The influence of renewable energy and economic freedom aspects on ecological sustainability in the G7 countries

Sustainable Development, Journal Year: 2022, Volume and Issue: 31(2), P. 716 - 727

Published: Sept. 14, 2022

Abstract With the exemption of Canada, G‐7 countries have largely flourished at detriment their ecological sustainability bearing in mind that these countries' remained ecologically deficit for several decades. Given potential effect environmental degradation associated with trend countries, this study attempts to understand contribution renewable energy dimensions through measure efficiency and use alongside evaluating role four main aspects economic freedom. By using empirical tools, findings revealed contribute among a significant mitigation footprint. Importantly, freedom, is, government size, legal system property rights, freedom trade internationally, regulation hampers by increasing The elasticity impact dimension is range 0.19–0.21 1% statistically level. However, population does not show detrimental effect, rather finding improves quality degree. revelations, there are deducible policy take home from study.

Language: Английский

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Greening the Future: Harnessing ICT, Innovation, Eco-Taxes, and Clean Energy for Sustainable Ecology—Insights from Dynamic Seemingly Unrelated Regression, Continuously Updated Fully Modified, and Continuously Updated Bias-Corrected Models

Sustainability, Journal Year: 2023, Volume and Issue: 15(23), P. 16417 - 16417

Published: Nov. 29, 2023

This research endeavors to investigate the impacts of information and communication technology, green technological innovation, environmental tax on attainment ecological sustainability with advanced panel date estimation for 2001–2019. The results this study demonstrate a noteworthy inverse relationship between technology footprint, suggesting that progress in ICT has potential yield positive consequences terms restoration promotion sustainability. Furthermore, underscores significance GTI mitigating carbon emissions effectively addressing challenges. findings indicate incorporation environmentally sustainable can favorable make significant contributions towards worldwide climate targets. Nevertheless, highlights importance considering rebound effects. It imperative ongoing implementation comprehensive policies within realm technology. Moreover, present elucidates ramifications GF sustainability, underscoring its pivotal contribution curtailing emissions, augmenting benchmarks, facilitating footprint. Enhancing utilization finance, making adjustments national regulatory frameworks, achieving harmonization public financial incentives bolster development are important. Additionally, posits ET catalyze businesses individuals embrace friendly energy sources practices, thereby fostering outcomes environment. offers insights into advancing emphasizes need collaborative among academia, industry, government cultivate supportive ecosystem development.

Language: Английский

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Promotion of Sustainable Development in the EU: Social and Economic Drivers

Sustainability, Journal Year: 2023, Volume and Issue: 15(9), P. 7503 - 7503

Published: May 3, 2023

The transition to sustainability is a complex process that requires clear understanding of its drivers and barriers. paper explores the impact different social economic factors on sustainable development as holistic process. research involved data from 27 EU member states during 2012–2020. Hausman specification Breusch Pagan Lagrangian multiplier test were used select proper econometric model, which led use generalized least squares regression with random effects estimate in EU. results suggested corruption has no statistically significant sustainability, whereas freedom increases Sustainable Development Goals (SDG) Index. Our empirical demonstrated GDP per capita inhibits transition, could be case environmental Kuznets curve hypothesis. Unemployment negative development; however, employment science driver. It was unfolded median income life expectancy have positive SDG Following these findings, wide range policy recommendations suggested. They include but are not limited to: ensuring freedom, human capital development, digitalization public services, lifelong education promotion.

Language: Английский

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Stock market development and environmental quality in EU member countries: a dynamic heterogeneous approach

Environment Development and Sustainability, Journal Year: 2022, Volume and Issue: 25(10), P. 11153 - 11187

Published: July 2, 2022

Language: Английский

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RETRACTED ARTICLE: Impact of financial inclusion and globalization on environmental quality: evidence from G20 economies

Environmental Science and Pollution Research, Journal Year: 2022, Volume and Issue: 29(40), P. 61265 - 61276

Published: April 19, 2022

Language: Английский

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Economic Freedom, Education and CO2 Emissions: A Causality Analysis for EU Member States

International Journal of Environmental Research and Public Health, Journal Year: 2022, Volume and Issue: 19(13), P. 8061 - 8061

Published: June 30, 2022

Environmental sustainability is one of three pillars sustainability. However, a significant worldwide deterioration in the environment has been experienced since Industrial Revolution, but efforts to protect date back 1970s. In this context, many economic and non-economic factors underlying environmental degradation have investigated until today, influence freedom indicators education on relatively less analyzed researchers mainly focused institutional variables environment. Therefore, paper investigates reciprocal interplay among indicators, education, EU member states over 2000-2018 term by using causality test with cross-sectional dependency heterogeneity taking research gap into consideration. The analysis indicates that market-oriented structure can be beneficial combatting degradation.

Language: Английский

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The impact of freedom of expression and belief on CO2 emissions: An examination of the group of seven

Journal of Environmental Management, Journal Year: 2024, Volume and Issue: 367, P. 121952 - 121952

Published: July 28, 2024

Language: Английский

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Economic freedom and growth dynamics in Indonesia: an empirical analysis of indicators driving sustainable development

Cogent Economics & Finance, Journal Year: 2024, Volume and Issue: 12(1)

Published: Nov. 29, 2024

This study investigates the contributions of economic freedom indicators to Indonesia's growth from 1995 2022, applying Solow model within both static and dynamic frameworks. Using Robust Least Squares (RLS) methods – such as Dynamic Ordinary (DOLS) Fully Modified (FMOLS) conducting robustness checks with Canonical Cointegration Regression (CCR), analysis confirms that eight out nine particularly business freedom, monetary trade property rights, government integrity, tax burden, investment financial positively influence growth. These findings underscore importance policies enhance minimize intervention, promote investment, encourage competitive markets. The study's insights aim guide Indonesian policymakers in leveraging foster sustainable, long-term

Language: Английский

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Green Technology Innovation, Green Financing, and Economic Growth in G7 Countries: Implications for Environmental Sustainability

Economics, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 27, 2025

Abstract This study examines the relationships among green technology innovation, financing, economic growth, and environmental sustainability in G7 countries using annual data from 1990 to 2022. It uses cross-sectionally augmented autoregressive distributed lag model estimate through two indicators: ecological footprint carbon dioxide (CO2) emissions. The CO2 emissions indicates that financing negatively affects emissions, highlighting need reduce them promote sustainable practices. Conversely, energy consumption real GDP per capita (RGDP) positively impact Green innovation also reduces but its short-term effects may be limited owing initial regulatory challenges. demonstrates that, long term, helps lower footprints of by promoting infrastructure development reducing resource consumption. However, constraints high costs hinder this progress. is essential for achieving long-term sustainability. Energy influences footprint, while RGDP growth increases it. decline policies, technological advancements, effective legislation. These findings underscore importance balanced policies prioritise finance mitigate impacts fostering investments innovation. Additionally, enhancing international cooperation aligning with objectives are crucial prosperity minimising harm.

Language: Английский

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Assessing the Impacts of Economic Complexity and Economic Freedom on the Energy-Induced Environmental Performance: New Evidence from a Panel of EU Countries

Journal of the Knowledge Economy, Journal Year: 2025, Volume and Issue: unknown

Published: March 10, 2025

Language: Английский

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