Examining how environmental policy stringency, geopolitical risks, technological innovation, and renewable energy contribute to achieving sustainable development goals 7 and 13 policies in MINT countries
Qiao Zeng, Chao He, Babatunde Sunday Eweade, Abraham Ayobamiji Awosusi, Demet Eroğlu Sevinç, Yadi Yan
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引用次数: 0
Abstract
Climate change poses a significant threat to the global economy, environment, and human well-being, putting their long-term sustainability at risk. Based on this fact, the study investigates the heterogeneous effect of renewable energy consumption, environmental-related technologies, technological innovation, environmental policy stringency, and geopolitical risk on carbon emissions in MINT countries (Mexico, Indonesia, Nigeria, and Turkey) from 1990 to 2020. The study employs econometric techniques such as Dynamic Ordinary Least Squares, Fully Modified Ordinary Least Squares, Canonical Cointegration Regression, Feasible Generalized Least Squares, and Method of Moment Quantile Regression approaches to evaluate data attributes. The findings of MMQR demonstrate that renewable energy consumption and environmental policy stringency initially show a positive relationship with CO2 emissions across various quantiles. Environmental-related technologies, geopolitical risk, and technological innovation demonstrate a consistently negative impact on CO2 emissions. The causality tests indicate a bidirectional association among the variables. Based on the above results, policymakers should enhance funding for research and development in green technologies tailored to the specific needs of MINT countries and should align their national policies with relevant United Nations Sustainable Development Goals (SDGs), particularly Goals 7, 9, and 13.
期刊介绍:
Environmental Progress , a quarterly publication of the American Institute of Chemical Engineers, reports on critical issues like remediation and treatment of solid or aqueous wastes, air pollution, sustainability, and sustainable energy. Each issue helps chemical engineers (and those in related fields) stay on top of technological advances in all areas associated with the environment through feature articles, updates, book and software reviews, and editorials.