Abstract
This article investigates the effects of sustainable power source, Foreign Direct Investment, International exchange, and Tourism on carbon outflow in five developed countries (i.e., Singapore, Qatar, Malaysia, South Korea, and Japan) and five developing countries (i.e., Pakistan, Bangladesh, Srilanka, China, and Indonesia) of Asia for the period 2000 to 2020 by utilizing System GMM, FMOLS, and DOLS models. The GMM framework shows that the outside direct speculation and the travel industry increase the discharge, while the renewable vitality utilization and universal exchange diminish the carbon outflow in technologically advanced nations. Sustainable power source utilization, the travel industry, and worldwide trade increase the emanation, while remote direct speculation decreases carbon outflow in developed countries. In contrast, the travel industry, financial development, and exchange transparency diminish CO2 outflows in developed nations. FDI, travel industry, and worldwide exchange are the significant drivers to build carbon discharge, while sustainable power source utilization and financial development fundamentally announce carbon outflows in developing nations. This investigation has significant proposals that the natural quality could be upgraded by expanding sustainable power source utilization, pull in FDI, advancing the travel industry arrangements, and exchange receptiveness.
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All results reported in this research were carried out in R-studio with the help of the “PLM”.
package available online: https://cran.rproject.org/web/packages/plm/vignettes/plmpackage.html
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The research was supported by the National Natural Science Foundation of China (Grant Nos. 11971142, 11871202, 61673169, 11701176, 11626101, 11601485).
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Y. A. Khan, Y. M. Chu, and S. Z. Abbas designed research; Y. A. K and S. Z. Abbas performed the research; Y. A. Khan, M. Ahmad analyzed the data; and Y. A. Khan, M. Ahmad, and M. A. Haider wrote the paper.
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Khan, Y.A., Abbas, S.Z., Chu, Y.M. et al. Study of environmental dynamic through optimized potential variables: renewable energy. Air Qual Atmos Health 13, 1127–1134 (2020). https://doi.org/10.1007/s11869-020-00869-9
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DOI: https://doi.org/10.1007/s11869-020-00869-9