How is energy transition shaping a path to common prosperity and sustainable economic growth?

IF 4 3区经济学 Q1 ECONOMICS

Economic Change and Restructuring Pub Date : 2024-02-17 DOI:10.1007/s10644-024-09624-x

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引用次数: 0

Abstract

This study assesses the impact of the transition to renewable energy and improved societal well-being on environmentally sustainable economies, concentrating on 20 major CO₂-emitting countries from 2000 to 2020. Employing the pooled mean group (PMG) method, the findings indicate that a 1% increase in fossil fuel consumption results in a significant short-term decline of approximately 0.22% and a more substantial long-term decrease of 0.43% in green growth. This decline is attributed to the exacerbation of environmental degradation through notable carbon emissions. Interestingly, a 1% increase in the Human Development Index (HDI) is associated with heightened green growth, indicating an increased awareness of environmental issues. Conversely, a 1% reduction in population has a negative impact on green growth, underscoring the importance of balancing population dynamics with sustainable development. Furthermore, diminished internet penetration, rural electrification, and poverty exert adverse effects on the green growth index. The implementation of practical policies for major CO₂ emitters is crucial, encompassing initiatives such as digitalizing the green finance market, promoting ICT diffusion, advancing regional green power generation, adopting eco-friendly practices in petroleum industries, and liberalizing green utilities trade. These measures are essential for fostering green growth, enhancing social prosperity, and mitigating environmental degradation.

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能源转型如何塑造共同繁荣和可持续经济增长之路？

摘要本研究以 2000 年至 2020 年 20 个主要二氧化碳排放国为对象，评估了向可再生能源过渡和改善社会福祉对环境可持续经济的影响。采用集合均值组（PMG）方法，研究结果表明，化石燃料消耗每增加 1%，绿色增长就会在短期内大幅下降约 0.22%，长期则会大幅下降 0.43%。这种下降归因于显著的碳排放加剧了环境退化。有趣的是，人类发展指数（HDI）每增加 1%，绿色增长就会增加，这表明人们对环境问题的认识有所提高。相反，人口每减少 1%，就会对绿色增长产生负面影响，这凸显了平衡人口动态与可持续发展的重要性。此外，互联网普及率下降、农村电气化和贫困也会对绿色增长指数产生不利影响。针对主要的二氧化碳排放国实施切实可行的政策至关重要，其中包括绿色金融市场数字化、促进信息和通信技术的普及、推进区域绿色发电、在石油工业中采用生态友好型做法以及开放绿色公用事业贸易等举措。这些措施对于促进绿色增长、增进社会繁荣和缓解环境退化至关重要。

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来源期刊

Economic Change and Restructuring ECONOMICS-

CiteScore

4.80

自引率

6.50%

发文量

期刊介绍： Economic Change and Restructuring has been accepted for SSCI and will get its first Impact Factor in 2020!Since the early 1990s fundamental changes in the world economy, under the auspices of increasing globalisation, have taken place On one hand, the disappearance of the centrally planned economies and the progressive formation of market-oriented economies, have brought about countless systematic changes, where new economic structures, institutions, competences and skills involve complex processes, changes which are still underway and which necessitate adaptation and restructuring to form competitive market economies. On the other hand, many developing economies are making great strides as regards economic reform and liberalisation, and are emerging as new global players. They show an innovative capacity to position themselves in the global economy and to compete with industrialised countries, which are generally believed to be witnessing the rapid erosion of their established positions. These developments are accompanied by the exacerbation of the world competition. Both processes involve transition and the emerging economies, in searching for a new role and scope for public policies and for a new balance between public and private partnership, seem to currently be converging, especially with respect to the policies needed to create appropriate and effective market institutions and integrated reform policies, and to increase the standards of the population''s education levels. Thus, liberalisation and development policies, in attempting to strike a difficult balance between social and environmental needs, must be integrated more coherently. This complexity calls for new analytical and empirical approaches that can explain these new phenomena, which often go beyond the over-simplified facts and conventional ''wisdom'' that emerged at the start of the transition in the early 1990s. Economic Change and Restructuring (formerly ''Economics of Planning''), by keeping abreast of developments affecting both transitional and emerging economies, is aimed to attract original empirical and policy analysis contributions that are focused on various issues, including macroeconomic analysis, fiscal issues, finance and banking, industrial and trade development, and regional and local development issues. The journal aspires to publish cutting edge research and to serve as a forum for economists and policymakers working in these fields.Officially cited as: Econ Change Restruct