The synergy of renewable energy consumption, green technology, and environmental quality: Designing sustainable development goals policies

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F24%3A101601" target="_blank" >RIV/60460709:41110/24:101601 - isvavai.cz</a>

Výsledek na webu

<a href="https://onlinelibrary.wiley.com/doi/epdf/10.1111/1477-8947.12577" target="_blank" >https://onlinelibrary.wiley.com/doi/epdf/10.1111/1477-8947.12577</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1111/1477-8947.12577" target="_blank" >10.1111/1477-8947.12577</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The synergy of renewable energy consumption, green technology, and environmental quality: Designing sustainable development goals policies

Popis výsledku v původním jazyce

Green technology (GT) and the utilization of renewable energy (RE) are widely acknowledged as a catalyst for energy efficiency, economic growth, and a tool for combating environmental degradation. Although various studies have examined the ecological repercussions of these two improvements, they have primarily used traditional pollution indicators (namely, carbon emissions and ecological footprint) and ignored nations with the highest cleaner energy adoption. To bridge this gap, the present research seeks to analyze the relationship between GT, RE consumption, economic growth, trade, and load capacity factor in the top-10 renewable economies. In addition to environmental pollution indicators, the study utilizes the load capacity factor as a novel proxy for environmental quality and investigates the load capacity curve hypothesis using the Cross-sectional-autoregressive distributed lag model from 1990 to 2021. According to the empirical findings, all explanatory variables have a significant long-term effect on the load capacity. More precisely, GT and RE consumption contribute to the sustainability of the ecosystem, while trade increases the ecological deficit. Furthermore, the findings do not support the validity of the load capacity curve hypothesis, implying that the environmental restorative benefits of economic well-being may not manifest in the latter stages of economic growth. Given these findings, policymakers in the top-10 renewable economies should seize the environmental prospects offered by GT and RE and update trade and growth policies in a way that promotes biocapacity while simultaneously reducing the ecological footprint to reach the long-term sustainable development goals (SDGs), particularly SDGs 7 and 13.

Název v anglickém jazyce

The synergy of renewable energy consumption, green technology, and environmental quality: Designing sustainable development goals policies

Popis výsledku anglicky

Green technology (GT) and the utilization of renewable energy (RE) are widely acknowledged as a catalyst for energy efficiency, economic growth, and a tool for combating environmental degradation. Although various studies have examined the ecological repercussions of these two improvements, they have primarily used traditional pollution indicators (namely, carbon emissions and ecological footprint) and ignored nations with the highest cleaner energy adoption. To bridge this gap, the present research seeks to analyze the relationship between GT, RE consumption, economic growth, trade, and load capacity factor in the top-10 renewable economies. In addition to environmental pollution indicators, the study utilizes the load capacity factor as a novel proxy for environmental quality and investigates the load capacity curve hypothesis using the Cross-sectional-autoregressive distributed lag model from 1990 to 2021. According to the empirical findings, all explanatory variables have a significant long-term effect on the load capacity. More precisely, GT and RE consumption contribute to the sustainability of the ecosystem, while trade increases the ecological deficit. Furthermore, the findings do not support the validity of the load capacity curve hypothesis, implying that the environmental restorative benefits of economic well-being may not manifest in the latter stages of economic growth. Given these findings, policymakers in the top-10 renewable economies should seize the environmental prospects offered by GT and RE and update trade and growth policies in a way that promotes biocapacity while simultaneously reducing the ecological footprint to reach the long-term sustainable development goals (SDGs), particularly SDGs 7 and 13.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

NATURAL RESOURCES FORUM

ISSN

0165-0203

e-ISSN

0165-0203

Svazek periodika

x

Číslo periodika v rámci svazku

2024

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

18

Strana od-do

1-18

Kód UT WoS článku

001342090800001

EID výsledku v databázi Scopus

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