IDEAS home Printed from https://ideas.repec.org/a/taf/reroxx/v36y2023i2p2140306.html
   My bibliography  Save this article

Energy efficiency, carbon neutrality and technological innovation: a strategic move towards green economy

Author

Listed:
  • Syed Abdul Rehman Khan
  • Zhang Yu
  • Ibrahim Lanre Ridwan
  • Ateeq ur Rehman Irshad
  • Pablo Ponce
  • Muhammad Tanveer

Abstract

Through a production process based on low carbon emissions, achieving sustainable development is the desired goal of the various social and political actors around the world. However, achieving this requires energy policies focused on the factors that determine green economic growth (GEG). Consequently, the current study investigates the long-run nexus between GEG and some factors that determine its behaviour using annual data from 1990 to 2020 for the Organization for Economic Co-operation and Development. The empirical evidence relies on second-generation estimators comprising cross-sectional dependence tests, Westerlund tests, and method of moment quantile regression. Feedbacks from the empirical analyses uncover the pertinence of energy efficiency, renewable energy, and technology as positive predictors of GEG. Complementarily, the findings reveal that the Integrity of the Government plays an essential role in implementing more efficient and environmentally friendly production processes. From the results found, several policy suggestions are derived from being considered to develop an energy policy aimed at mitigating environmental degradation.

Suggested Citation

  • Syed Abdul Rehman Khan & Zhang Yu & Ibrahim Lanre Ridwan & Ateeq ur Rehman Irshad & Pablo Ponce & Muhammad Tanveer, 2023. "Energy efficiency, carbon neutrality and technological innovation: a strategic move towards green economy," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 36(2), pages 2140306-214, July.
    • Handle: RePEc:taf:reroxx:v:36:y:2023:i:2:p:2140306
    DOI: 10.1080/1331677X.2022.2140306
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1331677X.2022.2140306
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1331677X.2022.2140306?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Fengjiao Zhou & Mohamad Shaharudin bin Samsurijan & Ridwan Lanre Ibrahim & Kazeem Bello Ajide, 2024. "The conditioning role of institutions in the nonrenewable and renewable energy, trade openness, and sustainable environment nexuses: a roadmap towards sustainable development," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(8), pages 19597-19626, August.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:reroxx:v:36:y:2023:i:2:p:2140306. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rero .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.