Imperative Individual Effect of Resource Rents Towards Environmental Sustainability in Southeast Asian Economies

Abstract

The aim of existing research is to analyze both the overall and specific impressions of natural resource rents on ecological damage within Southeast Asian countries. The study intentions to assess the inverted U-shaped foundation within the context of economically developing nations in Southeast Asia. The experiential findings from FM-OLS and D-OLS indicate that the initial phase of U shape EKC is supported by economic growth and carbon gas releases positive relationship over the long term. Nonetheless, the opposing impression of squared form of growth on carbon gas releases illustrates the inverted U formed premise of EKC in unindustrialized Southeast Asian markets. Simultaneously, consumption of renewable energy paradoxically undermines environmental cleanliness due to its favorable bearing on carbon gas releases. At the level of individual natural resources, coal rent positively influences carbon gas releases. Further, forest plus oil rentals subsidize to the lessening of carbon gas releases. Nonetheless, forest resource rents represent the most significant environmentally sustainable indicator. This suggests that the growth rate of emerging economies is boosted by forest rentals, which also perform a starring role in mitigating damage to the environment. The overall level of natural resources, along with the aggregate of resource rentals, has a optimistic control on atmospheric carbon dioxide secretions and contributes to environmental degradation over time.