Energy productivity and environmental deregulation: the case of Greece

Oyebanji, Modupe Oluyemisi; Kırıkkaleli, Derviş

doi:10.1007/s11356-022-21590-3

Cited by 28 publications

(15 citation statements)

References 53 publications

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“…This finding implies that economic growth contributes to CCO 2 E in the long run. This outcome aligns with prior studies such as Adebayo et al (2022), Ojekemi et al (2022), Kirikkaleli, Castanho, et al (2022), Oyebanji and Kirikkaleli (2022), and Du et al (2022), all of which found that GDP increases CCO 2 E. This nonlinear interaction between GDP and CCO 2 E reveals that the objective of economic growth, in the long run, compromises the quality of the environment. This confirms the concern about the trade‐off between growth and environment in Denmark, given that the country is strongly a petroleum‐dependent economy.…”

Section: Empirical Findingssupporting

confidence: 90%

“…A sustainable development goal is one of many desirable goals in the modern era, both in developed and developing countries. A number of studies have examined how various factors such as international trade, renewable energy supplies, technology innovation, and partnerships between the public and private sectors impact CO 2 emissions (Kirikkaleli, Güngör, et al, 2022; Oyebanji & Kirikkaleli, 2022; Yuping et al, 2021).…”

Section: Synopsis Of Related Literaturementioning

confidence: 99%

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Consumption‐based CO₂ emissions in Denmark: The role of financial stability and energy productivity

Oyebanji

Kırıkkaleli

Ayobamiji³

2023

Integr Envir Assess & Manag

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Climate change can be mitigated and policies can be catalyzed with the aid of financial institutions. By maintaining and strengthening financial stability, the financial sector's resilience could help mitigate climate‐related risks and uncertainties. Hence, an empirical investigation on the effect of financial stability on consumption‐based CO2 emissions (CCO2E) in Denmark is long overdue. This study investigates the financial risk‐emissions relationship in the presence of energy productivity, energy consumption, and economic growth in Denmark. Furthermore, by adopting an asymmetric approach to analyze the time series data for the period between 1995 and 2018, this study helps bridge this major gap in the literature. By adopting the nonlinear autoregressive distributed lag approach (NARDL), we discovered that the positive variation in financial stability causes a reduction in CCO2E, but the neutral connection was reported between the negative shock in financial stability and CCO2E. The positive shock in economic growth and energy consumption intensifies CCO2E; however, a neutral interaction exists between the negative shock in economic growth and CCO2E. The negative shock in energy consumption has a positive effect on CCO2E, indicating a mitigating implication on environmental degradation. In addition, a positive shock in energy productivity enhances environmental quality, while a negative shock in energy productivity increases environmental degradation. In light of the results, we suggest some robust policies for Denmark and other smaller but wealthy nations. Moreover, in order to develop sustainable finance markets, policymakers in Denmark need to mobilize both public and private finance while maintaining a balance with other economic needs of the nation. The country must also identify and understand potential avenues for scaling up private financing for mitigating climate risk. Integr Environ Assess Manag 2023;00:1–10. © 2023 SETAC

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Section: Empirical Findingssupporting

confidence: 90%

Section: Synopsis Of Related Literaturementioning

confidence: 99%

Consumption‐based CO₂ emissions in Denmark: The role of financial stability and energy productivity

Oyebanji

Kırıkkaleli

Ayobamiji³

2023

Integr Envir Assess & Manag

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“…Based on this, the study hypothesizes that energy productivity negatively affects CO 2 emissions in Poland, i.e, ϑ 4 = LCO 2 LEPR < 0; where ϑ refers to the parameter of interest; LEPR refers to the natural log of energy producitivity; and LCO 2 is the natural log of carbon dioxide emissions (as a proxy for environmental degradation). This assumption supports a study by Oyebanji et al (2022). The empirical applications of these hypotheses are presented in the empirical findings and discussions section Based on the review of these theoretical and empirical studies, it is clear that literature estimating the effect of energy productivity on carbon emissions is scanty.…”

