The Dual Challenge: Economic Development and Environmental Sustainability
Abstract/Description
The balance between economic growth and environmental sustainability has become a primary global concern in recent years. The factors necessary to drive economic development simultaneously deteriorate the environmental quality. This paper attempts to unearth variables that are essential for economic growth as well as for improving environmental quality such as economic freedom, trade, in low-carbon technologies and renewable energy consumption. The study is conducted on a large panel of data which includes countries from all regions of the world. We find a significant negative impact of economic growth and globalisation on environmental quality. Whereas renewable energy, economic freedom and low-carbon technology imports all have a significant positive impact on environmental quality. Our extended analysis indicates that the impact of economic growth factors on carbon emissions varies between developed and developing countries.
Keywords
Environmental degradation (ED), Economic growth (EG), Renewable energy consumption (REC), CO2 emissions
Track
Finance
Session Number/Theme
Finance - Session III
Session Chair
Dr. Javed Iqbal
Start Date/Time
14-6-2025 10:55 AM
End Date/Time
14-6-2025 12:35 PM
Location
MCC 12 Ground Floor, AMAN CED Building
Recommended Citation
Chamadia, S. (2025). The Dual Challenge: Economic Development and Environmental Sustainability. IBA SBS 4th International Conference 2025. Retrieved from https://ir.iba.edu.pk/sbsic/2025/program/102
COinS
The Dual Challenge: Economic Development and Environmental Sustainability
MCC 12 Ground Floor, AMAN CED Building
The balance between economic growth and environmental sustainability has become a primary global concern in recent years. The factors necessary to drive economic development simultaneously deteriorate the environmental quality. This paper attempts to unearth variables that are essential for economic growth as well as for improving environmental quality such as economic freedom, trade, in low-carbon technologies and renewable energy consumption. The study is conducted on a large panel of data which includes countries from all regions of the world. We find a significant negative impact of economic growth and globalisation on environmental quality. Whereas renewable energy, economic freedom and low-carbon technology imports all have a significant positive impact on environmental quality. Our extended analysis indicates that the impact of economic growth factors on carbon emissions varies between developed and developing countries.
