How do renewable energy and innovation impact environmental quality in different countries?
Renewable energy production leads to reduced carbon dioxide emissions in countries that are members of the Organization for Economic Co-operation and Development (OECD) but increased emissions in emerging economies, according to the results of a study published in the Natural Resources Forum. A similar disparity was seen when considering the environmental impacts of innovation. (The OECD is an international organization that works to build better policies for better lives. Thirty-eight countries around the world are currently members.)
Regarding institutional quality—the measure of the effectiveness and efficiency of a country’s institutions—higher quality was linked to fewer emissions in OECD countries but more carbon dioxide emissions in emerging economies. Furthermore, economic globalization improved environmental quality in OECD countries but worsened environmental quality in emerging economies.
Economic growth appeared to enhance environmental quality in both sets of countries.
“These findings provide valuable insights for shaping renewable energy policies, fostering innovation, promoting economic growth, enhancing institutional quality, and harnessing globalization efforts to reduce carbon dioxide emissions and enhance environmental quality,” the authors wrote.
URL upon publication: https://onlinelibrary.wiley.com/doi/10.1111/1477-8947.12420
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Natural Resources Forum, a United Nations Sustainable Development Journal, seeks to address gaps in current knowledge and stimulate relevant policy discussions, leading to the implementation of the sustainable development agenda and the achievement of the Sustainable Development Goals.
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JOURNAL
Natural Resources Forum
ARTICLE TITLE
A Comparative Study on The Moderating Impact of Renewable Energy and Innovation on Environmental Quality
ARTICLE PUBLICATION DATE
21-Feb-2024
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