Investigating the potential role of innovation and clean energy in mitigating the ecological footprint in N11 countries

Abstract

This paper seeks to explore the potential function of technological innovation and clean power in mitigating the ecological footprint in the N-11 nations during the phase 1992–2015 by applying panel cointegration analysis. The outcomes of the panel cointegration test signify the occurrence of a long-run relation among the clean energy (CE) variable, the ecological footprint (EF) variable, the per capita GDP (Y) variable, the financial development (FIN) variable, and technological innovation (TI) variable. The outcomes of the VECM signify a long-run causal relation from the ecological footprint (EF) variable to the clean energy (CE) variable, the GDP per capita (Y) variable, and technological innovation (TI) variable. This implies that the environmental degradation faced by the N-11 countries leads to shifting toward clean energy sources and technological innovation in the long run. Thus, the N-11 countries are in need to design policies that enhance shifting toward environmentally friendly energy sources.

Determinants of load capacity factor in an emerging economy: The role of green energy consumption and technological innovation

“…Moreover, Chu (2022), in the case of OECD nations, revealed that TEC negatively affect EF. Furthermore, Sherif et al (2022b) considered the TEC-EF nexus in Next-11 nations utilizing the panel dataset between 1992 and 2015. Using the FMOLS and DOLS method for the empirical analysis to evaluate this association and discovered that TEC mitigates EF.…”

Decoupling the role of renewable energy, green finance and political stability in achieving the sustainable development goal 13: Empirical insight from emerging economies

“…Likewise, Haldar and Sethi (2021) also documented the significance of renewable energy in enriching the quality of the environment and suggested promoting the adoption of clean energy sources in developing countries to attain sustainable goals. Another study by Sherif et al (2022) looked at the substantial role of clean energy and innovation in abating the ecological footprint from 1992 to 2016, utilising the dynamic panel models for the Next-11 (N11) nations. They found that renewable energy substantially curbs environmental depletion; thus, the N11 nations need to implement stringent policy measures to encourage technological innovation and shift towards renewable energy use to mitigate environmental depletion.…”

Modelling natural gas, renewables-sourced electricity, and ICT trade on economic growth and environment: evidence from top natural gas producers in Africa

“…Additionally, all academics supported the role of renewables electricity on increasing environmental quality and recommended to accelerate the dependence on renewable energy sources in power generation such as Cerdeira Bento and Moutinho (2016), Moutinho and Robaina (2016), Alola et al (2019), El Araby et al (2019, Usama et al (2020), Ramzan et al (2021), Chandio et al (2022), Sherif et al (2022) except other limited researchers confirmed that renewables electricity increase CO 2 emissions as Farhani and Shahbaz (2014), York andMcGee (2017), andBalsalobre-Lorente et al (2018). This connection appears to occur because renewable energy sources limit nuclear energy in affluent countries, thus maintaining reliance on fossil fuels, in addition, variations in renewable energy technology development might generate issues owing to a lack of operational skills, a lack of policies and regulations, and a lack of knowledge in the destination or a malfunction in the plant's installation as mentioned in Qi et al (2014) and Azam et al (2021a, b).…”