IDEAS home Printed from https://ideas.repec.org/a/kap/ecopln/v57y2024i2d10.1007_s10644-024-09601-4.html
   My bibliography  Save this article

RETRACTED ARTICLE: Toward a greener energy transition: examining the effects of circular economy and carbon footprint for sustainable development

Author

Listed:
  • Yongqin Niu

    (Anhui Business College)

Abstract

This study investigates the dynamic impacts of urbanization (UR), energy transition (REC), economic growth (ECOG), and energy transition (INT) on carbon footprint (CFP). Employing a robust panel dataset, we observed intricate relationships between these variables and CFP. Different quantiles showed different, nonlinear effects of UR on CFP, according to our quantile study. It is interesting to note that from the 50th quantile on, there was a negative influence, and from the 10th quantile on, there was a positive effect. A strong causal relationship between REC and carbon footprint (CFP) was shown using panel causality analysis. These results provide important light on the complex interactions between financial, environmental, and economic issues and how they affect carbon footprint. These discoveries may play a significant role in developing policies that support sustainable urbanization and increase economic resilience during recessions. The analysis outlines how the major stakeholders' policies would be affected.

Suggested Citation

  • Yongqin Niu, 2024. "RETRACTED ARTICLE: Toward a greener energy transition: examining the effects of circular economy and carbon footprint for sustainable development," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-22, April.
    • Handle: RePEc:kap:ecopln:v:57:y:2024:i:2:d:10.1007_s10644-024-09601-4
    DOI: 10.1007/s10644-024-09601-4
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10644-024-09601-4
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10644-024-09601-4?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Jingwen Zhang & Yin Dai & Chi-Wei Su & Dervis Kirikkaleli & Muhammad Umar, 2021. "Intertemporal change in the effect of economic growth on carbon emission in China," Energy & Environment, , vol. 32(7), pages 1207-1225, November.
    2. Cho, Jin Seo & Kim, Tae-hwan & Shin, Yongcheol, 2015. "Quantile cointegration in the autoregressive distributed-lag modeling framework," Journal of Econometrics, Elsevier, vol. 188(1), pages 281-300.
    3. Majeed, Abdul & Wang, Lijun & Zhang, Xiaohui & Muniba, & Kirikkaleli, Dervis, 2021. "Modeling the dynamic links among natural resources, economic globalization, disaggregated energy consumption, and environmental quality: Fresh evidence from GCC economies," Resources Policy, Elsevier, vol. 73(C).
    4. Jianda Wang & Xiucheng Dong & Kangyin Dong, 2021. "How renewable energy reduces CO2 emissions? Decoupling and decomposition analysis for 25 countries along the Belt and Road," Applied Economics, Taylor & Francis Journals, vol. 53(40), pages 4597-4613, August.
    5. Chen, Xia & Rahaman, Md Atikur & Murshed, Muntasir & Mahmood, Haider & Hossain, Md Afzal, 2023. "Causality analysis of the impacts of petroleum use, economic growth, and technological innovation on carbon emissions in Bangladesh," Energy, Elsevier, vol. 267(C).
    6. Stefan Dercon, 2014. "Is Green Growth Good for the Poor?," The World Bank Research Observer, World Bank, vol. 29(2), pages 163-185.
    7. Barbier, Edward B., 2016. "Is green growth relevant for poor economies?," Resource and Energy Economics, Elsevier, vol. 45(C), pages 178-191.
    8. Mohammad Razib Hossain, 2021. "Inward foreign direct investment in Bangladesh: Do we need to rethink about some of the macro-level quantitative determinants?," SN Business & Economics, Springer, vol. 1(3), pages 1-23, March.
