Miao Yinjia, Ather Bukhari Azaz Ali, Bukhari Waqar Ali Ather, Ahmad Shabbir, Hayat Naveed
Chongqing Polytechnic University of Electronic Technology, Chongqing, 401331, China; City University of Macau, Macau, 999078, China.
Faculty of Business and Economics, University of Narowal, Pakistan.
J Environ Manage. 2025 Jan;373:123471. doi: 10.1016/j.jenvman.2024.123471. Epub 2024 Dec 5.
Amidst escalating environmental challenges, the imperative for sustainable development and environmental preservation has become central in contemporary discourse. Where the consumption of fossil fuels poses a significant threat to the global sustainability, the global shift towards renewable energy sources is recognized as a key strategy for nations to confront climate change, enhance economic prosperity, and contribute to global sustainability by promoting green economic growth. In this context, our study makes a momentous contribution to the existing disclosure by investigating the impact of renewable and non-renewable energy consumption on the green economic growth of, not only in the implementing country, but also on the surrounding economies across the South Asian Region. To achieve this objective, the study collected the data from the member states of the South Asian Region for the period of 2000-2020. We took the support from Spatial Durbin Model to empirically estimate the results. Our findings reveal that fossil fuels not only harm the green economic growth of the home country but also exhibit a negative spatial spillover effect, adversely affecting the sustainability efforts of the surrounding economies. In contrast, renewable energy not only benefits the home country but also has a positive spatial spillover effect, promoting sustainability in nearby economies. The results highlight the critical need for cooperative regional initiatives and the interdependence of environmental policies. The study's conclusions, aligned with international agreements such as COP28 and Sustainable Development Goals, provide essential guidance for policymakers addressing the challenges of sustainable growth.
在环境挑战不断升级的背景下，可持续发展和环境保护的必要性已成为当代讨论的核心。鉴于化石燃料的消耗对全球可持续性构成重大威胁，全球向可再生能源的转变被视为各国应对气候变化、促进经济繁荣以及通过推动绿色经济增长为全球可持续性做出贡献的关键战略。在此背景下，我们的研究通过调查可再生和不可再生能源消费对绿色经济增长的影响，不仅对实施国，而且对南亚地区周边经济体的绿色经济增长影响，为现有披露做出了重大贡献。为实现这一目标，该研究收集了2000年至2020年期间南亚地区成员国的数据。我们借助空间杜宾模型对结果进行实证估计。我们的研究结果表明，化石燃料不仅损害母国的绿色经济增长，还呈现出负面的空间溢出效应，对周边经济体的可持续发展努力产生不利影响。相比之下，可再生能源不仅使母国受益，还具有积极的空间溢出效应，促进附近经济体的可持续发展。研究结果凸显了区域合作倡议的迫切需求以及环境政策的相互依存性。该研究的结论与《联合国气候变化框架公约》第二十八次缔约方大会（COP28）等国际协定以及可持续发展目标相一致，为政策制定者应对可持续增长挑战提供了重要指导。
