Abstract
This paper proposes a novel model for the cyclical and non-linear association between innovation in green and sustainable technologies and carbon dioxide (CO2) emissions using foreign direct investment, gross domestic consumption, and renewable energy consumption as control variables for OECD economies. First, the findings validated the long-run cointegration among variables. Second, the significant long-term negative nexus between renewable energy consumption, positive shocks to innovation in green and sustainable technologies, and CO2 emission was validated. Third, income per capita (GDP) and the negative shocks to innovation in green and sustainable technologies contributed to the CO2 emissions. Based on these findings, this study offers some policy implications to mitigate CO2 emissions.
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source: World Bank (2016)
source: OECD green growth indicators (2020)
source: World Bank (2016)
source: World Bank (2016)
source: OECD green growth indicators (2020)
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Shoukat Iqbal Khattak: conceptualization, data curation, formal analysis, investigation, and methodology.
Manzoor Ahmad: writing (original draft) and writing (review and editing).
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Khattak, S.I., Ahmad, M. The cyclical impact of innovation in green and sustainable technologies on carbon dioxide emissions in OECD economies. Environ Sci Pollut Res 29, 33809–33825 (2022). https://doi.org/10.1007/s11356-022-18577-5
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DOI: https://doi.org/10.1007/s11356-022-18577-5