The Moroccan government has always advocated reducing energy intensity so as to reach the target of the sustainable development. The current study presents the connection between CO2 emission, energy intensity (EI), natural resource rents (NRRs), energy productivity (EP), and renewable energy (RE) by employing annual time-series data from 1990–2020 for Morocco. Using the ARDL model, the empirical findings illustrate that (i) increasing EI significantly contributes to carbon emissions, (ii) higher consumption of natural resources adversely affects CO2 emissions, and (iii) EP and RE are the key factors to mitigate carbon emissions in both the short term and long term, suggesting that these two factors strengthen the considerable impact of EI and the consumption of natural resources on carbon emissions. Nevertheless, the negative environmental effects are moderately neutralized by adopting significant clean and green energy consumption within the country. The outputs of the robustness test verify the reliability of the regression results. Moreover, a one-way Granger causality running from EI, EP, RE, and NRR to CO2 emissions indicates that any variation in these variables will cause CO2 emissions. The present study offers the latest insights by adding EP and RE into country development and will support government policy makers in decisions related to efficiently abating CO2 emissions.
Carbon neutrality has been widely acknowledged as a challenge to environmental mitigation and global climate change policy. The current study examines the association between collaboration in climate change mitigation technologies (CMTs), energy productivity (EP), natural resources rent (NRR), renewable energy consumption (REC), and environmentally related tax (ET) on CO2 emissions for a panel dataset of 30 OECD economies from 1990 to 2020. This paper employs panel data econometric techniques such as AMG, CCEMG, and CS-ARDL. The empirical outcomes show that CMTs, EP, REC, and ET have a negative effect on CO2 emissions, indicating that their increase will bring about the reduction of carbon emissions, whereas NRR has a positive impact on CO2 emissions, suggesting that its increase will raise CO2 emissions. Most interestingly, REC and EP play a leading role in all selected variables by decarbonizing and effectively converting conventional energy into clean, green energy in the process of energy production and utilization. Finally, the OECD countries are anticipated to transition their energy from conventional resources to renewable sources, which will be validated by the increase in energy productivity and the adoption of clean and green technology in the short term.
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