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Does R&D investment in renewable energy technologies reduce greenhouse gas emissions?
- Source :
-
Applied Energy . Dec2022, Vol. 327, pN.PAG-N.PAG. 1p. - Publication Year :
- 2022
-
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]
Details
- Language :
- English
- ISSN :
- 03062619
- Volume :
- 327
- Database :
- Academic Search Index
- Journal :
- Applied Energy
- Publication Type :
- Academic Journal
- Accession number :
- 159928270
- Full Text :
- https://doi.org/10.1016/j.apenergy.2022.120056