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The Nexus of Energy, Green Economy, Blue Economy, and Carbon Neutrality Targets

Author

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  • Suleman Sarwar

    (Finance and Economics Department, University of Jeddah, Jeddah 21959, Saudi Arabia)

  • Rida Waheed

    (Finance and Economics Department, College of Business, University of Jeddah, Jeddah 23445, Saudi Arabia)

  • Ghazala Aziz

    (Department of Business Administration, College of Administrative and Financial Sciences, Saudi Electronic University, Jeddah 23442, Saudi Arabia)

  • Simona Andreea Apostu

    (Department of Statistics and Econometrics, Bucharest University of Economic Studies, 010552 Bucharest, Romania
    Institute of National Economy, 050771 Bucharest, Romania)

Abstract

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.

Suggested Citation

  • Suleman Sarwar & Rida Waheed & Ghazala Aziz & Simona Andreea Apostu, 2022. "The Nexus of Energy, Green Economy, Blue Economy, and Carbon Neutrality Targets," Energies, MDPI, vol. 15(18), pages 1-19, September.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:18:p:6767-:d:916246
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    1. Chen, Yongfei & Wei, Yu & Bai, Lan & Zhang, Jiahao, 2023. "Can Green Economy stocks hedge natural gas market risk? Evidence during Russia-Ukraine conflict and other crisis periods," Finance Research Letters, Elsevier, vol. 53(C).
    2. Ghazala Aziz, 2023. "Impact of Green Innovation, Sustainable Economic Growth, and Carbon Emission on Public Health: New Evidence of Non-Linear ARDL Estimation," Sustainability, MDPI, vol. 15(4), pages 1-20, February.
    3. Diana Joița & Mirela Panait & Carmen-Elena Dobrotă & Alin Diniță & Adrian Neacșa & Laura Elly Naghi, 2023. "The European Dilemma—Energy Security or Green Transition," Energies, MDPI, vol. 16(9), pages 1-16, April.
    4. Okwanya, Innocent & Abah, Patricia O. & Amaka, Eje-Ojeka G. & Ozturk, Ilhan & Alhassan, Abdulkareem & Bekun, Festus Victor, 2023. "Does carbon emission react to oil price shocks? Implications for sustainable growth in Africa," Resources Policy, Elsevier, vol. 82(C).

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