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Investigating the role of environmental taxes and regulations for renewable energy consumption: evidence from developed economies
Economic Research-Ekonomska Istraživanja Pub Date : 2021-08-16 , DOI: 10.1080/1331677x.2021.1962383
Muhammad Farhan Bashir 1 , Benjiang MA 1 , Muhammad Adnan Bashir 2 , Magdalena Radulescu 3, 4 , Umer Shahzad 5
Affiliation  

Abstract

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.



中文翻译:

调查环境税和法规对可再生能源消费的作用:来自发达经济体的证据

摘要

本研究旨在探讨环境税和法规对可再生能源消费的作用,重点报告克服气候变化问题和实现环境可持续性的政策建议。本文的主要目的是研究 1996-2018 年间 29 个经合组织国家的可再生能源、环境税、环境技术和环境法规之间的关系。更准确地说,我们考察了环境法规和环境技术对可再生能源消耗的影响。作者采用 CIPS 和 CADF 单位根检验、面板 Westerlund 协整检验、FMOLS 和分位数回归方法进行计量分析。计量经济分析表明,环境法规阻碍了经合组织经济体的可再生能源消耗。该研究表明,环境政策举措应侧重于实施环境战略,以激发环境法规与环境技术发展之间的凝聚力,以促进发达国家的可再生能源产业。

更新日期:2021-08-16
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