Affiliation:
1. University of Gour Banga, India
Abstract
This study assesses the influence of industrialization and energy consumption on the environmental sustainability for seven Asian emerging economies over the period 1990–2022 by using Panel ARDL estimation technique. Results show that industrialization adversely impacts environmental sustainability in the long run by discharging CO2, while energy consumption has a favourable environmental impact. In the short run, both factors have demonstrated overall as well as country specific adverse effects. Further, Dumitrescu Hurlin Panel causality results reported uni directional causal relationship moving from industrialization and energy consumption to carbon dioxide discharges. These results indicates that efforts of Asian emerging economies towards environmental sustainability are not sufficient. This study recommends policymakers consider different sustainability frameworks, increase awareness regarding adoption of environmental positive activities, and allocate more funding for environmental protection and technological innovation.