Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2023.2177698
Does economic policy uncertainty, energy transition and ecological innovation affect environmental degradation in the United States?
Min Zhang
Kashif Raza Abbasi
Nasiru Inuwa
Crenguta Ileana Sinisi
Rafael Alvarado
Ilknur Ozturk
Sažetak
Climate change traps heat, affecting a variety of species in already
dry areas. Severe storms, earthquakes, plagues, and food delivery
problems are all exacerbated by climate change caused by emissions
of greenhouse gases. The United States, the world’s largest
economy and second-largest carbon emitter is expertly planning
to reduce its environmental difficulties and help the accomplishment
of the United Nations Sustainable Development Goals
(SDGs) 7 and 13. Given that, the study explores the renewable
energy transition, ecological innovation, economic policy uncertainty,
and globalization from 1990 to 2019 by using novel econometric
approaches augmented ARDL and gradual shift causality.
The results show that variables are cointegrated, particularly in
the long and short term; renewable energy transition and economic
policy uncertainty reduce carbon emissions, while ecological
innovation contributes to long-run depletion in CO2
emission. Globalization significantly accelerates emissions in the
long and short term. Furthermore, gradual shift causation reveals
that renewable energy transition and globalization are unidirectional,
but economic policy uncertainty is bidirectional. Finally, the
conclusion implies that transitioning from fossil to renewable
energy, adequate use of technology, efficient management of policy
uncertainties and globalization may contribute to the United
States meeting SDGs 7 and 13.
Ključne riječi
Renewable energy transition; ecological innovation; economic policy uncertainty
Hrčak ID:
306850
URI
Datum izdavanja:
30.4.2023.
Posjeta: 292 *