Does green environmental policy promote renewable energy consumption in BRICST? Fresh insights from panel quantile regression

Li, Xiaolong; Öztürk, İlknur; Syed, Qasim Raza; Hafeez, Muhammad; Sohail, Sidra

doi:10.1080/1331677x.2022.2038228

Cited by 43 publications

(24 citation statements)

References 51 publications

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“…Environmental regulations can stop the loosening of environmental policies and strengthen lobbying efforts to promote REC. The positive link between environmental regulations and REC is also supported by [ 24 , 36 ], who observed that green technologies are promoted by environmental policies and consequently increase renewable energy generation and consumption. Moreover, the works of [ 23 ] also align with our findings and suggest the positive role of environmental regulations on REC.…”

Section: Resultsmentioning

confidence: 80%

Eco-Innovation and Its Influence on Renewable Energy Demand: The Role of Environmental Law

Jafri

Liu

2023

IJERPH

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There is a consensus among the empirics regarding the positive role of renewable energy in mitigating the effects of climate change. Hence, it is vital to search for the factors that can promote renewable energy demand. As a result, this analysis investigates the impact of educational attainment, environmental law, and innovation on renewable energy consumption (REC) in China. From empirical estimates, we confer that the long-run estimates attached to the environment-related taxes and environmental policy stringency are positive and significant, implying that both these factors increase the REC in China in the long run. Similarly, the estimated coefficients of environment-related technologies and patent applications are significantly positive, confirming that environmental and other technologies give rise to REC in the long run. Likewise, the long-run estimates of education are significantly positive in both models, which confer that REC increases along with an increase in average years of schooling. Lastly, the estimates of CO2 emissions are significantly positive in the long run. These results imply that policymakers should invest in research and development activities that are crucial for promoting eco-innovation and renewable energy demand. In addition, strict environmental laws should be introduced to induce firms and businesses to invest in clean energy.

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Section: Resultsmentioning

confidence: 80%

Eco-Innovation and Its Influence on Renewable Energy Demand: The Role of Environmental Law

Jafri

Liu

2023

IJERPH

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“…The second viewed is tied to to-down strategic level. According to this view, green finance must show compliance with ESG standards (Ainou et al, 2022;Dyllick and Hockerts, 2002;Li et al, 2022;Khan and Ozturk, 2021). Moreover, it also should be integrated at governmental level in order to develop sustainable policies and modify financial services in order to green development (Umar et al, 2021).…”

Section: Green Finance and Carbon Emissionsmentioning

confidence: 99%

Green Finance, Innovation, Agriculture Finance and Sustainable Economic Development: The Case of Indonesia’s Provincial Carbon Emissions

Taridala

Alzarliani²,

Fauziyah³

et al. 2023

IJEEP

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Indonesia is struggling with utmost pressure to restrict carbon emissions as it is included in those emerging economies who are recognized as highest carbon emitters. Nevertheless, the Indonesian government is showing remarkable effort to reduce the emissions and set a planned goal to achieve low carbon economy. However, the major reliance on fossil fuels to maintain economic growth is creating obstacles for country. To explore that what tools could be helpful in the scenario to support country’s goal. The study intends to measure the role green finance, innovation, agriculture finance and sustainable economic development in gauging carbon intensity. The paper used two indicators to measure sustainable economic development; GDP per capita and renewable energy consumption. The panel data is used in the study which is extracted from 30 provinces of Indonesia in the time span of 2006-2020. The study used OLS fixed effect model and quantile regression technique to assess the relationship between explained variable and explanatory variables. Findings echo that with the increase in economic growth, carbon intensity also starts increasing. However, green finance, innovation, agriculture finance and renewable energy are significant tools to reduce the emissions. Furthermore, confirmation of findings was done through quantile regression analysis. The paper presents several implications as well on the basis of empirical evidence which are of great help for country.

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“…Much literature has been devoted to exploring the link between renewable energy consumption and economic growth (Chen et al, 2020). This body of work has primarily examined four plausible hypotheses including the feedback hypothesis, where it is assumed that renewable energy consumption and economic growth have a mutually beneficial relationship (Apergis and Danuletiu, 2014;Apergis and Payne, 2010;2012;Belaïd and Zrelli, 2019;Kahia et al, 2017;Lin and Moubarak, 2014;Narayan and Doytch, 2017;Salim et al, 2014;Li et al, 2022;Salim and Rafiq, 2012); the growth hypothesis, which proposes that only renewable energy consumption leads to economic growth (Bhattacharya et al, 2016;2017;Fang, 2011;Inglesi-Lotz, 2016;Magnani and Vaona, 2013;Rafindadi and Ozturk, 2016); the conservative hypothesis, suggesting that only economic growth leads to an upsurge in renewable energy consumption (Inglesi-Lotz and Dogan, 2018;Menyah and Wolde-Rufael, 2010); and finally, the neutrality hypothesis which suggests that there is no significant relationship between these two variables (Bulut and Muratoglu, 2018;Menegaki, 2011).…”

Section: Gdp and Renewable Energymentioning

confidence: 99%

Renewable Energy, GDP (Gross Domestic Product), FDI (Foreign Direct Investment) and CO2 Emissions in Southeast Asia Countries

Ngoc

2023

IJEEP

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The increasing rate of economic growth and globalization of the global economy has raised concerns regarding sustainable development, and renewable energy is being explored as a possible solution. The interrelationship between economics, environment, and energy consumption has been widely researched amongst academics worldwide; however, due to the inconsistent results, further exploration is needed to clarify the matter. Thus, this study seeks to investigate potential factors such as foreign direct investment (FDI), gross domestic product (GDP), and carbon dioxide (CO2) emissions that impact renewable energy consumption in countries within Southeast Asia. This research suggests that FDI flows bring positive aspects to the region's renewable energy sector while GDP and CO2 emissions have negative impacts. These findings can thus be employed as baseline information for future policies that strive to expand renewable energy activities in the region.

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Does green environmental policy promote renewable energy consumption in BRICST? Fresh insights from panel quantile regression

Cited by 43 publications

References 51 publications

Eco-Innovation and Its Influence on Renewable Energy Demand: The Role of Environmental Law

Eco-Innovation and Its Influence on Renewable Energy Demand: The Role of Environmental Law

Green Finance, Innovation, Agriculture Finance and Sustainable Economic Development: The Case of Indonesia’s Provincial Carbon Emissions

Renewable Energy, GDP (Gross Domestic Product), FDI (Foreign Direct Investment) and CO2 Emissions in Southeast Asia Countries

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