Exploring the Nexus of technology, environmental policy stringency, and political globalization: Pathways to achieving sustainability

Mubeen Abdur Rehman; Mudassar Hasan; Ugur Korkut Pata; Xihui Haviour Chen; Andreas Kontoleon

doi:10.1016/j.eneco.2024.107979

Exploring the Nexus of technology, environmental policy stringency, and political globalization: Pathways to achieving sustainability

Mubeen Abdur Rehman, Mudassar Hasan, Ugur Korkut Pata, Xihui Haviour Chen^*, Andreas Kontoleon

^*Corresponding author for this work

Newcastle Business School

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Abstract

This study examines the effects of technology patents, environmental policy stringency, and political globalization on green energy markets and energy transitions in 18 OECD countries from 1990 to 2022. Two models—one focusing on renewable energy and the other on non-renewable energy—were analyzed using Method of Moments Quantile Regression (MMQR), which accounts for outliers and nonlinear relationships. The results demonstrate that technological advancement and stringent environmental policies promote the adoption of renewable energy. Additionally, political globalization shows a positive correlation with green energy while negatively impacting fossil fuel use. The study offers policy recommendations for advancing green energy transitions aligned with the net-zero carbon agenda.

Original language	English
Article number	107979
Journal	Energy Economics
Early online date	20 Oct 2024
DOIs	https://doi.org/10.1016/j.eneco.2024.107979
Publication status	E-pub ahead of print - 20 Oct 2024

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 13 Climate Action
SDG 17 Partnerships for the Goals

Keywords

patents on technology
environmental policy stringency
political globalization
MMQR
climate change
OECD

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10.1016/j.eneco.2024.107979Licence: CC BY

1-s2.0-S014098832400687X-main (1)Accepted author manuscript, 2.84 MBLicence: CC BY

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title = "Exploring the Nexus of technology, environmental policy stringency, and political globalization: Pathways to achieving sustainability",

abstract = "This study examines the effects of technology patents, environmental policy stringency, and political globalization on green energy markets and energy transitions in 18 OECD countries from 1990 to 2022. Two models—one focusing on renewable energy and the other on non-renewable energy—were analyzed using Method of Moments Quantile Regression (MMQR), which accounts for outliers and nonlinear relationships. The results demonstrate that technological advancement and stringent environmental policies promote the adoption of renewable energy. Additionally, political globalization shows a positive correlation with green energy while negatively impacting fossil fuel use. The study offers policy recommendations for advancing green energy transitions aligned with the net-zero carbon agenda.",

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AU - Chen, Xihui Haviour

AU - Kontoleon, Andreas

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AB - This study examines the effects of technology patents, environmental policy stringency, and political globalization on green energy markets and energy transitions in 18 OECD countries from 1990 to 2022. Two models—one focusing on renewable energy and the other on non-renewable energy—were analyzed using Method of Moments Quantile Regression (MMQR), which accounts for outliers and nonlinear relationships. The results demonstrate that technological advancement and stringent environmental policies promote the adoption of renewable energy. Additionally, political globalization shows a positive correlation with green energy while negatively impacting fossil fuel use. The study offers policy recommendations for advancing green energy transitions aligned with the net-zero carbon agenda.

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KW - environmental policy stringency

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JO - Energy Economics

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ER -

Exploring the Nexus of technology, environmental policy stringency, and political globalization: Pathways to achieving sustainability

Abstract

UN SDGs

Keywords

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