Environmental degradation, economic growth, and energy innovation: evidence from European countries

Ali, Muhammad; Raza, Syed Ali; Khamis, Bilal

doi:10.1007/s11356-020-09142-z

Cited by 50 publications

(19 citation statements)

References 49 publications

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“…Still, ambient air pollution is not an unavoidable consequence of modern economic growth [27,32,35,56,65,67,74,88,91], but the global requirement of eliminating the ambient air pollution will require courageous and fearless leadership, considerable new resources, mainly financial, from the EU community, and sweeping societal changes such as education and awareness [23,40,48,52,57]. Financial development, industrialization, the industrial sector, and urbanization are pointed in the literature as drivers of CO 2 emissions increases [23], and only renewable energy was found to reduce the environmental burden up to this moment in an effective way, at least for developed countries such as the EU 27 (see [23] for a comprehensive review of findings).…”

Section: Discussion and Policy Implicationsmentioning

confidence: 99%

“…The results indicated the presence of the EKC proposition and concluded for biomass consumption is negatively related to CO 2 emissions. Reference [ 57 ] analyzed the EKC relationship (environmental degradation and economic growth) and energy innovation for 33 European countries through FMOLS. The results support the Kuznets curve hypothesis and the authors argue how provide answers to policymakers, governments, individuals, and businessmen on how to increase the growth of business and economy without harming the environment.…”

Section: Framework and Literature Reviewmentioning

confidence: 99%

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Analysis of the New Kuznets Relationship: Considering Emissions of Carbon, Methanol, and Nitrous Oxide Greenhouse Gases—Evidence from EU Countries

Madaleno

Moutinho

2021

IJERPH

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Decreased greenhouse gas emissions (GHG) are urgently needed in view of global health threat represented by climate change. The goal of this paper is to test the validity of the Environmental Kuznets Curve (EKC) hypothesis, considering less common measures of environmental burden. For that, four different estimations are done, one considering total GHG emissions, and three more taking into account, individually, the three main GHG gases—carbon dioxide (CO2), nitrous oxide (N2O), and methane gas (CH4)—considering the oldest and most recent economies adhering to the EU27 (the EU 15 (Old Europe) and the EU 12 (New Europe)) separately. Using panel dynamic fixed effects (DFE), dynamic ordinary least squares (DOLS), and fully modified ordinary least squares (FMOLS) techniques, we validate the existence of a U-shaped relationship for all emission proxies considered, and groups of countries in the short-run. Some evidence of this effect also exists in the long-run. However, we were only able to validate the EKC hypothesis for the short-run in EU 12 under DOLS and the short and long-run using FMOLS. Confirmed is the fact that results are sensitive to models and measures adopted. Externalization of problems globally takes a longer period for national policies to correct, turning global measures harder and local environmental proxies more suitable to deeply explore the EKC hypothesis.

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Section: Discussion and Policy Implicationsmentioning

confidence: 99%

Section: Framework and Literature Reviewmentioning

confidence: 99%

Analysis of the New Kuznets Relationship: Considering Emissions of Carbon, Methanol, and Nitrous Oxide Greenhouse Gases—Evidence from EU Countries

Madaleno

Moutinho

2021

IJERPH

View full text Add to dashboard Cite

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“…1) The impact of energy innovations on the quality of the environment and the significance of globalization processes in this context (Baloch et al, 2021;Pless et al, 2020); 2) The impact of energy innovations on the activities of farmers in particular and on food security in general (Avgoustaki and Xydis, 2020); 3) The state of innovation activity in the energy sector with regard to the political decisions taken in the field of public administration (Ali et al, 2020); 4) Assessment of the effectiveness of reducing various costs associated with the implementation of energy innovations in the field of renewable energy (Elia et al, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

Methodology for Assessing Financial Results of Implementation of Energy Innovations Depending on their Progressiveness

