The Nexus of Energy, Green Economy, Blue Economy, and Carbon Neutrality Targets
Suleman SarwarFinance and Economics Department, University of Jeddah, Jeddah 21959, Saudi ArabiaRida WaheedFinance and Economics Department, College of Business, University of Jeddah, Jeddah 23445, Saudi ArabiaGhazala AzizDepartment of Business Administration, College of Administrative and Financial Sciences, Saudi Electronic University, Jeddah 23442, Saudi ArabiaSimona Andreea ApostuDepartment of Statistics and Econometrics, Bucharest University of Economic Studies, 010552 Bucharest, Romania
2022en
ABI
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The aim of current study is to investigate the significance of green and blue economic activities to mitigate the carbon emission in Saudi Arabia. We use the time series data which covers the period from 1990 to 2019. For empirical estimations, we use nonlinear ARDL approach which confirms that energy indicators and blue economic indicators are not mature enough to achieve carbon neutrality objectives. However, after Vision 2030 empirics, positive shocks in green indicators are turning down the carbon level. The findings of energy and blue indicators are useful for policy recommendations which help to achieve the sustainable environmental goals of Vision 2030.
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