Moving toward the sustainable environment of European Union countries: Investigating the effect of natural resources and green budgeting on environmental quality

Aydın, Mücahit; Sogut, Yasin; Altundemir, Mehmet Emin

doi:10.1016/j.resourpol.2023.103737

Cited by 19 publications

(8 citation statements)

References 74 publications

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“…The research provides valuable insights into how productivity in resource and energy use, combined with integrating renewable energy sources, can significantly reduce environmental degradation. The output emphasized the necessity of transitioning towards more sustainable energy systems and resource utilization strategies to achieve environmental quality and sustainability goals [38,39].…”

Section: Discussionmentioning

confidence: 99%

A Spotlight on Environmental Sustainability in View of the European Green Deal

Stefanis,

Stavropoulos,

Stavropoulou

et al. 2024

Sustainability

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This bibliometric study investigates the scientific landscape of environmental sustainability within the European Green Deal (EGD) framework. Utilizing data from the Scopus and Science Direct databases, the study aims to map research trends and frontiers, providing a comprehensive overview of the evolving discourse on sustainability. The EGD’s ambitious goal to render the European Union climate-neutral by 2050 is highlighted, showcasing its significant impact across multiple sectors. The study reveals the integration of new methods and broadening research scopes by employing modern bibliometric techniques. Key thematic focuses include the transition to a circular economy and the emphasis on sustainable resource management, underpinning the EGD’s comprehensive approach to combining economic growth with environmental protection. The analysis unveils the critical role of technological innovation and policy reforms in advancing toward a sustainable, competitive, and climate-neutral economy. The research demonstrates the pivotal role of empirical studies in guiding policy formulation and implementation, showing how targeted measures in resource and energy productivity, combined with a decisive shift towards renewable energy, are integral to fostering a sustainable, competitive, and climate-neutral economy. This convergence of findings reinforces the argument that a multifaceted approach, encompassing policy, technology, and innovation, is essential for navigating the challenges of environmental sustainability and climate change, aligning closely with the overarching aims of the EGD.

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Section: Discussionmentioning

confidence: 99%

A Spotlight on Environmental Sustainability in View of the European Green Deal

Stefanis,

Stavropoulos,

Stavropoulou

et al. 2024

Sustainability

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“…In this instance, products that cause less environmental harm will be produced, reducing ECOF and improving environmental quality (Borozan 2022 ). Aydin et al ( 2023b ) analyzed the relationship between economic growth and ECOF for 20 EU countries between 1990 and 2018. Empirical research has concluded that economic growth increases ECOF.…”

Section: Literature Reviewmentioning

confidence: 99%

The role of environmental technologies, institutional quality, and globalization on environmental sustainability in European Union countries: new evidence from advanced panel data estimations

Aydin,

Sogut,

Erdem

2024

Environ Sci Pollut Res

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Factors such as investments in environmentally clean technologies, globalization, and institutional quality significantly increase environmental quality. The study aims to provide light on how environmental technologies, institutional quality, globalization, and economic growth affect a sustainable environment. In addition, this study evaluates the European Union’s carbon zero target by 2050 and the results of achieving carbon neutrality by 2030, which was put on the agenda at the UN Climate Change Conference of the Parties (COP-26). For this purpose, ten countries (Germany, Austria, Denmark, Finland, France, Netherlands, Spain, Italy, Sweden, and Switzerland) that invest in the highest environmental technology in the European Union were selected in the study. The data range of the study is from 1990 to 2019. Also, the validity of the load capacity curve (LCC) hypothesis was investigated in these countries. The CCEMG and DCCE estimators were used to estimate long-run coefficients. When the panel was assessed as a whole, the LCC hypothesis was determined to be valid by both estimators. According to country-based results, it has been determined that the LCC hypothesis is valid only for Spain. The study also includes the following observations. (i) Environmental technologies increase LCF for Austria, improving environmental quality. (ii) Globalization reduces LCF for Austria. (iii) Institutional quality variable decreases LCF for Austria and increases LCF for Germany and France. These findings suggest that to attain a sustainable environment in the future, policymakers should raise research and development budgets for environmental technology, enhance the standards of institutions, and take globalization into account. Graphical abstract

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“…In the short term, establishing REN facilities and increasing the use of REN sources may cause negative environmental effects due to using fossil fuels in production and transportation. However, it is possible to reduce environmental pollution and ensure sustainability with ongoing innovations and investments in energy efficiency, as well as REN production, storage, and transportation (Aydin, Sogut, & Altundemir, 2023). Although our panel results cannot confirm the impact of green innovation and technological diffusion on environmental sustainability, it should be noted that R&D activities and technological developments in this field can make significant contributions in the long run.…”

Section: Conclusion and Policy Recommendationsmentioning

confidence: 99%

The impact of clean energy consumption, green innovation, and technological diffusion on environmental sustainability: New evidence from load capacity curve hypothesis for 10 European Union countries

Aydin,

Degirmenci

2023

Sustainable Development

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Today, when climate change and environmental degradation are experienced, environmental sustainability comes to the fore. The most important component of environmental sustainability is undoubtedly technology and innovation. This study examines the effects of clean energy consumption, green innovation, and technological diffusion on environmental sustainability from 1990 to 2018 in selected European Union countries. This relationship has been frequently examined in the literature within the framework of the environmental Kuznets curve (EKC) hypothesis. The number of studies examining it within the load capacity curve (LCC) hypothesis framework is negligible. This study aims to fill the gap in the literature in the context of examining the relationship within the framework of the LCC hypothesis. For this purpose, Westerlund's (2008) panel cointegration test was applied, and cointegration was determined in the LCC model. Three different long‐term estimators, namely rCCE, DCCE, and AMG, were used to test the validity of the hypothesis. Although the results obtained for the entire panel say that the LCC hypothesis is not valid, evidence for the existence of the hypothesis has been identified in the country‐based results. Accordingly, the LCC hypothesis is valid for Denmark, France, Portugal, and Spain. Overall, green innovation and technological diffusion are essential to encourage the spread of environmentally friendly practices and to leave a more livable world for future generations.

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Moving toward the sustainable environment of European Union countries: Investigating the effect of natural resources and green budgeting on environmental quality

Cited by 19 publications

References 74 publications

A Spotlight on Environmental Sustainability in View of the European Green Deal

A Spotlight on Environmental Sustainability in View of the European Green Deal

The role of environmental technologies, institutional quality, and globalization on environmental sustainability in European Union countries: new evidence from advanced panel data estimations

The impact of clean energy consumption, green innovation, and technological diffusion on environmental sustainability: New evidence from load capacity curve hypothesis for 10 European Union countries

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