| Title | Load capacity factor and carbon emissions: Assessing environmental quality among MINT nations through technology, debt, and green energy |
|---|---|
| ID_Doc | 32369 |
| Authors | Ali, EB; Opoku-Mensah, E; Ofori, EK; Agbozo, E |
| Title | Load capacity factor and carbon emissions: Assessing environmental quality among MINT nations through technology, debt, and green energy |
| Year | 2023 |
| Published | |
| Abstract | The surge in global environmental degradation, which has resulted in a tremendous increase in species extinction, increased deforestation rates, and increased proximity to the 2-degree critical temperature thresholds, demands more attention. Although existing studies have examined the individual effects of technology innovation, external debt, and green energy consumption on various sustainable outcomes, no existing study has considered their interrelation focusing on the load capacity factor (LCF). Also, no existing study has examined the aforementioned variables' environmental impact by comparing the outcomes of CO2 emissions and LCF for MINT economies. This study, therefore, proposes a theoretical framework integrating these constructs, providing a roadmap for sustainable and effective mitigation strategies using MINT nations and comparing the LCF results to carbon emissions. By using data from 2002 to 2020 and the Driscoll-Kraay standard error estimator with fixed effects, we have found that while long-term external debt, renewable energy, and access to clean energy improve load capacity factor, changes in non-renewable energy and technological innovation decrease load capacity factor of MINT countries. We recommend that these nations prioritize investments in research and development to foster technological innovation across various sectors while enforcing environmental compliance to minimize the negative externalities associated with non-renewable activities. |
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