Unlocking the investment impact of biomass energy utilization on environmental degradation for an isolated island

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dc.authoridGyamfi, Bright Akwasi/0000-0002-7567-9885
dc.authoridBekun, Festus Victor/0000-0003-4948-6905
dc.authoridGyamfi, Bright Akwasi/0000-0002-7567-9885
dc.authoridBein, Murad Abdurahman/0000-0002-3248-4316
dc.contributor.authorGyamfi, Bright Akwasi
dc.contributor.authorAgozie, Divine Q.
dc.contributor.authorBein, Murad A.
dc.contributor.authorBekun, Festus Victor
dc.contributor.authorAdedoyin, Festus Fatai
dc.date.accessioned2024-09-11T19:51:54Z
dc.date.available2024-09-11T19:51:54Z
dc.date.issued2022
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractPurpose Discussions on environment-friendly production connected with the concerns of growing biomass emissions have gained much attention. In this regard, this study aims to explore the issue of biomass energy consumption and its related emission effects on the economic and environmental well-being of the economy of Cyprus. Design/methodology/approach This study sources time series data on specific variables from the Global Material Flow and the World Bank's World Development Indicators (WDI, 2020) between 1990 and 2016. The Robust least square (ROB-L-2) in conjunction with Pesaran autoregressive distributed lag (ARDL) methodology analysis techniques was used in addition to the Granger causality tests to examine the direction of causality flow between the variables under consideration. Findings The results indicate that biomass energy usage in the long run reduces pollution and negatively correlates with CO2 emissions level. Also, the decline of emission is influenced by increased foreign direct investment (FDI), thus, activities of foreign investors contribute to combating emission in the country. According to empirical results, non-renewable energy consumption showed both positive and negative influences on increased emission level, whereas economic growth is increasing carbon dioxide emission for the case of Cyprus. Originality/value This study applies current reliable data that offers renewed insights and sheds light on the state of affairs on biomass utilization from a developing country perspective. Additionally, it extends the discourse on the impact of biomass utilization on CO2 emissions by considering the impact of FDI, trade flow and energy consumption in a carbon-income function built on the liner version of the environmental Kuznets curve hypothesis. Although this is by no means exhaustive, the study pioneers the discourse on how FDI with biomass utilization among other relevant variables influences carbon dioxide emission.en_US
dc.identifier.doi10.1108/IJESM-11-2020-0007
dc.identifier.endpage604en_US
dc.identifier.issn1750-6220
dc.identifier.issn1750-6239
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-85112568917en_US
dc.identifier.startpage585en_US
dc.identifier.urihttps://doi.org/10.1108/IJESM-11-2020-0007
dc.identifier.urihttps://hdl.handle.net/11363/7850
dc.identifier.volume16en_US
dc.identifier.wosWOS:000691346500001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherEmerald Group Publishing Ltden_US
dc.relation.ispartofInternational Journal of Energy Sector Managementen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmz20240903_Gen_US
dc.subjectBiomass energyen_US
dc.subjectEconomic growthen_US
dc.subjectCarbon reductionen_US
dc.subjectEnvironmental sustainabilityen_US
dc.subjectNon-renewable energyen_US
dc.subjectCyprusen_US
dc.titleUnlocking the investment impact of biomass energy utilization on environmental degradation for an isolated islanden_US
dc.typeArticleen_US

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