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Environmental Science and Pollution Research
Article . 2023 . Peer-reviewed
License: Springer Nature TDM
Data sources: Crossref
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The impacts of renewable energy and institutional quality in environmental sustainability in the context of the sustainable development goals: A novel approach with the inverted load capacity factor

Authors: Mehmet Metin DAM; Cem Işık; Serdar Ongan;

The impacts of renewable energy and institutional quality in environmental sustainability in the context of the sustainable development goals: A novel approach with the inverted load capacity factor

Abstract

It is crucial to fulfill sustainable development goals in combating environmental pollution. Recently, there has been a growing literature on environmental pollution; however, while many proxies represent environmental pollution, few proxies represent environmental sustainability. In this paper, we examine the effects of institutional quality (SDG-16), economic growth (SDG-8), and renewable energy (SDG-7) on the inverted load capacity factor (SDG-13) in OECD countries from 1999 to 2018. The objective is to ensure environmental sustainability within the Sustainable Development Goals (SDGs) framework. In this respect, the study differs from the existing literature by approaching the sustainable environment literature from a broader perspective. Long-term empirical estimates from the PMG-ARDL technique have shown that institutional quality, reel income, and population increase the inverted load capacity factor, that is, decrease environmental sustainability. However, on the contrary, renewable energy decreases the inverted load capacity factor. Therefore, renewable energy consumption helps reach SDG-7 and SDG-13 in OECD countries. In addition, it is found that economic growth is significant both in the long run and in the short run, and the impact of economic growth on the environment is greater in the short run than in the long run. This result supports the environmental Kuznets curve (EKC) hypothesis for OECD countries. The panel causality test results find a bidirectional causality relationship from renewable energy and population to inverted load capacity factor and a unidirectional causality relationship from institutional quality to inverted load capacity factor. This study argues that policymakers should concentrate on deploying environmentally friendly technology to slow down environmental degradation, increase the usage of renewable energy sources, and promote sustainable development in line with the SDGs.

Keywords

Renewable Energy, Economic Development, Sustainable Development, Carbon Dioxide, Environmental Pollution

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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%
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