Though the literature on inclusive growth is rich, further well-founded studies are required on the issue of sustainable inclusive growth. This paper seeks to summarize the role of environmental degradation in inclusive growth based on carbon dioxide emissions, and its interaction with factors such as social inclusion, digital inclusion, and institutions. One of the findings derived from the generalized method of moments (GMM) model is that sustainable inclusive growth can be achieved in all three income groups from the global data while focusing on institutional quality, digital inclusion, and social inclusion. Simultaneously, the harmful effects of carbon dioxide emissions can be circumscribed. The major recommendations of this study are that efforts to achieve sustainable inclusive growth should combine mutually reinforcing policies, namely: (i) promoting environmentally focused sustainable inclusive growth with socio-digital inclusivity; (ii) ensuring a strong institutional playing field for achieving inclusive growth; and (iii) strengthening macroeconomic policies, which means controlling inflation, and enhancing trade openness and literacy levels.

This paper attempts to detect the unavoidable impacts of COVID-19 on geopolitical and financial events related to Islamic banking and the finance sector in Pakistan. It considers only those major events that triggered imbalances in the equity prices of selected Islamic banks. Employed here is the GARCH model, used to predict the volatility series using daily data from January 2007 to July 2020. The Impulse Indicator Saturation (IIS) helps to identify the structural breaks due to COVID-19, as well as the effects of political and financial events on the returns and volatility series of Islamic banks. The results indicate that all the events due to COVID-19 are significant. While 19 out of 21 political and financial events impacted the returns and volatility series, there were only 2 political events out of 18 that showed no significant effect on the returns and the volatility series. The state’s and Islamic banks’ policymakers can use these results to build an effective and sustainable financial policy regarding Islamic finance and the banking sector.

The intricate interplay between the environment and the economy entails numerous multifaceted factors that require thorough investigation. Civic activism, intergroup cohesion, and gender equality are among the pertinent factors that hold the potential to significantly impact CO₂ emissions in developing economies. However, these variables have not been explored to the extent that their importance warrants, leaving much to be studied and understood about their complex relationships with carbon emissions. Currently, developing nations find themselves more vulnerable and exposed to a plethora of environmental issues. In response to this pressing matter, the focus of this study is to expound upon the impact of various factors on the environment. To achieve this aim, this study utilizes annual data from 46 developing countries, spanning the extensive period from 1990 to 2014. Using the generalized method of moments and empirical Bayes methods, this study’s results emphasize the significant impact that civic activism, gender equality, intergroup cohesion, and financial development can have on increasing CO₂ emissions. However, civic activism reduces CO₂ emissions. These findings highlight the crucial importance of adopting a comprehensive approach that accounts for both economic and social cohesion indicators when tackling environmental challenges.