The recent progress report of Sustainable Development Goals (SDG) 2023 highlighted the extreme reactions of environmental degradation. This report also shows that the current efforts for achieving environmental sustainability (SDG 13) are inadequate and a comprehensive policy agenda is needed. However, the present literature has highlighted several determinants of environmental degradation but the influence of geopolitical risk on environmental quality (EQ) is relatively ignored. To fill this research gap and propose a inclusive policy structure for achieving the sustainable development goals. This study is the earliest attempt that delve into the effects o of geopolitical risk (GPR), financial development (FD), and renewable energy consumption (REC) on load capacity factor (LCF) under the framework of load capacity curve (LCC) hypothesis for selected Asian countries during 1990-2020. In this regard, we use several preliminary sensitivity tests to check the features and reliability of the dataset. Similarly, we use panel quantile regression for investigating long-run relationships. The factual results affirm the existence of the LCC hypothesis in selected Asian countries. Our findings also show that geopolitical risk reduces environmental quality whereas financial development and REC increase environmental quality. Drawing from the empirical findings, this study suggests a holistic policy approach for achieving the targets of SDG 13 (climate change).

Department of Applied Economics 1 University of Castilla La Mancha Spain; Department of Management and Marketing Czech University of Life Sciences Prague Faculty of Economics and Management Prague Czech Republic; UNEC Research Methods Application Center Azerbaijan State University of Economics Istiqlaliyyat Str 6 Baku 1001 Azerbaijan

Department of Business Administration Faculty of Economics and Administrative Science Cyprus International University Nicosia Mersin 10 Turkey; Adnan Kassar School of Business Lebanese American University Beirut Lebanon; University of Tashkent for Applied Sciences Str Gavhar 1 Tashkent 100149 Uzbekistan

Faculty of Economics Thuongmai University Hanoi Viet Nam

International Business School of Shaanxi Normal University Xi'an China

UCSI Graduate Business School UCSI University Kuala Lumpur Malaysia; Advanced Research Centre European University of Lefke Lefke Northern Cyprus TR 10 Mersin Turkey

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