Moderating role of carbon emission and institutional stability on renewable energy across developing countries

Tang Q., Shahla R., Leyla A., Sevinj H.

RENEWABLE ENERGY, vol.209, pp.413-419, 2023 (SCI-Expanded) identifier identifier

  • Publication Type: Article / Article
  • Volume: 209
  • Publication Date: 2023
  • Doi Number: 10.1016/j.renene.2023.03.113
  • Journal Name: RENEWABLE ENERGY
  • Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus, Academic Search Premier, PASCAL, Aerospace Database, Aquatic Science & Fisheries Abstracts (ASFA), CAB Abstracts, Communication Abstracts, Compendex, Environment Index, Geobase, Greenfile, Index Islamicus, INSPEC, Pollution Abstracts, Public Affairs Index, Veterinary Science Database, DIALNET, Civil Engineering Abstracts
  • Page Numbers: pp.413-419
  • Azerbaijan State University of Economics (UNEC) Affiliated: Yes

Abstract

To reduce the effects of carbon dioxide (CO2) emissions and achieve Sustainable Development Goals, financial resources and renewable energy are utilized in developing countries in Asia. Moderate economic development and renewable energy effects have determined the environmental impacts. The cross-sectional dependency second-generation stationary test and CS-ARDL approach were used to analyze the data from 2005 to 2021 from developing countries, which showed that institutional quality decreased negative environmental externality while globalization increased it. The environmental externalities produced by human capital and renewable energy are raised by both globalization and institutional quality. The effects of modifiers on evolution were quantified using dynamic elasticity measurements. Based on the findings of this study, a policy framework centered on the SDGs is advised.