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Sustainability
Article . 2023 . Peer-reviewed
License: CC BY
Data sources: Crossref
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Sustainability
Article . 2023
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Carbon Neutrality Challenge: Analyse the Role of Energy Productivity, Renewable Energy, and Collaboration in Climate Mitigation Technology in OECD Economies

Authors: Xiuqin Zhang; Xudong Shi; Yasir Khan; Taimoor Hassan; Mohamed Marie;

Carbon Neutrality Challenge: Analyse the Role of Energy Productivity, Renewable Energy, and Collaboration in Climate Mitigation Technology in OECD Economies

Abstract

Carbon neutrality has been widely acknowledged as a challenge to environmental mitigation and global climate change policy. The current study examines the association between collaboration in climate change mitigation technologies (CMTs), energy productivity (EP), natural resources rent (NRR), renewable energy consumption (REC), and environmentally related tax (ET) on CO2 emissions for a panel dataset of 30 OECD economies from 1990 to 2020. This paper employs panel data econometric techniques such as AMG, CCEMG, and CS-ARDL. The empirical outcomes show that CMTs, EP, REC, and ET have a negative effect on CO2 emissions, indicating that their increase will bring about the reduction of carbon emissions, whereas NRR has a positive impact on CO2 emissions, suggesting that its increase will raise CO2 emissions. Most interestingly, REC and EP play a leading role in all selected variables by decarbonizing and effectively converting conventional energy into clean, green energy in the process of energy production and utilization. Finally, the OECD countries are anticipated to transition their energy from conventional resources to renewable sources, which will be validated by the increase in energy productivity and the adoption of clean and green technology in the short term.

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Keywords

environmental tax, Environmental effects of industries and plants, energy productivity, TJ807-830, TD194-195, Renewable energy sources, Environmental sciences, CO<sub>2</sub> emissions, OECD, GE1-350, climate mitigation technologies

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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).
    21
    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!
21
Top 10%
Average
Top 10%
gold