The study aims to compare CO2 emissions, renewable energy, trade openness, gross domestic product (GDP), financial development (FD), and remittance in selected G-20 countries. The study carried out fully modified ordinary least square (FMOLS) and dynamic ordinary least square (DOLS) models for estimation covering annual data from the year 1990–2019. LM tests detected the cross-section dependency while stationarity of the variables was checked through Levin-Lin-Chu and Im-Pesaran-Shin tests along with Hansen's Covariate-Augmented Dickey Fuller (CADF) test in the presence of cross-section dependency. The panel unit root tests reported that all variables became stationary after converting them into the first difference. The Panel Cointegration and Wester-Lund test examined the existence of long-run equilibrium nexus among selected variables in the context of G-20 countries. The study's findings show that there is a significant and negative relationship between renewable energy and CO2 emissions. It was proven in two models that the economic growth of selected G-20 countries has a positive relationship with CO2 emissions. Furthermore, findings indicate that the coefficient of financial development is positive and significantly impacts CO2 emissions. The remittances have a significant positive effect on CO2 emissions, while trade openness has an insignificant impact on CO2 emissions in both models. This research will enlighten policymakers, researchers, governments, and environmentalists toward attaining a sustainable environment by wisely consuming remittances and renewable energy resources.
This study focuses on the energy efficiency in the past COVID-19 era and targeted the young population of Pakistan who are facing the critical situation of COVID-19 era and much aware that this situation will badly affect the energy situation when COVID-19 will end and they also aware that energy efficient appliances will be the most valuable products after the COVID-19 era. Data was collected from five major cities of Pakistan and analyzed by applying structure equation modelling through smart-PLS 3.3. Results show that knowledge of eco-labels has significant impact on perceived functional values, green trust and purchase intention of energy efficient home appliances. Results further indicate that consumers social responsibility has significant impact on personal norms and purchase intention of energy efficient home appliances. Moreover, functional value and green trust mediates the relationship of knowledge of eco-labels and purchase intention of energy efficient home appliances. Furthermore, attitude towards energy efficient appliances mediates the relationship between consumers social responsibility and purchase intention but surprisingly no mediating affect of attitude between consumer social responsibility and purchase intention of energy efficient home appliances. This study presents an antecedent model for predicting energy-efficient home appliances based on consumer awareness. This study will help companies for technology innovation and improvements in the efficiency of household appliances are among the key functional values that companies should emphasize, in order to attract consumers to value the surprising energy-saving effects of appliances.
16 July 2023 in Environment, Development and Sustainability
Pakistan considered as the leading agricultural country till late 1960s. The industrialization of major industries from 1970s to onward push country towards the major climate changes. Pakistan made significant progress especially in the textile industry. However, this progress results in bad impact on the climate because of poor implementation of climatic laws. The world carbon emission data of 2018 revealed that Pakistan contributed 195.71 M-Ton that was 24.43 M-ton in year 1969. Although, the global carbon emission has also shoot up from 19.87 G-Ton to 44 G-Ton. But the Pakistan’s carbon emission contribution to world has risen up four times in these years. Pakistan has a lesson to learn from China. Carbon emission was big problem in till early 2000s as approximately 70% of electric industry was coal based. Closing down industry in order to clean environment is never a good solution. Since, this will close the door to progress for country. However, proper implementation of climate laws and efficient use of the energy can slow down carbon emission. In this work an efficient model to manage energy resources has been given. The key-points to taken care are commitment with work, awareness of situation, proper energy auditing and knowledge. This eventually led towards low carbon emission.
Fire fighting started in Pakistan electrical generation industry in Mid 2000s. There was a huge difference between supply and demand of Pakistan electrical power generation at that time. Government lacking resources to meet consumer’s electrical energy demands open room for independent power producers (IPPs). Thirty one out of thirty six IPPs operating in the country till date are generating electricity using thermal power technologies. These power plants generate a lot of environmental pollution. This led toward serious cooperate social responsibility (CSR) issues. The connection between CSR and the value of a business has inquired upon, but a formidable difference between researches is still present if we take into account the mutual relation between innovation and CSR. This article inquires its association with collective innovation and stable production in one collective model by using the study of retrogression on compiled data that has arranged from different companies in Pakistan that produce electricity and energy. As a consequence،, we found a somewhat mediatory link between the product of creativity and the mutual relation between CSR and firm executions. The results show the importance of CSR as an essential governing mechanism for firms to be more creative, cost-effective and user-friendly.