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Exploring the Relationship between Natural Resources, Energy Consumption and Economic Growth

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Resources and Sustainable Utilization".

Deadline for manuscript submissions: closed (15 November 2021) | Viewed by 3658

Special Issue Editors

1. Taylor’s Business School, Taylor’s University Lakeside Campus, 1 Jalan Taylors, Subang Jaya 47500, Malaysia
2. University of Economics and Human Sciences in Warsaw, Okopowa 59, 01-043 Warsaw, Poland
Interests: islamic finance; corporate finance; financial economics
Special Issues, Collections and Topics in MDPI journals
Department of Management and Production Engineering, Czestochowa University of Technology, 42200 Częstochowa, Poland
Interests: sustainable development; industrial economics; quality management; operations management; environmental impact assessment
Faculty of Business & Law, Taylor's University, Selangor 47500, Malaysia
Interests: environmental economics; energy economics; environmental development and sustainability
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

Prior research has shown that traditional energy consumption, such as coal, natural gas, oil, etc., has led to economic growth. However, the excessive utilization of these traditional non-renewable resources emits a high quantity of CO2, leading to the greenhouse effect. It is estimated that over one-third of global greenhouse gas emissions are generated by traditional energy sources. Therefore, a nation must have renewable energy sources, such as hydro, wind, solar, wave, tidal, etc., and these alternatives must have sustainable and non-polluting economic growth. Sustainable energy and natural resource consumption have become the main global objective for sustainable economic growth. Thus, owing to increasing energy consumption and CO2 emissions, economists have shifted their attention towards the use of renewable energy rather than traditional energy consumption.

Recently, multiple studies in the energy literature have explored the relationship between natural resources, energy consumption and economic growth. However, studies on the consumption of renewable energy and economic growth are still limited. The growing sources of renewable energy have significantly attracted energy policy analysts and academics.

Contributions to this Special Issue are expected to bring new knowledge and insights into this field, which will be of interest to a wide range of stakeholders, including governments, environmental economists, and other policy makers.

Dr. Hafezali Iqbal Hussain
Guest Editor

Dr. Janusz Grabara
Dr. Muhammad Haseeb
Co-Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • natural resources
  • energy consumption
  • economic growth

Published Papers (1 paper)

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Research

16 pages, 658 KiB  
Article
Exploring the Road toward Environmental Sustainability: Natural Resources, Renewable Energy Consumption, Economic Growth, and Greenhouse Gas Emissions
by Yugang He, Xiang Li, Panpan Huang and Jingnan Wang
Sustainability 2022, 14(3), 1579; https://0-doi-org.brum.beds.ac.uk/10.3390/su14031579 - 29 Jan 2022
Cited by 62 | Viewed by 3108
Abstract
Despite the fact that China’s economy has grown swiftly since the reform and opening up, the problem of environmental degradation in China has become increasingly significant. Therefore, this paper uses China as an example to examine the dynamic relationship between the highlighted variables [...] Read more.
Despite the fact that China’s economy has grown swiftly since the reform and opening up, the problem of environmental degradation in China has become increasingly significant. Therefore, this paper uses China as an example to examine the dynamic relationship between the highlighted variables (renewable energy consumption, economic growth, oil rent, and natural resources) and greenhouse gas emissions (a proxy for environmental sustainability). Using annual data over the period 1971–2018 and employing the auto-regressive distributed lag bounds approach to perform an empirical analysis, the results suggest that there is a long-run equilibrium relationship between the highlighted variables and greenhouse gas emissions. Specifically, renewable energy consumption and oil rent contribute to environmental sustainability because of their negative effects on greenhouse gas emissions. On the contrary, economic growth and natural resources hinder environmental sustainability due to their positive effects on greenhouse gas emissions. In addition, using the fully modified ordinary least squares approach and dynamic ordinary least squares approach to conduct a robustness test, the results also support the previous findings. To conclude, the findings of this paper may provide some solutions for China’s environmental sustainability. Full article
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