The interaction between remittance, FDI, renewable energy, and environmental quality: a panel data analysis for the top remittance-receiving countries

A country’s financing system is essential in addressing sustainable development requirements. National sources and international financial flows contribute to economic growth and environmental quality in many ways, and their impact can be critical. This paper applied panel data analysis using a comp...

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Published in:Environmental science and pollution research international 2024-02, Vol.31 (10), p.14912-14926
Main Authors: Dilanchiev, Azer, Sharif, Arshian, Ayad, Hicham, Nuta, Alina Cristina
Format: Article
Language:English
Subjects:
Aquatic Pollution
Atmospheric Protection/Air Quality Control/Air Pollution
Carbon
Carbon Dioxide
Data Analysis
Developing countries
Earth and Environmental Science
Economic Development
Economic growth
Ecotoxicology
Emissions
Energy
Environment
Environmental Chemistry
Environmental Health
Environmental Pollution
Environmental quality
Impact analysis
issues and policy
LDCs
pollution
Remittances
Renewable Energy
renewable energy sources
Renewable resources
Research Article
stakeholders
Sustainable development
Waste Water Technology
Water Management
Water Pollution Control
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Summary:A country’s financing system is essential in addressing sustainable development requirements. National sources and international financial flows contribute to economic growth and environmental quality in many ways, and their impact can be critical. This paper applied panel data analysis using a comparative approach of Pooled Mean Group Auto Regressive Distribute Lags (PMG-ARDL) and Cross Sectionally ARDL (CS-ARDL) to estimate the effects of FDI, renewable energy, and remittance on environmental quality in the top remittance-receiving countries, during 2000–2021. The study emphasized the positive relationship between FDI and carbon emissions. Moreover, renewable energy and remittances revealed an inverted U-shaped relationship with carbon emissions. In the case of developing countries from the panel, remittance improves environmental quality after reaching the threshold. Moreover, for some of the developing countries included in the panel, we found that they do not achieve the desired carbon mitigation effect in their early stages of renewable energy implementation. However, renewable energy becomes a key factor for tackling environmental pollution after a certain threshold. The mixed results determined diverse policy recommendations for various stakeholders.
ISSN:1614-7499
0944-1344
1614-7499
DOI:10.1007/s11356-024-32150-2