| Title | Evaluating pollution damage function through carbon pricing, renewable energy demand, and cleaner technologies in China: blue versus green economy |
|---|---|
| ID_Doc | 31867 |
| Authors | Akhtar, MZ; Zaman, K; Rehman, FU; Nassani, AA; Haffar, M; Abro, MMQ |
| Title | Evaluating pollution damage function through carbon pricing, renewable energy demand, and cleaner technologies in China: blue versus green economy |
| Year | 2022 |
| Published | Environmental Science And Pollution Research, 29, 17 |
| Abstract | Climate change and increased greenhouse gas emissions boost the global average temperature to less than 2 degrees C, which is the estimated breakeven point. The globe is moving into blue pollution economies as the environmental sustainability objective becomes more distorted. The study looked at three United Nations Sustainable Development Goals, namely (i) affordable and clean energy; (ii) industry, innovation, and infrastructure; and (iii) climate change, to see how far the Chinese economy has progressed toward green and clean development strategy. In the context of China, the "pollution damage function" was intended to refer to carbon damages related to carbon pricing, technological variables, sustained economic growth, incoming foreign investment, and green energy. The data was collected between 1975 and 2019 and analyzed using various statistical approaches. The results of the autoregressive distributed lag model suggest that carbon taxes on industrial emissions reduce carbon damages in the short and long run. Furthermore, a rise in inbound foreign investment and renewable energy demand reduces carbon damages in the short term, proving the "pollution halo" and "green energy" hypotheses; nonetheless, the results are insufficient to explain the stated results in the long run. In the long run, technology transfers and continued economic growth are beneficial in reducing carbon damages and confirming the potential of cleaner solutions in pollution mitigation. The causal inferences show the one-way relationship running from carbon pricing and technology transfer to carbon damages, and green energy to high-technology exports in a country. The impulse response estimates suggested that carbon tax, inbound foreign investment, and technology transfers likely decrease carbon damages for the next 10 years. On the other hand, continued economic growth and inadequate green energy sources are likely to increase carbon pollution in a country. The variance decomposition analysis suggested that carbon pricing and information and communication technology exports would likely significantly influence carbon damages over time. To keep the earth's temperature within the set threshold, the true motivation to shift from a blue to a green economy required strict environmental legislation, the use of green energy sources, and the export of cleaner technologies. |
Similar Articles
| ID | Score | Article |
|---|---|---|
33353
|
Yin, KD; Liu, L; Gu, HL Green Paradox or Forced Emission Reduction-The Dual Effects of Environmental Regulation on Carbon Emissions(2022)International Journal Of Environmental Research And Public Health, 19.0, 17 | |
| 31730
|
Xia, Q Does green technology advancement and renewable electricity standard impact on carbon emissions in China: role of green finance(2023)Environmental Science And Pollution Research, 30, 3 | |
| 32936
|
Wang, S; Wang, YX; Zhou, CX; Wang, XL Projections in Various Scenarios and the Impact of Economy, Population, and Technology for Regional Emission Peak and Carbon Neutrality in China(2022)International Journal Of Environmental Research And Public Health, 19.0, 19 | |
| 31524
|
Behera, P; Haldar, A; Sethi, N Achieving carbon neutrality target in the emerging economies: Role of renewable energy and green technology(2023) | |
| 31681
|
Sun, YP; Razzaq, A; Sun, HP; Irfan, M The asymmetric influence of renewable energy and green innovation on carbon neutrality in China: Analysis from non-linear ARDL model(2022) | |
| 30900
|
Li, L; Li, G; Ozturk, I; Ullah, S Green innovation and environmental sustainability: Do clean energy investment and education matter?(2023)Energy & Environment, 34, 7 | |
| 33046
|
Ahmed, K; Khan, B China's post-pandemic energy rebound and climate targets under the current regulations and green innovation capacity(2024) | |
| 30670
|
Feng, HY The Impact of Renewable Energy on Carbon Neutrality for the Sustainable Environment: Role of Green Finance and Technology Innovations(2022) | |
| 30579
|
Wei, Y; Tao, XY; Zhu, JL; Ma, Y; Yang, SJ; Ayub, A Examining the relationship between international digital trade, green technology innovation and environmental sustainability in top emerging economics(2024)Heliyon, 10, 7 | |
| 31110
|
Zhu, H; Feng, TC; Li, XL Green finance, green development and decarbonization of the energy consumption structure(2024)Plos One, 19, 4 |