Publication: Interconnecting sustainable development goals 7 and 13: the role of renewable energy innovations towards combating the climate change
Date
2024
Authors
Kamran H.W.
Rafiq M.
Abudaqa A.
Amin A.
Journal Title
Journal ISSN
Volume Title
Publisher
Taylor and Francis Ltd.
Abstract
This research examines the trends in environmental footprints through energy innovations, digital trade, economic freedom, and environmental regulation from the context of G7 economies. Quarterly observations from 1998-2020 have been utilized for the advanced-panel model entitled Method of Moments Quantile Regression (MMQR). The initial findings confirm slope heterogeneity, interdependence between the cross-sectional units, stationarity properties, and panel cointegration. The results through FM-OLS, D-OLS, and FE-OLS justify that energy innovations, digital trade, and environmental regulations control ecological damages. In contrast, economic freedom and growth are causing more damage to nature, like ecological footprints (EFP). Similarly, the results through MMQR confirm that the impact of energy innovations, digital trade, and environmental regulations is accepted as a panacea to control environmental degradation in G7. However, the magnitude of the coefficient varies across different quantiles. More specifically, the findings show that the impact of energy innovations is highly significant at 0.50th quantile. In contrast, through digital trade, the impact on EFP is only significant under medium and higher order quantiles (i.e. 0.50th, 0.75th-1.0th). Contrarily, economic freedom is causing more EFP across all the quantiles, where the findings are highly significant at 0.75th quantile. Besides, a few other policy implications are also discussed. ? 2023 Informa UK Limited, trading as Taylor & Francis Group.
Description
Keywords
Climate Change , Conservation of Natural Resources , Renewable Energy , Sustainable Development , Climate change , Commerce , Ecology , Method of moments , Public policy , Sustainable development , Digital trade , Ecological footprint , Economic freedom , Energy , Energy innovation , Environmental footprints , G7 , Moment quantile regression , Quantile regression , Renewable energies , alternative energy , carbon footprint , climate change , environmental degradation , innovation , Sustainable Development Goal , trade-environment relations , article , climate change , ecological footprint , economic aspect , quantile regression , renewable energy , sustainable development goal , environmental protection , procedures , sustainable development , Environmental regulations