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Moderating role of carbon emission and institutional stability on renewable energy across developing countries

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  • Tang, Qianning
  • Shahla, Rzayeva
  • Leyla, Aliyeva
  • Sevinj, Huseynova

Abstract

To reduce the effects of carbon dioxide (CO2) emissions and achieve Sustainable Development Goals, financial resources and renewable energy are utilized in developing countries in Asia. Moderate economic development and renewable energy effects have determined the environmental impacts. The cross-sectional dependency second-generation stationary test and CS-ARDL approach were used to analyze the data from 2005 to 2021 from developing countries, which showed that institutional quality decreased negative environmental externality while globalization increased it. The environmental externalities produced by human capital and renewable energy are raised by both globalization and institutional quality. The effects of modifiers on evolution were quantified using dynamic elasticity measurements. Based on the findings of this study, a policy framework centered on the SDGs is advised.

Suggested Citation

  • Tang, Qianning & Shahla, Rzayeva & Leyla, Aliyeva & Sevinj, Huseynova, 2023. "Moderating role of carbon emission and institutional stability on renewable energy across developing countries," Renewable Energy, Elsevier, vol. 209(C), pages 413-419.
    • Handle: RePEc:eee:renene:v:209:y:2023:i:c:p:413-419
    DOI: 10.1016/j.renene.2023.03.113
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