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Öğe An investigation into the anthropogenic effect of biomass energy utilization and economic sustainability on environmental degradation in E7 economies(Wiley, 2021) Gyamfi, Bright Akwasi; Ozturk, Ilhan; Bein, Murad A.; Bekun, Festus VictorInspired by the Sustainable Development Goals (SDGs), this study focuses on the need for responsible and clean energy consumption, climate change mitigation, and sustainable economic growth. To this end, the study investigates the connection between biomass energy consumption, real GDP, investment in the energy sector, and CO2 emissions in the emerging (E7) countries - China, India, Brazil, Mexico, the Russian Federation, Indonesia and Turkey - for the period 2000-2018. The study uses a battery of techniques, namely Pooled Mean Group-autoregressive distributed lag, ordinary least square, dynamic ordinary least square, Fully Modified Ordinary Least Squares (PMG-ARDL, OLS, DOLS FMOLS) and causality estimators, to measure the robustness of the conceptualized relationship among the variables of interest. Empirical results show that conventional energy from fossil fuel sources is a driver of CO2 emissions within the E7 economies. On the other hand, biomass energy consumption and investments in the energy sector decrease CO2 emissions. Furthermore, a feedback causality relationship between biomass energy consumption and CO2 emissions is observed. Similarly, a feedback causality relationship is seen between economic growth and biomass energy consumption. Our study's empirical findings reveal that biomass energy consumption mitigated CO2 emissions in the E7 economies that were examined, suggesting the pivotal role for biomass energy consumption in creating an eco-friendly environment and environmental sustainability. This requires investment from the private sector, stakeholders, and government administrators in cleaner energy technologies initiatives like biomass. (c) 2021 Society of Chemical Industry and John Wiley & Sons, LtdÖğe The Moderating Role of Employment in an Environmental Kuznets Curve Framework Revisited in G7 Countries(Univ Pasundan, 2020) Gyamfi, Bright Akwasi; Bein, Murad A.; Ozturk, Ilhan; Bekun, Festus VictorAnthropogenic activities have resulted in environmental concerns due to the global consciousness for mitigating climate change issues. This awareness is emphasized in the sustainable development goals contained in the seventh and 13th targets. The study investigates the nexus between energy and growth while considering the moderating role of employment and its interaction with energy consumption in G7 countries for the period of 1980-2018. To achieve this objective, a carbon-income function is fitted to ameliorate the problems related to omitted variable bias. Empirical results indicate that all outlined variables are cointegrated over the investigated period, as reported by the Kao cointegration test. The study further validates the environmental Kuznets curve (EKC) hypothesis in the short-run. With emphasis on economic growth relative to environmental quality while in the long run, there is no statistical evidence in support of the EKC phenomenon. Furthermore, a 1% increase in energy consumption increases pollutant emission in the long run by 3.80%. Similarly, a positive elastic relationship is observed between trade and environmental degradation. This outcome is demonstrated in the causality results, which reveal a one-way causality running from trade to pollutant emission. These findings provide insights that can help policy formulations, including decoupling economic growth from pollutant emission and the need to adopt cleaner and eco-friendly technologies.