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Gondwana Research
Article . 2023 . Peer-reviewed
License: Elsevier TDM
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Role of green technology, environmental taxes, and green energy towards sustainable environment: Insights from sovereign Nordic countries by CS-ARDL approach

Authors: Sharif, Arshian; Kartal, Mustafa Tevfik; Bekun, Festus Victor; Pata, Ugur Korkut; Foon, Chan Ling; Kılıç Depren, Serpil;

Role of green technology, environmental taxes, and green energy towards sustainable environment: Insights from sovereign Nordic countries by CS-ARDL approach

Abstract

This study analyzes comprehensively the role of green technology, environmental taxes, and green energy toward a sustainable environment in 5 sovereign Nordic countries by also considering income and population. For this purpose, annual data of Nordic countries from 1995 to 2020 is extracted and the cross-sectional augmented autoregressive distributed lag (CS-ARDL) technique is applied to test short-run and long-run compatibilities of the indicators on carbon dioxide (CO2) emissions. Moreover, Augmented Mean Group (AMG) and Common Correlated Effects Mean Group (CCEMG) approaches are applied for robustness checks. The empirical results reveal that (i) green technology, environmental taxes, and green energy have a negative association with CO2 emissions in the both short-run and long-run; (ii) income and population have a positive association between CO2 emissions in the both short-run and long-run; (iii) AMG and CCEMG approaches report similar findings with the CS-ARDL and validate the robustness in turn. Thus, the empirical results confirm the contributing role of green technology, environmental taxes, and green energy toward a sustainable environment in 5 sovereign Nordic countries. Moreover, policy implications are discussed. © 2023 International Association for Gondwana Research

Country
Turkey
Keywords

CO<sub>2</sub>; Environmental Taxes; Green Energy; Green Technology; Nordic Countries

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    171
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    influence
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    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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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!
171
Top 1%
Top 10%
Top 0.1%