Reassessing the Linkage between Economic Growth and Environment through the Lens of Deforestation, Pollution and Carbon Emission
Keywords:
Economic growth , environment , deforestation, pollution, carbon emissionAbstract
Sustainable Development Goals for 2030 established by the United Nations aim, on the one hand, to achieve sustained growth and the eradication of poverty, and, on the other, to safeguard the environment. The relationship between development and the environment has been the subject of a substantial amount of research since the 1990s. This study has found that the link between economic growth and environmental degradation indicators in SAARC countries by modelling these connections utilising linear as well as non-linear regressions. The results show that economic growth leads to steadily improved efficiency of consuming the planet's nonrenewable resources; but, higher efficiency is not sufficient to counteract the expansion in scale. The study's findings show that economic growth and deforestation, air pollution, carbon emissions, and human capital are significantly related.