1. Does R&D investment in renewable energy technologies reduce greenhouse gas emissions?
- Author
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Hailemariam, Abebe, Ivanovski, Kris, and Dzhumashev, Ratbek
- Subjects
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RESEARCH & development , *GREENHOUSE gas mitigation , *RENEWABLE energy sources , *MOSQUITO nets , *RENEWABLE energy transition (Government policy) , *GOVERNMENT policy on climate change , *ENVIRONMENTAL quality , *CARBON dioxide - Abstract
• We investigate the link between investment in renewable energy technologies on environmental quality. • Our methodological approach utilises an interactive-fixed effects model to deal with endogeneity issues. • Our findings show that R&D investment in renewables has a significant positive effect on environmental quality. In this paper, we investigate the impact of public investment in R&D in renewable energy technologies on environmental quality using a spectrum of environmental emissions. We employ new and innovative panel data methods to address the existing econometric issues in estimating the effect of R&D on greenhouse gas emissions. Then, using data from advanced and emerging economies that span the period from 1980 to 2020, we find that R&D investment in renewable technologies has a significant positive effect on environmental quality by reducing a range of pollutants, including carbon dioxide, methane, and other pollutants. The results are robust to a series of sensitivity tests. The findings have important policy implications for climate change and various recent environmental initiatives, including the transition to net-zero emissions and sustainability. [ABSTRACT FROM AUTHOR]
- Published
- 2022
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