Investigating the role of environmental taxes and regulations for renewable energy consumption: evidence from developed economies

Bashir M. F., MA B., Bashir M. A., Radulesku M., Shahzad U.

Economic Research-Ekonomska Istrazivanja, vol.35, no.1, pp.1262-1284, 2022 (SSCI, Scopus) identifier

  • Nəşrin Növü: Article / Article
  • Cild: 35 Say: 1
  • Nəşr tarixi: 2022
  • Doi nömrəsi: 10.1080/1331677x.2021.1962383
  • jurnalın adı: Economic Research-Ekonomska Istrazivanja
  • Jurnalın baxıldığı indekslər: Social Sciences Citation Index (SSCI), Scopus, ABI/INFORM, Business Source Elite, Business Source Premier, CAB Abstracts, Central & Eastern European Academic Source (CEEAS), EconLit, Geobase, INSPEC, Veterinary Science Database, Directory of Open Access Journals
  • Səhifə sayı: pp.1262-1284
  • Açar sözlər: Environmental taxes, environmental technology, financial development, OECD countries, panel quantile regression, renewable energy consumption
  • Açıq Arxiv Kolleksiyası: Məqalə
  • Adres: Bəli

Qısa məlumat

The current study aims to explore the role of environmental taxes and regulations for the renewable energy consumption, focusing on reporting policy suggestions to overcome climate change issues and achieve environmental sustainability. The main objective of this paper is to examine the relation between renewable energy, environmental taxes, environmental technologies, and environmental regulations in 29 OECD countries during 1996–2018. More precisely, we inspect the impact of the environmental regulations and environmental technologies on the renewable energy consumption. The authors employ CIPS and CADF unit root tests, panel Westerlund co-integration test, FMOLS, and Quantile regression methods for the econometric analysis. The econometric analysis suggests that the environmental regulations impede the renewable energy consumption in OECD economies. The study suggests that environmental policy initiatives should focus on implementing environmental strategies to inspire cohesiveness between environmental regulations and the development of environmental technologies in order to promote the renewables industry in the developed countries.