Globalization and environmental sustainability in Ethiopia: Assessing the impact of economic factors and resource management

The globalization-environmental sustainability linkage has become a topic of interest in sustainable development. This study examines the impact of globalization, natural resource rent, and renewable energy consumption on Ethiopia's ecological sustainability. The study employed an autoregressive distributed lag (ARDL) and dynamic ARDL model using time series data from 1971 to 2018. Findings of the study show that factors such as urbanization, renewable energy consumption, political globalization, and natural resource rents contribute to an upsurge in the ecological footprint, indicating environmental strain. Conversely, the ecological footprint is mitigated by economic globalization, suggesting the potential to slow down environmental deterioration. These findings emphasize the importance of implementing strategies and plans to manage resources. Considering renewable energy sources is essential for supporting technological advancements and promoting sustainable practices. These actions are essential to regulate the impact of globalization and foster sustainable development.