Evaluating the influences of natural resources and ageing people on CO2 emissions in G-11 nations: application of CS-ARDL approach

Abstract

Globalization as well as the ratio of ageing people in the group of 11 (G-11) countries has seen a rapid increase in recent years. Therefore, this study aims to provide effective policy recommendations for sustainable development goals 13, 8, and 7, for the G-11 countries. This work estimates the impact of natural resources and the ageing population on the emission of carbon dioxide (CO2 ) in G-11 countries using panel data from 1990–2020. For empirical results, secondgeneration methods were applied. The Westerlund co-integration test that assesses co-integration confirms the firm association among the parameters, and the values of coefficient of the cross-sectional autoregressive distributed lag (CS-ARDL) approach show that a 1% increase in the ageing population will lower the emissions of CO2 by 13.41% among G-11 countries. Moreover, the findings show that there exists an environmental Kuznets curve (EKC) among natural resources, globalization, economic growth, ageing people, and the emission of CO2 . Based on the findings, this work presents some important policy implications for achieving sustainable growth in the G-11 countries. These countries need to lower the amount of energy obtained from fossil fuels to improve air quality.