Environmental quality has become an important concern and topic of research recently in preceding studies. Several factors includes in environmental degradation such as the usage of energy from fossil fuels, releasing of high carbon dioxide, sulfur dioxide and air pollution, greenhouse effect and so on. Mixed conclusion has been achieved by studying several factors related to environmental quality in the prevailing literature. The current study therefore explore the relationship of environmental factors by taking into consideration the role of institutional quality and technological progress in the global panel of 188 countries. Panel data for the period of 2002 to 2018 is used and have applied both static and dynamic models includes OLS, fixed effect, GMM and system GMM models. The findings indicate that the use of renewable energy form renewable sources instead of energy use from fossil fuels has been found beneficial for environment as non-renewable energy consumption increase carbon emission in our results. Financial development positively while FDI have negative impact on carbon emission. Technological progress exerts positive impact where most of institutional quality variables have been found significant for carbon emission. The findings suggest policy makers on further polices by using renewable energy sources and suggest focusing on technological innovation and funding renewable energy projects through financial institutions to achieve higher quality of environment.

中文翻译：

---

能源使用和环境退化的最新进展：质量机构重要吗？世界范围内的证据

近年来，环境质量已成为国内外研究的重要关注点和研究课题。环境恶化包括多种因素，如化石燃料能源的使用、大量二氧化碳、二氧化硫的排放和空气污染、温室效应等。通过研究现有文献中与环境质量相关的几个因素，得出了不同的结论。因此，本研究通过考虑全球 188 个国家的制度质量和技术进步的作用来探讨环境因素的关系。使用2002年至2018年期间的面板数据，并应用了静态和动态模型，包括OLS、固定效应、GMM和系统GMM模型。研究结果表明，使用可再生能源代替化石燃料能源对环境有益，因为我们的结果显示不可再生能源消耗会增加碳排放。金融发展对碳排放有正向影响，而FDI则有负向影响。技术进步发挥积极影响，大多数制度质量变量对碳排放具有显着影响。研究结果建议政策制定者进一步制定使用可再生能源的政策，并建议重点关注技术创新并通过金融机构资助可再生能源项目，以实现更高的环境质量。