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DOI10.1016/j.renene.2023.01.049
How energy transition and environmental innovation ensure environmental sustainability? Contextual evidence from Top-10 manufacturing countries
Bashir, Muhammad Farhan; Pan, Yanchun; Shahbaz, Muhammad; Ghosh, Sudeshna
发表日期2023
ISSN0960-1481
EISSN1879-0682
起始页码697
结束页码709
卷号204
英文摘要Through the United Nations Climate Change Conferences, industrial economies have been urged to formulate stringent environmental regulations. This study adds to the current deliberations by exploring the role of energy transition and environmental innovation on ecological footprint for the top ten manufacturing countries. The time period of analysis runs from 1995 to 2019. We have added other energy and macro variables to reduce the omitted variable bias. The panel estimation methods confirm significant association across the concerned variables. Our findings from CS-ARDL, AMG, CCEMG, and FMOLS confirm that environmental innovation, renewable energy and energy transition have a significant negative association on ecological footprint. On contrary, financial development, economic growth and urbanization lead to environmental deterioration. Given the findings we propose some policy suggestions. In particular governments should foster technological and structural changes that are necessary for energy transition to enhance long-run economic efficiency. Further the manufacturing economies should encourage renewable energy consumption to reduce the burden on ecological footprint. To this end the countries can foster development of solar industry and upgradation of infrastructure in the context of other renewables.
英文关键词Ecological footprint; Energy transition; Environmental innovation; Renewable energy; Top-10 manufacturing countries
语种英语
WOS研究方向Green & Sustainable Science & Technology ; Energy & Fuels
WOS类目Science Citation Index Expanded (SCI-EXPANDED)
WOS记录号WOS:000923768600001
来源期刊RENEWABLE ENERGY
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/281352
作者单位Shenzhen University; Beijing Institute of Technology
推荐引用方式
GB/T 7714
Bashir, Muhammad Farhan,Pan, Yanchun,Shahbaz, Muhammad,et al. How energy transition and environmental innovation ensure environmental sustainability? Contextual evidence from Top-10 manufacturing countries[J],2023,204.
APA Bashir, Muhammad Farhan,Pan, Yanchun,Shahbaz, Muhammad,&Ghosh, Sudeshna.(2023).How energy transition and environmental innovation ensure environmental sustainability? Contextual evidence from Top-10 manufacturing countries.RENEWABLE ENERGY,204.
MLA Bashir, Muhammad Farhan,et al."How energy transition and environmental innovation ensure environmental sustainability? Contextual evidence from Top-10 manufacturing countries".RENEWABLE ENERGY 204(2023).
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