The loss of biodiversity has profound implications for nature’s contributions to people and their health. This study intends to examine the factors responsible for biodiversity loss as well as the coping mechanisms to address this crisis in the context of 35 European economies covering the 2009–2018 period. The study utilises both the static and dynamic panel estimation techniques to examine the above issue. Specifically, the study applied Driscoll and Kraay (1998a), Driscoll and Kraay (Rev Econ Stat 80:549-560, 1998b) and Panel Corrected Standard Approach (PCSE) for the static panel models. As for dynamic panel models, the study employs linear dynamic panel model by Arrelano and Bond (Rev Econ Stud 58:277-297, 1991) and Arrelano and Bover (J Econom 68:29-51, 1995)/Blundell and Bond (J Econom 87:115-143, 1998) system generalised methods of moments (GMM). Morandeover for robustness purposes, fixed and random effect models are also applied. The findings indicate that renewable energy use increases biodiversity crisis whereas organic farming is beneficial for biodiversity preservation in Europe. Corruption and gender gap were found to increase the biodiversity crisis. The evidence also suggests a positive and significant effect of forest area, e-governance and social progress on biodiversity. Finally, the study provides insightful implications for stakeholders and practitioners associated with energy and biodiversity conservation in Europe.
The Roles of Organic Farming, Renewable Energy and Corruption on Biodiversity Crisis: A European Perspective
Year: 2022
