Asymmetric effects of high-tech industry and presence of pollution-haven hypothesis in APEC countries: fresh evidence with panel quantile regression
Climate change is destructive to both economic activity and life subsistence. The rising CO2 emission is continuously degrading the environment and altering the characteristics of multiple hazards that can adversely affect human life. Transition to energy sources and industrial processes can maximiz...
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| Veröffentlicht in: | Clean technologies and environmental policy 2024-08, Vol.26 (8), p.2643-2660 |
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| creator | Khan, Qasim Raza Anwar, Ahsan Muhammad, Tufail Ghafoori, Noorulhaq Ahmad, Mushtaq |
| description | Climate change is destructive to both economic activity and life subsistence. The rising CO2 emission is continuously degrading the environment and altering the characteristics of multiple hazards that can adversely affect human life. Transition to energy sources and industrial processes can maximize the benefits of low transitioning carbon emission technologies while promoting equality and inclusivity. In this pursuit, the response of CO2 emission is provoked by renewable energy consumption, FDI, natural resource, interaction term of FDI and NR, medium–high-tech industry, and economic growth on APEC countries for the period 1996–2020. To draw clear and conclusive information about outcome variables at different quantiles, study applied panel quantiles regression with an optimization method, such as Markov chain Monte Carlo. Natural resource consumption, high-tech industry, and economic growth have a positive, heterogeneous, and significant effect on environmental degradation in all quantiles. It is worth noting that HT deteriorates the environment in APEC countries, generally technological progress increases energy efficiency and reduces emissions. But it confirms the existence of a cost effect, which increases the use of conventional low-cost products over high-tech products. FDI has a positive and significant effect in all quantiles except the first quantile and confirms the presence of PHH. The interaction term (FDI*NRR) and REC effects are negative and significant in all quantiles. The negative effects of interaction term revealed that domestic industry is the cause of over-consumption and emission of NR. The use of clean and green energy consumption is crucial for sustainable development. Policymakers need to design mechanism that promotes steward policies for domestic industry to discourage the use of NR, enhance local–international partnerships in low emission and energy-efficient technologies, and promote the use of renewable energy. These policies will help to achieve certain SDG’s goals such as (SDG-7: clean energy sources), (SDG-8: sustainable development goal); and (SDG-9: climate action).
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| doi_str_mv | 10.1007/s10098-023-02703-z |
| format | Article |
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Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><cites>FETCH-LOGICAL-c270t-ecfb92814ff2d536bd3aca17a6db90c8b83bc33d971a0d025e866a3789db372f3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://link.springer.com/content/pdf/10.1007/s10098-023-02703-z$$EPDF$$P50$$Gspringer$$H</linktopdf><linktohtml>$$Uhttps://link.springer.com/10.1007/s10098-023-02703-z$$EHTML$$P50$$Gspringer$$H</linktohtml><link.rule.ids>315,781,785,27870,27928,27929,41492,42561,51323</link.rule.ids></links><search><creatorcontrib>Khan, Qasim Raza</creatorcontrib><creatorcontrib>Anwar, Ahsan</creatorcontrib><creatorcontrib>Muhammad, Tufail</creatorcontrib><creatorcontrib>Ghafoori, Noorulhaq</creatorcontrib><creatorcontrib>Ahmad, Mushtaq</creatorcontrib><title>Asymmetric effects of high-tech industry and presence of pollution-haven hypothesis in APEC countries: fresh evidence with panel quantile regression</title><title>Clean technologies and environmental policy</title><addtitle>Clean Techn Environ Policy</addtitle><description>Climate change is destructive to both economic activity and life subsistence. The rising CO2 emission is continuously degrading the environment and altering the characteristics of multiple hazards that can adversely affect human life. Transition to energy sources and industrial processes can maximize the benefits of low transitioning carbon emission technologies while promoting equality and inclusivity. In this pursuit, the response of CO2 emission is provoked by renewable energy consumption, FDI, natural resource, interaction term of FDI and NR, medium–high-tech industry, and economic growth on APEC countries for the period 1996–2020. To draw clear and conclusive information about outcome variables at different quantiles, study applied panel quantiles regression with an optimization method, such as Markov chain Monte Carlo. Natural resource consumption, high-tech industry, and economic growth have a positive, heterogeneous, and significant effect on environmental degradation in all quantiles. It is worth noting that HT deteriorates the environment in APEC countries, generally technological progress increases energy efficiency and reduces emissions. But it confirms the existence of a cost effect, which increases the use of conventional low-cost products over high-tech products. FDI has a positive and significant effect in all quantiles except the first quantile and confirms the presence of PHH. The interaction term (FDI*NRR) and REC effects are negative and significant in all quantiles. The negative effects of interaction term revealed that domestic industry is the cause of over-consumption and emission of NR. The use of clean and green energy consumption is crucial for sustainable development. Policymakers need to design mechanism that promotes steward policies for domestic industry to discourage the use of NR, enhance local–international partnerships in low emission and energy-efficient technologies, and promote the use of renewable energy. These policies will help to achieve certain SDG’s goals such as (SDG-7: clean energy sources), (SDG-8: sustainable development goal); and (SDG-9: climate action).
