Sustainable Energy Investment and Environmental Development
DOI:
https://doi.org/10.47604/jpid.2095Abstract
Purpose: The aim of the study was to investigate sustainable energy investment and environmental development
Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries.
Findings: The study's findings investigated the relationship between sustainable energy investment and environmental development across multiple countries. Using panel data analysis, they found a significant and positive correlation between sustainable energy investment and indicators of environmental development, including reduced carbon emissions and improved air quality. This suggests that directing resources toward sustainable energy projects can effectively contribute to better environmental outcomes. Policymakers are encouraged to prioritize and incentivize sustainable energy investment, as it can play a pivotal role in achieving environmental goals and fostering global sustainability.
Unique Contribution to Theory, Practice and Policy: Environmental Kuznets Curve (EKC) Theory and Ecological Modernization Theory may be used to anchor future studies on Sustainable Energy Investment and Environmental Development. Prioritize energy efficiency measures in industries, buildings, and transportation. Collaborate with other nations to share best practices, technologies, and policies for sustainable energy and environmental development.
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