Financial Consideration of Energy and Environmental Nexus with Energy Poverty: Promoting Financial Development in G7 Economies

Author:

Huang Jialiang,Wang Xiaoxia,Liu Hongda,Iqbal Sajid

Abstract

Energy and environmental concepts have been extensively studied in the past. However, these studies often lacked integrated analysis of energy, monetary, public, and ecological aspects to assess energy and environmental issues. This article provides analyzation of the G7 nations’ qualitative, social, cultural, and health achievement in the energy poverty indexes. These include the energy economics and climate change of energy poverty, by using DEA like a composite indicator. The G7 countries’ combined energy consumption is equal to 34% of the world’s total, whereas the GDP is 50% of the global total. As a result, this article develops a comprehensive series of energy, financial, societal, and environmental indicators that are up to date. Such indicators are utilized to assess energy financial, societal, and EPI using a mathematical composite indicator. Canada has the greatest EPII score, indicating that it can deal better than the other G7 countries with energy independence, productivity expansion, and social impact, and France’s and Italy’s the second tier. While Japan has a 0.50 EPI grade and the United States will have the lowest, the G7 countries are growing faster. Finally, we propose a policy framework for enhancing the research area. The energy, societal, and EPI were created by combining these elements. In terms of energy independence, economic growth, and sustainability practices, Canada beats the other G7 countries according to the data. France and Italy are in the 2nd and 3rd places, respectively. Despite having a higher level of economic development than the G7 countries, Japan has a 0.50 Environmental Performance Index rating, whereas the United States has a minimum average Environmental Performance Index rating. Finally, in order to improve the study’s subject, we propose a policy framework.

Publisher

Frontiers Media SA

Subject

Economics and Econometrics,Energy Engineering and Power Technology,Fuel Technology,Renewable Energy, Sustainability and the Environment

Cited by 20 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3