Original scientific paper
https://doi.org/10.1080/1331677X.2022.2026240
Achieving green environment targets in the world’s top 10 emitter countries: the role of green innovations and renewable electricity production
Wen Jun
Nafeesa Mughal
Prabjot Kaur
Zhaopeng Xing
Vipin Jain
Phan The Cong
Abstract
The rapid pace of industrialisation and economic development in
recent decades is not without its environmental consequences.
Electricity production, though an important determinant of economic development, remained under studied in the existing literature and only a few models on the electricity productionenvironmental degradation nexus are available. As a first attempt,
this study examines the impact of renewable and non-renewable
electricity generation and eco-innovations on CO2 emissions in the
world’s top emitting countries under the umbrella of the
Environmental Kuznets Curve (E.K.C.) Hypothesis. Second-generation panel data techniques, i.e., C.I.P.S. and Bai and Carrion-ISilvestre (2009) unit root tests, Westerlund and Edgerton (2008)
and Banerjee and Carrion-i-Silvestre (2017) cointegration techniques and Cross-Sectionally Augmented Distributed Lag Model for
short and long run coefficient estimations have been employed in
the study. It is found that renewable electricity production and
eco-innovations have negative effects, whereas non-renewable
electricity production has positive effect on CO2 emission.
Moreover, the estimation demonstrated the E.K.C. validation in
these countries. It is recommended that fossil fuel dependency in
the electricity sector should be reduced by devising policies
directed towards green electricity measures. More investment in
green innovations to achieve green environment and sustainable
growth is also recommended by the study.
Keywords
green innovations; renewable electricity production; non-renewable electricity production; CO2 emission; top emitter countries
Hrčak ID:
302847
URI
Publication date:
31.3.2023.
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