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Sustainable Development
Article . 2022 . Peer-reviewed
License: CC BY
Data sources: Crossref
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
Sustainable Development
Article . 2022
Data sources: VIRTA
https://dx.doi.org/10.60692/92...
Other literature type . 2022
Data sources: Datacite
https://dx.doi.org/10.60692/3r...
Other literature type . 2022
Data sources: Datacite
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The influence of renewable energy and economic freedom aspects on ecological sustainability in the G7 countries

تأثير جوانب الطاقة المتجددة والحرية الاقتصادية على الاستدامة البيئية في دول مجموعة السبع
Authors: Alola, Andrew Adewale; Doganalp, Nihat; Obekpa; Hephzibah Onyeje;

The influence of renewable energy and economic freedom aspects on ecological sustainability in the G7 countries

Abstract

AbstractWith the exemption of Canada, the G‐7 countries have largely flourished at the detriment of their ecological sustainability bearing in mind that these countries' have remained ecologically deficit for several decades. Given the potential effect of environmental degradation associated with the trend of ecological deficit of these countries, this study attempts to understand the contribution of renewable energy dimensions through the measure of renewable energy efficiency and renewable energy use alongside evaluating the role of the four main aspects of economic freedom. By using empirical tools, the findings revealed that renewable energy aspects contribute to environmental sustainability among the countries through a significant mitigation of their ecological footprint. Importantly, the aspects of economic freedom, that is, government size, legal system and property rights, freedom to trade internationally, and regulation hampers environmental sustainability by increasing the countries ecological footprint. The elasticity of impact of this dimension of economic freedom is in the range of 0.19–0.21 at 1% statistically significant level. However, population of these countries does not show a detrimental effect, rather the finding revealed that population improves environmental quality by a statistically significant degree. Given these revelations, there are deducible policy take home from this study.

Countries
Finland, Finland
Keywords

690, Economics and Econometrics, Renewable energy, Economics, Population, Social Sciences, Economic Impact of Environmental Policies and Resources, Economic freedom, Natural resource economics, Sociology, Market economy, Indoor Air Pollution in Developing Countries, Ecological footprint, Public economics, Renewable Energy, Rebound Effect on Energy Efficiency and Consumption, Biology, Demography, Environmental quality, ta511, Energy, G-7 countries, Ecology, Renewable Energy, Sustainability and the Environment, fi=Taloustiede|en=Economics|, economic freedom, renewable energy, Pollution, FOS: Sociology, Economics, Econometrics and Finance, ecological footprint, Sustainability, FOS: Biological sciences, Environmental Science, Physical Sciences, sustainable development and environment

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    citations
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    29
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
29
Top 10%
Average
Top 10%
Green
hybrid