| Title | Testing the non-linear environmental effects of ongoing renewable energy transition in underdeveloped nations: The significance of technological innovation, governance, and financial globalization |
|---|---|
| ID_Doc | 33242 |
| Authors | Murshed, M |
| Title | Testing the non-linear environmental effects of ongoing renewable energy transition in underdeveloped nations: The significance of technological innovation, governance, and financial globalization |
| Year | 2024 |
| Published | |
| Abstract | Underdeveloped nations are often confronted with unsuccessful attempts made at containing their atmospheric discharges of carbon dioxide. In this regard, high fossil fuel dependency within these nations is assumed to be the major factor that has compromized their emission-abatement objectives. Notably, the renewable energy deployment rate in the majority of the underdeveloped nations worldwide has not only been below par but these nations have rather evolved to become more reliant on fossil fuels over time. Against this backdrop, this study considers a case study of 119 underdeveloped nations and explores the non-linear environmental effects of undergoing renewable energy transition, controlling for their levels of technological innovation, governance, and financial globalization. Overall, using data from 2001 to 2021 and employing advanced panel estimators, the findings in a nutshell endorse the inverted U-shaped relationship between more renewable energy use and per capita carbon dioxide emissions in the long run. Besides, improving governance quality is observed to impose emission-reducing effects while technological progress boosts emissions in the long run. By contrast, financial globalization is not witnessed to influence the long-run emission figures of the concerned underdeveloped nations. However, the findings are heterogeneous across underdeveloped nations belonging to different development stages and regional locations. Nevertheless, it is recommended that underdeveloped nations should design policies relevant to amplifying renewable energy deployment rates, develop green technologies, establish a sound democratic environment, and green their financial globalization policies in order to realize their carbon emission-abatement objectives. (c) 2024 International Association for Gondwana Research. Published by Elsevier B.V. All rights reserved. |
Similar Articles
| ID | Score | Article |
|---|---|---|
32054
|
Wang, R; Usman, M; Radulescu, M; Cifuentes-Faura, J; Balsalobre-Lorente, D Achieving ecological sustainability through technological innovations, financial development, foreign direct investment, and energy consumption in developing European countries(2023) | |
| 19792
|
Majeed, A; Ahmad, M; Rasheed, MF; Khan, MK; Popp, J; Olah, J The Dynamic Impact of Financial Globalization, Environmental Innovations and Energy Productivity on Renewable Energy Consumption: Evidence From Advanced Panel Techniques(2022) | |
| 33372
|
Alnour, M; Önden, A; Hasseb, M; Önden, I; Rehman, MZ; Esquivias, MA; Hossain, ME The Asymmetric Role of Financial Commitments to Renewable Energy Projects, Public R&D Expenditure, and Energy Patents in Sustainable Development Pathways(2024)Sustainability, 16.0, 13 | |
| 31364
|
Kamoun, M; Abdelkafi, I; Ghorbel, A Does Renewable Energy Technologies and Poverty Affect the Sustainable Growth in Emerging Countries?(2020)Journal Of The Knowledge Economy, 11, 3 | |
| 33163
|
Wang, L; Ye, FY; Lin, JL; Bibi, N Exploring the impact of climate technology, financial inclusion and renewable energy on ecological footprint: Evidence from top polluted economies(2024)Plos One, 19.0, 4 | |
| 31106
|
Saqib, N; Usman, M; Ozturk, I; Sharif, A Harnessing the synergistic impacts of environmental innovations, financial development, green growth, and ecological footprint through the lens of SDGs policies for countries exhibiting high ecological footprints(2024) | |
| 31524
|
Behera, P; Haldar, A; Sethi, N Achieving carbon neutrality target in the emerging economies: Role of renewable energy and green technology(2023) | |
| 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) | |
| 31166
|
Chen, YH; Zhou, Y; Raza, SA; Sarwar, S What we learn from nexus between greener growth and energy-related emissions: Sustainability perspective evidence in context of financial globalization(2024)Geological Journal, 59, 2 | |
| 33566
|
Chen, KR; Qammar, R; Quddus, A; Lyu, N; Alnafrah, I Interlinking dynamics of natural resources, financial development, industrialization, and energy intensity: Implications for natural resources policy in emerging seven countries(2024) |