The role of green innovation in achieving environmental sustainability in European Union countries: Testing the environmental Kuznets curve hypothesis

Aydın, Mücahit; Değirmenci, Tunahan; Gürdal, Temel; Yavuz, Hakan

doi:10.1016/j.gr.2023.01.013

Cited by 66 publications

(22 citation statements)

References 68 publications

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“…These findings therefore highlight the importance of energy transition in meeting the carbon neutral target (Gu et al , 2023). Hence, several contemporary scholars have stressed the importance of renewable energy consumption and green technologies in promoting environmental sustainability (Zhang et al , 2023; Aydin et al , 2023; Alola and Adebayo, 2023).…”

Section: Critical Review Of Literaturementioning

confidence: 99%

“…Moreover, the acute financial difficulties faced by these developing countries further inhibit the acceleration of the energy transition process with the potential of mitigating pollution emissions. Furthermore, Aydin et al (2023) stress that green innovations and energy transition are necessary for the enhancement environmental sustainability. The effective achievement of energy transition will accelerate the attainment of the net zero target as re-echoed in the COP27 goals (Gu et al , 2023).…”

Section: Introductionmentioning

confidence: 99%

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Energy transition and pollution emissions in developing countries: are renewable energies guilty?

Achuo

Ojöng

2023

IJDI

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Purpose This study aims to examine the effects of energy transition on pollution emissions in Africa. In addition, it explores the indirect channels through which energy consumption impacts environmental quality. Design/methodology/approach The study uses system Generalised Method of Moments approach for a panel of 51 developing African countries over the 1996–2020 period. Findings The results show that fossil fuel and renewable energy consumption increase pollution emissions. The environment-degrading effect of renewable energy in Africa is however counter-intuitive, though the results are robust across regional economic blocks and income groups except for upper-middle-income countries where energy consumption is environment enhancing. Moreover, the results show that the environmental impacts of non-renewable energy consumption are modulated through financial development and information and communication technology (ICT) adoption, leading to respective positive net effects of 0.04460796 and 0.07682873. This is up to respective policy thresholds of 203.265 and 137.105 of financial development and ICT adoption, respectively, when the positive net effects are nullified. Practical implications Contingent on the results, the study suggests the need for African countries to develop sound financial systems and encourage the use of green technologies, to ensure that energy transition effectively contributes to emissions reduction. Policymakers in Africa should also be aware of the critical levels of financial development and ICT, beyond which complementary policies are required for non-renewable energy consumption to maintain a negative impact on environmental degradation. Originality/value Firstly, extant studies on the nexus between energy transition and environmental degradation in Africa are very sparse. Therefore, this study fills the existing research gap by comprehensively examining the effects of energy transition on pollution emissions across 51 African economies. Additionally, besides accounting for the direct environmental effects of energy transition, the current study accounts for the indirect channels through which the environmental impacts of energy transition are modulated. Hence, this study provides critical thresholds for the policy modulating variables, which enlighten policymakers on the necessity of designing complementary policies once the modulating variables attain the established thresholds.

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Section: Critical Review Of Literaturementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Energy transition and pollution emissions in developing countries: are renewable energies guilty?

Achuo

Ojöng

2023

IJDI

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“…Renewable energy resources help to reduce CO 2 emissions by replacing fossil fuel energy with renewable energy in EU countries. The unidirectional causality is confirmed among renewable energy consumption, energy, research, and development investment behaves incremental toward ecological footprint (Aydin et al, 2023).…”

mentioning

confidence: 69%

Going green for good: How sustainable economic development and green energy resources are driving carbon neutrality in G‐7 countries?

Mohsin,

Xuhua,

Sarfraz

et al. 2023

Sustainable Development

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The construction of a sustainable society in the present era is significantly based on green economic development, environmental sustainability, and ecological energy resources. It is now more difficult than ever for economists, environmentalists, and policymakers to achieve sustainable environmental development and economic growth while preventing environmental damage enhance the burden on the economy. It is worth mentioning that this research approach is leading CO2 emission resources in G‐7 countries as dependent variables and possibly CO2‐reducing determinants as independent variables from 1993 to 2020. The research data are extracted from the world development indicators, and these are secondary nature data. The stationarity of the data series is checked by employing a panel unit root and proceeds to the cointegration test. The cointegration, fully modified ordinary least squares (FMOLS), quantile regression, and wavelet coherence tests have confirmed the long‐run relationship among variables. Renewable energy and economic growth are aidant factors in reducing CO2 emissions from all resources. Low carbon energy is reduced CO2 from coal and gas while increasing the CO2 emission from oil. Renewable energy, low carbon energy, and rapid growth of gross domestic product (GDP) are environmentally friendly factors which can eliminate gas energy emissions. This research presents practical policy implications that address globalization trends, carbon emissions, and the overall energy structure and economic growth of G‐7 countries.

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“…The competitive relationship among green innovation subjects is the result of various behavioral strategies, with the learning and imitation of these strategies constituting the microdynamics of the diffusion of green innovation behavior in the network (Aydin et al, 2023; Chen et al, 2023; Khan et al, 2022). Various factors such as the strategies of other participants, their own R&D capabilities, and policy incentives influence the strategy choices of green innovation subjects.…”

Section: Theory and Methodsmentioning

confidence: 99%

Research on the diffusion of green innovation behavior based on complex network evolutionary game

Chen,

Yang,

Zhang

2023

Manage Decis Econ

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The strategic choice of green innovation subjects and the evolution of green innovation networks have a two‐way feedback effect. This study aims to construct a comprehensive framework for analyzing the evolution of green innovation networks from micro to macro levels. The gravity model demonstrates the structural complexity of green innovation networks. Additionally, an evolutionary game model based on green innovation networks is constructed to discuss the network's diffusion mechanism of green innovation behavior and its influence on network characteristic indicators. The research findings reveal that (1) the green innovation networks in China exhibit a continuous growth trend but the connectivity of urban nodes varies significantly; (2) the green innovation network's marginal nodes are the “vulnerable groups” in the evolutionary game and the active green innovation strategy cannot be completely spread; and (3) the cost of passive green innovation and the demand for green consumption are the internal and external driving forces that promote the spread of the active green innovation strategy in the network. Finally, this study concludes with several suggestions, including the establishment of a mechanism to promote green innovation reform with the city, industry, and enterprises as the node, fulcrum, and focus, respectively. Additionally, it suggests increasing domestic demand for green consumption. These findings and suggestions can provide a reference for the development of green innovation in other countries or regions.

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The role of green innovation in achieving environmental sustainability in European Union countries: Testing the environmental Kuznets curve hypothesis

Cited by 66 publications

References 68 publications

Energy transition and pollution emissions in developing countries: are renewable energies guilty?

Energy transition and pollution emissions in developing countries: are renewable energies guilty?

Going green for good: How sustainable economic development and green energy resources are driving carbon neutrality in G‐7 countries?

Research on the diffusion of green innovation behavior based on complex network evolutionary game

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