All economies are concerned about rising carbon emissions,which contribute to environmental degradation.The current paper formulates a novel framework to scrutinize the impacts of shocks in economic complexity,FDI,env...All economies are concerned about rising carbon emissions,which contribute to environmental degradation.The current paper formulates a novel framework to scrutinize the impacts of shocks in economic complexity,FDI,environmental technology,and renewable energy on carbon emission in the leading clean energy investment countries,spanning the period from 1995 to 2020.In spite of the constraint for better environmental defence and the realization of the Sustainable Development Goals(SDGs),this paper introduces an empirical approach utilizing the Panel NARDL methodology to investigate the asymmetrical connections between carbon emissions and relevant exogenous factors.Furthermore,we utilize additional techniques,namely AMG and CCEMG,to enhance the robustness of our findings.Our empirical findings reveal that positive shocks in economic complexity,FDI,environmental technology,and renewable energy reduce carbon emissions while negative shocks may result to elevated pollution levels in the long-run.However,adverse shocks in economic complexity and FDI cause increased pollution in the long run.Likewise,the short-run coefficient signs are also similar to the longrun coefficient signs but different in significance level and magnitude.This has paved the way for a well-designed policy for leading clean-energy investment countries should focus on structural change,FDI,technology and renewable energy consumption.展开更多
Green power conversion is the shift away from traditional fuels towards clean energy sources such as nuclear power plants,hydroelectric dams,wind farms,and solar panels.This research examines the impact of clean energ...Green power conversion is the shift away from traditional fuels towards clean energy sources such as nuclear power plants,hydroelectric dams,wind farms,and solar panels.This research examines the impact of clean energy demand and green financing on reducing carbon emissions in 29 economies in Europe and Asia from 2007 to 2020.The study used a two-step differenced GMM estimator for the available data set spanning 2007 to 2020.The study found that rising demand for nuclear power helps to achieve a carbon-neutral agenda,but insufficient funding for renewable energy leads to higher carbon emissions.The research suggests increasing investment in nuclear energy and green financing can improve regional environmental quality.The study found a causal link between fuel imports,nuclear power and regional growth.It also determined that fuel imports,chemical use,green financing and the need for nuclear energy will likely impact regional environmental quality.The research recommends allocating more resources toward innovation to boost energy efficiency and expanding investment in renewable and nuclear energy production industries via green finance.The study also highlights the need to encourage the development of renewable energy sources to cut carbon emissions and establish a sustainable society.展开更多
文摘All economies are concerned about rising carbon emissions,which contribute to environmental degradation.The current paper formulates a novel framework to scrutinize the impacts of shocks in economic complexity,FDI,environmental technology,and renewable energy on carbon emission in the leading clean energy investment countries,spanning the period from 1995 to 2020.In spite of the constraint for better environmental defence and the realization of the Sustainable Development Goals(SDGs),this paper introduces an empirical approach utilizing the Panel NARDL methodology to investigate the asymmetrical connections between carbon emissions and relevant exogenous factors.Furthermore,we utilize additional techniques,namely AMG and CCEMG,to enhance the robustness of our findings.Our empirical findings reveal that positive shocks in economic complexity,FDI,environmental technology,and renewable energy reduce carbon emissions while negative shocks may result to elevated pollution levels in the long-run.However,adverse shocks in economic complexity and FDI cause increased pollution in the long run.Likewise,the short-run coefficient signs are also similar to the longrun coefficient signs but different in significance level and magnitude.This has paved the way for a well-designed policy for leading clean-energy investment countries should focus on structural change,FDI,technology and renewable energy consumption.
文摘Green power conversion is the shift away from traditional fuels towards clean energy sources such as nuclear power plants,hydroelectric dams,wind farms,and solar panels.This research examines the impact of clean energy demand and green financing on reducing carbon emissions in 29 economies in Europe and Asia from 2007 to 2020.The study used a two-step differenced GMM estimator for the available data set spanning 2007 to 2020.The study found that rising demand for nuclear power helps to achieve a carbon-neutral agenda,but insufficient funding for renewable energy leads to higher carbon emissions.The research suggests increasing investment in nuclear energy and green financing can improve regional environmental quality.The study found a causal link between fuel imports,nuclear power and regional growth.It also determined that fuel imports,chemical use,green financing and the need for nuclear energy will likely impact regional environmental quality.The research recommends allocating more resources toward innovation to boost energy efficiency and expanding investment in renewable and nuclear energy production industries via green finance.The study also highlights the need to encourage the development of renewable energy sources to cut carbon emissions and establish a sustainable society.
