Waste of any origin is one of the most serious global and man-made concerns of our day. It causes climate change, environmental degradation, and human health problems. Proper waste management ...practices, including waste reduction, safe handling, and appropriate treatment, are essential to mitigate these consequences. It is thus essential to implement effective waste management strategies that reduce waste at the source, promote recycling and reuse, and safely dispose of waste. Transitioning to a circular economy with policies involving governments, industries, and individuals is essential for sustainable growth and waste management. The review focuses on diverse kinds of environmental waste sources around the world, such as residential, industrial, commercial, municipal services, electronic wastes, wastewater sewerage, and agricultural wastes, and their challenges in efficiently valorizing them into useful products. It highlights the need for rational waste management, circularity, and sustainable growth, and the potential of a circular economy to address these challenges. The article has explored the role of thermophilic microbes in the bioremediation of waste. Thermophiles known for their thermostability and thermostable enzymes, have emerged to have diverse applications in biotechnology and various industrial processes. Several approaches have been explored to unlock the potential of thermophiles in achieving the objective of establishing a zero-carbon sustainable bio-economy and minimizing waste generation. Various thermophiles have demonstrated substantial potential in addressing different waste challenges. The review findings affirm that thermophilic microbes have emerged as pivotal and indispensable candidates for harnessing and valorizing a range of environmental wastes into valuable products, thereby fostering the bio-circular economy.
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•Decisive attention to waste management is crucial to address global concerns like climate change, and health problems.•Transitioning to a biocircular economy has abated ecological burdens by enhancing the economy, and environmental benefits.•Thermophilic microbes are versatile solutions for treating various waste streams in pursuit of a bio-circular economy.•The findings affirm the critical valorization potential of thermophilic microbes thus advancing the bio-circular economy.•Alliance among government, private, and civil sectors is crucial for a sustainable circular economy and waste management.
In this study, the Method of Moments Quantile Regression (MMQR) technique was used to assess the role of financial globalization and renewable energy consumption on ecological footprint in newly ...industrialized countries (NICs) using annual data from 1990 to 2018. We also incorporated other drivers of ecological footprint, such as natural resources and economic growth. The findings from the MMQR unveiled that financial globalization and renewable energy consumption contribute to environmental quality in each quantile (0.1–0.90), while economic growth and natural resource increase ecological footprint across all quantiles (0.1–0.90). In addition, the Environmental Kuznets Curve hypothesis was validated across all quartiles (0.1–0.90). Similar findings are endorsed by alternative heterogeneous panel estimators, however, their parameters magnitude substantially varied. Additionally, via the route of natural resources, financial globalization is proven to have an indirect positive influence on the environment across middle and higher quantiles (0.4–0.90). Lastly, the panel causality test unveiled that financial globalization, renewable energy, natural resources and economic growth can predict ecological footprint. As a result, the present research's empirical findings can help policymakers understand how renewable energy sources and financial globalization can achieve sustainable economic growth and address environmental issues.
•Novel Method of Moments Quantile regression is employed.•EKC hypothesis is validated across all quartiles.•Renewable energy consumption reduces Ecological Footprints across all quantiles.•Financial Globalization leads to sustainable environment.•Financial Globalization neutralized the negative consequences of natural resources
It has been observed that the massive urbanization has boosted up infinite construction in the developed as well as developing countries. The construction and demolition waste has been ...correspondingly increased enormously which results in nasty and fatal impacts on urban sustainability and survival in the term of economic values and environmental safety. Considering construction and demolition waste management (CDWM) in the USA and China and its comparison has not been discussed, this study explores some research questions to fill such gaps: What are the existing CDWM policies and regulations in these two countries? What is the market mode for CDWM? What are the key challenges of CDWM? What are the CDWM contribution and limitations toward circular economy? What are the lessons that must be exemplary for the two economies through mutual learning? Our results show that the CD waste generation and its management are influenced by several factors including population, urbanization, gross domestic product (GDP), and CDWM regulatory measures. The USA has more developed CDWM system. Whereas, China is a growing economy and it has some management deficiencies in the construction industry. Key suggestions for improving CDWM include: i. Government supervision along with an economic incentive approach, ii. Interaction between Stakeholders, iii. Mutual coordination among operational departments, iv. Audit and inspection setup, and v. Continuous development and integration of emerging technologies.
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•Review policies and market mode of construction and demolition waste management in the USA and China.•Identify challenges of construction and demolition waste management in United States and China.•Conduct comparative study between the United States and China and conclude mutual learning suggestions.•Propose recommendations to improve construction and demolition waste management.
•The CSR strategy brings efficiency and benefits for the company and its stakeholders.•CSR has a tangible economic value connected to the reputation of a company.•CSR measures, as measured by a ...reputation ranking, makes the prices of stocks grow.•The impact of CSR loses impact on the share price when the GDP variable is considered.•The CSR progress translates into a contribution to the companýs sustainable growth.
