The nexus between environmental tax and carbon emissions with the roles of environmental technology and financial development
This study evaluates the impacts of renewable energy, environmental taxes, environmental technology, and financial development on carbon emissions in OECD economies from 1995 to 2015 by employing system-GMM and quantile regression approaches. Our empirical analysis indicates that environmental tax n...
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| Veröffentlicht in: | PloS one 2020-11, Vol.15 (11), p.e0242412 |
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| creator | Bashir, Muhammad Farhan Ma, Benjiang Shahbaz, Muhammad Jiao, Zhilun |
| description | This study evaluates the impacts of renewable energy, environmental taxes, environmental technology, and financial development on carbon emissions in OECD economies from 1995 to 2015 by employing system-GMM and quantile regression approaches. Our empirical analysis indicates that environmental tax negatively affects carbon emissions; economic growth impedes environmental quality by increasing carbon emissions. Further, renewable energy consumption, environmental technology, and financial development improve environmental quality by decreasing carbon emissions. We suggest that changes in policymaking to promote sustainable economic growth and environmental quality should be prevent environmental degradation, but also inspire greater investments in new technologies and energy expertise in the renewables industry. |
| doi_str_mv | 10.1371/journal.pone.0242412 |
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Our empirical analysis indicates that environmental tax negatively affects carbon emissions; economic growth impedes environmental quality by increasing carbon emissions. Further, renewable energy consumption, environmental technology, and financial development improve environmental quality by decreasing carbon emissions. We suggest that changes in policymaking to promote sustainable economic growth and environmental quality should be prevent environmental degradation, but also inspire greater investments in new technologies and energy expertise in the renewables industry.</description><identifier>ISSN: 1932-6203</identifier><identifier>EISSN: 1932-6203</identifier><identifier>DOI: 10.1371/journal.pone.0242412</identifier><identifier>PMID: 33237920</identifier><language>eng</language><publisher>United States: Public Library of Science</publisher><subject>Air pollution ; Carbon ; Carbon Dioxide ; Carbon emissions ; Carbon Footprint ; Climate Change ; Conservation of Natural Resources - economics ; Ecology and Environmental Sciences ; Economic analysis ; Economic aspects ; Economic Development ; Economic growth ; Ecotaxes ; Emissions ; Empirical analysis ; Energy consumption ; Energy industry ; Engineering and Technology ; Environmental aspects ; Environmental degradation ; Environmental Policy ; Environmental quality ; Environmental tax ; Green technology ; Greenhouse effect ; Greenhouse Gases ; Influence ; Inventions - economics ; Investments ; Models, Econometric ; New technology ; Physical Sciences ; Regression analysis ; Renewable energy ; Renewable Energy - economics ; Social Sciences ; Sustainable Growth ; Tax reform ; Taxation ; Taxes ; Technology ; Technology - economics</subject><ispartof>PloS one, 2020-11, Vol.15 (11), p.e0242412</ispartof><rights>COPYRIGHT 2020 Public Library of Science</rights><rights>2020 Bashir et al. 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| subjects | Air pollution Carbon Carbon Dioxide Carbon emissions Carbon Footprint Climate Change Conservation of Natural Resources - economics Ecology and Environmental Sciences Economic analysis Economic aspects Economic Development Economic growth Ecotaxes Emissions Empirical analysis Energy consumption Energy industry Engineering and Technology Environmental aspects Environmental degradation Environmental Policy Environmental quality Environmental tax Green technology Greenhouse effect Greenhouse Gases Influence Inventions - economics Investments Models, Econometric New technology Physical Sciences Regression analysis Renewable energy Renewable Energy - economics Social Sciences Sustainable Growth Tax reform Taxation Taxes Technology Technology - economics |
| title | The nexus between environmental tax and carbon emissions with the roles of environmental technology and financial development |
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