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Journal of Contemporary Macroeconomic Issues

  • Online ISSN 2709-0469
  • Print ISSN 2708-4973
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  • Open Access Article

    17 Pages Download PDF: Innovating for a Greener Future: Assessing the Impact of Renewable Energy, Resource Efficiency, and Technology on CO₂ Emission Reduction

    Innovating for a Greener Future: Assessing the Impact of Renewable Energy, Resource Efficiency, and Technology on CO₂ Emission Reduction

    Mahnaz Muhammad Ali, Rehana Kousar, Mahrukh Ruba, Samar Abbas, Qurat Ul Ain

    2025-12-30 https://doi.org/10.36923/jcmi.v6i2.675

    This paper explores how CO2 is emitted in 30 developing Asian economies. Such countries differ in terms of income levels, such as low, middle, and high income, and the years between 1990 and 2022 are included in the study. It employs a powerful econometric model in which both the System Generalized Method of Moments (GMM) is used to overcome dynamic endogeneity and Two-Stage Least Squares (2SLS) is used to overcome potential reverse causality. This integrated methodology serves well to investigate the impacts of renewable energy use, the availability of natural resources, and technological innovation on the level of emissions. These findings of the study demonstrate a complex dynamic. There is presently a positive relationship between technological innovation and the rise in emissions, which can be attributed to the fact that technology is used to streamline the industrialization process that uses fossil fuels on a large scale. On the contrary, renewable energy and natural resources also contribute to the decrease in CO2 emissions. One of the biggest revelations is that production-oriented industrialization, particularly after China's entry into the WTO in 2001, has contributed greatly to the growth in global emissions. Since, in most cases, the area lacks powerful and effective environmental laws, this study emphasizes the necessity of modifications in policy. Steps such as promoting green innovation technology and introducing a price on carbon are crucial to uncoupling economic growth and emissions and creating an efficient global climate policy.

    pp. 94-110 Abstract views:4158 Downloads:80
  • Open Access Article

    18 Pages Download PDF: Drivers of Carbon Emissions in South Asia: Analyzing Economic Growth, Urbanization, Tourism, Industrialization, and Renewable Energy

    Drivers of Carbon Emissions in South Asia: Analyzing Economic Growth, Urbanization, Tourism, Industrialization, and Renewable Energy

    Rehana Kousar, Muhammad Sharyar, Mahnaz Muhammad Ali, Rana Sharjeel Akhtar

    2025-06-22 https://doi.org/10.36923/jcmi.v6i1.617

    Rising CO₂ emissions pose a global challenge, including in South Asia. This study examines the determinants of CO₂ emissions—economic growth, urbanization, tourism, industrialization, renewable energy, agriculture, and forest area—using panel data (1990–2021) from South Asian countries. Dynamic Ordinary Least Squares (DOLS) and panel unit root tests reveal long-run relationships. Urbanization, tourism, and agricultural value-added significantly increase CO₂ emissions, while economic growth, renewable energy, and forest area negatively correlate with emissions. The findings suggest that energy-intensive urbanization, tourism, and agricultural expansion drive emissions, whereas renewable energy adoption and forest conservation mitigate them. Policymakers must prioritize sustainable urbanization, green tourism, and renewable energy transitions to curb emissions while fostering economic development.

    pp. 14-31 Abstract views:273 Downloads:146
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Journal of Contemporary Macroeconomic Issues · Online ISSN 2709-0469 · Print ISSN 2708-4973 · Published by ICR Publications · Contact editorial office

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