IDEAS home Printed from https://ideas.repec.org/a/kap/ecopln/v57y2024i2d10.1007_s10644-024-09621-0.html
   My bibliography  Save this article

Advancing toward a sustainable future: assessing the impact of energy transition, circular economy, and international trade on carbon footprint

Author

Listed:
  • Yukun Cao

    (Northeast Forestry University)

  • Jingxuan Cai

    (Northeast Forestry University)

  • Xiangyue Liu

    (Northeast Forestry University)

Abstract

This study explores the connections between energy transition, circular economy principles, and international trade to lessen carbon footprints for a sustainable future. It uses in-depth modeling and data analysis to show how they affect greenhouse gas emission mitigation. The study underscores the necessity of tackling the loss of natural resources, mainly due to insufficient waste management. It also stresses the transition from a linear to a circular economy. It validates the potential of the circular economy to reduce carbon emissions across eight key emitting countries through extensive research using scientific data from 1991 to 2021 and the AMG technique. It also draws a connection between development, high carbon emissions intensity, and efficient waste management in particular countries, supporting renewable energy as a beneficial environmental option. The report offers practical sustainability solutions for long-term implementation and identifies municipal garbage as a significant source of air pollution and greenhouse gas emissions.

Suggested Citation

  • Yukun Cao & Jingxuan Cai & Xiangyue Liu, 2024. "Advancing toward a sustainable future: assessing the impact of energy transition, circular economy, and international trade on carbon footprint," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-26, April.
    • Handle: RePEc:kap:ecopln:v:57:y:2024:i:2:d:10.1007_s10644-024-09621-0
    DOI: 10.1007/s10644-024-09621-0
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10644-024-09621-0
    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/s10644-024-09621-0?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. Srirangan, Kajan & Akawi, Lamees & Moo-Young, Murray & Chou, C. Perry, 2012. "Towards sustainable production of clean energy carriers from biomass resources," Applied Energy, Elsevier, vol. 100(C), pages 172-186.
    2. Chang, Lei & Taghizadeh-Hesary, Farhad & Saydaliev, Hayot Berk, 2022. "How do ICT and renewable energy impact sustainable development?," Renewable Energy, Elsevier, vol. 199(C), pages 123-131.
    3. Chang, Lei & Taghizadeh-Hesary, Farhad & Mohsin, Muhammad, 2023. "Role of artificial intelligence on green economic development: Joint determinates of natural resources and green total factor productivity," Resources Policy, Elsevier, vol. 82(C).
    4. Alina Ștefania Chenic & Alin Ioan Cretu & Adrian Burlacu & Nicolae Moroianu & Daniela Vîrjan & Dragos Huru & Mihaela Roberta Stanef-Puica & Vladimir Enachescu, 2022. "Logical Analysis on the Strategy for a Sustainable Transition of the World to Green Energy—2050. Smart Cities and Villages Coupled to Renewable Energy Sources with Low Carbon Footprint," Sustainability, MDPI, vol. 14(14), pages 1-30, July.
    5. Xu, Deyi & Sheraz, Muhammad & Hassan, Arshad & Sinha, Avik & Ullah, Saif, 2022. "Financial development, renewable energy and CO2 emission in G7 countries: New evidence from non-linear and asymmetric analysis," Energy Economics, Elsevier, vol. 109(C).
    6. Wang, Changjian & Wang, Fei & Zhang, Xinlin & Yang, Yu & Su, Yongxian & Ye, Yuyao & Zhang, Hongou, 2017. "Examining the driving factors of energy related carbon emissions using the extended STIRPAT model based on IPAT identity in Xinjiang," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 51-61.
