Role of financial development, foreign direct investment inflow, innovation in environmental degradation in Pakistan with dynamic ARDL simulation model.

The purpose of this research is to determine the impact of innovation, economic growth, financial development, trade, foreign direct investment (FDI), electricity consumption, and urbanization on the environmental degradations in Pakistan. This study has employed the dynamic autoregressive distributed lag model (ARDL), to investigate the actual change in the independent variables and its impact on the dependent variable through graphs. The findings demonstrate that energy consumption, GDP growth, urbanization, and trade negatively influence the carbon emissions in the short term. On the other hand, the findings indicate that in the long term, only GDP growth and trade had a significantly negative impact on emissions. Urbanization has a positive and considerable impact on the emissions of carbon dioxide in the long run. On the other hand, financial development and foreign direct investment (FDI) help reduce the environmental degradation in the short term and long term. Moreover, innovation positively affects the carbon emissions in both the long and short run. Policy recommendations are given based on the findings of this study.

Role of financial development, environmental-related technologies, research and development, energy intensity, natural resource depletion, and temperature in sustainable environment in Canada.

Environmental sustainability concerns are increasing worldwide; both developing and developed countries face environmental degradation. Literature has highlighted the environment-growth nexus; however, the impact of environmental-related technologies on the environment is ignored in early studies. This study aims to explore the implications of financial development, environmental-related technologies, research and development, energy intensity, renewable energy production, natural resource depletion, and temperature in a sustainable environment in Canada by using a time series model, i.e., dynamic ARDL simulations (Jordan and Philips 2018) with data from 1989 to 2020. The examined findings of the dynamic ARDL simulations indicate that environmental-related technologies in Canada help to reduce environmental degradation both in the short run and in the long run. At the same time, financial development, energy intensity, renewable energy production, research and development, natural resource depletion, and temperature causes boost the environmental degradation in Canada. To achieve sustainable environment, Canada needs to improve innovations in the environmental-related technologies for achieving sustainable growth and environment.