Graphical abstract</description><subject>Alternative energy sources</subject><subject>Carbon dioxide</subject><subject>Carbon dioxide emissions</subject><subject>Carbon sources</subject><subject>Clean energy</subject><subject>Clean technology</subject><subject>Climate action</subject><subject>Climate change</subject><subject>Earth and Environmental Science</subject><subject>Economic activity</subject><subject>Economic development</subject><subject>Economic growth</subject><subject>Economics</subject><subject>Emissions</subject><subject>Emissions control</subject><subject>Energy consumption</subject><subject>Energy development</subject><subject>Energy efficiency</subject><subject>Energy policy</subject><subject>Energy resources</subject><subject>Energy sources</subject><subject>Environment</subject><subject>Environmental degradation</subject><subject>Environmental Economics</subject><subject>Environmental effects</subject><subject>Environmental Engineering/Biotechnology</subject><subject>Foreign investment</subject><subject>Green energy</subject><subject>Industrial and Production Engineering</subject><subject>Industrial Chemistry/Chemical Engineering</subject><subject>Industrial development</subject><subject>Markov analysis</subject><subject>Markov chains</subject><subject>Natural resources</subject><subject>Original Paper</subject><subject>Policy making</subject><subject>Pollution</subject><subject>Quantiles</subject><subject>Renewable energy</subject><subject>Renewable resources</subject><subject>Resource consumption</subject><subject>Sustainable Development</subject><subject>Technological progress</subject><issn>1618-954X</issn><issn>1618-9558</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2024</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><recordid>eNp9kE9PwyAYhxujiTr9Ap5IPFcprKX1tizzT7JED5p4IxReVpaOVqAz2-fwA8s2ozcPvLyH5_kRfklyleGbDGN26-OsyhQTGg_DNN0eJWdZkZVplefl8e8-fj9Nzr1fYkwII_gs-Zr4zWoFwRmJQGuQwaNOo8YsmjSAbJCxavDBbZCwCvUOPFgJO6Tv2nYIprNpI9ZgUbPpu9CANz46aPIymyLZDTYmg79DOpoNgrVRe__ThAb1wkKLPgZhg2kBOVhEyMfEi-REi9bD5c89St7uZ6_Tx3T-_PA0ncxTGf8YUpC6rkiZjbUmKqdFraiQImOiUHWFZVmXtJaUqoplAitMciiLQlBWVqqmjGg6Sq4Pub3rPgbwgS-7wdn4JKe4ogWrckYiRQ6UdJ33DjTvnVkJt-EZ5rv2-aF9Htvn-_b5Nkr0IPkI2wW4v-h_rG9bc4xh</recordid><startdate>20240801</startdate><enddate>20240801</enddate><creator>Khan, Qasim Raza</creator><creator>Anwar, Ahsan</creator><creator>Muhammad, Tufail</creator><creator>Ghafoori, Noorulhaq</creator><creator>Ahmad, Mushtaq</creator><general>Springer Berlin Heidelberg</general><general>Springer Nature B.V</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7ST</scope><scope>7TA</scope><scope>7TQ</scope><scope>8FD</scope><scope>C1K</scope><scope>DHY</scope><scope>DON</scope><scope>FR3</scope><scope>JG9</scope><scope>KR7</scope><scope>SOI</scope></search><sort><creationdate>20240801</creationdate><title>Asymmetric effects of high-tech industry and presence of pollution-haven hypothesis in APEC countries: fresh evidence with panel quantile regression</title><author>Khan, Qasim Raza ; 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It is worth noting that HT deteriorates the environment in APEC countries, generally technological progress increases energy efficiency and reduces emissions. But it confirms the existence of a cost effect, which increases the use of conventional low-cost products over high-tech products. FDI has a positive and significant effect in all quantiles except the first quantile and confirms the presence of PHH. The interaction term (FDI*NRR) and REC effects are negative and significant in all quantiles. The negative effects of interaction term revealed that domestic industry is the cause of over-consumption and emission of NR. The use of clean and green energy consumption is crucial for sustainable development. Policymakers need to design mechanism that promotes steward policies for domestic industry to discourage the use of NR, enhance local–international partnerships in low emission and energy-efficient technologies, and promote the use of renewable energy. These policies will help to achieve certain SDG’s goals such as (SDG-7: clean energy sources), (SDG-8: sustainable development goal); and (SDG-9: climate action).
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| subjects | Alternative energy sources Carbon dioxide Carbon dioxide emissions Carbon sources Clean energy Clean technology Climate action Climate change Earth and Environmental Science Economic activity Economic development Economic growth Economics Emissions Emissions control Energy consumption Energy development Energy efficiency Energy policy Energy resources Energy sources Environment Environmental degradation Environmental Economics Environmental effects Environmental Engineering/Biotechnology Foreign investment Green energy Industrial and Production Engineering Industrial Chemistry/Chemical Engineering Industrial development Markov analysis Markov chains Natural resources Original Paper Policy making Pollution Quantiles Renewable energy Renewable resources Resource consumption Sustainable Development Technological progress |
| title | Asymmetric effects of high-tech industry and presence of pollution-haven hypothesis in APEC countries: fresh evidence with panel quantile regression |
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