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Assessing the effect of real estate market and renewable energy on environmental quality in Belgium
OPEC Energy Review Pub Date : 2023-03-24 , DOI: 10.1111/opec.12276
Ahmed Samour 1 , Joshua Chukwuma Onwe 2, 3 , Nasiru Inuwa 4 , Muhammad Imran 5 , Innocent Abanum Ifelunini 6, 7 , Obonetse Fulu 8
Affiliation  

The current research aims to study the influence of the real estate market and renewable energy on ecological quality in Belgium from 1990 to 2018. The recent study is quite different from the previous empirical literature on environmental quality; it introduces a new discourse on the determinant of environmental quality followed by Belgium's real estate market. This work employed a more robust and advanced econometric technique, that is, the ARDL bootstrap method, to estimate the relationship between the study variables. The empirical findings from the ARDL stimulation revealed that real estate negatively impacts environmental quality in Belgium in the short and long-run periods. The policy implications emanating from the findings suggest that the real estate sector can significantly promote environmental quality by adopting and using renewable energy in construction, design, and buildings. Subsequently, this will reduce waste, energy and carbon emissions within the environment and prioritise using safer and sustainable green-enabled material for real estate development. Again to ensure regulation in the real estate market so that tax revenue generated through real estate would be channelled towards building clean and smart cities, also, ecological and regulatory control should be enforced in the real estate market to foresee the possible reduction in environmental pollution through pollution, this measure will guarantee a green real estate investment that will lead to a sustained environment.

中文翻译:

评估比利时房地产市场和可再生能源对环境质量的影响

本研究旨在研究1990年至2018年比利时房地产市场和可再生能源对生态质量的影响。近期的研究与之前关于环境质量的实证文献有很大不同;它引入了关于比利时房地产市场之后的环境质量决定因素的新论述。这项工作采用了一种更稳健、更先进的计量经济学技术,即 ARDL bootstrap 方法来估计研究变量之间的关系。ARDL 刺激的实证结果表明,房地产在短期和长期内都会对比利时的环境质量产生负面影响。研究结果得出的政策含义表明,房地产行业可以通过在建筑、设计和建筑中采用和使用可再生能源来显着提高环境质量。随后,这将减少环境中的废物、能源和碳排放,并优先使用更安全、可持续的绿色材料进行房地产开发。再次,要确保房地产市场的调控,使房地产产生的税收收入用于建设清洁智慧城市,同时,要对房地产市场进行生态和监管控制,以预见通过房地产可能减少环境污染。污染,这一措施将保证绿色房地产投资,从而带来可持续的环境。设计、建筑。随后,这将减少环境中的废物、能源和碳排放,并优先使用更安全、可持续的绿色材料进行房地产开发。再次,要确保房地产市场的调控,使房地产产生的税收收入用于建设清洁智慧城市,同时,要对房地产市场进行生态和监管控制,以预见通过房地产可能减少环境污染。污染,这一措施将保证绿色房地产投资,从而带来可持续的环境。设计、建筑。随后,这将减少环境中的废物、能源和碳排放,并优先使用更安全、可持续的绿色材料进行房地产开发。再次,要确保房地产市场的调控,使房地产产生的税收收入用于建设清洁智慧城市,同时,要对房地产市场进行生态和监管控制,以预见通过房地产可能减少环境污染。污染,这一措施将保证绿色房地产投资,从而带来可持续的环境。
更新日期:2023-03-24
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