| Title | On the goals of sustainable production and the conditions of environmental sustainability: Does cyclical innovation in green and sustainable technologies determine carbon dioxide emissions in G-7 economies |
|---|---|
| ID_Doc | 30825 |
| Authors | Khattak, SI; Ahmad, M; ul Haq, Z; Gao, SF; Hang, J |
| Title | On the goals of sustainable production and the conditions of environmental sustainability: Does cyclical innovation in green and sustainable technologies determine carbon dioxide emissions in G-7 economies |
| Year | 2022 |
| Published | |
| Abstract | Many economies have recognized environmental pollution as a pressing concern threatening global sustainable production and consumption. Experts agree that extensive use of carbon-intensive fuels in consumption and production has amplified the harmful effects of carbon dioxide emissions. Several governments have responded by implementing strict laws and promoting innovation in green and sustainable technologies across private and public institutions, e.g., universities. Even though extant literature supports research and development as a procyclical phenomenon, the non-linear effect of shifts in R&D and innovation in green and sustainable technologies on carbon dioxide emissions in the G7 countries remains unexplored. The paper examines the asymmetrical and cyclical relationship between innovation in green and sustainable technologies and carbon dioxide emissions using panel data of G7 nations from 1990Q1-2018Q4. The Westerlund cointegration tests confirmed the cointegration relationship among the selected variables. Cross-Sectionally Augmented Autoregressive Distributed Lag estimator demonstrated that adverse shocks in innovation in green and sustainable technologies contribute to carbon dioxide emissions in recessions. Second, the results supported that positive shocks in innovation in green and sustainable technologies mitigate carbon dioxide emissions during economic boom periods. Third, the current estimates showed that gross domestic product increases carbon dioxide emissions, but renewable energy consumption reduces carbon dioxide emissions. Beyond that, the robustness check supported the consistency and accuracy of the current results. Overall, the present findings suggested that the relationship between innovation in green and sustainable technologies and carbon dioxide emissions is counter-cyclical. (C) 2021 Institution of Chemical Engineers. Published by Elsevier B.V. All rights reserved. |
Similar Articles
| ID | Score | Article |
|---|---|---|
30564
|
Ahmed, N; Areche, FO; Nieto, DDC; Borda, RFC; Gonzales, BC; Senkus, P; Sieminski, P; Skrzypek, A Nexus between Cyclical Innovation in Green Technologies and CO2 Emissions in Nordic Countries: Consent toward Environmental Sustainability(2022)Sustainability, 14, 18 | |
| 30575
|
Khattak, SI; Ahmad, M The cyclical impact of innovation in green and sustainable technologies on carbon dioxide emissions in OECD economies(2022)Environmental Science And Pollution Research, 29, 22 | |
| 30408
|
Sharif, A; Saqib, N; Dong, KY; Khan, SAR Nexus between green technology innovation, green financing, and CO2 emissions in the G7 countries: The moderating role of social globalisation(2022)Sustainable Development, 30, 6 | |
| 30782
|
Shao, XF; Zhong, YF; Liu, W; Li, RYM Modeling the effect of green technology innovation and renewable energy on carbon neutrality in N-11 countries? Evidence from advance panel estimations(2021) | |
| 31524
|
Behera, P; Haldar, A; Sethi, N Achieving carbon neutrality target in the emerging economies: Role of renewable energy and green technology(2023) | |
| 30767
|
Aghabalayev, F; Ahmad, M Does innovation in ocean energy generations-related technologies in G7 countries reduce carbon dioxide emissions? Role of international collaboration in green technology development and commercial and monetary policies(2023)Environmental Science And Pollution Research, 30, 6 | |
| 35583
|
Jing, Z The asymmetrical impact of international collaboration in green technology development on carbon dioxide emissions in the top 50 most innovative countries(2024) | |
| 35684
|
Behera, P; Behera, B; Sethi, N; Handoyo, RD What drives environmental sustainability? The role of renewable energy, green innovation, and political stability in OECD economies(2024) | |
| 30445
|
Javed, A; Fuinhas, JA; Rapposelli, A Asymmetric Nexus between Green Technology Innovations, Economic Policy Uncertainty, and Environmental Sustainability: Evidence from Italy(2023)Energies, 16, 8 | |
| 30618
|
Zhou, DJ; Obobisa, ES; Ayamba, EC Achieving carbon neutrality goal in European countries: the role of green technology innovation, renewable energy, and financial development(2024) |