The research, co-authored by a researcher from Near East University, addresses India’s commitment to balancing economic expansion with environmental sustainability, a crucial component of the Sustainable Development Goals (SDGs). Focusing on the impact of major energy sources—biomass and coal energy—alongside economic globalization on India’s ecological footprint, the study spans from 1970 to 2018, utilizing the dynamic AutoRegressive Distributed Lag (ARDL) model.
Despite India’s emphasis on environmental sustainability, the study reveals an 82% surge in the country’s ecological footprint over the last five decades. The investigation aims to uncover the roles of biomass and coal energy sources, economic globalization, and economic growth in shaping India’s ecological sustainability.
The dynamic ARDL analysis indicates that biomass energy and economic globalization positively contribute to ecological quality in India. However, the study underscores a concerning trend, revealing that economic growth and coal energy sources impede ecological quality. This nuanced understanding of the impact of various factors on ecological sustainability provides policymakers and stakeholders with insights into the complexities of India’s environmental landscape.
Furthermore, the time-varying causality test employed in the study sheds light on the predictive nature of economic globalization, biomass energy, economic growth, and coal energy in shaping the future trajectory of India’s ecological footprint. This analytical approach adds depth to the understanding of causal relationships, helping to inform strategic decisions for sustainable development.
The findings emphasize the need for a comprehensive approach to address ecological concerns in India, considering the intricate interplay between economic factors and environmental sustainability. As India grapples with the challenge of balancing economic growth and environmental protection, the study recommends a reassessment of energy sources and a strategic alignment with sustainable practices.
In conclusion, the research, with contributions from Near East University, provides valuable insights into India’s environmental dynamics. It not only identifies key factors influencing ecological sustainability but also offers a nuanced understanding of their interdependencies. This research serves as a foundation for evidence-based policymaking, encouraging a holistic approach towards achieving India’s environmental and developmental goals.
More Information:
https://link.springer.com/article/10.1007/s11356-023-30243-y
