This paper empirically examines the effect of biomass energy consumption and economic complexity on environmental sustainability in G7 economies. The current study attempts to report a comprehensive analysis of biomass energy and economic complexity on ecological and carbon footprints and carbon emissions. We employ data from 1990 to 2019 and adopt robust panel econometric techniques that account for the analysis's cross-sectional dependence. We conduct cointegration analysis, pooled ordinary least squares (OLS), system generalized method of moments (GMM) and conditional quantile model for our empirical analysis. The empirical findings show that both biomass energy consumption and economic complexity are detrimental to the ecological footprint and carbon footprint. Additionally, we find that globalization positively affects the environment, while we find some evidence that bureaucratic quality improves environmental quality. Finally, in line with other research, we find that economic growth has detrimental effects on the environment. Our results suggest that policymakers should be more cautious in promoting biomass as a clean energy source and that the G7 economies should take advantage of their leading position in innovation to invest more in sustainable practices and investment.

中文翻译：

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生物质能源消耗和经济复杂性对 G7 经济体环境可持续性的作用

本文实证检验了生物质能源消耗和经济复杂性对 G7 经济体环境可持续性的影响。目前的研究试图报告生物质能源和经济复杂性对生态和碳足迹以及碳排放的综合分析。我们使用 1990 年至 2019 年的数据，并采用稳健的面板计量经济学技术来解释分析的横截面依赖性。我们进行协整分析、合并普通最小二乘法 (OLS)、系统广义矩量法 (GMM) 和条件分位数模型进行实证分析。实证结果表明，生物质能源消耗和经济复杂性对生态足迹和碳足迹都是有害的。此外，我们发现全球化对环境产生积极影响，同时我们发现一些证据表明官僚素质提高了环境质量。最后，根据其他研究，我们发现经济增长对环境有不利影响。我们的结果表明，政策制定者在推广生物质作为清洁能源时应更加谨慎，七国集团经济体应利用其在创新方面的领先地位，加大对可持续实践和投资的投入。