Club convergence analysis of fossil fuels material footprint at the global level

Akram, Vaseem and Bhargava, Sushant (2023) Club convergence analysis of fossil fuels material footprint at the global level. Environmental Science and Pollution Research. ISSN 0944-1344 (In Press)

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Abstract

Material footprint is vital for playing a role in increasing the pace of climate change and the sustainability of development efforts. Fossil fuels material footprint (FFMF) remains a critical indicator of environment-friendly economic development. Fossil fuels have also retained their dominance as prominent drivers of global growth since the Industrial Revolution. FFMF levels show considerable variations in economic growth worldwide as awareness of sustainability and climate change propagates. Although biomass/carbon emission convergence have been discussed extensively in the existing literature, FFMF convergence is still scanty despite its vital role in climate change. Hence, this study adds to the existing literature by examining the convergence of FFMF for 154 countries for the period from 1970 to 2019 using club convergence analysis. The results show that FFMF converges to a single steady state, stating a symmetric decline in FFMF growth. Further, the findings from sigma and beta tests are consistent with the main results. Thus, the demonstrated convergence of FFMF directs that global efforts regarding FFMF control should be continued. Moreover, future climate change policies should also be formulated to enhance the awareness of FFMF and long-term sustainability.

Item Type: Article
Keywords: Material Footprint | Fossil Fuels | Convergence | Sustainability | Climate Change
Subjects: Social Sciences and humanities > Social Sciences > Social Sciences (General)
JGU School/Centre: Jindal Institute of Behavioural Sciences
Depositing User: Amees Mohammad
Date Deposited: 28 Oct 2023 13:01
Last Modified: 28 Oct 2023 13:01
Official URL: https://doi.org/10.1007/s11356-023-30515-7
URI: https://pure.jgu.edu.in/id/eprint/6826

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