The path to sustainable environment: Do environmental taxes and governance matter?

Abstract

A poor environment, in turn, hurts the growth and well-being of the economy. This is because it reduces the quantity and quality of available resources or compromises health. Undoubtedly, economic growth and environmental degradation are closely linked. Hence, environmental taxes are introduced by countries to decrease environmental degradation caused by economic progress. This study checks the impact of environmental tax, governance, and energy prices on environmental quality in the context of organization for economic co-operation and development countries using data from 1996 to 2019. By utilizing a host of second-generation econometric methods, the study has empirically analyzed the impact of environmental tax and governance on environmental quality while considering the possible income and energy prices effect to avoid omitted variable bias. The long-run results indicate that environmental tax and governance increase environmental quality. The empirical results of this study are also used to suggest policy implications for these countries.

The growth impacts of agriculture value‐added, energy utilization, and environmental degradation in Pakistan: Causality in continuous wavelet transform approach

“…The OECD Global Forum on Environment reintroduced this concern, describing the depletion of natural resources and the health risks posed by ambient air pollution as important impediments of growth in the economy. Even though NITI Adebayo (2023) anticipated that the introduction and financial channelization of SDGs might aid in resolving ecological issues and maintaining the trajectory of the economic expansion, the study of (Abbasi et al, 2021; Liu et al, 2022; Liu et al, 2023) on the disrupters and drivers of economic growth found that environmental degradation is still a major disrupter of economic growth in Pakistan, and upsurge CO 2 emissions are a major contributor (Balcilar et al, 2019).…”

Impact of energy depletion, human development, and income distribution on natural resource sustainability

“…As a result of their study, Dogan and Aslan (2017) examined the relationship between real income, non-renewable and renewable energy consumption, and the openness of trade concerning pollutant emissions. Compared with non-renewable energy, trade liberalization and producing electricity by renewable resources hurt carbon emissions ( Ahmad et al, 2022 ; Khan et al, 2021e , 2022b ; Khan and Hou, 2021a ; Liu et al, 2022b , 2023 ). According to the results of this study, pollutant emissions and renewable energy consumption are bi-directionally causal, and real income is uni-directionally causally related to pollutant emissions, non-renewable energy to pollutant emissions, and liberalization of trade to pollutant emissions ( Hassan et al, 2022 ; Khan et al, 2021a , 2021f ; Khan and Hou, 2021b ; Zakari and Khan, 2022 ).…”

Environmental cost of food wastage: Integrated response through a mix of environmental policy instruments

“…Human behavior is administered by environmental governance policies and standards, along with the method of construction and carrying out resolutions, methodical evidence for decision‐making, and involvement of the community and major stakeholders (Liu et al, 2023). The environmental policy instruments broadly categorized as Economic Incentives, Command and control mechanism and moral suasion can be implemented to address the problem of food wastage.…”