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Role of financial development, environmental-related technologies, research and development, energy intensity, natural resource depletion, and temperature in sustainable environment in Canada

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Abstract

Environmental sustainability concerns are increasing worldwide; both developing and developed countries face environmental degradation. Literature has highlighted the environment-growth nexus; however, the impact of environmental-related technologies on the environment is ignored in early studies. This study aims to explore the implications of financial development, environmental-related technologies, research and development, energy intensity, renewable energy production, natural resource depletion, and temperature in a sustainable environment in Canada by using a time series model, i.e., dynamic ARDL simulations (Jordan and Philips 2018) with data from 1989 to 2020. The examined findings of the dynamic ARDL simulations indicate that environmental-related technologies in Canada help to reduce environmental degradation both in the short run and in the long run. At the same time, financial development, energy intensity, renewable energy production, research and development, natural resource depletion, and temperature causes boost the environmental degradation in Canada. To achieve sustainable environment, Canada needs to improve innovations in the environmental-related technologies for achieving sustainable growth and environment.

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Acknowledgements

The authors express their gratitude to the editorial board and reviewer for the efforts for suggestion and reviewing this paper. The authors also appreciate the editor for his cooperation during the review process.

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Data is available from the corresponding author with a formal request.

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Authors and Affiliations

  1. Management Studies Department, Bahria Business School, Bahria University, Islamabad, Pakistan

    Muhammad Kamran Khan & Samreen Fahim Babar

  2. Technology Management, Economic and Policy Program, College of Engineering, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul, 08826, Korea

    Bahareh Oryani

  3. Amity School of Economics, Amity University, Noida, Uttar Pradesh, India

    Vishal Dagar

  4. College of Economics and Management, Henan Agricultural University, Zhengzhou, 450002, China

    Abdul Rehman

  5. School of Management and Economics, Beijing Institute of Technology, Beijing, 100081, China

    Abdulrasheed Zakari

  6. Alma Mater Europaea ECM, Maribor, Slovenia

    Abdulrasheed Zakari

  7. Center for Agricultural Resources Research, Institute of Genetics and Developmental Biology, Chinese Academy of Sciences, Shijiazhuang, 050021, China

    Muhammad Owais Khan

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  1. Muhammad Kamran Khan
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Contributions

Conceptualization, introduction and results writing, and data analysis: Muhammad Kamran Khan and Samreen Fahim Babar. Literature review: Bahareh Oryani. Data collection: Vishal Dagar and Abdul Rehman. Proofreading and referencing: Abdulrasheed Zakari and Muhammad Owais Khan. All authors have read and approved this manuscript.

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Correspondence to Muhammad Kamran Khan.

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Khan, .K., Babar, S.F., Oryani, B. et al. Role of financial development, environmental-related technologies, research and development, energy intensity, natural resource depletion, and temperature in sustainable environment in Canada. Environ Sci Pollut Res 29, 622–638 (2022). https://doi.org/10.1007/s11356-021-15421-0

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