Dudin

Засько

Dontsova

et al. 2022

IJEEP

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The purpose of this article is to develop a methodology that can be used for an objective assessment of financial results and to support managerial decision-making regarding the implementation of energy innovations. The methodology is developed using an interdisciplinary approach and is based on the fuzzy logic theory and method, which allows converting expert judgments and qualitative assessments into final quantitative indicators with some degree of confidence. The methodology includes five input variables that form a fuzzy set "progressivity versus regressivity of energy innovations". The article considers the main criteria based on which an energy innovation can be classified as technologically progressive or regressive. The article demonstrates the efficiency of the developed methodology drawing on the example of two projects for the implementation of energy innovations. The data obtained have shown that one of the innovations can be considered conditionally technologically progressive only by 46%, while the second is certainly technologically progressive by 92%. The conducted correction of the basic financial results allows demonstrating that the implementation project of a conditionally technologically progressive innovation is not cost-effective and requires an increase in capital expenditures or a reduction in expected revenues since it requires a balanced assessment of the feasibility of implementing innovation.

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“…These studies show a significant impact of economic growth and financial development on environmental degradation in developing countries and European countries (Kuznets curve). And to reduce carbon dioxide (CO2) emissions, it is necessary to expand the use of renewable energy sources (Raza et al , 2020; Ali et al , 2020). Countries with rapid economic growth face a huge burden of CO2 emissions, environmental problems and serious income inequality.…”

Section: Existing Review Of Literaturementioning

confidence: 99%

“…Other global studies show the impact of gross domestic product growth, urbanization and financial development on increasing CO2 emissions in the long run (Al-Mulali et al , 2015; Ullah et al , 2020; Ali, 2020).…”

Section: Existing Review Of Literaturementioning

confidence: 99%

Global and regional externalities of the Ukrainian energy sector

Skrypnyk

Klymenko

Voloshyn

et al. 2022

IJESM

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Purpose The purpose of this paper is to develop a methodology for assessing the effects of global and regional externalities that create traditional power generation industries and to propose a transition to a tariff strategy taking into account these consequences. The main purpose of the research is to analyze the current wholesale electricity tariffs in the energy market of Ukraine and propose their assessment taking into account external effects for other sectors of the economy. Design/methodology/approach At the first stage, according to observations for 2004–2019 on the amount of pollution and the cost of agricultural products in some regions of Ukraine, which is provided in 2010 prices, the impact of hazardous emissions on the cost of agricultural products was analyzed in each region. The use of panel regression allowed to combine spatial and temporal studies (12 separate areas and time interval 2004–2019). To assess the external effects of heat generation, panel regression was used, which made it possible to combine spatial and temporal data on the impact of pollution on the efficiency of agricultural production and add regional losses of agricultural business to the cost of heat generation. This paper uses optimization models to maximize the function of public utility of electricity generation, making allowances for externalities. Findings This research assesses the negative externalities of Ukraine's energy and confirms the need for a global transition to a low-carbon economy primarily through climate finance. The analysis revealed the presence of various influences of the factor of regional air pollution and time. The hypothesis of the existence of a negative impact of local air pollution on agricultural production has been confirmed. An increase in emissions by 1,000 tons leads to an average decrease in regional agricultural production by UAH 84 million (at the prices of 2010). Originality/value The optimization problem of the ratio of different types of generation is set on the basis of maximizing the function of social utility of electricity generation, taking into account external effects. The authors presented an optimization model of electricity generation, which corresponded to the state of the energy market for 2019, provides an opportunity to assess the contribution of the inverse external effects of each electricity sector and to estimate external tariffs for each electricity generation sector.

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Environmental degradation, economic growth, and energy innovation: evidence from European countries

Cited by 50 publications

References 49 publications

Analysis of the New Kuznets Relationship: Considering Emissions of Carbon, Methanol, and Nitrous Oxide Greenhouse Gases—Evidence from EU Countries

Analysis of the New Kuznets Relationship: Considering Emissions of Carbon, Methanol, and Nitrous Oxide Greenhouse Gases—Evidence from EU Countries

Methodology for Assessing Financial Results of Implementation of Energy Innovations Depending on their Progressiveness

Global and regional externalities of the Ukrainian energy sector

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