A step towards a sustainable environment in top-10 nuclear energy consumer countries: The role of financial globalization and nuclear energy
Nuclear energy is considered an effective means of enhancing environmental sustainability. Considering this point, this study aims to explore the impact of nuclear energy, financial globalization, technological innovation, and economic growth on ecological sustainability in the top-10 nuclear energy...
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| Format: | Article |
| Language: | English |
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Elsevier
2025-01-01
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| Series: | Nuclear Engineering and Technology |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S1738573324003899 |
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| author | Mumtaz Ali Ahmed Samour Suhaib Ahmed Soomro Waqar Khalid Turgut Tursoy |
| author_facet | Mumtaz Ali Ahmed Samour Suhaib Ahmed Soomro Waqar Khalid Turgut Tursoy |
| author_sort | Mumtaz Ali |
| collection | DOAJ |
| description | Nuclear energy is considered an effective means of enhancing environmental sustainability. Considering this point, this study aims to explore the impact of nuclear energy, financial globalization, technological innovation, and economic growth on ecological sustainability in the top-10 nuclear energy-consuming economies from 1995 to 2020. The load capacity factor is used as a novel proxy for ecological sustainability, explaining how human actions affect ecological sustainability and how nature compensates for human-induced damage. The study employs a novel non-parametric MMQR approach to obtain coefficients across heterogeneous quantiles. The MMQR estimation findings indicate that: (i) nuclear and renewable energy consumption and financial globalization promote environmental sustainability by increasing the LCF; (ii) economic growth degrades ecological sustainability by decreasing the LCF; and (iii) the results from Granger causality suggest a causal link among economic growth, technological innovation, nuclear energy, and LCF. The study recommends that the governments of the top-10 nuclear energy-consuming countries facilitate more investment in green technologies and green energy to achieve environmental sustainability. |
| format | Article |
| id | doaj-art-2963ea0052a24a19b92d60049ff06f13 |
| institution | Kabale University |
| issn | 1738-5733 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Nuclear Engineering and Technology |
| spelling | doaj-art-2963ea0052a24a19b92d60049ff06f132025-01-12T05:24:37ZengElsevierNuclear Engineering and Technology1738-57332025-01-01571103142A step towards a sustainable environment in top-10 nuclear energy consumer countries: The role of financial globalization and nuclear energyMumtaz Ali0Ahmed Samour1Suhaib Ahmed Soomro2Waqar Khalid3Turgut Tursoy4Banking and Finance Department, Near East University, Near East Boulevard, 99138, Nicosia, TRNC Mersin 10, Turkey; Corresponding author.Accounting Department, Dhofar University, Salalah, Sultanate of OmanDepartment of Business Administration, Near East University, Near East Boulevard, 99138, Nicosia, TRNC Mersin 10, TurkeyU.S.-Pakistan Center for Advanced Studies in Energy (USPCAS-E), National University of Sciences and Technology (NUST), Sector H-12, Islamabad 44000, PakistanBanking and Finance Department, Near East University, Near East Boulevard, 99138, Nicosia, TRNC Mersin 10, TurkeyNuclear energy is considered an effective means of enhancing environmental sustainability. Considering this point, this study aims to explore the impact of nuclear energy, financial globalization, technological innovation, and economic growth on ecological sustainability in the top-10 nuclear energy-consuming economies from 1995 to 2020. The load capacity factor is used as a novel proxy for ecological sustainability, explaining how human actions affect ecological sustainability and how nature compensates for human-induced damage. The study employs a novel non-parametric MMQR approach to obtain coefficients across heterogeneous quantiles. The MMQR estimation findings indicate that: (i) nuclear and renewable energy consumption and financial globalization promote environmental sustainability by increasing the LCF; (ii) economic growth degrades ecological sustainability by decreasing the LCF; and (iii) the results from Granger causality suggest a causal link among economic growth, technological innovation, nuclear energy, and LCF. The study recommends that the governments of the top-10 nuclear energy-consuming countries facilitate more investment in green technologies and green energy to achieve environmental sustainability.http://www.sciencedirect.com/science/article/pii/S1738573324003899Nuclear energyMMQRSustainabilityLCFGrowth |
| spellingShingle | Mumtaz Ali Ahmed Samour Suhaib Ahmed Soomro Waqar Khalid Turgut Tursoy A step towards a sustainable environment in top-10 nuclear energy consumer countries: The role of financial globalization and nuclear energy Nuclear Engineering and Technology Nuclear energy MMQR Sustainability LCF Growth |
| title | A step towards a sustainable environment in top-10 nuclear energy consumer countries: The role of financial globalization and nuclear energy |
| title_full | A step towards a sustainable environment in top-10 nuclear energy consumer countries: The role of financial globalization and nuclear energy |
| title_fullStr | A step towards a sustainable environment in top-10 nuclear energy consumer countries: The role of financial globalization and nuclear energy |
| title_full_unstemmed | A step towards a sustainable environment in top-10 nuclear energy consumer countries: The role of financial globalization and nuclear energy |
| title_short | A step towards a sustainable environment in top-10 nuclear energy consumer countries: The role of financial globalization and nuclear energy |
| title_sort | step towards a sustainable environment in top 10 nuclear energy consumer countries the role of financial globalization and nuclear energy |
| topic | Nuclear energy MMQR Sustainability LCF Growth |
| url | http://www.sciencedirect.com/science/article/pii/S1738573324003899 |
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