Analyzing the contribution of renewable energy and natural resources for sustainability in G-20 countries: How gross capital formation impacts ecological footprints.

Sustainability ensures well-being for people and communities worldwide and helps shape the world's present and future. A global transformation is required by adopting renewable energy sources to achieve sustainability. Sustainability trends have been examined using this study for the period 1992-2018 for G20 countries. The study uses indicators like ecological footprints, natural resources, renewable energy (RE), and non-renewable energy (NRE), along with gross domestic product (GDP) and capital formation. A cross-sectional-ARDL approach has been used to examine short- and long-term relationships. The presence of stationarity property, cross-sectional dependence, panel cointegration, and slope heterogeneity have been confirmed during initial testing. The empirical result confirms that using renewable energy impacts environmental sustainability in the long run and causes a decrease in ecological footprints. On the contrary, non-renewable energy and natural resources contribute to the negative shift in sustainable development. The consistency of results has also been confirmed using robustness checks under the AMG and FMOLS approaches. The study concludes that G20 countries should promote renewable energy to empower the United Nations' agenda for sustainable development.

Evaluating the impact of digitalization, renewable energy use, and technological innovation on load capacity factor in G8 nations.

Ecosystems are in danger due to human-caused air, water, and soil pollution, so it is important to find the underlying causes of this issue and develop practical solutions. This study adds to environmental research gap by suggesting the load capability factor (LCF) and using it to look at the factors affectting environmental health. The load capacity factor simplifies monitoring environmental health by illustrating the distinction between ecological footprint and biocapacity. We examine the interplay between mobile phone users (Digitalization DIG), technological advancements (TEC), renewable energy use, economic growth, and financial development. This study assesses G8 economies' data from 1990 to 2018, using a Cross-Section Improved Autoregressive Distributed Lag CS-ARDL estimator and a cointegration test. The data shows that green energy, TEC innovation, and DIG are all beneficial for natural health. Based on the results of this study, the G8 governments should focus on environmental policies that promote economic growth, increase the use of renewable energy sources, guide technological progress in key areas, and encourage the development of digital information and communications technologies that are better for the environment.