Energy Storage, Год журнала: 2024, Номер 6(7)
Опубликована: Окт. 1, 2024
ABSTRACT As a strategy, countries seek ways to improve national income and, at the same time, keep carbon emissions minimal. Such scenario is captured by respective economies' productivity (CP) scores. Remarkably, it expected that technological advancements could be harnessed achieve CP. Hence, many have publicly invested in green technologies R&D, including energy efficiency, renewables, nuclear, hydrogen, and storage. However, existing studies did not verify specific contributions of these advances CP, leaving notable void literature. current research verified various technology R&D Based on panel data from 2003 2022, this study implemented novel instrumental variable quantile regression technique for updated insights. The uncovers heterogeneous each innovation variant distributions effects underscore country's changing economic structures varied implementation paths. policy consistency key driving CP ensuring environmental compatibility. renewable, efficiency contributed most significantly across distributions. hydrogen storage least Therefore, allocating more funds all R&Ds boost energy‐enhancing overall sustainability expedient. proactive integrative policies consistent with SDGs 7 13 would reduce while escalating income. Meanwhile, isolated inconsistent funding should discouraged progress. A robustness evaluation based SIVQR produced corroborative evidence.
Язык: Английский