Low-Carbon R&amp;D Can Boost EU Growth and Competitiveness

Fragkiadakis, Kostas; Fragkos, Panagiotis; Paroussos, Leonidas

doi:10.3390/en13195236

Cited by 24 publications

(17 citation statements)

References 53 publications

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“…For carbon-intensive economic activities, carbon reduction is not always easy (Deutch 2020 ). With climate change issues becoming more frequent, more attention is paid to high-carbon sectors, making the related low-carbon innovation more promising (Fragkiadakis et al 2020 ; Kamat et al 2020 ). Government tends to adjust low-carbon policies, such as creating a more suitable environment for low-carbon innovation, providing subsidies for enterprises, or introducing highly educated talents (Price et al 2016 ).…”

Section: Discussionmentioning

confidence: 99%

Do carbon emissions accelerate low-carbon innovation? Evidence from 285 Chinese prefecture-level cities

Pan

Zhang

Xie

et al. 2021

Environ Sci Pollut Res

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Climate change caused by carbon emissions has a strong influence on the economy and human society. Though numerous previous studies have emphasized the importance of low-carbon innovation on curbing or mitigating carbon emissions, not much attention has been given to the reverse effect. We used a panel of 285 Chinese prefecture-level cities from 2005 to 2016 and Cooperative Patent Classification (CPC)-Y02 patents as low-carbon innovation indicators. The results show that the increasing carbon emissions accelerate cities’ low-carbon innovation in China, and the predicted effect varies across low-carbon innovation types. As carbon emissions rise, more low-carbon innovation will occur in activities with higher carbon emissions. Besides, we explore environmental awareness as the mediation channel for carbon emissions to impact low-carbon innovation. With the help of media, government, and enterprises, the growing carbon emissions promote public environmental awareness and change consumers’ behaviors, motivating companies to speed up low-carbon innovation.

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Section: Discussionmentioning

confidence: 99%

Do carbon emissions accelerate low-carbon innovation? Evidence from 285 Chinese prefecture-level cities

Pan

Zhang

Xie

et al. 2021

Environ Sci Pollut Res

View full text Add to dashboard Cite

show abstract

“…So, in the context of ambitious climate policies as described in the EU Green Deal, increased R&I expenditures can increase productivity and boost EU economic growth and competitiveness, especially in countries with large innovation and low-carbon manufacturing base. The analysis of Fragkiadakis et al [10] captures the different nature of public and private R&I, with the latter having more positive economic implications and higher efficiency as it is closer to industrial activities. Public R&D commonly focuses on immature highly uncertain technologies, which are also needed to achieve the climate neutrality target of the EU.…”

Section: Scientific Contribution Of This Special Issue: a Brief Overviewmentioning

confidence: 99%

Energy Systems Analysis and Modelling towards Decarbonisation

Fragkos

Siskos

2022

Energies

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“…Climate financing is considered a vital factor to improve the environmental quality level. The four main factors remain actively visible in the earlier studies that can be combined to form climate financing index (CFI), i.e., FDI inflows (Zubair et al 2020), R&D expenditures (Fragkiadakis et al 2020), renewable energy consumption (Anser et al 2020a), and carbon damages (Hong et al 2020). The study's main contribution is to amalgamate the stated factors to form a relative weighted index across countries.…”

Section: Introductionmentioning

confidence: 99%

The impact of carbon pricing, climate financing, and financial literacy on COVID-19 cases: go-for-green healthcare policies

Khan

Usman

Zaman

et al. 2022

Environ Sci Pollut Res

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Climate finance and carbon pricing are regarded as sustainable policy mechanisms for mitigating negative environmental externalities via the development of green financing projects and the imposition of taxes on carbon pollution generation. Financial literacy indicates that it is beneficial to invest in cleaner technology to advance the environmental sustainability goal. The current wave of the COVID-19 epidemic has had a detrimental effect on the world economies’ health and income. The pandemic crisis dwarfs previous global financial crises in terms of scope and severity, collapsing global financial markets. The study’s primary contribution is constructing a climate funding index (CFI) based on four critical factors: inbound foreign direct investment, renewable energy usage, research and development spending, and carbon damages. In a cross-sectional panel of 43 nations, the research evaluates the effect of climate funding, financial literacy, and carbon pricing in lowering exposure to coronavirus cases. The study utilized Newton–Raphson and Marquardt steps to estimate the current parameter estimates while evaluating the COVID-19 prediction model with level regressors using the robust least squares regression model (S-estimator). Additionally, the innovation accounting matrix predicts estimations over a specific period. The findings indicate that climate finance significantly reduces coronavirus exposure by introducing green financing initiatives that benefit human health, which eventually strengthens the immune system’s ability to fight infectious illnesses. Financial literacy and carbon pricing, on the other hand, are ineffectual in controlling coronavirus infections due to rising economic activity and densely inhabited areas that enable the transmission of coronavirus cases across countries. Similar findings were obtained using the alternative regression apparatus. The COVID-19 predicted variable was used as a “response variable,” and climate financing was shown to have a favorable impact on containing coronavirus exposure. As shown by the innovation accounting matrix, carbon pricing would drastically decrease coronavirus cases’ exposure over a time horizon. The study concludes that climate finance and carbon pricing were critical in improving air quality indicators, which improved countries’ health and wealth, allowing them to reduce coronavirus infections via sustainable healthcare reforms.

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Low-Carbon R&D Can Boost EU Growth and Competitiveness

Cited by 24 publications

References 53 publications

Do carbon emissions accelerate low-carbon innovation? Evidence from 285 Chinese prefecture-level cities

Do carbon emissions accelerate low-carbon innovation? Evidence from 285 Chinese prefecture-level cities

Energy Systems Analysis and Modelling towards Decarbonisation

The impact of carbon pricing, climate financing, and financial literacy on COVID-19 cases: go-for-green healthcare policies

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