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

被引:0
|
作者
Kwabena Agyarko Sarpong
Wanzhen Xu
Bright Akwasi Gyamfi
Elvis Kwame Ofori
机构
[1] Jiangsu University,School of the Environment and Safety Engineering
[2] Sir Padampat Singhania University,School of Management
[3] Zhengzhou University,School of Management Engineering
[4] Management Science and Engineering,undefined
关键词
Environmental tax; Renewable energy; Clean cooking technology; CO; emission; E7 economies;
D O I
暂无
中图分类号
学科分类号
摘要
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.
引用
收藏
页码:51726 / 51739
页数:13
相关论文
共 3 条
  • [1] Can environmental taxes and green-energy offer carbon-free E7 economies? An empirical analysis in the framework of COP-26
    Sarpong, Kwabena Agyarko
    Xu, Wanzhen
    Gyamfi, Bright Akwasi
    Ofori, Elvis Kwame
    [J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2023, 30 (18) : 51726 - 51739
  • [2] Renewable energy electricity, environmental taxes, and sustainable development: empirical evidence from E7 economies
    Ameer, Waqar
    Sibt e Ali, Muhammad
    Farooq, Fatima
    Ayub, Bakhtawer
    Waqas, Muhammad
    [J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2023, 31 (34) : 46178 - 46193
  • [3] A step towards carbon neutrality in E7: The role of environmental taxes, structural change, and green energy
    Sarpong, Kwabena Agyarko
    Xu, Wanzhen
    Gyamfi, Bright Akwasi
    Ofori, Elvis Kwame
    [J]. JOURNAL OF ENVIRONMENTAL MANAGEMENT, 2023, 337