How do green energy technology investments, technological innovation, and trade globalization enhance green energy supply and stimulate environmental sustainability in the G7 countries?

被引:199
作者
Ahmed, Zahoor [1 ,2 ]
Ahmad, Mahmood [3 ]
Murshed, Muntasir [4 ,5 ]
Shah, Muhammad Ibrahim [6 ,7 ]
Mahmood, Haider [8 ]
Abbas, Shujaat [9 ]
机构
[1] Cyprus Int Univ, Fac Econ & Adm Sci, Dept Accounting & Finance, Mersin 10, TR-99040 Haspolat, Turkey
[2] ILMA Univ, Dept Business Adm, Fac Management Sci, Karachi, Pakistan
[3] Shandong Univ Technol, Business Sch, Zibo 255000, Shandong, Peoples R China
[4] North South Univ, Sch Business & Econ, Dhaka 1229, Bangladesh
[5] Daffodil Int Univ, Dept Journalism Media & Commun, Dhaka, Bangladesh
[6] Univ Alberta, Dept Resource Econ & Environm Sociol REES, Edmonton, AB, Canada
[7] Univ Dhaka, Alma Mater Dept Econ, Dhaka, Bangladesh
[8] Prince Sattam Bin Abdulaziz Univ, Dept Finance, Coll Business Adm, Alkharj 11942, Saudi Arabia
[9] Ural Fed Univ, Grad Sch Econ & Management, Ekaterinburg, Russia
关键词
Renewable energy supply; Technological innovation; Environmental sustainability; Renewable energy research and; development Trade globalization; CARBON-DIOXIDE EMISSIONS; RESEARCH-AND-DEVELOPMENT; RENEWABLE ENERGY; EMPIRICAL-EVIDENCE; GROWTH NEXUS; CONSUMPTION; DEGRADATION; IMPACT; MATTER; MODEL;
D O I
10.1016/j.gr.2022.09.014
中图分类号
P [天文学、地球科学];
学科分类号
07 ;
摘要
Both developed and developing countries across the world are experiencing climate change-related adversities mainly due to failing to limit the emissions of greenhouse gases into the atmosphere. More often than not, the surge in greenhouse gas emissions is instigated through a rise in fossil fuel consumption levels. Hence, in respect of mitigating these emissions, especially carbon dioxide, it is pivotal to raise the share of green energy in the total energy supply. Accordingly, public sector investment in the renewable energy sector is hypothesized to play a vital role in specifically enhancing the technological level required for substantially increasing green energy production and supply. Moreover, the concurrent role of technological innovation, as a whole, in boosting green energy supply and ensuring environmental sustainability cannot be overlooked. Against this backdrop, this study investigates the effect of public investments in research and development related to renewable energy and technological innovation on renewable energy supply shares and carbon dioxide emissions in the G7 countries, controlling for the level of trade globalization in these countries. The results unfolded higher public investments in renewable energy development-related projects, technological innovation, and trade globalization are critical for enhancing renewable energy supply shares and curbing carbon dioxide emissions in the long run. Therefore, considering these major analytical outcomes, some relevant policies are suggested for enabling the G7 countries to achieve some of the Sustainable Development Goals set by the United Nations that are closely related to undergoing green energy transition (SDG-7) and achieving environmental sustainability (SDG-13) through the channel of innovation (SDG-9). (c) 2022 International Association for Gondwana Research. Published by Elsevier B.V. All rights reserved.
引用
收藏
页码:105 / 115
页数:11
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