Muntasir Murshed’s research while affiliated with North South University and other places

The renewable energy market in the United States of America (USA) has experienced several crests and troughs owing to the changes in the climate policies. These changes in the climate policies have impacted the climate risk management scenario in the USA. This impact has changed the behavioral pattern of the renewable energy drivers, and a supply‐side analysis of this aspect is largely ignored in the literature. In this pursuit, the present study aims at analyzing the moderating role of climate policy uncertainty in shaping the behavior of renewable energy drivers in the USA. Given the risk analysis perspective, a novel multivariate quantile‐on‐quantile causality test is introduced in the present study to address five aspects of risk analysis, i.e., tail dependence, co‐movement, predictability, multivariate, and asymmetric impact. Moreover, this test also addresses the omitted variable bias and absence of ortho‐partiality distribution, which were inherent to Granger causality test. Along with the analysis at the national level, a firm‐level analysis is also done by taking the top‐5 renewable energy generation firms of the USA. The results show that the climate policy uncertainty has a dampening effect on the renewable energy drivers, and this effect differs at the firm level. These impacts show a significant policy dimension for addressing the climatic risk management concerns in the USA, while achieving the Sustainable Development Goal (SDG) 7 objectives.

Although natural resources are crucial inputs for fostering economic growth, the environmental curse of natural resources cannot be overlooked. Notably, utilization of unclean natural resources often has risks of triggering higher carbon emissions; thus, making economic outputs more carbon-intensive and carbon sequestration more difficult. Hence, considering the importance of geopolitical dispute settlement to gradually reduce natural resources reliance and thereby de-curse the environment, this study chose nine South and Southeast Asian nations to examine whether developing sound geopolitical relationships can help to reduce the carbon curse of natural resources. Considering data from 1984 to 2018 for analytical purposes, it is found that natural resource utilization, especially coal, oil, and forest resources, worsens the carbon curse situation, especially in Southeast Asian countries. On the other hand, settling geopolitical disputes is identified as a potential means for reducing the carbon curse for both South and Southeast Asian countries. Moreover, simultaneously resolving geopolitical issues and utilizing more natural resources are found to jointly de-curse the carbon curse. Notably, the results confirm the role of geopolitical dispute settlement as a moderator which partially lessens the carbon curse associated with more use of natural resources. However, such joint de-cursing impacts are heterogeneous across different types of natural resources. Nevertheless, the results collectively endorse that settlement of geopolitical disputes helps to reduce carbon emissions, thus, making economic outputs across South and Southeast Asia less carbon-intensive. Accordingly, relevant geopolitical relationship-building policies are recommended for low-carbon transformation of natural resource-based sectors in South and Southeast Asia.

Since most developing countries located across Latin America and the Caribbean have bountiful deposits of mineral resources and are also large-scale mineral exporters, this study appraises the validity of the hypothesis regarding the carbon curse of mineral resources using a sample of 13 developing nations from this region. Besides, the potency of technological innovation finance in containing carbon emissions, exerted from utilization of mineral resources, is also explored. In this regard, considering the period from 1998 to 2021 and employing advanced panel data estimators, the results verify the hypothesis regarding the carbon curse of mineral resources by linking more mineral resource utilization with higher carbon discharges. Besides, providing more technological innovation finance is observed to reduce carbon emissions in the long run. More importantly, the results affirm that scaling such financial provisions offsets the carbon discharges associated with mineral resource utilization, especially by acting as a moderator between mineral resource use and carbon emissions. Hence, these findings certify that technological innovation financing is highly effective in helping the concerned nations avoid the carbon curse of mineral resources. Furthermore, results show that implementing trade liberalization policies reduces carbon emissions while the pollution haven hypothesis is also verified based on the finding of the positive nexus between foreign direct investment receipts and carbon emissions. Hence, considering these analytical outcomes, several environmentally sustainable mineral resource-based policies are suggested for the concerned Latin American and Caribbean countries.