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ORIGINAL RESEARCH article

Front. Environ. Sci.
Sec. Environmental Economics and Management
Volume 12 - 2024 | doi: 10.3389/fenvs.2024.1524350
This article is part of the Research Topic Advancing Carbon Reduction and Pollution Control Policies Management: Theoretical, Application, and Future Impacts View all 19 articles

Natural Resources Heterogeneity and Environmental Sustainability in G20 Nations: Post-COP28 Analysis

Provisionally accepted
Ridwan Lanre Ibrahim Ridwan Lanre Ibrahim 1*Abdulrahman Alomair Abdulrahman Alomair 2*Abdulaziz Al Naim Abdulaziz Al Naim 2
  • 1 University of Lagos, Lagos, Nigeria
  • 2 King Faisal University, Al-Ahsa, Eastern Province, Saudi Arabia

The final, formatted version of the article will be published soon.

    This study presents the maiden empirical evidence disintegrating the impacts of natural resources on environmental sustainability into production and consumption models. For easy trackability of the empirical evidence, environmental sustainability is captured by carbon emissions and ecological footprint in selected G20 economies with ta running from 1995 to 2019. To elaborate the study's contributions, green policies comprising green energy, green technology, and green finance together with environmental tax, financial development, economic growth, and population are considered as covariates in STIRPAT embedded theoretical framework. The empirical verification anchors on second-generation estimators entailing cross-sectional autoregressive distributed lag (CS-ARDL), common correlated effects mean group (CCEMG), autoregressive mean group (AMG), and method of moment quantile regression (MMQR). The fallouts from the analyses reveal that the production and consumption of natural resources based on coal and oil hinder environmental sustainability, although the former has greater effects than the latter.Interestingly, natural gas provides diverging direct and indirect impacts on both pollutants. More so, green policies and environmental taxes support promoting environmental sustainability.Additionally, two channels of causalities, including unidirectional and bidirectional nexuses, are apparent from the estimated model. The study highlights the importance of eliminating fossil fuel subsidies and making substantial investments in green policies as key recommendations for policy action.

    Keywords: Natural resources, green policies, Environmental tax, Financial Development, Environmental sustainability

    Received: 07 Nov 2024; Accepted: 30 Dec 2024.

    Copyright: © 2024 Ibrahim, Alomair and Al Naim. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

    * Correspondence:
    Ridwan Lanre Ibrahim, University of Lagos, Lagos, Nigeria
    Abdulrahman Alomair, King Faisal University, Al-Ahsa, 31982, Eastern Province, Saudi Arabia

    Disclaimer: All claims expressed in this article are solely those of the authors and do not necessarily represent those of their affiliated organizations, or those of the publisher, the editors and the reviewers. Any product that may be evaluated in this article or claim that may be made by its manufacturer is not guaranteed or endorsed by the publisher.