How Solar, Wind, and Biomass Energy Create Sustainable Pathways Towards Green Economic Growth? Insights From the Top Five Global Renewable Energy Economies

Sustainable Development, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 10, 2025

ABSTRACT The global transition towards cleaner energy such as solar, wind and biomass play a crucial role in mitigating environmental damage fostering green economic growth. This study explores the impact of on growth top five renewable energy‐consuming economies, namely China, United States, Germany, India Brazil based data from 1995 to 2022. To empirically analyze results robustness our findings, we employ fully modified least squares (FMOLS) dynamic (DOLS) methods respectively. We find that significantly contribute Furthermore, it emerges solar has highest positive statistically significant effect growth, followed by energy. policy recommendations are establish an integrated network, increase investments research development focus international cooperation for efficient utilization resources. presents policymakers how they can support economy achievement sustainable goals.

Language: Английский

Does Renewable Energy Facilitsate the Achievement of COP‐28 Goals? Evidence From the World's Top Climate Laggard Economies

Sustainable Development, Journal Year: 2025, Volume and Issue: unknown

Published: March 16, 2025

ABSTRACT The world's energy systems have been critical in the face of growing threat climate change. transition progress proved unsuccessful at COP27, while COP28 provided an opportunity to question whether need a revolution avoid disasters and attain carbon neutrality goals. In this regard, present study aims explore structural changes sector can help nations achieve neutrality. For purpose, we empirically analyze impact both non‐renewable renewable sources on CO 2 emissions intensity energy. Specifically, targeted top five climate‐laggard economies—that is, New Zealand, Australia, Philippines, Mexico, Indonesia—which are making efforts toward but lagging race due their high reliance fossil fuels total mix. We employed Cross‐Sectionally Augmented Auto‐Regressive Distributed Lag (CS‐ARDL) model data collected from 1990 2022 examine findings empirically. research showed that likely lead higher intensity. On other hand, negatively affects Thus, results obtained indicate adoption plays crucial role for countries intending goals set advance

Language: Английский

Achieving net zero in Africa: Can crowdfunding propel green technological innovation and renewable energy adoption?

Journal of Environmental Management, Journal Year: 2025, Volume and Issue: 380, P. 125037 - 125037

Published: March 31, 2025

Language: Английский