Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2140306
Energy efficiency, carbon neutrality and technological innovation: a strategic move towards green economy
Syed Abdul Rehman Khan
Zhang Yu
Ibrahim Lanre Ridwan
Ateeq ur Rehman Irshad
Pablo Ponce
Muhammad Tanveer
Sažetak
Through a production process based on low carbon emissions,
achieving sustainable development is the desired goal of the various
social and political actors around the world. However, achieving this
requires energy policies focused on the factors that determine green
economic growth (GEG). Consequently, the current study investigates
the long-run nexus between GEG and some factors that determine
its behaviour using annual data from 1990 to 2020 for the
Organization for Economic Co-operation and Development. The
empirical evidence relies on second-generation estimators comprising
cross-sectional dependence tests, Westerlund tests, and method
of moment quantile regression. Feedbacks from the empirical analyses
uncover the pertinence of energy efficiency, renewable energy,
and technology as positive predictors of GEG. Complementarily, the
findings reveal that the Integrity of the Government plays an essential
role in implementing more efficient and environmentally friendly
production processes. From the results found, several policy suggestions
are derived from being considered to develop an energy policy
aimed atmitigating environmental degradation
Ključne riječi
Carbon neutrality; sustainable practices; green economic growth; sustainable development; technological innovation
Hrčak ID:
306714
URI
Datum izdavanja:
30.4.2023.
Posjeta: 1.552 *