    9. Markus Eberhardt, 2012. "Estimating panel time-series models with heterogeneous slopes," Stata Journal, StataCorp LLC, vol. 12(1), pages 61-71, March.
    10. Cristina I. Fernandes & Pedro Mota Veiga & João J.M. Ferreira & Mathew Hughes, 2021. "Green growth versus economic growth: Do sustainable technology transfer and innovations lead to an imperfect choice?," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 2021-2037, May.
    11. Axel Dreher, 2006. "Does globalization affect growth? Evidence from a new index of globalization," Applied Economics, Taylor & Francis Journals, vol. 38(10), pages 1091-1110.
    12. Chien, Fengsheng & Ananzeh, Mohammed & Mirza, Farhan & Bakar, Abou & Vu, Hieu Minh & Ngo, Thanh Quang, 2021. "The effects of green growth, environmental-related tax, and eco-innovation towards carbon neutrality target in the US economy," MPRA Paper 109664, University Library of Munich, Germany.
    13. Lin, Yuanxiong & Anser, Muhammad Khalid & Peng, Michael Yao-Ping & Irfan, Muhammad, 2023. "Assessment of renewable energy, financial growth and in accomplishing targets of China's cities carbon neutrality," Renewable Energy, Elsevier, vol. 205(C), pages 1082-1091.
    14. Llanquileo-Melgarejo, Paula & Molinos-Senante, María, 2022. "Assessing eco-productivity change in Chilean municipal solid waste services," Utilities Policy, Elsevier, vol. 78(C).
    15. Niaz Morshed & Mohammad Razib Hossain, 2022. "Causality analysis of the determinants of FDI in Bangladesh: fresh evidence from VAR, VECM and Granger causality approach," SN Business & Economics, Springer, vol. 2(7), pages 1-28, July.
    16. Su, Chang & Urban, Frauke, 2021. "Circular economy for clean energy transitions: A new opportunity under the COVID-19 pandemic," Applied Energy, Elsevier, vol. 289(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wang, Mengxia & Hossain, Mohammad Razib & Si Mohammed, Kamel & Cifuentes-Faura, Javier & Cai, Xiaotong, 2023. "Heterogenous Effects of Circular Economy, Green energy and Globalization on CO2 emissions: Policy based analysis for sustainable development," Renewable Energy, Elsevier, vol. 211(C), pages 789-801.
    2. Khan, Zeeshan & Hossain, Mohammad Razib & Badeeb, Ramez Abubakr & Zhang, Changyong, 2023. "Aggregate and disaggregate impact of natural resources on economic performance: Role of green growth and human capital," Resources Policy, Elsevier, vol. 80(C).
    3. Yanyan Jiang & Mohammad Razib Hossain & Zeeshan Khan & Junying Chen & Ramez Abubakr Badeeb, 2024. "Revisiting Research and Development Expenditures and Trade Adjusted Emissions: Green Innovation and Renewable Energy R&D Role for Developed Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 2156-2191, March.
    4. Busra Agan & Mehmet Balcilar, 2023. "Unraveling the Green Growth Matrix: Exploring the Impact of Green Technology, Climate Change Adaptation, and Macroeconomic Factors on Sustainable Development," Sustainability, MDPI, vol. 15(11), pages 1-20, May.
    5. Yan, Han, 2024. "How do mineral resources and financial expenditure influence sustainable environment? Exploring the role of social globalization and trade policy uncertainty in China," Resources Policy, Elsevier, vol. 90(C).
    6. Hossain, Mohammad Razib & Singh, Sanjeet & Sharma, Gagan Deep & Apostu, Simona-Andreea & Bansal, Pooja, 2023. "Overcoming the shock of energy depletion for energy policy? Tracing the missing link between energy depletion, renewable energy development and decarbonization in the USA," Energy Policy, Elsevier, vol. 174(C).
    7. Jing Zeng & Ali Punjwani, 2025. "Evaluating the Interactive and Transformative Role of Innovation, Education, Human Capital and Natural Resources Policies in Protecting and Sustaining Environmental Sustainability," Sustainability, MDPI, vol. 17(7), pages 1-33, April.
