Mediating role of finance amidst resource and energy policies in carbon control: A sustainable development study of Saudi Arabia

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dc.authoridEmir, Firat/0000-0002-6377-3794
dc.authoridUdemba, Edmund Ntom/0000-0003-4191-0767
dc.contributor.authorShi, Lumin
dc.contributor.authorUdemba, Edmund Ntom
dc.contributor.authorEmir, Firat
dc.contributor.authorKhan, Nazakat Ullah
dc.contributor.authorHussain, Sadam
dc.contributor.authorBoukhris, Imed
dc.date.accessioned2024-09-11T19:51:19Z
dc.date.available2024-09-11T19:51:19Z
dc.date.issued2023
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractThis study examines how best to achieve inclusive sustainable development and meeting of carbon target in Saudi Arabia. With a track record of high economic performance due to its richness in natural resources, specifically oil resources, Saudi Arabia is characterized by heavy economic activities that are anchored on natural resources and excessive energy utilization. Two scientific approaches, non-linear autoregressive distributed lag (NARDL) and dynamic ordinary least square (DOLS), are adopted to analyze annual data spanning the period 1990-2019. Also, policy-based variables (financial development, renewable energy and natural resources) are selected for the analyses. Findings from NARDL show that carbon emission (CO2) is reduced by a positive shock to both financial development and renewable energy, and increased by an adverse shock to financial development and renewable energy. However, a positive shock to both economic growth and natural resources increases carbon emission, thereby impacting negatively on the environment. Quantitatively, for every 1% increase in natural resource rent, the environmental quality worsens by 0.093%. Additionally, the country's average CO2 emission level increases by 1.093% for every 1% increase in economic growth, thus lowering long-term envi-ronmental quality. Findings from DOLS align with the findings from NARDL, thereby supporting the moderating effects of financial development and renewable energy. The study findings suggest policies based on finance and renewable energy to aid sustainable development.en_US
dc.description.sponsorshipKey project of the National Social Science Foundation [18AJY013]; Fujian Social Science Foundation Project [FJ2022MJDZ049]; King Khalid University, Saudi Arabia; [L.R.G. P2/9/44]en_US
dc.description.sponsorshipThis work was financially supported by the Key project of the Na- tional Social Science Foundation (18AJY013) ; Fujian Social Science Foundation Project (FJ2022MJDZ049) . The authors extend their appreciation to the Deanship of Scientific Research at King Khalid University, Saudi Arabia for funding this work through Large Research Groups Program under grant number (L.R.G. P2/9/44) .en_US
dc.identifier.doi10.1016/j.resourpol.2023.103521
dc.identifier.issn0301-4207
dc.identifier.issn1873-7641
dc.identifier.scopus2-s2.0-85151627762en_US
dc.identifier.urihttps://doi.org/10.1016/j.resourpol.2023.103521
dc.identifier.urihttps://hdl.handle.net/11363/7755
dc.identifier.volume82en_US
dc.identifier.wosWOS:001008727600001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherElsevier Sci Ltden_US
dc.relation.ispartofResources Policyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240903_Gen_US
dc.subjectNatural resourcesen_US
dc.subjectFinancial developmenten_US
dc.subjectRenewable energyen_US
dc.subjectSustainable developmenten_US
dc.subjectNon-linear and linear methodsen_US
dc.subjectSaudi Arabiaen_US
dc.titleMediating role of finance amidst resource and energy policies in carbon control: A sustainable development study of Saudi Arabiaen_US
dc.typeArticleen_US

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