Sri Lanka's Green Policy Disaster and Investigation of the Green Economy and Human Capital in Sri Lanka

Abstract

This investigation looks at how four important factors in Sri Lanka relate to environmental deterioration from 1985 to 2020: human capital, economic growth, infrastructure investment, and depletion of natural resources. We make use of secondary information gathered from the World Bank, Penn World, and the Global Footprint Network. The ARDL model was used to examine each variable. We discovered that, over time, economic expansion and the development of infrastructure have a positive association with CO2, but human capital and natural resources have a negative relationship with CO2. In order to preserve the environment, human capital plays a crucial role, and infrastructural development is necessary to boost the economy. Human capital investment is the most important thing in improving Sri Lanka's economy.