examined panel countries. However, there is a significant relieve that is brought about when globalization moderate the effect of natural resource rent on carbon emission. Another favorable outlook from the study is that economic growth and environmental nexus yields the affirmative validity of environmental Kuznets curve while renewable energy utilization and globalization independently promotes environmental quality in the examined panel countries. Therefore, the result from the study favours a more relaxed border to allow international integration of economic and financial aspects especially for the natural resources-related and environmental-friendly goods and services.
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    The moderating role of environmental-related innovation and technologies in growth-energy utilization nexus in highest-performing eco-innovation economies
    (ELSEVIER SCIENCE INC, STE 800, 230 PARK AVE, NEW YORK, NY 10169, 2022) Lasisi, Taiwo Temitope; Alola, Andrew Adewale; Muoneke, Obumneke Bob; Eluwole, Kayode Kolawole
    In pursuance of SDG 7, 8 and 12, unearthing the substantive role of environmental-related innovations and technologies in mitigating the undesirable effects of fossil fuel dependence and natural resources consumption on the environment in selected highest performing eco-innovation economies unveils cutting edge policy options to aspiring eco-innovation economies. Considering the selected panel of leading eco-innovation economies (Austria, Denmark, Finland, France, Germany, Netherland, Spain, and Sweden), this study examines the contribution of oil utilization, environmental-related technologies-innovations, and the moderating role of environmental-related technologies-innovations in energy-economic output nexus over the period 1990–2020. By employing the recently developed method of moments quantile regression approach alongside long-run estimator and Granger causality approaches as robustness, we found that oil utilization and environmental technologies spur economic growth in the countries while environmental innovations hinder output. Yet, environmental technologies further moderate the positive effect of oil utilization on economic prosperity but the disservice effect of environmentalrelated technological innovation is further exemplified when such innovation is applied to the oil consumption network. Moreover, while a one-way Granger causality evidence is established from environmental technologies to economic output, there is statistical evidence of a bi-directional causal relationship from oil utilization and environmental-related technological innovation to economic output. The policy relevance of this study further unearths the importance of the valuation of cost-effectiveness and energy efficiency of economic inputs such as technology-related inputs, especially during the design and manufacturing process.