Does resource efficiency matter for environmental quality in Canada?

Frontiers in Environmental Science

Environmental Science

Zahoor Ahmed¹  Rahmi Deniz Özbay²  Sema Yilmaz Genc³  Dervis Kirikkaleli⁴  Rui Alexandre Castanho⁵ 

[1] Adnan Kassar School of Business, Lebanese American University, Beirut, Lebanon;Department of Business Administration, Faculty of Economics, Administrative and Social Sciences, Bahçeşehir Cyprus University, Nicosia, Türkiye;Department of Economics, Faculty of Business, İstanbul Commerce University, Istanbul, Türkiye;Department of Economics, Faculty of Economics and Administration Sciences, Yildiz Technical University, Istanbul, Türkiye;European University of Lefke, Mersin, Türkiye;Adnan Kassar School of Business, Lebanese American University, Beirut, Lebanon;Faculty of Applied Sciences, WSB University, Dąbrowa Górnicza, Poland;College of Business and Economics, University of Johannesburg, Johannesburg, South Africa;

关键词: resource efficiency;    environmental quality;    Canada;    nonlinear ARDL;    economic growth;   

DOI  :  10.3389/fenvs.2023.1276632

 received in 2023-08-12, accepted in 2023-09-05,  发布年份 2023

来源: Frontiers

【 摘 要 】

In order to combat climate change, the OECD emphasized the need to minimize the environmental impact of material use, as well as promote resource efficiency and accelerate the creation of a circular economy. The present study objects to promote a new debate about Canadian environmental quality and resource efficiency. In other words, this paper aims to capture the effect of resource efficiency on environmental quality in Canada while controlling financial development, economic growth, and energy. Nonlinear ARDL bounds test results indicate the significant long-run linkage between environmental quality, resource efficiency, financial development, economic growth, and energy in Canada. Moreover, the asymmetric results underline that 1) resource efficiency mitigates environmental degradation; 2) economic growth and energy uses in Canada significantly increase consumption-based CO2 emissions; 3) financial development positively contributes to environmental stability. Therefore, policymakers in Canada make sure that circular economies and resource efficiency can help reach net zero and combat climate change.

【 授权许可】

Unknown   
Copyright © 2023 Kirikkaleli, Castanho, Deniz Özbay, Yilmaz Genc and Ahmed.