The impacts of renewable energy and technological innovation on environment-energy-growth nexus: New evidence from a panel quantile regression

被引:328
作者
Chen, Wenhui [1 ,2 ]
Lei, Yalin [1 ,2 ]
机构
[1] China Univ Geosci, Sch Humanities & Econ Management, Beijing 100083, Peoples R China
[2] Minist Land & Resources, Key Lab Carrying Capac Assessment Resource & Envi, Beijing 100083, Peoples R China
基金
中国国家自然科学基金;
关键词
Carbon dioxide emissions; Renewable energy consumption; Technological innovation; Panel quantile regression; CARBON-DIOXIDE EMISSIONS; KUZNETS CURVE HYPOTHESIS; FOREIGN DIRECT-INVESTMENT; ECONOMIC-GROWTH; CO2; EMISSIONS; FINANCIAL DEVELOPMENT; ELECTRICITY CONSUMPTION; NONRENEWABLE ENERGY; TRADE OPENNESS; EKC HYPOTHESIS;
D O I
10.1016/j.renene2018.02.026
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
To mitigate climate change, many studies have been conducted to identify the determinants of CO2 emissions. However, a consensus has not been reached yet on the issue because past work has often not considered the unobserved individual heterogeneity across countries. Therefore, this study revisits the environment-energy-growth nexus by employing a panel quantile regression to incorporate the effects of renewable energy consumption and technological innovation within the research background of global 30 countries over the period 1980-2014. The advantage of this method is considering the distributional heterogeneity to provide a detailed description of linkage between the CO2 emissions and driving factors at different emissions levels. The results show that the effects of determinants on CO2 emissions are heterogeneous. For high-emissions countries, the function of renewable energy consumption is limited in reducing CO2 emissions due to the smaller proportion of renewable energy use. Moreover, technological innovation greatly affects countries with relatively higher CO2 emissions. Therefore, one option is to financially support and apply technological innovations to generate renewable energy at lower costs as well as increase energy efficiency. Moreover, transforming the economic growth mode is helpful to transfer from non-renewable to renewable sources of energy to meet energy demand. (C) 2018 Elsevier Ltd. All rights reserved.
引用
收藏
页码:1 / 14
页数:14
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