Natural Resources Depletion, Energy Crises, Industrial Output, and Environmental Degradation: A Panel Data Analysis

This study aims at investigating into the complex interplay between natural resources depletion, energy crises, industrial output, and environmental degradation in Pakistan, Bangladesh, and India using 30 years of secondary data spanning from 1992 to 2022 and employing statistical techniques, such as Correlation analysis and Pooled Mean Group method to identify short and long-term relationship between variables. The environmental degradation is dependent variable and it is proxied for CO2 emissions, while natural resources depletion, industrial output and energy crisis are independent variables. The electricity consumption is proxied for energy crisis. According to the findings, natural resources depletion negatively influences environmental degradation. Conversely, energy consumption, transmission and distribution losses, urbanization, and industrial output exhibit positive correlations with environmental degradation, underscoring the urgent need for intervention.