The Clean Energy-Growth Nexus with CO<sub>2</sub> Emissions and Technological Innovation in Norway and New Zealand

Qin, Fei; Rasiah, Rajah; Shen, Leow Jia

doi:10.1260/0958-305x.25.8.1323

Cited by 89 publications

(31 citation statements)

References 67 publications

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“…Apergis et al [68] have also documented a positive effect of REC on GDPc. This result is the opposite of the finding of Fei et al [69], who highlight a negative relationship between REC and GDPc.…”

Section: Resultscontrasting

confidence: 97%

Relationships between Renewable Energy Consumption, Social Factors, and Health: A Panel Vector Auto Regression Analysis of a Cluster of 12 EU Countries

2020

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One of the key indicators of a population's well-being and the economic development of a country is represented by health, the main proxy for which is life expectancy at birth. Some factors, such as industrialization and modernization, have allowed this to improve considerably. On the other hand, along with high global population growth, the factor which may jeopardize human health the most is environmental degradation, which can be tackled through the transition to renewable energy. The main purpose of our study is to investigate the relationship between renewable energy consumption, social factors, and health, using a Panel Vector Auto Regression (PVAR) technique. We explore the link between some proxy variables for renewable energy consumption, government policy, general public awareness, the market, lobbying activity, the energy dependence on third countries, and health, spanning the period from 1990 to 2015, for a cluster of 12 European countries characterized by common features. Specifically, our analysis shows the importance of having a stringent policy for the development of renewable energy consumption and its influence over other social factors, rather than the existence of causal relationships between health and renewable energy consumption for the analyzed countries. This kind of analysis has a great potential for policy-makers. Further, a deeper understanding of these relationships can create a more effective decision-making process. Sustainability 2020, 12, 2915 2 of 16Concerning the latter, the increasing interest in renewable energy is also due to Europe's dependency on foreign energy sources and to the recent concerns over the volatility of the price of crude oil [8].Moreover, we are currently witnessing an ongoing debate over how to balance the relationships between human health, environmental concerns, and economic development [12][13][14].In this regard, in December 2019 the European Commission presented the European Green Deal, which establishes that the European Union needs to transform itself into a resource-efficient and competitive economy with zero net emissions of greenhouse gases by 2050, and its economic growth should detach itself from resources use. The main objective is to boost the efficient use of resources by moving to a clean, circular economy, and, consequently, stopping climate change, cutting pollution, and improving the health of population [12].Moreover, European Union member countries launched, at the beginning of 2005, the CO 2 emissions trading scheme. Setting environmental taxes is very useful for two reasons. First, they represent an incentive for companies to research and invest in more environmentally friendly technologies, or to deploy fewer resources. Secondly, the increased fiscal revenue resulting from higher tax collection can be used to reduce taxes on labor, savings, and capital, thereby favoring higher investment in environmental conservation [13].Health, the main proxy for which is life expectancy at birth, certainly represents one of the key indicators of ...

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Section: Resultscontrasting

confidence: 97%

Relationships between Renewable Energy Consumption, Social Factors, and Health: A Panel Vector Auto Regression Analysis of a Cluster of 12 EU Countries

2020

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“…Nonetheless, our findings add to the literature on the nexus between the innovation and technological progress in general and environmental improvement (e.g. Dinda, 2004;Brock and Taylor, 2005, Tang and Tan (2013), Fei et al (2014 and Balsalobre-Lorente (2018).…”

Section: Empirical Findings and Discussionsupporting

confidence: 81%

“…9 It led them to infer that technological innovations play an important role in mitigating the use of fossil fuels. Their findings are complemented by a later study by Fei et al (2014), which also confirms the importance of technological innovation to environmental degradation in New Zealand and Norway. In a similar vein, a number of other studies also reflect the importance of technology in mitigating environmental degradation and ecological challenges (see, for instance, Arrow et al, 1996;Torras and Boyce, 1998;Andreoni and Levinson, 2001;Lorente and ÁlvarezHerránz, 2016;and Álvarez-Herránz et al, 2017).…”

