The role of environmental technologies, institutional quality, and globalization on environmental sustainability in European Union countries: new evidence from advanced panel data estimations
Yazarlar (3)
Doç. Dr. Mücahit Aydın Sakarya Üniversitesi, Türkiye
Dr. Öğr. Üyesi Yasin SÖĞÜT Kastamonu Üniversitesi, Türkiye
Azad Erdem
Makale Türü Açık Erişim Özgün Makale (SCOPUS dergilerinde yayınlanan tam makale)
Dergi Adı Environmental Science and Pollution Research
Dergi ISSN 0944-1344 Dergi Bilgileri (2024)
Dergi Tarandığı Indeksler SCI-Expanded
Makale Dili İngilizce Basım Tarihi 01-2024
Kabul Tarihi 01-01-2024 Yayınlanma Tarihi 10-01-2024
Cilt / Sayı / Sayfa 31 / 0 / – DOI 10.1007/s11356-024-31860-x
Makale Linki https://doi.org/10.1007/s11356-024-31860-x
UAK Araştırma Alanları
Bölgesel Gelişme ve Küreselleşme
Özet
AbstractFactors such as investments in environmentally clean technologies, globalization, and institutional quality significantly increase environmental quality. The study aims to provide light on how environmental technologies, institutional quality, globalization, and economic growth affect a sustainable environment. In addition, this study evaluates the European Union’s carbon zero target by 2050 and the results of achieving carbon neutrality by 2030, which was put on the agenda at the UN Climate Change Conference of the Parties (COP-26). For this purpose, ten countries (Germany, Austria, Denmark, Finland, France, Netherlands, Spain, Italy, Sweden, and Switzerland) that invest in the highest environmental technology in the European Union were selected in the study. The data range of the study is from 1990 to 2019. Also, the validity of the load capacity curve (LCC) hypothesis was investigated in these countries. The CCEMG and DCCE estimators were used to estimate long-run coefficients. When the panel was assessed as a whole, the LCC hypothesis was determined to be valid by both estimators. According to country-based results, it has been determined that the LCC hypothesis is valid only for Spain. The study also includes the following observations. (i) Environmental technologies increase LCF for Austria, improving environmental quality. (ii) Globalization reduces LCF for Austria. (iii) Institutional quality variable decreases LCF for Austria and increases LCF for Germany and France. These findings suggest that to attain a sustainable environment in the future, policymakers should raise research and development budgets for environmental technology, enhance the standards of institutions, and take globalization into account. Graphical abstract
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