The aim of this work is to show whether a continuous strategy in Corporate Social Responsibility (CSR) over time brings efficiency and profitability to the company’s operations. The methodology used in this paper is based on two sets of variables: the scoring for 27 listed companies present in the Spanish MERCO Corporate Responsibility and Governance Ranking (MERCO CR&G Ranking), and their share price in the Spanish open stock market for said companies from 2011 to 2019. These variables are compared with regressive, autoregressive and moving average econometrical methods over time. Results reveal that: (i) there is a directly proportional relationship between CSR, measured by the MERCO CR&G Ranking, and the share price; (ii) such relationship loses relevance when considering the economic context; (iii) the great progress of CSR in terms of management, transparency, measurement, environment and governance translates into a crucial contribution to the efficiency and sustainable growth of the company.
This study aims to see whether FDI (Foreign Direct Investment) from the Agricultural Sector can be able to encourage FDI from the Tourism sector in Sumatra Island in the short and long term are ...supporting the Sustainable Economy in the future. The first analytical method used in this research is the descriptive method and the second method is the panel data regression method with the Vector Error Correction Model (VECM) in 8 regions on the island of Sumatera-Indonesia for 20 years. FDI from the Agricultural Sector is expected to be able to encourage the growth or increase of FDI in the Tourism sector; because several developed countries have changed or developed other service sectors to lead a Sustainable Economy. And the results of this study prove that in the long term and short term FDI in the agricultural sector and FDI in the Tourism services sector influence Gross Domestic Product Regional (GDPR).
Sustainable growth has become a serious challenge for the globe. Therefore, energy and technology sectors are being considered crucial factors for sustainable growth (GG). The current study tries to ...estimate the linkage of disaggregated clean energies, ICT progress with sustainable growth via Cobb-Douglas production function in which labor force and capital formation are taken as independent variables. Fully Modified Ordinary Least Square (FMOLS) and Dynamic Ordinary Least Square (DOLS) are being used to estimate the long-run behavior of independent variables with dependent variable. The obtained outcomes show a significant contribution by biomass and hydro energies towards sustainable growth. Besides, labor force participation is found to be a supportive instrument for GG, while capital formation damages sustainable growth. Lastly, the empirical outcome shows the supportive role of technology in sustainable growth by an average of 0.087% (FMOLS) & 0.314% (DOLS). Such findings further strengthen policymakers' belief in other nations to promote sustainable growth. And to alleviate the economic growth losses, we suggest setting up sustainable growth (GG) sharing mechanism among regions.
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•Study uses green growth as a proxy of sustainable growth in G-10 economies.•For theoretical background, the Cobb-Douglas Production function has been used.•Disaggregated green energies, LFP, and digital economy found supportive variables.•Determines the negative impact of gross capital formation on GG.
Efficient environmental resource management is a serious concern for sustainable development in developing countries. This study determines the impact of institutional quality on sustainable ...development, based on total factor productivity improvements through the environmental regulatory process by way of abatement policies using an augmented endogenous sustainable growth model. Based on panel data covering 66 developing countries from 1984 to 2019, the employed methods involve the fixed effects and the system generalized method of moments (GMM). The main results indicate that institutional quality has a positive impact on sustainable development. Institutional quality has a more positive role in sustainable development in lower middle-income countries than low-income countries. The overall results indicate that the disaggregated performance of institutional quality variables is higher in lower middle-income countries than low-income countries. Two main policy implications are implied by our analyses: legislative backing in the form of institutional enforcement is mandatory to design efficient and productive policy relevant to environmental resource management; and various institutional forms should be considered when designing environmental resource protection policy from an environmental governance point of view.
•Institutional quality plays a key role in sustainable development.•Efficient environmental resource management is essential for sustainability.•Institutions positively impact sustainability through total factor productivity.•Institutions plays a bigger role in lower middle-income countries.
Sustainable development requires implementation of relevant green transformation of countries by providing green policies and extending green technologies and renewable energies. Withal, it requires ...attracting additional knowledge, human, financial, and natural resources. In this case, countries with higher investment attractiveness have a higher capability to attract additional knowledge and resources to implement mechanisms and policies to achieve sustainable development goals. The effectiveness of public governance is a basic condition for the successful modernization of the economy to develop a positive business climate and attract investment. The paper aims at analysing the impact of institutions’ quality on a country’s investment attractiveness. The objects of research are Ukraine and the EU countries. The study applies correlation and regression analysis to achieve the purpose of the research. The findings show that institutions’ quality has a positive and statistically significant effect on a country’s investment attractiveness in the EU countries. However, in political stability, freedom and quality of governance positively influence a country’s investment attractiveness. Improving political stability by one point promotes the integrated index of a country’s investment attractiveness for the EU country by 0.086 and for Ukraine by 0.016. The impact of the rule of law on a country’s investment attractiveness is not statistically significant. This means that Ukraine has not formed an appropriate and affordable legislation base for attracting investors to the country. Thus, the Ukrainian government should pay attention to legislation for the regulation of social and economic development and energy and resource use.
