Abstract
In the current situation, it is crucial to look into the effects of increased international or global trade, financial development, foreign direct investment (FDI), energy consumption, and institutional advancement on the environment. This study focuses on how the aforementioned variables have caused environmental degradation in China. To achieve Goal 13 of the Sustainable Development Goals (SDGs), to promote climate action and safeguard life as part of sustainable development, this involves the analysis of time-series type of data sets from 1975 to 2021 and the use of the dynamic version of ARDL (Autoregressive Distributed Lag) cointegration or simulation model. The results show that foreign direct investments play a critical role in reducing carbon dioxide (CO2) emissions over the long term, but financial development, the volume of international trade, and the level of energy use or consumption contribute to an increase in environmental deterioration. Moreover, China’s environmental degradation is decreased by high institutional quality. To accomplish the SDGs and reduce environmental degradation, it is essential to take into account how these elements interact and to adopt a holistic strategy that includes regulations, policies, and education. On the basis of our trustworthy findings, suggestions are made to keep the sustainable development.
Presenters
Vishal DagarAssistant Professor of Economics, Department of Economics and Public Policy, Great Lakes Institute of Management Gurgaon, Haryana, India
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
KEYWORDS
Foreign Direct Investment, Energy Use, Institutional Strength, Financial Development, Global
