The role of environmental taxes and public policies in supporting RES investments in EU countries: Barriers and mimicking effects

Carfora, Alfonso; Pansini, R; Scandurra, Giuseppe

doi:10.1016/j.enpol.2020.112044

Cited by 25 publications

(21 citation statements)

References 49 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Our results coincide with Acemoglu et al (2016), who concluded that environmental regulation and taxes could boost green energy sector growth and curtail environmental degradation. However, our results are similar to the findings of Bashir et al (2021), andCarfora et al (2021), who found that environmental tax not only impedes green energy consumption but also negatively impacts green energy investment.…”

Section: Resultssupporting

confidence: 91%

“…They further propose that OECD countries should focus on implementing their environmental strategies and, at the same time, promoting environmental technologies will be a viable option to promote the green energy industry. Similarly, Carfora et al (2021) concluded that the environmental tax burden negatively impacts the green energy investment in EU countries.…”

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

A Path Towards Green Revolution: How do Environmental Technologies, Political Risk, and Environmental Taxes Influence Green Energy Consumption?

Gao

Meng

Ahmed

et al. 2022

Front. Environ. Sci.

View full text Add to dashboard Cite

Enhancing green energy consumption is the most important strategy to achieve environmental goals and control global temperature rise. Unquestionably, political intuitions make decisions for developing environmental technologies and imposing environmental taxes for phasing out fossil fuels and achieving energy transition. Therefore, this study explores the role of environmental technologies, political risk, and environmental taxes in green energy consumption considering the potential impacts of population density and economic growth in G7 countries. Second-generation tests are applied for analyzing the long-run equilibrium connection and stationarity features. Finally, the CuP-FM and CuP-BC estimators are applied for assessing long-run linkage and Dumitrescu-Hurlin causal test is applied to reveal causal flow among variables. The estimates uncovered that enhancing environmental technologies and environmental taxes upsurges the consumption of green energy. Reducing political risk in G7 countries also boosts green energy consumption. Economic growth is evidenced to stimulate the consumption of green energy, while population density limits the consumption of green energy. Moreover, environmental technologies and political risk Granger cause green energy utilization, while a feedback relationship exists between environmental taxes and green energy usage. Based on the results, this study suggests that G7 countries should allocate more funds to accelerate innovation in environmental technologies and, at the same time, reduce the political risk to boost green energy consumption.

show abstract

Section: Resultssupporting

confidence: 91%

Section: Literature Reviewmentioning

confidence: 99%

A Path Towards Green Revolution: How do Environmental Technologies, Political Risk, and Environmental Taxes Influence Green Energy Consumption?

Gao

Meng

Ahmed

et al. 2022

Front. Environ. Sci.

View full text Add to dashboard Cite

show abstract

“…Energy and power export statistics are commonly used as a security variable in the literature, and numerous studies have demonstrated that safety data has a favorable impact on RE development (Carfora et al , 2021; Sachs et al , 2019; Cole and Banks, 2017; Lucas et al , 2016; Kilinc-Ata, 2016). However, as the Russian Federation is a net importer of energy and power, trade openness is factored into the research.…”

Section: Methodsmentioning

confidence: 99%

The Russian Federation's renewable energy development determinants: evidence from empirical research

Kilinc‐Ata

Dolmatov

2022

IJESM

View full text Add to dashboard Cite

Purpose The Russian Federation is one of the world’s largest exporters of fossil-based energy sources such as oil, natural gas and coal. Approximately 90% of the energy production in the Russian Federation consists of oil, natural gas and coal. Renewable energy (RE) in the Russian Federation mainly comprises hydroelectric energy. The purpose of this paper is to identify the factors that influenced the growth of RE resources in the Russian Federation between 1990 and 2020. Design/methodology/approach The unit root tests augmented Dickey and Fuller and Phillips and Perron, as well as Johansen cointegration and Granger causality approaches, were used. This study was conducted using vector error correction models for the years 1990–2020. Findings The cointegration method's findings demonstrate that while a rise in non-RE sources has a negative impact on RE development, an increase in income, energy consumption, trade openness and CO2 emissions has a favorable impact on RE expansion. The vector error correction model Granger causality test also shows a unidirectional relationship between RE and non-RE sources, gross domestic product, energy consumption and CO2 emissions. Trade openness, on the other hand, has no causal association with RE. Practical implications The Russian Federation must consider the practical implications of RE sources. However, there is a greater need for the Russian Federation to frame sound energy policies for RE development. Originality/value This paper aims to fill a gap in the literature on Russian RE development. Furthermore, the results of the methodological analysis can be used to guide policymakers in the field of RE development. This paper is also more policy-relevant and is quite useful in the context of sustainable energy development.

show abstract

“…The ecological behaviour of the firm has a positive effect on the efficiency of the firm and implementing eco‐innovations (Prokop et al, 2022). Environmental taxes can influence the structure of international trade (Carfora et al, 2021) and consumer preferences through the inclination towards healthy eating (Latka et al, 2021). We consider fiscal policy as a key tool for promoting the transition to a circular economy (Vence & López Pérez, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Taxation as a tool of implementation of the EU Green Deal in Ukraine

Nazarkevych

Sych

2023

Regional Science Policy & Practice

View full text Add to dashboard Cite

The European Green Deal, a new economic growth strategy, involves changing the model of development of the European continent in the direction of better harmony with the environment. Tax policy can be a valuable tool for state regulation of the green transition. The article aims to answer the question, is the current state of environmental taxation in Ukraine in line with EU best practices? Could we suggest ways to improve domestic tax tools through harmonization with the EU Green Deal? To assess the level of harmonization of environmental taxation in Ukraine and the EU, the sigma convergence method was used for calculation of variance and the assessment of convergence (divergence) of indicators of tax revenues from environmental taxation. The primary areas regulated by environmental taxation are outlined. This step revealed that in Ukraine, the transport tax and energy taxation do not contain an environmental component, and land fees do not use their environmental potential in both Ukraine and the EU. An analysis of the dynamics of environmental payments in the EU and Ukraine was made in terms of convergence (divergence) of indicators. On the basis of the European experience of ecological taxation, new elements to the strategy of reforming ecological taxation in Ukraine were proposed. The reforming of environmental taxation could increase the effectiveness of the incentive function of taxes, simplify and improve the quality of tax administration, promote the formation of a transparent system of state control, and strengthen accountability for corruption and negligence in the public sector.

show abstract

The role of environmental taxes and public policies in supporting RES investments in EU countries: Barriers and mimicking effects

Cited by 25 publications

References 49 publications

A Path Towards Green Revolution: How do Environmental Technologies, Political Risk, and Environmental Taxes Influence Green Energy Consumption?

A Path Towards Green Revolution: How do Environmental Technologies, Political Risk, and Environmental Taxes Influence Green Energy Consumption?

The Russian Federation's renewable energy development determinants: evidence from empirical research

Taxation as a tool of implementation of the EU Green Deal in Ukraine

Contact Info

Product

Resources

About