Revamping Energy Sector with a Trusted Network

Aoun, Alain; Ghandour, Mazen; Ilinca, Adrian; Ibrahim, Hussein

doi:10.1002/9781119865247.ch8

Cited by 2 publications

(1 citation statement)

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“…The traditional model seems to be failing the world on its quest to reduce carbon emissions and make the world safer (Aoun et al 2022;Srivastava et al 2022). Pressuring governments all around the globe to find an efficient way to reduce air pollution and prevent climate change.…”

Section: Introductionmentioning

confidence: 99%

Can environmental taxes and green-energy offer carbon-free E7 economies? An empirical analysis in the framework of COP-26

Sarpong

Gyamfi

et al. 2023

Environ Sci Pollut Res

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The main cause of environmental degradation is carbon emissions, which puts environmental sustainability in jeopardy. This ecological worry, the obligation for which falls on all economic actors, has not gone undetected, and so in 2021, the Glasgow Climate Pact (COP: 26) was organized, with the primary aim of decreasing global carbon emissions. Because the Post-Glasgow Agreement goals represent a significant challenge to achieving ecological responsibility, pressure is applied to the participating nations. However, earlier literature lacked sufficient investigation of factors useful for the mitigation of carbon emissions in E7 (China, Turkey, India, Russia, Brazil, Indonesia, and Mexico) economies. Hence, we aim to fill this research vacuum by predicting the impact of clean fuels and cooking technology availability, renewable energy, and environmental taxes on E7 economies’ carbon emissions from 2000 to 2020, while taking urbanization and population expansion into account. Evaluation is done using four different cross-sectional dependence (CSD) methods, as well as unit root tests (CIPS and CADF), cointegration analysis (Westerlund and Kao), and the Driscoll-Kraay and quantile-on-quantile long-run factor estimate methods. The long-run analysis revealed from our findings that environmental tax, renewable energy, and access to clean fuels and technologies for cooking decrease carbon emission for the E7 economies. On the other hand, urbanization and population growth enhance emissions for the E7 economies. Finally, our results hold up under a variety of policy interpretations that would aid in reducing carbon emissions and their negative effects on the environment.

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Section: Introductionmentioning

confidence: 99%