Linking gold prices,fossil fuel costs and energy consumption to assess progress towards sustainable development goals in newly industrialized countries

The continuous rise in global environmental challenges has led to urgency toward establishing a secure framework to achieve sustainable development goals.This study establishes a novel theoretical framework to analyze the role of energy prices,energy consumption,gold prices and economic growth on environmental degradation in newly industrialized economies.To realize sustainable development goals and foster environmental defence,this study utilizes CS-ARDL as the main econometric approach to investigate the asymmetric association between environmental degradation and relevant factors.We also use AMG,CS-DL,Driscoll-Kray and FGLS to enhance the robustness of our findings.Our econometric approach reveals that energy resource prices and renewable energy consumption reduce environmental degradation,while gold prices and fossil energy consumption elevate environmental pollutants.We also confirm the existence of the EKC hypothesis.The findings of our extensive analysis paved the way for a welldesigned environmental policy for NIC economies should focus on renewable energy consumption,green investments,and structural changes.

Impacts of nuclear energy,greener energy,and economic progress on the load capacity factor:What we learn from the leading nuclear power economies?

The worldwide tremor of environmental degradation commonly represents the escalation of emissions levels and ecological footprints that harm the planet’s biocapacity.This is because of using gigantic non-renewable energy resources,urbanization stream and massive economic activities in the major industrialized nations.Amid this situation,we investigate the influence of disaggregated energy measures,e.g.,renewable,and nuclear energy,income growth and urbanization on the load capacity factor(biocapacity divided by the ecological footprint)of major nuclear power countries,such as France,the USA,Canada,China,and Russia during 1990-2021.To this end,we utilize the CS-ARDL procedure because of the endogeneity,common correlation,non-stationarity in data and heterogeneity in panel units.We contribute to considering the supply side dynamic of environmental degradation parameter,the load capacity,from the perspective of the top nuclear power nations that deviates our analysis from the prevailing scholarly works.However,our findings confirm a significantly positive impact of renewable and nuclear energy on the load capacity factor in improving environmental safety.Besides,economic growth and urbanization negatively affect the load capacity dynamics in spurring environmental degradation.Our findings are robust across an alternative estimation technique,namely the Dumitrescu and Hurlin(DH)causation analysis.Therefore,we recommend formulating pragmatic policies to deter the detrimental effects of income and urbanization by properly utilizing sustainable energy resources to conserve the natural environment.