Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2021.1962383
Investigating the role of environmental taxes and regulations for renewable energy consumption: evidence from developed economies
Muhammad Farhan Bashir
Benjiang MA
Muhammad Adnan Bashir
Magdalena Radulescu
Umer Shahzad
Sažetak
The current study aims to explore the role of environmental taxes
and regulations for the renewable energy consumption, focusing
on reporting policy suggestions to overcome climate change
issues and achieve environmental sustainability. The main objective of this paper is to examine the relation between renewable
energy, environmental taxes, environmental technologies, and
environmental regulations in 29 OECD countries during
1996–2018. More precisely, we inspect the impact of the environmental regulations and environmental technologies on the
renewable energy consumption. The authors employ CIPS and
CADF unit root tests, panel Westerlund co-integration test,
FMOLS, and Quantile regression methods for the econometric
analysis. The econometric analysis suggests that the environmental regulations impede the renewable energy consumption in
OECD economies. The study suggests that environmental policy
initiatives should focus on implementing environmental strategies
to inspire cohesiveness between environmental regulations and
the development of environmental technologies in order to promote the renewables industry in the developed countries.
Ključne riječi
Environmental taxes; environmental technology; renewable energy consumption; financial development; OECD countries; panel quantile regression
Hrčak ID:
302042
URI
Datum izdavanja:
31.3.2023.
Posjeta: 897 *