Environmental sustainability: a clean energy aspect versus poverty

Poverty reduction and environmental sustainability are the two significant challenges the world needs to cope with in the twenty-first century worldwide. Environmental impact is a constraint in the path of poverty alleviation and sustainable development, as well. Considering ecological footprint as a measure of environmental sustainability and accomplishing sustainable development with time-series data spanning 2010-2016, this study explores the relationship between poverty and ecological footprint. The Driscoll-Kray regression estimator is employed as it is flexible for dependencies across countries, heteroscedasticity, and autocorrelation. Findings from the studies infer that a rise in poverty reduces the ecological footprint that affects environmental sustainability. An increase in ecological footprint reduces poverty as well. The study found there is a trade-off between poverty and ecological footprint. Ambient in environmental degradation contributes significantly to reduce poverty.

Automated summary

This study investigates the relationship between poverty and ecological footprint, finding that an increase in poverty reduces environmental sustainability. Additionally, an increase in ecological footprint leads to a decrease in poverty. The research highlights a trade-off between poverty and ecological footprint.