The 7th Issue of the Innovation@UAE Magazine: Sustainability in the UAE

Page 57

NEWS

CREATING GOODS WITH REDUCED CARBON EMISSIONS IS AS IMPORTANT AS DECREASING ENERGY CONSUMPTION While most carbon emission reduction policies turn to decrease energy consumption, researchers Dr. Misbah Sadiq, Professor at the College of Business Administration, at UAE’s Umm Al Quwain University, and Dr. Umar Nawaz Kayani Professor at Al Ain University believe that this alone is not enough, governments and policymakers need to encourage businesses to create goods with reduced carbon emissions. The paper entitled, “Examining the Relationship between Economic Growth, Financial Development, and Carbon Emissions: A Review of the Literature and Scientometric Analysis” while prior research has shown a negative correlation between financial development and green growth; green technology, green businesses, financial systems, and low carbon economic policies can play a positive effect on reducing carbon emissions. The research using the bibliometric technique analyzed ISSUE 7

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