AN IMPROVED ENVIRONMENTAL MANAGEMENT MODEL FOR ASSURING ENERGY AND ECONOMIC PROSPERITY

AN IMPROVED ENVIRONMENTAL MANAGEMENT MODEL FOR ASSURING ENERGY AND ECONOMIC PROSPERITY

2024 | Nguyen Thanh Hai*, Nguyen Thuy Duong
This study presents an improved environmental management model to ensure energy and economic prosperity. The research examines the influence of energy efficiency on economic growth and environmental sustainability in the top 10 most energy-efficient countries between 1990 and 2019. It uses energy availability, security, and depletion as moderating factors. The findings indicate a positive correlation between energy intensity, availability, and safety, as well as carbon dioxide emissions, ecological impact, and economic development. The decrease in energy availability was shown to have a detrimental effect on economic growth while positively correlated with both carbon dioxide emissions and the environmental impact. The results suggest that energy magnitude, availability, and security have a significant effect on economic development but also affect the environment. The empirical data suggests that economies must attempt to meet economic and ecological goals by separating energy use from economic growth. This is achieved through improvements in energy utilization. The research also highlights the importance of balancing ecological, financial, and energy impacts in the growth of national economies. It emphasizes the need for effective strategies to address these impacts simultaneously. The study uses a comprehensive empirical investigation, including sophisticated econometric approaches, to achieve this objective. The findings of the Westerlund panel co-integration test imply long-term linkages among the variables under consideration. The research concludes that energy efficiency is a vital component in achieving environmental sustainability and economic development. It also highlights the importance of sustainable energy management strategies in enterprises. The study recommends that policymakers establish energy codes or gasoline consumption requirements and implement compulsory energy-saving initiatives. The research also suggests that governments should pursue economic and ecological goals concurrently by disassociating energy use from economic expansion. This is achieved by increasing energy utilization to decrease the need for utilities or enhance the effective use of energy. The study also indicates that planners should create a sustainable energy recovery strategy since it enhances resilience and safety in multiple ways. Investments in power networks and battery storage should be promoted. Implementing these measures will mitigate the likelihood of supply interruption, enhance the modernity of power systems, and bolster their resilience to endure and recover from unforeseen events. The study also highlights the importance of considering energy policies within a socio-technical framework encompassing technological, financial, political, and social variables.This study presents an improved environmental management model to ensure energy and economic prosperity. The research examines the influence of energy efficiency on economic growth and environmental sustainability in the top 10 most energy-efficient countries between 1990 and 2019. It uses energy availability, security, and depletion as moderating factors. The findings indicate a positive correlation between energy intensity, availability, and safety, as well as carbon dioxide emissions, ecological impact, and economic development. The decrease in energy availability was shown to have a detrimental effect on economic growth while positively correlated with both carbon dioxide emissions and the environmental impact. The results suggest that energy magnitude, availability, and security have a significant effect on economic development but also affect the environment. The empirical data suggests that economies must attempt to meet economic and ecological goals by separating energy use from economic growth. This is achieved through improvements in energy utilization. The research also highlights the importance of balancing ecological, financial, and energy impacts in the growth of national economies. It emphasizes the need for effective strategies to address these impacts simultaneously. The study uses a comprehensive empirical investigation, including sophisticated econometric approaches, to achieve this objective. The findings of the Westerlund panel co-integration test imply long-term linkages among the variables under consideration. The research concludes that energy efficiency is a vital component in achieving environmental sustainability and economic development. It also highlights the importance of sustainable energy management strategies in enterprises. The study recommends that policymakers establish energy codes or gasoline consumption requirements and implement compulsory energy-saving initiatives. The research also suggests that governments should pursue economic and ecological goals concurrently by disassociating energy use from economic expansion. This is achieved by increasing energy utilization to decrease the need for utilities or enhance the effective use of energy. The study also indicates that planners should create a sustainable energy recovery strategy since it enhances resilience and safety in multiple ways. Investments in power networks and battery storage should be promoted. Implementing these measures will mitigate the likelihood of supply interruption, enhance the modernity of power systems, and bolster their resilience to endure and recover from unforeseen events. The study also highlights the importance of considering energy policies within a socio-technical framework encompassing technological, financial, political, and social variables.
Reach us at info@study.space
[slides and audio] AN IMPROVED ENVIRONMENTAL MANAGEMENT MODEL FOR ASSURING ENERGY AND ECONOMIC PROSPERITY