Section: Literature Reviewsupporting

confidence: 68%

“…Several forms of environmental sustainability hypotheses have been proposed. Oyebanji et al (2022) find a relationship between GDP growth and degradation in Spain; Debref (2016) explains a special nexus between eco-friendly growth policies and improvements in environmental quality. The scientific argument is to weigh the pros and cons of the growth of the model.…”

Section: Theoretical Foundationmentioning

confidence: 92%

“…Major advanced economies, including Norway, Germany, Japan, the USA, and the UK, were among the first countries to introduce energy productivity policies and launch green patent applications in 2009 for several environmental reasons. Energy productivity also provides strong economic incentives for innovators to develop more green technologies toward reducing human vulnerabilities arising out of fossil fuel emissions (Oyebanji et al, 2022). Several empirical studies have found a beneficial impact of energy productivity on environmental quality (Alola & Joshua, 2020;Atalla & Bean, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

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Insights from Poland on the long-run effect of energy productivity on environmental degradation: a Fourier ARDL-based approach

Addai

Kırıkkaleli

2023

Environ Sci Pollut Res

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The globally increasing trend of fossil fuel consumption has culminated in a historical degradation of the environment and the rising threat of global warming. Researchers and policymakers aim at examining critical relationships between energy productivity and environmental degradation to make recommendations for global policy action. This paper aims to capture the effect of energy productivity on environmental degradation in Poland from 1990Q1 to 2019Q4, using novel Fourier-bases ADF unit root and Fourier-based ARDL approaches. First, outcomes of the Fourier ARDL bounds test indicate that variables are integrated; second, outcomes of the Fourier ARDL long-run estimates indicate that (i) energy productivity has long-run negative effects on CO 2 emissions; and (ii) economic growth, globalization, and primary energy consumption have positive effects on CO 2 emissions. Among the options available to Polish policymakers are (i) liberalizing domestic energy markets to offer an opportunity for electricity consumers to switch companies and (ii) continuing to pursue a policy of decarbonizing energy supply by investing heavily in renewable energy, nuclear power, e-mobility, and energy productivity.

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Insights of resources productivity and green technologies impact on renewable energy consumption: Novel MMQR approach

Radulescu,

Barut,

Si Mohammed

et al. 2024

Geological Journal

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This study investigates the dynamic effect of resource productivity and green technologies on renewable energy (RE) use in 28 middle‐income countries from 2006 to 2022 using MMQR, QR and causality techniques. Results suggested that green technology innovation substantially influences RE use. Second, the significant positive coefficients show that resource productivity leads to higher RE consumption at the upper quantile due to decoupling Gross Domestic Product (GDP) growth from extracting natural resources, indicating a transition towards more sustainable and efficient practices. Based on the empirical findings, several policy implications are suggested for middle‐income economies.

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Energy productivity and environmental deregulation: the case of Greece

Cited by 28 publications

References 53 publications

Consumption‐based CO₂ emissions in Denmark: The role of financial stability and energy productivity

Consumption‐based CO₂ emissions in Denmark: The role of financial stability and energy productivity

Insights from Poland on the long-run effect of energy productivity on environmental degradation: a Fourier ARDL-based approach

Insights of resources productivity and green technologies impact on renewable energy consumption: Novel MMQR approach

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Energy productivity and environmental deregulation: the case of Greece

Cited by 28 publications

References 53 publications

Consumption‐based CO2 emissions in Denmark: The role of financial stability and energy productivity

Consumption‐based CO2 emissions in Denmark: The role of financial stability and energy productivity

Insights from Poland on the long-run effect of energy productivity on environmental degradation: a Fourier ARDL-based approach

Insights of resources productivity and green technologies impact on renewable energy consumption: Novel MMQR approach

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Consumption‐based CO₂ emissions in Denmark: The role of financial stability and energy productivity

Consumption‐based CO₂ emissions in Denmark: The role of financial stability and energy productivity