Business Strategy and the Environment, Год журнала: 2025, Номер unknown
Опубликована: Июнь 2, 2025
ABSTRACT The transition to renewable energy sources is imperative for sustainable economic growth (GDP) and environmental resilience. present study examines the impact of policy uncertainty (EPU), geopolitical risk (GPR), financial market (FMU), GDP, trade openness (TRA), environmental, social, governance‐related (ESGU) on (RET) in United States from 2002 2023. utilization nonlinear approaches, namely, kernel‐based regularized least squares (KRLS), Rényi‐based effective transfer entropy (RETE), facilitates revelation heterogeneous relationships causal influences among these factors. empirical findings reveal that ESGU, FMU, EPU, GPR, TRA variables have positive significant effects energy, whereas GDP has a negative effect transition, especially according RETE analysis takes into account outliers interactions. On other hand, average marginal (AME) results assessing conditional mean ESGU FMU transition. These highlight importance reducing fostering stable environments accelerate RET. Our contributes literature by employing advanced methodologies, offering nuanced understanding dynamic interactions influencing adoption. Policy recommendations include enhancing regulatory stability, promoting investments, taking GPR facilitate smoother toward greener economy.
Язык: Английский