The Impact of Innovation, Economic Growth, and Renewable Energy on CO2 Emissions in Developing Countries

Nazigul Amankeldi (), Rimma Parmanova (), Gulmira Azretbergenova () and Nailya Abdildinova ()
Additional contact information
Nazigul Amankeldi: Caspian Public University, Almaty, Kazakhstan,
Rimma Parmanova: Caspian Public University, Almaty, Kazakhstan,
Gulmira Azretbergenova: Khoja Akhmet Yassawi International Kazakh-Turkish University, Turkestan, Kazakhstan,
Nailya Abdildinova: Astana International University, Astana, Kazakhstan.

International Journal of Energy Economics and Policy, 2025, vol. 16, issue 1, 995-1002

Abstract: This study examines the impact of economic growth, innovation, foreign trade, and renewable energy consumption on environmental sustainability in ten developing countries over the period 2000-2023. Based on panel data analysis, the research identifies strong cross-sectional dependence and structural heterogeneity among the countries. The results of the Westerlund and Edgerton (2007) cointegration test indicate the existence of a long-term relationship among the variables. According to the AMG estimator results, economic growth and renewable energy consumption exert a mitigating effect on carbon emissions. In contrast, the innovation variable increases emissions in the short run, suggesting that innovation activities have not yet fully shifted toward environmentally friendly technologies. The effect of foreign trade on carbon emissions, however, is found to be statistically insignificant. Overall, the findings suggest that achieving environmental sustainability in developing countries requires harmonizing economic growth with environmental policies. The study emphasizes the need to promote green innovation, increase investments in renewable energy, and support environmentally friendly production processes. In this context, it is recommended that environmental, energy, and innovation policies be implemented within an integrated development strategy.

Keywords: Economic Growth; Innovation; Renewable Energy; Developing Countries; Sustainable Development (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://econjournals.com/index.php/ijeep/article/download/22059/9674 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:v:16:y:2025:i:1:id:22059

Ordering information: This journal article can be ordered from
https://econjournals.com/index.php/ijeep

DOI: 10.32479/ijeep.22059

Access Statistics for this article

More articles in International Journal of Energy Economics and Policy from International Journal of Energy Economics and Policy
Bibliographic data for series maintained by Monica Sinhat ().