Section: Energy Research Innovations and Carbon Emissions Nexussupporting

confidence: 56%

Environmental degradation in France: The effects of FDI, financial development, and energy innovations

2018

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This paper explores the determinants of carbon emissions in France by accounting for the significant role played by foreign direct investment (FDI), financial development, economic growth, energy consumption and energy research innovations in influencing CO2 emissions function. In this endeavour, we employ the novel SOR ) unit root test on French time series data over the period 1955-2016 to examine the order of integration in the presence of sharp and smooth structural breaks in the variables. We also apply the bootstrapping bounds testing approach, recently developed by McNown et al. (2018), to investigate the presence of cointegration and the empirical findings underscore the presence of cointegration among the time series. Moreover, we find that FDI has a positive impact, while energy research innovations have a negative impact, on French carbon emissions. Financial development lowers carbon emissions, thereby improving the French environmental quality. FDI degrades the environment, and thus supports the pollution-haven hypothesis in France. Similarly, financial development suggests that financial stability is a required condition for improving environmental quality, so are energy research innovations. Contrarily, energy consumption is positively linked with carbon emissions. However, the relationship between economic growth and CO2 emissions is an inverted-U, which is a validation of the environmental Kuznets curve (EKC).

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“…Álvarez-Herránz et al (2017) demonstrate the positive effect of energy innovation policies in lowering CO2 emissions and how these measures help delay technical obsolescence. Additionally, other studies incorporate technological innovation in the nexus of clean energy, carbon emissions, and economic growth (Lee, 2013;Tang and Tan, 2013;Fei et al, 2014). Tang and Tan (2013) show that technological innovation is significant in mitigating the use of fossil fuels.…”

Section: Literature Reviewmentioning

confidence: 99%

How economic growth, renewable electricity and natural resources contribute to CO2 emissions?

et al. 2018

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This study explores the relationship between economic growth and CO2 emissions in the so-called European Union 5 (EU-5) countries (Germany, France, Italy, Spain, and the United Kingdom) for the 1985-2016 period. In doing so, we employ a carbon emission function to investigate the environmental Kuznets curve phenomenon, which describes a relationship between economic growth and environmental degradation. The empirical results confirm the existence of an N-shaped relationship between economic growth and CO2 emissions in the EU-5 countries. We incorporate additional variables such as renewable electricity consumption, trade openness, natural resource abundance, and energy innovation to augment the carbon emission function. Renewable electricity consumption, natural resources, and energy innovation improve environmental quality, while trade openness and the interaction between economic growth and renewable electricity consumption exert a positive impact on CO2 emissions. This study is novel in that it presents an interaction between economic growth and renewable electricity consumption. We also confirm the need for renewable energy regulations related to increasing renewable sources and promoting energy innovation to reduce the negative effects of energy and fossil energy resources on environmental degradation.

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The Clean Energy-Growth Nexus with CO₂ Emissions and Technological Innovation in Norway and New Zealand

Cited by 89 publications

References 67 publications

Relationships between Renewable Energy Consumption, Social Factors, and Health: A Panel Vector Auto Regression Analysis of a Cluster of 12 EU Countries

Relationships between Renewable Energy Consumption, Social Factors, and Health: A Panel Vector Auto Regression Analysis of a Cluster of 12 EU Countries

Environmental degradation in France: The effects of FDI, financial development, and energy innovations

How economic growth, renewable electricity and natural resources contribute to CO2 emissions?

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The Clean Energy-Growth Nexus with CO2 Emissions and Technological Innovation in Norway and New Zealand

Cited by 89 publications

References 67 publications

Relationships between Renewable Energy Consumption, Social Factors, and Health: A Panel Vector Auto Regression Analysis of a Cluster of 12 EU Countries

Relationships between Renewable Energy Consumption, Social Factors, and Health: A Panel Vector Auto Regression Analysis of a Cluster of 12 EU Countries

Environmental degradation in France: The effects of FDI, financial development, and energy innovations

How economic growth, renewable electricity and natural resources contribute to CO2 emissions?

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The Clean Energy-Growth Nexus with CO₂ Emissions and Technological Innovation in Norway and New Zealand