Analyzing the Effects of Renewable and Nonrenewable Energy Usage and Technological Innovation on Environmental Sustainability: Evidence from QUAD Economies

Abstract

The following study examined how energy use and technological advancement impacted environmental sustainability in QUAD (US, Japan, Australia, and India) economies between 1991 and 2021. The study considers the generation of renewable energy, fossil fuel use, and the effects of economic expansion on environmental sustainability. The research used the moment quantile regression technique based on the outcomes of slope heterogeneity, cross-sectional dependence, and the order of the unit-root by the using second-generation method of cross-sectional augmented Im, Pesaran, and Shin tests. The study discovered that renewable energy production and technological innovation enhances environmental sustainability, whereas the use of nonrenewable energy and economic growth worsen it. When implementing policies regarding the environment, energy, and the growth of QUAD economies based on concrete evidence, policy makers and environmentalists in QUAD countries should also take into account the asymmetrical performance of efficiency in energy production, technological innovation, and economic growth.

Research on the impact of regional integration policy on carbon emissions——Taking the Yangtze River Economic Belt as an example

“…Especially in the absence of appropriate policies and legislation, regional economic cooperation may lead to increased carbon emissions [26], thus jeopardizing the sustainability of the environment. Therefore, technological innovation [27], technology transfer [28], and the widespread use of renewable energy [29] are significant. Based on these findings, we recognize the importance of promoting environmental sustainability through regional integration policies and need to explore more deeply the potential mechanisms of the specific impact of regional integration policies on carbon emissions.…”

Renewable energy adoption and CO2 emissions in G7 economies: In-depth analysis of economic prosperity and trade relations

“…Furthermore, (Raihan et al, 2023) focus on the pressing issue of CO2 emissions in Indonesia, assessing the potential impact of economic growth, RE utilization, technical advancement, and forest cover on emissions from 1990 to 2020. Employing the Dynamic Ordinary Least Squares (DOLS) approach, the study finds that economic development corresponds to a 1.17% increase in CO2 emissions (Imran et al, 2022). Conversely, a 1% rise in RE usage is linked to a 1.40% decrease, technical innovation is associated with a 0.17% decrease, and an augmented forest cover correlates with a 3.94% reduction in CO2 emissions.…”

A Social Resources Perspective of Employee Innovative Behavior and Outcomes: A Moderated Mediation Model

“…Many studies have revealed that innovation can contribute significantly to sustainability by retaining the ecosystem and providing innovative solutions to environmental problems. For example, after reviewing the effects of energy use and technology innovation on environmental sustainability from 1991 to 2021 for the USA, Australia, Japan, and India, Imran et al [6] found that technological innovation enhances environmental sustainability. Open innovation is endorsed by some studies as the right way to develop and deliver more sustainable and marketable products [7,8].…”