The effects of Environmental Kuznets Curve toward environmental pollution, energy consumption on sustainable economic growth through moderate role of technological innovation

Environ Sci Pollut Res Int. 2022 Jan;29(1):405-416. doi: 10.1007/s11356-021-16956-y. Epub 2021 Oct 21.

Abstract

South Asia is a hub for encompassing air contamination, with 37 of the top tiers of the 40 most contaminated urban communities around the globe (IQAIR, 2020). From this perspective, this research aims to explore the validity of the Environmental Kuznets Curve while controlling for the impacts of technological innovation and energy consumption on the sustainable economic growth-environmental pollution nexus in the backdrop of South Asian economies by using panel dataset from 1998 to 2018. Therefore, this analysis adopts a fully modified ordinary least square (FMOLS) approach for examination, which affirms the EKC hypothesis existence, suggesting that the environment in South Asia is deteriorating while technological innovations have moderated the impact. Moreover, the empirical findings indicate that energy consumption as well as technological innovations both have a significant positive impact on the CO2 emanations, which harms biodiversity.

Keywords: Biodiversity; EKC; Energy consumption; Environmental pollution; South Asian economies; Sustainable economic growth; Technological innovations.

Publication types

  • Review

MeSH terms

  • Carbon Dioxide / analysis
  • Economic Development*
  • Environmental Pollution / analysis
  • Inventions*
  • Renewable Energy
  • Sustainable Growth

Substances

  • Carbon Dioxide