The effects of innovation on sectoral carbon emissions: Evidence from G20 countries
Yükleniyor...
Dosyalar
Tarih
2020
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Academic Press Ltd- Elsevier Science Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
In all countries, the priority of policymakers is to reduce carbon emissions without reducing economic growth performance. Progress in innovation is one of the main measures that can be used to reduce carbon emissions. It is important to demonstrate the impact of innovation at the sectoral level, in terms of more realistic data on policy measures. The aim of this study is to investigate the effects of innovation on carbon emissions on a sectorial basis for fourteen countries in the G20, for the period between 1991 and 2017. The selected countries are Argentina, Brazil, Canada, France, Germany, India, Indonesia, Japan, Korea, Mexico, South Africa, Turkey, the United Kingdom, and the United States for which data is available. The results show that the Environmental Kuznets Curve (EKC) hypothesis is invalid and, in the long-term, innovations did not have a statistically significant effect on the energy sector, transport sector, and other sectors. It was also found that while an increase in innovation in the industrial sector leads to a reduction in carbon emissions, an increase in innovation in the construction sector increases carbon emissions. Therefore, it can be recommended that, in addition to national policies to reduce CO2 emissions, specific policies should be implemented for each sector separately.
Açıklama
Anahtar Kelimeler
Innovation, Sectoral carbon emissions, G20 countries, Economic-Growth, Unit-Root, Co2 Emissions, Technological-Innovation, Environmental-Regulation, Electricity Consumption, Financial Development, Heterogeneous Panels, Trade Openness, Lm Test
Kaynak
Journal of Environmental Management
WoS Q Değeri
Q1
Scopus Q Değeri
Q1
Cilt
267
