Impact of Economic Growth and Energy Consumption on Environmental Degradation: An Evidence from Selected Asian countries

Abstract

Environmental degradation has become an emerging issue that has been debated by researchers and policymakers around the globe. This environmental pollution may have adversarial influences on the living standard and life quality of humans.  In keeping this issue in view, this research identified the major determinants of environmental degradation in 13 selected Asian economies by using data from 2009 and 2020 by using the GMM technique. Findings reveal that the increase in gross domestic product and industrialization increases environmental degradation. Results also show an environmental Kuznets curve.  Moreover, gross domestic product square, energy consumption, and gross fixed capital formation are the major causes of environmental degradation in these selected Asian countries. The study suggested for better role of institutions in controlling emissions, ecological reductions, and improving green growth. There was also a need for better energy policies to control emissions and increase growth and development in the concerned economies. Finally, the focus should be made on the growth of the industrial sector.