    7. Chang, Lei & Taghizadeh-Hesary, Farhad & Mohsin, Muhammad, 2023. "Role of mineral resources trade in renewable energy development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 181(C).
    8. Halkos, George & Managi, Shunsuke, 2023. "New developments in the disciplines of environmental and resource economics," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 513-522.
    9. Faisal Faisal & Ruqiya Pervaiz & Nesrin Ozatac & Turgut Tursoy, 2021. "Exploring the relationship between carbon dioxide emissions, urbanisation and financial deepening for Turkey using the symmetric and asymmetric causality approaches," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(12), pages 17374-17402, December.
    10. Liu, Ying & Feng, Chao, 2023. "Promoting renewable energy through national energy legislation," Energy Economics, Elsevier, vol. 118(C).
    11. Syed Ale Raza Shah & Syed Asif Ali Naqvi & Sofia Anwar & Ashfaq Ahmad Shah & Abdul Majeed Nadeem, 2022. "Socio-economic impact assessment of environmental degradation in Pakistan: fresh evidence from the Markov switching equilibrium correction model," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(12), pages 13786-13816, December.
    12. Yan, Juan & Haroon, Muhammad, 2023. "Financing efficiency in natural resource markets mobilizing private and public capital for a green recovery," Resources Policy, Elsevier, vol. 85(PB).
    13. Ioannidis, Alexis & Chalvatzis, Konstantinos J. & Li, Xin & Notton, Gilles & Stephanides, Phedeas, 2019. "The case for islands’ energy vulnerability: Electricity supply diversity in 44 global islands," Renewable Energy, Elsevier, vol. 143(C), pages 440-452.
    14. Uche, Emmanuel & Das, Narasingha & Bera, Pinki & Cifuentes-Faura, Javier, 2023. "Understanding the imperativeness of environmental-related technological innovations in the FDI – Environmental performance nexus," Renewable Energy, Elsevier, vol. 206(C), pages 285-294.
    15. Nicoleta Mihaela Florea & Roxana Maria Bădîrcea & Georgeta-Madalina Meghisan-Toma & Silvia Puiu & Alina Georgiana Manta & Dorel Berceanu, 2021. "Linking Public Finances’ Performance to Renewable-Energy Consumption in Emerging Economies of the European Union," Sustainability, MDPI, vol. 13(11), pages 1-14, June.
    16. Hengjie Xu & Qiang Mei & Fakhar Shahzad & Suxia Liu & Xingle Long & Jingjing Zhang, 2020. "Untangling the Impact of Green Finance on the Enterprise Green Performance: A Meta-Analytic Approach," Sustainability, MDPI, vol. 12(21), pages 1-16, October.
    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. Yu, Mengyan & Umair, Muhammad & Oskenbayev, Yessengali & Karabayeva, Zhаnsaya, 2023. "Exploring the nexus between monetary uncertainty and volatility in global crude oil: A contemporary approach of regime-switching," Resources Policy, Elsevier, vol. 85(PB).
    2. Huo, Tengfei & Du, Qianxi & Xu, Linbo & Shi, Qingwei & Cong, Xiaobo & Cai, Weiguang, 2023. "Timetable and roadmap for achieving carbon peak and carbon neutrality of China's building sector," Energy, Elsevier, vol. 274(C).
    3. Kuang, Hewu & Liang, Yiyan & Zhao, Wenjia & Cai, Jiahong, 2023. "Impact of natural resources and technology on economic development and sustainable environment – Analysis of resources-energy-growth-environment linkages in BRICS," Resources Policy, Elsevier, vol. 85(PB).
    4. Yan, Xiang & Yang, Chao & Zhang, Renfang, 2023. "How does green finance derive the resource efficiency and decarbonization of the economy?," Resources Policy, Elsevier, vol. 85(PB).
    5. Dai, Li & Xiong, Yuyu, 2023. "Does the green finance development and renewable energy affect the economic recovery in Asian economies," Renewable Energy, Elsevier, vol. 216(C).
