Policies for carbon-zero targets: Examining the spillover effects of renewable energy and patent applications on environmental quality in Europe

Abban, Olivier Joseph; Nuţă, Alina Cristina; Nuţă, Florian Marcel; Borah, Prasad Siba; Ofori, Charles; Yao, Jianhua

doi:10.1016/j.eneco.2023.106954

Cited by 27 publications

(4 citation statements)

References 74 publications

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“…Also, Tawari et al [23], in the results of their conducted research, clearly indicate the need to implement appropriate economic policy (including tax) to reduce the so-called ecological footprint and dissemination of green technologies. Similarly, Abban et al [24], who focus more on the issue of reducing carbon dioxide emissions, note the need for active actions in this direction by various regulatory agencies. Some emphasize the specificity of this type of incentive, highlighting their flexibility and adaptability, which allows them to occupy a unique position among tools designed to serve ecological purposes.…”

Section: Literature Reviewmentioning

confidence: 99%

Taxation Preferences and the Uptake of Hybrid and Electric Vehicles in Poland’s Ten Largest Cities: A Case Study

Witkowski,

Kusio,

Fiore

et al. 2024

Sustainability

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The purpose of this article is to explore whether and based on what criteria local governments employ reduced tax rates on means of transportation to encourage hybrid and electric vehicles. The study also aims to determine if there has been a more rapid increase in the number of means of transportation powered entirely or partially by electricity in local government units that have implemented more substantial incentives. The study encompasses the ten largest cities in Poland and the years 2018–2020. To achieve the above research objectives, an analysis of the texts of the resolutions of the city councils was carried out in terms of the tax rates in effect during the selected period. On the basis of the relevant amounts provided in the resolutions, the amount of concessions resulting from the application of lower tax rates was calculated, and the criteria for the use of these concessions related to the level of emissivity were presented. To assess the potential correlation between the scale of tax preferences and the dynamics of growth in the number of hybrid and electric vehicles, a statistical tool in the form of Spearman’s rank correlation coefficient was used for a thorough data analysis. The results suggest that municipalities use their authority to introduce differentiated tax rates on means of transportation. However, those utilizing hybrid and electric vehicles are more likely to employ these powers on an equal basis, with owners of vehicles adhering to lower emission standards covered by EURO standards. In addition, there was no positive correlation between the amount of tax credits and the rate of growth in the number of reduced-emission vehicles. This work can foster a green mindset and societal nature-based new thinking.

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Section: Literature Reviewmentioning

confidence: 99%

Taxation Preferences and the Uptake of Hybrid and Electric Vehicles in Poland’s Ten Largest Cities: A Case Study

Witkowski,

Kusio,

Fiore

et al. 2024

Sustainability

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“…The relationship between renewable energy use and environmental impact has been extensively studied in the empirical literature. The majority of research articles listed in Table 3, including works by Philip et al [29], Sahoo and Sethi [36], Nathaniel et al [45], Usman et al [46], Wang et al [47], Rej et al [48], Abid et al [49], Raza et al [50], Nan et al [51], Wang et al [52], and Abban et al [53], have demonstrated a negative impact of renewable energy use on environmental impairment. However, studies by Raghutla et al [54] and Karada g Albayrak et al [55] identified a positive impact of renewable energy utilization on environmental impairment, while Tiwari et al [56] reported an insignificant relationship between ecological footprint and renewable energy use.…”

Section: Empirical Literature On the Environmental Effects Of Renewab...mentioning

confidence: 99%

“…Wang et al [52] investigated the determinants of the ecological footprint in 36 OECD countries from 1995 to 2028 using causality and cointegration tests, revealing a negative impact of renewable energy utilization on the ecological footprint and a bilateral causal relationship between the ecological footprint and renewable energy use. Lastly, Abban et al [53] demonstrated the negative impact of renewable energy on CO 2 emissions in European countries through a regression analysis.…”

Section: Empirical Literature On the Environmental Effects Of Renewab...mentioning

confidence: 99%

The Impact of Entrepreneurship and Education on the Ecological Footprint: Insights from the G-20 States

Karabetyan,

Sart

2023

Sustainability

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Environmental impairment has become a critical global issue. Therefore, identifying the drivers of environmental degradation is essential for addressing environmental challenges worldwide. This research article employs the Westerlund and Edgerton (2007) bootstrap cointegration test and the causality test of Juodis, Karavias, and Sarafidis (2021) to examine the interplay among entrepreneurial activities, education, renewable energy utilization, and ecological footprint in selected G-20 countries during 2002–2020. The causality analysis reveals a unidirectional causal relationship between entrepreneurial activities and education to ecological footprint, along with a feedback loop between ecological footprint and renewable energy utilization. Additionally, the cointegration analysis indicates that education, renewable energy utilization, and entrepreneurial activities generally reduce the ecological footprint in the long term for most of the countries studied. In conclusion, entrepreneurship, education, and renewable energy usage are significant factors in determining the ecological footprint in both short- and long-term scenarios. Hence, countries could leverage education, sustainable entrepreneurship, and renewable energy to enhance environmental quality.

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“…The world will continue to rely on fossil fuels for some time to come. Today, many nations believe that geothermal, tidal, solar, and wind energy will dominate our energy supplies in the future (Abban et al 2023). We currently rely excessively on energy sources that will inevitably run out.…”

Section: Introductionmentioning

confidence: 99%

The Nexus between Oil Consumption, Economic Growth, and Crude Oil Prices in Saudi Arabia

Alkofahi,

Bousrih

2024

Economies

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The energy revolution in Saudi Arabia has accelerated significantly since 2016, driven by the National Vision 2030. Significant changes to energy subsidies took place, and the renewable energy sector has seen rapid growth. The paper presents an empirical analysis of the Saudi energy transition by emphasizing the drivers of fuel consumption in KSA. It primarily attempts to explore the long-run (LR) connection between oil consumption and several economic variables such as economic growth, crude oil prices, investment, and the labor force in Saudi Arabia (KSA) from 1991 up to 2021. The paper implemented the vector error correction model (VECM) and performed different diagnostic tests to provide more evidence about the validity and robustness of the tests. The empirical findings highlighted how important the labor force, savings, GDP, and crude oil price are in determining oil consumption for KSA. The law of demand is significantly present, which negatively affects oil consumption for KSA as an oil exporting country. The results also supported the existence of a long-term direct correlation between the variables and oil consumption. Furthermore, the short-term estimation highlighted that only saving has a negative impact on oil consumption for a single lagged period. Our findings provide governments and regulators with further incentive to slow the expansion in oil consumption, as a larger labor force is demanding more oil to attain the target, faster economic growth, and increased savings are all contributing factors. Our findings are significant because they can assist policymakers, investors, and regulators in generating more efficient oil substitutes and making them affordable for the economy.

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Policies for carbon-zero targets: Examining the spillover effects of renewable energy and patent applications on environmental quality in Europe

Cited by 27 publications

References 74 publications

Taxation Preferences and the Uptake of Hybrid and Electric Vehicles in Poland’s Ten Largest Cities: A Case Study

Taxation Preferences and the Uptake of Hybrid and Electric Vehicles in Poland’s Ten Largest Cities: A Case Study

The Impact of Entrepreneurship and Education on the Ecological Footprint: Insights from the G-20 States

The Nexus between Oil Consumption, Economic Growth, and Crude Oil Prices in Saudi Arabia

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