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Öğe Do investments in green energy, energy efficiency, and nuclear energy R&D improve the load capacity factor? An augmented ARDL approach(China Univ Geosciences, Beijing, 2024) Jin, Xin; Ahmed, Zahoor; Pata, Ugur Korkut; Kartal, Mustafa Tevfik; Erdogan, SinanRenewable energy, energy efficiency, and nuclear energy research and development (RER, EER, and NER) budgets are immensely important to fulfill sustainable development goals 7, 9, and 13, by accelerating energy innovation, energy transition, and climate control. The literature on the drivers of the load capacity factor (LCF), a recently developed ecological quality measure, is mounting; however, the roles of energy investments in the LCF are largely unknown. Accordingly, this study assesses the impacts of RER, EER, NER, and financial globalization (FIG) on the LCF using data from 1974 to 2018 for Germany. Advanced and reliable time series tests (Augmented ARDL, DOLS, and Fourier causality) are adopted to analyze cointegration, long-run impacts, and causal connections. The outcomes unveil that both green energy and energy efficiency R&D promote the LCF by enhancing ecological quality. However, the positive impact of NER on the LCF is found to be weaker than the impacts of RER and EER. FIG curbs ecological degradation by expanding the LCF. Additionally, the U-shaped connection between economic growth (ECG) and the LCF confirms the load capacity curve. Therefore, policymakers should focus on RER and EER to preserve the environment and promote sustainable growth. (c) 2023 China University of Geosciences (Beijing) and Peking University. Published by Elsevier B.V. on behalf of China University of Geosciences (Beijing). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).Öğe Fintech, natural resources management, green energy transition, and ecological footprint: Empirical insights from EU countries(Elsevier Sci Ltd, 2024) Ahmad, Mahmood; Pata, Ugur Korkut; Ahmed, Zahoor; Zhao, RuiqiThe advent of the Fourth Industrial Revolution has brought forth a significant array of technological advancements. In the contemporary landscape, the financial sector is a notable beneficiary of advancements in technology. However, there exists a pervasive perception of technology as a double-edged sword for the environment. In this context, this study aims to examine the interplay of financial technologies (FinTech), abundance of natural resources, and economic globalization in shaping the trajectory of green energy transition and ecological footprint (EF) in 25 European Union (EU) nations from 1990 to 2020. Moreover, this study investigates the indirect impact of FinTech on EF through the channel of green energy transition. The results indicate that FinTech, economic globalization, and urbanization significantly promote green energy transition, while economic growth negatively impacts green energy transition across these countries. The results further indicate that FinTech significantly curtails EF, while economic globalization, economic growth, and urbanization exacerbate EF. Moreover, the results uncover that FinTech also indirectly hampers EF by facilitating green energy transition. Finally, based on these results, the study suggests practical implications for policymakers in crafting energy transition policies and reducing EF to attain the objectives outlined in the Sustainable Development Goals (SDGs).