    8. Lei Wang & Sana Ullah & Muhammad Tayyab Sohail, 2024. "Exchange rate volatility and green growth in China: does nonlinearity matter?," Economic Change and Restructuring, Springer, vol. 57(6), pages 1-26, December.
    9. Guan, Zepeng & Hossain, Mohammad Razib & Sheikh, Muhammad Ramzan & Khan, Zeeshan & Gu, Xiao, 2023. "Unveiling the interconnectedness between energy-related GHGs and pro-environmental energy technology: Lessons from G-7 economies with MMQR approach," Energy, Elsevier, vol. 281(C).
    10. Muhammad Anas & Wei Zhang & Satar Bakhsh & Liaqat Ali & Cem Işık & Jie Han & Xuemeng Liu & Hamad Ur Rehman & Amjad Ali & Min Huang, 2024. "Moving towards sustainable environment development in emerging economies: The role of green finance, green tech‐innovation, natural resource depletion, and forested area in assessing the load capacity," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(4), pages 3004-3020, August.
    11. Xuemei Guan & Qian Wang & Hira Mansoor & Muhammad Nadeem, 2025. "The impact of natural resource rent, global value chain participation, and financial development on environmental footprints: A global analysis with fresh evidence," Natural Resources Forum, Blackwell Publishing, vol. 49(1), pages 748-775, February.
    12. Saqib, Najia & Shahzad, U., 2024. "Pathways to sustainability: Evaluating the impact of green energy, natural resources, FinTech, and environmental policies in resource-abundant countries," Resources Policy, Elsevier, vol. 97(C).
    13. Du, Yuqiu & Wang, Wendi, 2023. "The role of green financing, agriculture development, geopolitical risk, and natural resource on environmental pollution in China," Resources Policy, Elsevier, vol. 82(C).
    14. Mohammad Razib Hossain, 2024. "Killing billions to save millions? Analyzing the double jeopardy of fossil-fuel-led economic development in Bangladesh," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(8), pages 20679-20710, August.
    15. Sharif, Arshian & Iqbal Godil, Danish & Xu, Bingjie & Sinha, Avik & Abdul Rehman Khan, Syed & Jermsittiparsert, Kittisak, 2020. "Revisiting the Role of Tourism and Globalization in Environmental Degradation in China: Fresh Insights from the Quantile ARDL Approach," MPRA Paper 101156, University Library of Munich, Germany, revised 2020.
    16. Arshian Sharif & Usman Mehmood & Sunil Tiwari, 2024. "A step towards sustainable development: role of green energy and environmental innovation," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(4), pages 9603-9624, April.
    17. Md. Hasanur Rahman, 2023. "Does the current account balance influence foreign direct investment in the Indian economy? Application of quantile regression model," SN Business & Economics, Springer, vol. 3(5), pages 1-18, May.
    18. Khalid Ahmed, 2024. "Pooled mean group estimation of an energy-globalization-emissions nexus: Evidence from the selected South- and South-East Asian countries," Energy & Environment, , vol. 35(7), pages 3625-3646, November.
    19. Gangopadhyay, Partha & Das, Narasingha & Alam, G.M. Monirul & Khan, Uzma & Haseeb, Mohammad & Hossain, Md. Emran, 2023. "Revisiting the carbon pollution-inhibiting policies in the USA using the quantile ARDL methodology: What roles can clean energy and globalization play?," Renewable Energy, Elsevier, vol. 204(C), pages 710-721.
    20. Kwadwo Boateng Prempeh & Samuel Asuamah Yeboah & Felix Kwabena Danso & Joseph Magnus Frimpong, 2023. "Banking sector development and environmental degradation in the Economic Community of West African States: do technology effects matter?," Future Business Journal, Springer, vol. 9(1), pages 1-12, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:ecopln:v:57:y:2024:i:2:d:10.1007_s10644-024-09601-4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.