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This study investigates the role of energy security on environmental assessment using empirical dataset from the Newly Industrialized Countries. Along with energy security, several important non-climatic indicators such as quality of governance, financial development and uncertainty index are incorporated into the carbon emissions function. This study uses efficient panel data techniques such as Dynamic Common Correlated Effects Estimator-Mean Group and Common Correlated Effects Mean-Group estimation approaches. These techniques take into account the problems of cross-section related dependence and slope-heterogeneity. The findings from current study demonstrate that energy insecurity drives emissions while technological innovations, natural resources and financial development negatively affect environmental quality. Moreover, having uncertainty in the economy also drives emissions. Emerging economies must implement environmental plans that amalgamate economic decisions and environmental concerns. Another thrust of emphasis is on the need to encourage the pricing of environmental resources to influence environmental sustainability. To promote energy security and environmental welfare, there is an urgent need to discuss the roles of energy savings and abolishing subsidies on fossil fuels. [Display omitted] • We study the impact of energy security and natural resources in NICs. • D-CCEMG and CCEMG were used for empirical investigation. • Energy security risk and uncertainty enhance emissions. • Technological innovations and quality of governance lower emissions. [ABSTRACT FROM AUTHOR]

The present study aims to fill an important research gap by investigating the role of environmental-related technologies on energy demand and energy efficiency in a sample of 28 OECD economies. The current study utilizes annual data for the period of 1990–2014 and employs panel estimation techniques, which addresses the issues of cross-sectional dependence, fixed effect, and endogeneity. The results, across various estimates, confirm that environmental technology has a substantial negative influence on energy consumption and also plays an important role in improving energy efficiency by reducing energy intensity. These evidences suggest that environmental technology helps the OECD economies to reduce their overall energy consumption and improves overall energy efficiency in their respective countries. The comprehensive empirical outcomes document that financial development and income are the key determinants of energy demand. Given these results, the study proposes several fruitful implications regarding sustainable development goals of OECD countries. • The effect of environmental technology on energy demand and efficiency. • Comprehensive panel data and econometric techniques are used. • The evidences confirm that environmental technology reduces energy consumption. • The environmental technology also promotes energy efficiency. • The study offers important policy related implications. [ABSTRACT FROM AUTHOR]