The Nexus of Energy, Green Economy, Blue Economy, and Carbon Neutrality Targets
The aim of current study is to investigate the significance of green and blue economic activities to mitigate the carbon emission in Saudi Arabia. We use the time series data which covers the period from 1990 to 2019. For empirical estimations, we use nonlinear ARDL approach which confirms that ener...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2022-09-01
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| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/15/18/6767 |
| _version_ | 1827661355243536384 |
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| author | Suleman Sarwar Rida Waheed Ghazala Aziz Simona Andreea Apostu |
| author_facet | Suleman Sarwar Rida Waheed Ghazala Aziz Simona Andreea Apostu |
| author_sort | Suleman Sarwar |
| collection | DOAJ |
| description | The aim of current study is to investigate the significance of green and blue economic activities to mitigate the carbon emission in Saudi Arabia. We use the time series data which covers the period from 1990 to 2019. For empirical estimations, we use nonlinear ARDL approach which confirms that energy indicators and blue economic indicators are not mature enough to achieve carbon neutrality objectives. However, after Vision 2030 empirics, positive shocks in green indicators are turning down the carbon level. The findings of energy and blue indicators are useful for policy recommendations which help to achieve the sustainable environmental goals of Vision 2030. |
| first_indexed | 2024-03-10T00:07:16Z |
| format | Article |
| id | doaj.art-7b66d1471c6549ed9b5c00f9b58ceb83 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T00:07:16Z |
| publishDate | 2022-09-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-7b66d1471c6549ed9b5c00f9b58ceb832023-11-23T16:05:27ZengMDPI AGEnergies1996-10732022-09-011518676710.3390/en15186767The Nexus of Energy, Green Economy, Blue Economy, and Carbon Neutrality TargetsSuleman Sarwar0Rida Waheed1Ghazala Aziz2Simona Andreea Apostu3Finance and Economics Department, University of Jeddah, Jeddah 21959, Saudi ArabiaFinance and Economics Department, College of Business, University of Jeddah, Jeddah 23445, Saudi ArabiaDepartment of Business Administration, College of Administrative and Financial Sciences, Saudi Electronic University, Jeddah 23442, Saudi ArabiaDepartment of Statistics and Econometrics, Bucharest University of Economic Studies, 010552 Bucharest, RomaniaThe aim of current study is to investigate the significance of green and blue economic activities to mitigate the carbon emission in Saudi Arabia. We use the time series data which covers the period from 1990 to 2019. For empirical estimations, we use nonlinear ARDL approach which confirms that energy indicators and blue economic indicators are not mature enough to achieve carbon neutrality objectives. However, after Vision 2030 empirics, positive shocks in green indicators are turning down the carbon level. The findings of energy and blue indicators are useful for policy recommendations which help to achieve the sustainable environmental goals of Vision 2030.https://www.mdpi.com/1996-1073/15/18/6767energygreen indicatorsblue indicatorscarbon neutralitynonlinear ARDL |
| spellingShingle | Suleman Sarwar Rida Waheed Ghazala Aziz Simona Andreea Apostu The Nexus of Energy, Green Economy, Blue Economy, and Carbon Neutrality Targets Energies energy green indicators blue indicators carbon neutrality nonlinear ARDL |
| title | The Nexus of Energy, Green Economy, Blue Economy, and Carbon Neutrality Targets |
| title_full | The Nexus of Energy, Green Economy, Blue Economy, and Carbon Neutrality Targets |
| title_fullStr | The Nexus of Energy, Green Economy, Blue Economy, and Carbon Neutrality Targets |
| title_full_unstemmed | The Nexus of Energy, Green Economy, Blue Economy, and Carbon Neutrality Targets |
| title_short | The Nexus of Energy, Green Economy, Blue Economy, and Carbon Neutrality Targets |
| title_sort | nexus of energy green economy blue economy and carbon neutrality targets |
| topic | energy green indicators blue indicators carbon neutrality nonlinear ARDL |
| url | https://www.mdpi.com/1996-1073/15/18/6767 |
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