LAPSE:2023.9795
Published Article
LAPSE:2023.9795
The Nexus of Energy, Green Economy, Blue Economy, and Carbon Neutrality Targets
February 27, 2023
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.
Keywords
blue indicators, carbon neutrality, Energy, green indicators, nonlinear ARDL
Suggested Citation
Sarwar S, Waheed R, Aziz G, Apostu SA. The Nexus of Energy, Green Economy, Blue Economy, and Carbon Neutrality Targets. (2023). LAPSE:2023.9795
Author Affiliations
Sarwar S: Finance and Economics Department, University of Jeddah, Jeddah 21959, Saudi Arabia [ORCID]
Waheed R: Finance and Economics Department, College of Business, University of Jeddah, Jeddah 23445, Saudi Arabia [ORCID]
Aziz G: Department of Business Administration, College of Administrative and Financial Sciences, Saudi Electronic University, Jeddah 23442, Saudi Arabia [ORCID]
Apostu SA: Department of Statistics and Econometrics, Bucharest University of Economic Studies, 010552 Bucharest, Romania; Institute of National Economy, 050771 Bucharest, Romania [ORCID]
Journal Name
Energies
Volume
15
Issue
18
First Page
6767
Year
2022
Publication Date
2022-09-16
ISSN
1996-1073
Version Comments
Original Submission
Other Meta
PII: en15186767, Publication Type: Journal Article
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LAPSE:2023.9795
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https://doi.org/10.3390/en15186767
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