Do green innovation and financial globalization contribute to the ecological sustainability and energy transition in the United Kingdom? Policy insights from a bootstrap rolling window approach

Sustainable Development, Год журнала: 2022, Номер 31(1), С. 393 - 414

Опубликована: Сен. 15, 2022

Abstract Environmental sustainability and energy transition, especially the renewable have become critical concerns of nations throughout world in recent decades. The sustainable eco‐friendly technologies led to more methodologies, substantial stewardship our natural resources, conversion sources, all which been demonstrated benefit environment significantly. However, prior studies overlooked ecological transition effects green technology innovation. Therefore, this study endeavored investigate role innovation (lnGRN) financial globalization (lnFIG) on (lnEFT) (lnENT) United Kingdom using quarterly data for period from 1995 2020. applied time‐varying (bootstrapping) rolling window technique, can retrieve casual associations among variables at different periods sub‐samples. Besides this, method is advantageous addressing non‐consistency parameters eliminating pre‐test distortion. novel Bootstrap Rolling‐Window full‐sample causality technique results demonstrate that lnGRN lnFIG unidirectional toward lnEFT lnENT. Furthermore, bootstrap rolling‐window subsamples final stage indicate mitigate lnEFT, whereas lnGDP enhance transition. On other hand, lnETX contribute environmental deterioration, while hinders Several important policy implications are derived encourage globalization, technologies, resources consumption, taxes.

Язык: Английский

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The potency of resource efficiency and environmental technologies in carbon neutrality target for Finland

Journal of Cleaner Production, Год журнала: 2023, Номер 389, С. 136127 - 136127

Опубликована: Янв. 19, 2023

Motivated by Finland's ambitious transition to circular economy through the reduction of consumable non-renewable resources and carbon neutral 2035, this study employs Fourier approaches stationarity, cointegration, causality alongside long-run estimators fully modified dynamic least squares examine environmental aspects resource productivity, environmental-related technologies, export intensity over period 1990–2020. Interestingly, given two estimators, result established that a percent increase in raw material productivity yields decline greenhouse gas emission range 61–70 percent. Additionally, there is desirable statistically significant impact technologies on with an elasticity 0.16–0.18 long-run. While activities does not constitute impact, economic growth as measured Gross Domestic product (GDP) significantly hampers sustainability Moreover, approach including Toda Yamamoto offers strong inference along insinuation results for all examined factors. Given observation, relevant policy measures were highlighted further guide decision makers Finland pursuit zero target.

Язык: Английский

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Achieving carbon neutrality in post COP26 in BRICS, MINT, and G7 economies: The role of financial development and governance indicators

Journal of Cleaner Production, Год журнала: 2023, Номер 387, С. 135853 - 135853

Опубликована: Янв. 3, 2023

Pledges and commitments from governments of wealthy nations were made at the COP26 Glasgow summit, thereby rejuvenating hope among to confront climate change challenge. Thus, study examines complementarity financial development carbon emissions, while accounting for conditional influence good governance under three disaggregated indicators – economic, institutional, political BRICS, MINT, G7 economies. First, reveals that depending on adopted indicator has mixed effects environmental pollution levels. Specifically, triggers highest effect via domestic credit private sector compared foreign direct investments, index reduces pollution. Secondly, economic promotes quality by reducing through regulation. Third, institutional weaker rule laws induces pollution, control corruption antagonizes Furthermore, only voice accountability supports pollution-mitigating governance. On a bloc-to-bloc comparative analysis, effectiveness in all blocs albeit different magnitudes exerts significant desirable impact countries. Lastly, renewable energy trade liberalization negative positive degradation respectively.

Язык: Английский

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Can nuclear energy technology budgets pave the way for a transition toward low‐carbon economy: Insights from the United Kingdom

Sustainable Development, Год журнала: 2022, Номер 31(1), С. 198 - 210

Опубликована: Авг. 11, 2022

Abstract The energy resources of the economies play a critical role in reaching 2030 and 2050 decarbonization targets. In this respect, research development budgets for nuclear (NRD), which constitutes one‐fifth current United Kingdom, can be step transition to low‐carbon economy. However, literature neglects impact NRD on environmental quality Kingdom. Thus, paper explores CO 2 Kingdom by controlling income, trade openness, financial from 1974 2020 with non‐linear autoregressive distributed lag (NARDL) approach. Empirical findings confirm asymmetrical relationship between . context, while positive changes reduce degradation, negative hinder sustainability. Another finding is that Kuznets curve (EKC) hypothesis valid. Furthermore, results show economic growth openness quality, contributes quality. Considering these findings, deepening activities should continue More allocated

Язык: Английский

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Environmental quality and energy transition prospects for G-7 economies: The prominence of environment-related ICT innovations, financial and human development

Journal of Environmental Management, Год журнала: 2023, Номер 342, С. 118120 - 118120

Опубликована: Май 12, 2023

Язык: Английский

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Dynamics between environmental taxes and ecological sustainability: Evidence from top‐seven green economies by novel quantile approaches

Sustainable Development, Год журнала: 2022, Номер 31(2), С. 825 - 839

Опубликована: Окт. 7, 2022

Abstract Regulations and taxes are considered essential drivers for climate change policies improving ecological quality. The prior research primarily relies on regulatory or non‐economic measures to ensure sustainability, while the role of market‐based economic in sustainability is yet be investigated. Hence, realizing need policy shift, this study an effort determine dynamics between environmental period 1995/Q1 2018/Q4 using data top‐seven green economies by employing novel Quantile‐on‐Quantile (QQ) regression approach. outcomes from QQ approach indicate mixed asymmetric impact sample countries over different quantiles. However, a higher promoting observed at upper‐middle quantiles most countries. robustness study's results validated Quantile Regression (QR) nonparametric quantile causality test. provide significant suggestions formulate helping accomplish Sustainable Development Goals (SDGs) 7 13 ensuring sustainability.

Язык: Английский

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Environmental perspectives on the impacts of trade and natural resources on renewable energy utilization in Sub-Sahara Africa: Accounting for FDI, income, and urbanization trends

Resources Policy, Год журнала: 2022, Номер 80, С. 103204 - 103204

Опубликована: Дек. 7, 2022

Язык: Английский

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The race to net-zero emissions: Can green technological innovation and environmental regulation be the potential pathway to net-zero emissions?

Technology in Society, Год журнала: 2023, Номер 75, С. 102364 - 102364

Опубликована: Сен. 12, 2023

Язык: Английский

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Leveraging environmental ICT for carbon neutrality: Analyzing the impact of financial development, renewable energy and human capital in top polluting economies

Gondwana Research, Год журнала: 2023, Номер 126, С. 305 - 320

Опубликована: Окт. 20, 2023

Язык: Английский

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Environmental impacts of energy indicators on ecological footprints of oil-exporting African countries: Perspectives on fossil resources abundance amidst sustainable development quests

Resources Policy, Год журнала: 2023, Номер 82, С. 103481 - 103481

Опубликована: Март 15, 2023

Язык: Английский

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