The role of renewable energy and carbon dioxide emissions on the ESG market in European Union

IF 2.5 3区经济学 Q2 ECONOMICS

Managerial and Decision Economics Pub Date : 2024-07-15 DOI:10.1002/mde.4316

Kamel Si Mohammed, Ugur Korkut Pata, Vanessa Serret, Mustafa Tevfik Kartal

引用次数: 0

Abstract

In view of global climate problems, public interest in the environment has recently evolved over decision economics. Accordingly, this study assesses the impact of carbon emission allowances (CEA), information technology (IT), renewable energy generation (REG), and carbon dioxide (CO₂) on the environmental, social, governance (ESG) in the European Union (EU) by applying quantile-based models from January 2, 2019 to February 29, 2024. The outcomes demonstrate that CEA and IT have an increasing effect on the ESG with the moderating effect of economic policy uncertainty (EPU). REG has a declining effect on the ESG, while the EPU moderates the effect and makes the effect increasing across higher quantiles.

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可再生能源和二氧化碳排放对欧盟 ESG 市场的作用

鉴于全球气候问题，公众对环境的兴趣最近已超过了对决策经济学的兴趣。因此，本研究采用基于量子模型的方法，评估了从 2019 年 1 月 2 日至 2024 年 2 月 29 日期间，碳排放配额（CEA）、信息技术（IT）、可再生能源发电（REG）和二氧化碳（CO2）对欧盟（EU）环境、社会和治理（ESG）的影响。研究结果表明，在经济政策不确定性（EPU）的调节作用下，CEA 和 IT 对环境、社会和治理的影响呈上升趋势。REG 对 ESG 的影响呈下降趋势，而 EPU 对其影响具有调节作用，并使其影响在较高的量级上呈上升趋势。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Managerial and Decision Economics Multiple-

CiteScore

1.40

自引率

18.20%

发文量

242

期刊介绍： Managerial and Decision Economics will publish articles applying economic reasoning to managerial decision-making and management strategy.Management strategy concerns practical decisions that managers face about how to compete, how to succeed, and how to organize to achieve their goals. Economic thinking and analysis provides a critical foundation for strategic decision-making across a variety of dimensions. For example, economic insights may help in determining which activities to outsource and which to perfom internally. They can help unravel questions regarding what drives performance differences among firms and what allows these differences to persist. They can contribute to an appreciation of how industries, organizations, and capabilities evolve.