ECONOMIC AND FINANCIAL FACTORS EFFECTING ECOLOGICAL FOOTPRINTS AND C02 EMISSION: A CASE OF PAKISTAN

Abstract

Purpose The objective of this study is to observe the effect Foreign Direct Investment (FDI), Export, natural deposits (NR) and economic growth (GDP) have on ecological footprints (EF) and C02 respectively using multiple regression model. Environmental degradation is becoming a diseases and poor surroundings. (Rayner, global threat leading to health problems, 1997). Developed nations are complying with the standards but unfortunately, developing economies have no concern towards this serious matter, therefore conducting this research in severe developing economy like Pakistan can highlight the significance and give an insight on control and contribute towards the optimization of ecofriendly environment. The environment, that can facilitate how to research investigates the effect economic factors has on researcher and academician to gain knowledge on the alarming global concern and take counteractive steps to sustain and control the exploitation of atmosphere and natural deposits. falls under ecological deficits (100%-150%), consuming additional capitals as can renew. C02 emission causes environmental Pakistan compared to the capacity their ecosystems degradation and is considered an important indicator to measure the ecological deprivation. the environmental composition of C02 and further Experts suggest it is probable in case supposed greenhouse gases (GHGs) remains escalating, the world’s temperature may turn out to be warmer (Richard Schmalensee, 1998). . The energy sector or industry includes the exploration and development of oil or gas reserves, oil and gas companies involved in drilling, and refining. Oil and gas exploration received FDI of 570 million US$ and contributes 46 percent to overall emission (Greenhouse Gas Emissions Factsheet: Pakistan, 2016).