Innovation for sustainability: The impact of R&amp;D spending on CO2 emissions

Fernández, Yolanda Fernández; López, María Ángeles Fernández; Blanco, Blanca Olmedillas

doi:10.1016/j.jclepro.2017.11.001

Cited by 459 publications

(135 citation statements)

References 52 publications

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“…The results of the study indicate that absorptive capacity based on innovation and infrastructure development reduces the effects of CO 2 emissions in both China and the USA, indicating the crucial role of a technology transfer in combating climate change and enhancing sustainability in the long term. Therefore, the study cements the pivotal role of innovation and affluence technology transfer for the sustainable economic growth and environmental stewardship of China and the USA [35,79].…”

Section: Empirical Results and Discussionmentioning

confidence: 91%

“…On the one hand, increased levels of economic activity may lead to increased energy ingestion into the system that could increase emissions. On the other hand, systems or processes of innovation may decrease energy demands and consumption, thereby reducing overall pollution [35]. Consequently, economic growth buoyed by green technological advancement reduces environmental pollution.…”

Section: Introductionmentioning

confidence: 99%

“…In recent years, there is a clear understanding that green or eco-friendly innovations and technological transformations will take us closer to sustainable economic development. Hence, there is a growing interest in green innovation and its promotion and implementation in most economies of the world [35,[42][43][44][45].…”

Section: Introductionmentioning

confidence: 99%

“…Empirical studies have used the total aggregate level of R&D expenditure as a proxy for innovation due to various reasons. First, because of the availability of continuous data; second, they adopt and use an economy-wide modeling approach and has the objective of trying to find outcomes that can assist policy recommendations; and third, almost all these studies analyze the pollution and energy sectors using R&D expenditure as a proxy for innovation [35]. The current study follows a similar methodological approach.…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Does the Level of Absorptive Capacity Matter for Carbon Intensity? Evidence from the USA and China

et al. 2020

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Interest in the rapid growth of CO2 emissions, together with the economic performance of various countries continues to attract researchers and practitioners’ interest. Alongside, concerns regarding global warming and its effects on human and animal health, and thus sustainable development, escalate. The present study employs the nonlinear autoregressive distributed lag to identify short- and long-run dynamics and the asymmetric nexus between absorptive capacity, and CO2 emissions intensity from 1970 to 2018 in the case of the USA and China. In the short-run, an increase in technology transfer based on human resources increases CO2 emissions in China. Contrarily, the decrease in technology transfer based on infrastructure has an emissions-decreasing effect in China. In the long-run, the effects of an increase in absorptive capacity based on innovation and infrastructure developments provide positive and significant impetus to mitigate the carbon intensity in China and the USA. The results are robust using GHG intensity. Thus, policymakers and researchers have to consider the pivotal role of absorptive capacity in facilitating sustainable development.

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Section: Empirical Results and Discussionmentioning

confidence: 91%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Does the Level of Absorptive Capacity Matter for Carbon Intensity? Evidence from the USA and China

et al. 2020

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“…Hence, the seminal within-between specification might be an interesting tool to distinguish ex post and ex ante policy efficiency. Complementary analyses made by Fernandez et al [45] suggest that innovation and R&D expenditure have had a positive effect on reducing CO 2 emissions for the European Union (15), the United States and China between 1990 and 2013. Similar conclusions were also found for Japan [46].…”

Section: Resultsmentioning

confidence: 96%

Efficiency of the EU Environmental Policy in Struggling with Fine Particulate Matter (PM2.5): How Agriculture Makes a Difference?

et al. 2019

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Fine particulate matter (PM2.5) emissions are an important global issue as air pollutants lead to approximately 7 million deaths per year (World Health Organization). In an attempt to combat this global threat, countries in the European Union (EU) allocate relatively large funds for environmental policies. The main goal of this paper is to assess the long-term efficiency of the EU countries’ environmental policy in reducing the pressure of particulates pollution on the natural environment. For this purpose, multilevel panel regression models based on seminal within–between specification are used. The models are run for a panel of 25 EU countries for the years 2004–2016. In the investigations, we tried to capture the effect of the share of utilized agricultural area (UAA) in non-urban areas of the analyzed countries, as it may potentially influence policy efficiency. It was found that environmental spending in all main categories (pollution abatement, biodiversity, R&D, and environmental protection) had a significant impact on decreasing pollution pressure; however, the policy was more efficient in countries which had a lower share of UAA in their non-urban areas. The study emphasized that the impact of “pollution abatement” expenditure may be underestimated in basic panel models.

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Consumption‐based carbon emissions, renewable energy consumption, financial development and economic growth in Chile

2021

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This paper aims to investigate the effect of financial development and renewable energy consumption on consumption-based CO 2 emissions in Chile while controlling for economic growth and electricity consumption. Based on the aim of the paper, autoregressive distributed lag (ARDL) bounds with Kripfganz and Schneider's (2018) approximations, fully modified ordinary least square (FMOLS), dynamic ordinary least square (DOLS), and gradual shift causality tests are applied in this study. The outcomes clearly reveal that while financial development and renewable energy consumption reduce the consumption-based CO 2 emissions in Chile, economic growth and electricity consumption increase consumption-based carbon emissions. The gradual shift causality test provides consistent results with ARDL, FMOLS, and DOLS estimators. Therefore, policymakers in Chile should dynamically encourage the research and development of low-carbon technologies and renewable energy investments while imported nonrenewable energy sources level should be targeted, and especially those sectors which are more energy-intensive and causing to increase in consumption-based CO 2 emissions.

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Innovation for sustainability: The impact of R&D spending on CO2 emissions

Cited by 459 publications

References 52 publications

Does the Level of Absorptive Capacity Matter for Carbon Intensity? Evidence from the USA and China

Does the Level of Absorptive Capacity Matter for Carbon Intensity? Evidence from the USA and China

Efficiency of the EU Environmental Policy in Struggling with Fine Particulate Matter (PM2.5): How Agriculture Makes a Difference?

Consumption‐based carbon emissions, renewable energy consumption, financial development and economic growth in Chile

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