Environmental Studies and Forestry

Do innovation and renewable energy transition play their role in environmental sustainability in Western Europe?

H. Mahmood, A. U. R. Irshad, et al.

This study by Haider Mahmood, Ateeq ur Rehman Irshad, and Muhammad Tanveer explores how renewable energy transition and innovation play crucial roles in lowering CO2 emissions across 25 Western European nations. With significant insights into the Environmental Kuznets Curve, the research underscores the importance of fostering policies that support renewable energy and innovation for a sustainable future.

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Abstract

This study investigates the impact of renewable energy transition (RET), patents (as a proxy for innovation), and economic growth on CO2 emissions in 25 Western European countries from 1995 to 2020. Using cross-sectional dependence techniques, the findings reveal an Environmental Kuznets Curve (EKC) with a turning point at a GDP per capita of $50,287. RET significantly reduces CO2 emissions in both the short and long run, while patents exhibit a negative long-run effect but no short-run impact. The study suggests policies promoting RET and innovation to enhance environmental sustainability.

Publisher

HUMANITIES AND SOCIAL SCIENCES COMMUNICATIONS

Published On

Jan 02, 2024

Authors

Haider Mahmood, Ateeq ur Rehman Irshad, Muhammad Tanveer

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