Back to Search
Start Over
Does cyclical innovation in environmental-related technologies make knowledge-based economies carbon neutral?
- Source :
- Environmental Science & Pollution Research; Apr2023, Vol. 30 Issue 17, p49605-49617, 13p
- Publication Year :
- 2023
-
Abstract
- The knowledge-based economies have reacted by enacting stringent legislation and encouraging innovation in environmental-related technologies (IERTs) across organizations, such as academic institutions. Although previous research continues to support green innovation as a pro-cyclical concept, the irregular effect of IERT dynamics on CO<subscript>2</subscript>e in knowledge-based economies has not yet been studied. The paper looks at the cyclical nexus between IERT and CO<subscript>2</subscript>e in 37 knowledge-based economies using panel data from 1990 to 2019. The augmented mean group supported that an adverse change in IERT contributes to CO<subscript>2</subscript>e during economic downturns. Second, the findings confirmed that positive dynamics in IERT reduces CO<subscript>2</subscript>e during economic expansions. Third, the findings signified that trade openness, expansionary commercial policy, gross domestic product per capita, and expansionary monetary policy all increase CO<subscript>2</subscript>e, while contractionary commercial policy and use of renewable energy all decrease CO<subscript>2</subscript>e. Overall, the results of this study showed that there is a counter-cyclical association between IERT and CO<subscript>2</subscript>e. It is suggested that to reduce CO<subscript>2</subscript>e in knowledge-based economies, the government should support IERT in both economic contraction and expansion periods. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09441344
- Volume :
- 30
- Issue :
- 17
- Database :
- Complementary Index
- Journal :
- Environmental Science & Pollution Research
- Publication Type :
- Academic Journal
- Accession number :
- 163119961
- Full Text :
- https://doi.org/10.1007/s11356-023-25736-9