Insights from the N11 economies on drivers of the clean energy transition

The research literature on the driving mechanisms for the clean energy transition in the Next 11 (N11) economies to accomplish their carbon-free targets is scarce. We address this research gap with an empirical analysis of the effects of renewable fuels, resource allocation, corporate governance, energy trade, economic growth, carbon taxes, and digitalization on the shift to clean energy between 1990 and 2022. Using the method of Moments Quantile Regression, the results show that all regressors enhance the shift to clean energy. Based on the study outcomes, policymakers should intensify their attempts to coordinate policies to support sustainable development goal ambitions. •N11 governments strive to achieve climate change goals.•Renewable fuels can enhance the transition to clean energy.•The ecological consequence of corporate governance on the transition to clean energy is positive.•Energy trade may assist in the shift to clean energy.