The Role of Environmental Regulations, Renewable Energy, and Energy Efficiency in Finding the Path to Green Economic Growth

Energies, Год журнала: 2023, Номер 16(7), С. 3090 - 3090

Опубликована: Март 28, 2023

European Union (EU) countries pay meticulous attention to environmental issues and achieve carbon-free development. In this direction, reducing greenhouse gas emissions extending renewable energy are the primary goals. At same time, price declining efficiency increase countries’ expenditures hinder their capabilities for economic growth. Against backdrop, research aims examine influence of regulations, energy, on green The originality study is twofold: first, it evaluates growth a country, which simultaneously reveals options capability eliminate its negative effect environment by applying Global Malmquist–Luenberger productivity index; second, develops an econometric model based panel data EU 2000–2020 investigate nonlinear impact energies, country’s applies following methodology: system generalized method moments (GMM) analysis. empirical results confirm U-shape, regulations along with gradual in efficiency. addition, findings indicate that crucial furthering regulation has significant role energy. could be used as basis implementing improving policy development these countries.

Язык: Английский

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Greenfield Investment as a Catalyst of Green Economic Growth

Energies, Год журнала: 2023, Номер 16(5), С. 2372 - 2372

Опубликована: Март 1, 2023

The intensification of countries’ growth causes the depletion natural resources, biodiversity degradation, ecological imbalances, damage, and disasters. aggravation issues requires development mechanisms for simultaneous achievement economic, social, goals. energy sector is core direction economic decarbonization. Therefore, green due to extension innovative technologies renewable energies relevant investment that. study aims test hypothesis on impact field growth. object research was countries in European Union (EU) 2006–2020. This applied Malmquist-Luenberger Global Productivity Index estimate It considers resources available production process country (labor, capital, energy), desired outcome (gross domestic product) undesirable results (emissions environment) this process. Tobit model hypothesis. findings confirm spatial heterogeneity among EU countries. asymmetry technological efficiency progress limits efficacy innovations. At same time, obtained data shown that along with investments, openness public governance have a positive effect highlight importance attracting investments increase innovations energy, which boost explored linear direct effects while eliminating transmission other mediating factors. should be noted further analyze nonlinear effect, could caused by variables (corruption, efficiency, innovations, etc.).

Язык: Английский

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The Effects of Urbanisation on Green Growth within Sustainable Development Goals

Land, Год журнала: 2023, Номер 12(2), С. 511 - 511

Опубликована: Фев. 20, 2023

The Green Deal policy and Sustainable Development Goals require that the economic development of a country should be reoriented towards ‘green‘ development. Currently, globalisation intensification production boosts urbanisation in many countries, which may stimulate growth improve citizen well-being, but also lead to excessive consumption resources negative environmental impacts. Against backdrop these challenges, it is expedient estimate effects on green define relevant changes instruments for achieving view urbanisation. research covers EU countries Ukraine (as an official candidate European Union membership) period 2005–2020. Applying Global Malmquist–Luenberger productivity index (to growth); fixed random model, GMM modelling evaluate impact growth), this study aimed contribute theoretical framework by extending input undesirable output parameters country’s productivity. findings revealed that, 2020, as compared 2005, went into decline all analysed, stemmed from accelerated However, industrial structure appeared conducive growth, justifies idea focus implementing structural reforms technological modernisation infrastructure complexes dispose shortcomings caused To compensate impact, prompt set implications concerning dissemination knowledge technologies, project implementation, reinforcement incentive achievement synergistic balance ecological targets underlying SDGs.

Язык: Английский

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Clean and Affordable Energy within Sustainable Development Goals: The Role of Governance Digitalization

Energies, Год журнала: 2022, Номер 15(24), С. 9571 - 9571

Опубликована: Дек. 16, 2022

Achieving sustainable development goals depends on governance effectiveness within the penetration of digital technologies in all spheres and levels. Furthermore, energy sector is a crucial inhibitor that efficacy public services. In this case, paper aims at analyzing impact e-governance achieving goals, particularly affordable clean energy. The object research EU countries period 2013–2019. data are compiled from databases Eurostat, World Data Bank, Sustainable Development Report. study applies following methods: taxonomy method to measure index, fixed effect, random pooled OLS regression model check results outlined leaders (Estonia, Denmark, Finland, Sweden, Latvia, Malta) outsiders (Romania, Croatia, Greece, Bulgaria, Poland) 2019. findings confirm statistically positive extending Thus, improving by 1 point causes growth renewable average 4.4 points. industrial structures’ improvement allows increasing 0.4 trade activization (economic openness) contributes an increase 0.1. democracy level does not have significant for countries. empirical show with high values (Sweden, Austria) achieve highest SDG7 Index Score. countries, digitalization strategic SDG achievement.

Язык: Английский

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Inclusive Economic Growth: Relationship between Energy and Governance Efficiency

Energies, Год журнала: 2023, Номер 16(6), С. 2511 - 2511

Опубликована: Март 7, 2023

The ambitious goal of the European Union (EU) countries is to achieve carbon neutrality by providing inclusive economic growth, which requires development relevant incentives and initiatives. Furthermore, such initiatives should guarantee achievement declared goals. Energy sectors are core determinant growth. Traditional energy resources (coal oriented) have a higher negative impact on nature people’s well-being than social benefits. However, transition renewable raises new issues in achieving goals growth: affordable clean energy, responsible consumption, infrastructure. analysis theoretical framework found that digitalization government could be instrument for handling abovementioned issues. paper aims justify role green growth empirically. study applies following methods: fully modified Ordinary Least Square (OLS) canonical cointegrating regression. findings allow concluding institutional quality passively affects has U-shaped In this case, boost digital transformation public services continuously increase institutions.