    6. Andrei Forton & Adelin Stirb & Paul Marc, 2023. "Influence of Anti-Stripping Green Additives on Binder Performance," Sustainability, MDPI, vol. 15(5), pages 1-18, March.
    7. Marius Dalian Doran & Maria Magdalena Poenaru & Alexandra Lucia Zaharia & Sorana Vătavu & Oana Ramona Lobonț, 2022. "Fiscal Policy, Growth, Financial Development and Renewable Energy in Romania: An Autoregressive Distributed Lag Model with Evidence for Growth Hypothesis," Energies, MDPI, vol. 16(1), pages 1-18, December.
    8. Skare, Marinko & Gavurova, Beata & Sinkovic, Dean, 2023. "Regional aspects of financial development and renewable energy: A cross-sectional study in 214 countries," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1142-1157.
    9. Bauer, Fredric & Hulteberg, Christian, 2014. "Isobutanol from glycerine – A techno-economic evaluation of a new biofuel production process," Applied Energy, Elsevier, vol. 122(C), pages 261-268.
    10. Caspeta, Luis & Caro-Bermúdez, Mario A. & Ponce-Noyola, Teresa & Martinez, Alfredo, 2014. "Enzymatic hydrolysis at high-solids loadings for the conversion of agave bagasse to fuel ethanol," Applied Energy, Elsevier, vol. 113(C), pages 277-286.
    11. Lili Sun & Huijuan Cui & Quansheng Ge, 2021. "Driving Factors and Future Prediction of Carbon Emissions in the ‘Belt and Road Initiative’ Countries," Energies, MDPI, vol. 14(17), pages 1-21, September.
    12. Toka, Agorasti & Iakovou, Eleftherios & Vlachos, Dimitrios & Tsolakis, Naoum & Grigoriadou, Anastasia-Loukia, 2014. "Managing the diffusion of biomass in the residential energy sector: An illustrative real-world case study," Applied Energy, Elsevier, vol. 129(C), pages 56-69.
    13. Ding, Yuanyi, 2023. "Does natural resources cause sustainable financial development or resources curse? Evidence from group of seven economies," Resources Policy, Elsevier, vol. 81(C).
    14. López-González, D. & Puig-Gamero, M. & Acién, F.G. & García-Cuadra, F. & Valverde, J.L. & Sanchez-Silva, L., 2015. "Energetic, economic and environmental assessment of the pyrolysis and combustion of microalgae and their oils," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 1752-1770.
    15. Xiaoli Zhang & Guoyi Xiu & Fakhar Shahzad & Yupeng Duan, 2021. "Optimal Financing Strategy in a Capital-Constrained Supply Chain with Retailer Green Marketing Efforts," Sustainability, MDPI, vol. 13(3), pages 1-19, January.
    16. Dong Jichang & He Jing & Li Xiuting & Mou Xindi & Dong Zhi, 2020. "The Effect of Industrial Structure Change on Carbon Dioxide Emissions: A Cross-Country Panel Analysis," Journal of Systems Science and Information, De Gruyter, vol. 8(1), pages 1-16, February.
    17. Attílio, Luccas Assis & Faria, João Ricardo & Rodrigues, Mauro, 2023. "Does monetary policy impact CO2 emissions? A GVAR analysis," Energy Economics, Elsevier, vol. 119(C).
    18. Panagiotis G. Kosmopoulos & Marios T. Mechilis & Panagiota Kaoura, 2022. "Solar Energy Production Planning in Antikythera: Adequacy Scenarios and the Effect of the Atmospheric Parameters," Energies, MDPI, vol. 15(24), pages 1-19, December.
    19. Xinlin Zhang, 2020. "Estimation of eco‐efficiency and identification of its influencing factors in China's Yangtze River Delta urban agglomerations," Growth and Change, Wiley Blackwell, vol. 51(2), pages 792-808, June.
    20. Dhar, Subash & Pathak, Minal & Shukla, Priyadarshi R., 2020. "Transformation of India's steel and cement industry in a sustainable 1.5 °C world," Energy Policy, Elsevier, vol. 137(C).

    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_s10644-024-09621-0. 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.