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

Ekonomska Istraživanja

Benjiang MA¹  Muhammad Farhan Bashir¹  Magdalena Radulescu²  Muhammad Adnan Bashir³  Umer Shahzad⁴ 

[1] Business School, Central South University;Department of Finance, Accounting and Economics, University of Pitesti;School of Economics, Nankai University;School of Statistics and Applied Mathematics, Anhui University of Finance and Economics;

关键词: environmental taxes;    environmental technology;    renewable energy consumption;    financial development;    oecd countries;    panel quantile regression;   

DOI  :  10.1080/1331677X.2021.1962383

来源: DOAJ

【 摘 要 】

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.

【 授权许可】

Unknown