Current status, prospects, and implications of renewable energy for achieving sustainable development goals in Nepal

Regulations and taxes are considered essential drivers for climate change policies and improving ecological quality. The prior research primarily relies on regulatory or noneconomic measures to ensure ecological sustainability, while the role of marketbased or economic measures in ecological sustainability is yet to be investigated.Hence, realizing the need for policy shift, this study is an effort to determine the dynamics between environmental taxes and ecological sustainability for the period between 1995/Q1 and 2018/Q4 using data of top-seven green economies by employing novel Quantile-on-Quantile (QQ) regression approach. The outcomes from the QQ approach indicate the mixed and asymmetric impact of the environmental taxes on ecological sustainability in sample countries over different quantiles.However, a higher ecological promoting impact is observed at upper-middle quantiles in most of the sample countries. The robustness of the study's results is validated by Quantile Regression (QR) approach and the nonparametric quantile causality test.The study's outcomes provide significant suggestions to formulate policies for helping sample economies to accomplish Sustainable Development Goals (SDGs) 7 and 13 while ensuring ecological sustainability.

Section: Empirical Reviewmentioning

confidence: 71%

“…Hence, it is possible to achieve SDGs for countries utilizing applying environmental taxes (Lohani et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Dynamics between environmental taxes and ecological sustainability: Evidence from top‐seven green economies by novel quantile approaches

Ullah

Luo

Adebayo

et al. 2022

“…These studies can be divided into the following branches. The first branch focuses on the impact of the development and utilization of green energy on carbon emissions, including photovoltaic, wind power, hydrogen energy and other clean energy (Lohani et al, 2022; Saboori & Mehrjerdi, 2022); The second branch studies the impact of energy conservation and emission abatement technologies on carbon emission, such as CCUS. (Li et al, 2016; Smith et al, 2016); The third branch investigates the effects of environmental policy instruments, such as carbon taxes, carbon emissions trading, subsidies, and so forth.…”

Section: Literature Reviewmentioning

confidence: 99%

Fresh insights for sustainable development: Collaborative governance of carbon emissions based on social network analysis

Wen

et al. 2023

Global climate change caused by carbon emissions has brought severe challenges to the sustainable development of global economy. In this context, this study constructs a weighted and directed carbon emission network for the European Union (EU). We use social network analysis to measure the indicators of the structural characteristics of the EU carbon emission network, and employ cluster analysis to investigate the role of countries in the carbon emission network. Furthermore, we use linear regression to explore the impacts of structural characteristics of carbon emission network on carbon emissions. The results show that, first the carbon emissions ties among the EU countries show a typical network structure during the sample period. Countries such as Germany, France, and Belgium are at the center of the carbon emission network, while Malta, Cyprus, and Croatia are at the edge. Second, different countries play the roles of "net spillover," "broker," "two-way spillover," and "net receiver" in the EU carbon emission network. Last, the increase of network density, the decrease of network hierarchy and the decrease of network efficiency all significantly reduce the carbon emission intensity of the EU, and narrow the spatial difference of carbon emissions among countries. Improving the weighted centrality indicators of nodes in the carbon emission network is helpful to reduce the carbon emission intensity of the EU countries. Based on the findings, this article puts forward policy suggestions for the collaborative governance of EU carbon emission abatement.

“…Global efforts to achieve the sustainable development agenda are challenged by several factors, among which is the persistent increase in environmental degradation. To address this issue, renewable energy is increasingly regarded as essential to reducing greenhouse gas emissions and mitigating climate change (Fotis & Polemis, 2018; Kuriqi et al, 2019; Lohani et al, 2022; Lu et al, 2020; Mazzucato & Semieniuk, 2018; Tabrizian, 2019). An increase in renewable energy consumption can foster energy security, sustainable economic development, and economic growth (Alper & Oguz, 2016; Destek, 2016; Destek & Aslan, 2017; Ojong, 2022a; Okumus et al, 2021; Rafindadi & Ozturk, 2017a).…”

Section: Introductionmentioning

confidence: 99%

Natural resources, renewable energy, and governance: A path towards sustainable development

Nchofoung

Ojöng

2022

Based on data for 48 African countries for the period 2000–2020, we analyse the effects of natural resources on renewable energy development and the mediating effects of governance on that relationship. For this purpose, the Ordinary Least Squares method was used to develop a baseline regression model, and the Generalized Method of Moments (GMM) approach was used for the dynamic model regression. Quantile regression was used for robustness checking across the various distributions of renewable energy. First, we find that natural resources enhance renewable energy development in Africa and that the results are robust across alternative specifications of natural resources and governance, except for forest resources, which have a negative effect on renewable energy development. When robustness is checked through a quantile regression analysis, the results show that the positive effect depends on the conditional distribution of natural resources and the type of natural resource under consideration. The negative effect of total natural resources becomes weaker as we move towards higher quantiles. Second, governance interacts with natural resource rents to generate positive effects across different governance specifications and natural resources, except for coal rent. We thereby derive some relevant implications for renewable energy financing in the Global South.