Md Monirul Islam

59483283200

Publications - 2

Impacts of nuclear energy, greener energy, and economic progress on the load capacity factor: What we learn from the leading nuclear power economies?

Publication Name: Geoscience Frontiers

Publication Date: 2024-05-01

Volume: 15

Issue: 3

Page Range: Unknown

Description:

The worldwide tremor of environmental degradation commonly represents the escalation of emissions levels and ecological footprints that harm the planet's biocapacity. This is because of using gigantic non-renewable energy resources, urbanization stream and massive economic activities in the major industrialized nations. Amid this situation, we investigate the influence of disaggregated energy measures, e.g., renewable, and nuclear energy, income growth and urbanization on the load capacity factor (biocapacity divided by the ecological footprint) of major nuclear power countries, such as France, the USA, Canada, China, and Russia during 1990–2021. To this end, we utilize the CS-ARDL procedure because of the endogeneity, common correlation, non-stationarity in data and heterogeneity in panel units. We contribute to considering the supply side dynamic of environmental degradation parameter, the load capacity, from the perspective of the top nuclear power nations that deviates our analysis from the prevailing scholarly works. However, our findings confirm a significantly positive impact of renewable and nuclear energy on the load capacity factor in improving environmental safety. Besides, economic growth and urbanization negatively affect the load capacity dynamics in spurring environmental degradation. Our findings are robust across an alternative estimation technique, namely the Dumitrescu and Hurlin (DH) causation analysis. Therefore, we recommend formulating pragmatic policies to deter the detrimental effects of income and urbanization by properly utilizing sustainable energy resources to conserve the natural environment.

Open Access: Yes

DOI: 10.1016/j.gsf.2023.101739

Synergistic dynamics unveiled: Interplay between rare earth prices, clean energy innovations, and tech companies' market resilience amidst the Covid-19 pandemic and Russia-Ukraine conflict

Publication Name: Resources Policy

Publication Date: 2024-02-01

Volume: 89

Issue: Unknown

Page Range: Unknown

Description:

Rare earth elements play a crucial role in supporting low-carbon energy generation technologies, such as electric motors in electric vehicles and the production of wind turbines. Additionally, these elements are utilized in a wide range of products manufactured by tech companies, including smartphones, aerospace components, and microelectronics. This paper aims to investigate the interplay between rare earth element prices (REMX), clean energy innovations (NEX), and the market of tech companies (PSE) from February 2018 to February 2023. To analyze the interdependencies between these markets, the study employs the cross-quantilogram (CQ) and wavelet local multiple correlation (WLMC) techniques. The findings of the investigation reveal a positive correlation between rare earth elements and the clean energy market, but only when both markets are in their respective extreme quantiles (10th and 90th). However, when the clean energy market is in a lower quantile and REMX is in a higher one for an extended period, there is either no significant interdependence or a negative relationship. Furthermore, the study identifies a positive co-movement between PSE and REMX in the short, intermediate, and extremely long-term. However, this relationship turns negative in the long run. The values of the coefficients fluctuate over time, particularly at larger scale periods of 8–16 when using the WLMC procedure. These findings have notable implications for stakeholders, including investors, managers, and policymakers, who are linked to the field of mineral resources and industries reliant on rare earth element-based technologies.

Open Access: Yes

DOI: 10.1016/j.resourpol.2023.104615