Язык: Английский

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Renewable Energy, Knowledge Spillover and Innovation: Capacity of Environmental Regulation

Energies, Год журнала: 2023, Номер 16(3), С. 1117 - 1117

Опубликована: Янв. 19, 2023

The European Union (EU) countries have declared the ambitious goal of providing carbon-free economic development. Considering this, EU are going to pursue relevant policies for a step-by-step refusal mining and coal energy, consequently reducing greenhouse gas emissions. analysis theoretical background showed that renewable energy is core dimension In this case, paper aims justify impact dimensions (knowledge spillover, innovation, environmental regulation) could boost penetration into all sectors levels. following methods applied test hypotheses: stationarity testing in panels; cross-section dependence testing; cointegration estimation heterogeneous parameter models. data obtained from Eurostat, OECD, World Data Bank. object research country period 2010–2020. findings confirm hypothesis on statistically significant innovation knowledge spillover energy. addition, regulation has mediating positive effect interconnections among innovations, should development appropriate regulations, which be effective transparent stakeholders.

Язык: Английский

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Unlocking Sustainable Value through Digital Transformation: An Examination of ESG Performance

Information, Год журнала: 2023, Номер 14(8), С. 444 - 444

Опубликована: Авг. 7, 2023

Digital transformation has already begun to play a significant role in helping EU countries achieve sustainable values by promoting environmental, social and governance (ESG) efficiency. It is rapidly changing the economic landscape, which leads changes all sectors at levels. The European Union (EU) set ambitious goals for development climate change mitigation, such as Green Deal 2030 Agenda Sustainable Development. paper aims test spatial spillover effect of digitalization on ESG performance 2008–2020. study applies Durbin model check research hypothesis. empirical results revealed that exhibits varying levels performance. potential enhance shown effects. SDM estimates 1% increase digital inclusion minimal 0.001% index. statistically positive effects observed key enablers, public services businesses citizens, highlight contribution improving In addition, technological innovation serves critical conduit transmitting business sphere Given these findings, policymakers are advised strengthen efforts narrow divide, leveraging economy potent instrument. Additionally, dynamic targeted strategy should be implemented address disparities effectively.

Язык: Английский

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Spillover Effects of Green Finance on Attaining Sustainable Development: Spatial Durbin Model

Computation, Год журнала: 2023, Номер 11(10), С. 199 - 199

Опубликована: Окт. 5, 2023

Attaining sustainable development goals is a complex process that involves range of economic, social, and environmental factors. It requires investments in infrastructure, technology, human capital. In this case, green finance conducive to channel toward projects initiatives by providing incentives for environmentally friendly practices technologies encouraging companies investors adopt business models. This paper aims check the spatial spillover effect on attaining European Union (EU) countries 2008–2021. The study applies Durbin model explore research hypothesis. findings confirm promotes achievement goals. However, impact heterogeneous depending EU region. should intensify its policy considering regional features significantly affect reducing greenhouse gas emissions, improving energy efficiency, promoting renewable energy. addition, it necessary develop alternative financial sources involving bonds could be used fund projects, building construction, etc.

Язык: Английский

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Environmental Sustainability within Attaining Sustainable Development Goals: The Role of Digitalization and the Transport Sector

Sustainability, Год журнала: 2023, Номер 15(14), С. 11282 - 11282

Опубликована: Июль 20, 2023

Accepting sustainable development goals leads to the reorientation of all sectors at levels. The European Union (EU) actively accepts a vast range policies achieve environmental sustainability due declining carbon dioxide emissions. Within Green Deal Policy, and in particular Fit for 55 packages, EU declared ambitious reduce emissions by least 55% from transport industry 2030 100% 2035. These require introducing appropriate digital technologies into ecologically friendly functioning sector attain development. This paper aims analyzing impact digitalization on providing an effective that functions with minimum degradation. object research is countries period 2006–2020. study applies panel-corrected standard errors technique paper’s aims. findings allow us conclude conducive sustainability. Thus, inclusion, input IT GDP, e-commerce have direct negative statistically significant linear effects Growth enterprises web sales one point decreasing CO2 0.136, 2.289, 0.266, respectively. However, key enablers public services citizens nonlinear, could be basis upgrading incentive reducing

Язык: Английский

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Digitalization Effect on Business Performance: Role of Business Model Innovation

Sustainability, Год журнала: 2023, Номер 15(11), С. 9020 - 9020

Опубликована: Июнь 2, 2023

Digitalization has become a key driver of business innovation in recent years. It provides businesses with new opportunities to innovate and create value. Digital technologies, such as cloud computing, big data analytics, artificial intelligence, have helped boost the development products services, optimize their operations, improve customer engagement. This study aimed analyze impact digitalization on performance within innovation. applied an ordinary least square regression model intermediary explore relationship chain digital capability–business innovation–company performance. The object investigation was 1663 listed A-share companies Shanghai Shenzhen software information technology service sectors. results showed that capabilities could be divided into three dimensions according hierarchical relationship: (1) basic capabilities, (2) operation (3) integration all which significantly positively affected enterprise Furthermore, while corporate performance, it also driven by preceding variables capabilities. Business enhanced positive company’s Considering empirical results, this underlines government should promote skills development, supportive regulatory environments, access funding for innovations, foster partnerships between providers, collaboration businesses, are conducive extending improving

Язык: Английский

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