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An R-Based Landscape Validation of a Competing Risk Model
Published on: September 16, 2022
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Modeling green energy and innovation for ecological risk management using second generation dynamic quantile panel
Shajara Ul-Durar1, Noman Arshed2, Marco De Sisto3
1University of Sunderland, The School of Business Management Edinburgh Building, Chester Road, Sunderland, United Kingdom, SR1 3SD; Durham University, Business School, Mill Hill Lane, Durham, DH1 3LB, United Kingdom.
Journal of Environmental Management
|July 10, 2024
Summary
Effective ecological risk management is vital for global well-being. Reducing environmental pressure, transitioning to clean energy, and fostering economic integration are key strategies for sustained ecology and food security.
Area of Science:
- Environmental Economics
- Ecological Risk Management
- Sustainable Development
Background:
- Ecological risk management is crucial for standard of living and food security.
- Environmental degradation and climate change necessitate understanding ecological risk's links to environmental pressure, clean energy, economic activity, globalization, and green technology.
- The Environmental Performance Index (EPI) is a key indicator for assessing ecological risk, encompassing climate change, environmental pressures, and human actions, often with spatial effects.
Purpose of the Study:
- To explore the relationship between anthropogenic factors and global ecological risk management.
- To analyze the spatial effects of economic activities on ecology across countries.
- To identify effective strategies for mitigating ecological risks.
Main Methods:
- Developed a second-generation dynamic panel quantile regression model.
- Incorporated spatial effects of economic activities on ecology.
- Analyzed data from 55 countries between 1995 and 2022 using an innovative hybrid estimation scheme.
Main Results:
- Identified key anthropogenic factors influencing ecological risk.
- Quantified the spatial impacts of economic activities on ecological systems.
- Ranked the effectiveness of different risk management strategies.
Conclusions:
- Reducing environmental pressure is the most effective strategy for ecological risk management.
- Expediting energy transition and embracing economic integration are also crucial.
- Further efforts are needed to rejuvenate green technology and promote green growth for long-term sustainability.
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