Investigating the role of environmental taxes and regulations for renewable energy consumption: evidence from developed economies

Muhammad Farhan Bashir, Benjiang Ma, Muhammad Adnan Bashir, Magdalena Radulescu and Umer Shahzad

Economic Research-Ekonomska Istraživanja, 2022, vol. 35, issue 1, 1262-1284

Abstract: The current study aims to explore the role of environmental taxes and regulations for the renewable energy consumption, focusing on reporting policy suggestions to overcome climate change issues and achieve environmental sustainability. The main objective of this paper is to examine the relation between renewable energy, environmental taxes, environmental technologies, and environmental regulations in 29 OECD countries during 1996–2018. More precisely, we inspect the impact of the environmental regulations and environmental technologies on the renewable energy consumption. The authors employ CIPS and CADF unit root tests, panel Westerlund co-integration test, FMOLS, and Quantile regression methods for the econometric analysis. The econometric analysis suggests that the environmental regulations impede the renewable energy consumption in OECD economies. The study suggests that environmental policy initiatives should focus on implementing environmental strategies to inspire cohesiveness between environmental regulations and the development of environmental technologies in order to promote the renewables industry in the developed countries.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (27)

Downloads: (external link)
http://hdl.handle.net/10.1080/1331677X.2021.1962383 (text/html)
Access to full text is restricted to subscribers.

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:taf:reroxx:v:35:y:2022:i:1:p:1262-1284

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rero20

DOI: 10.1080/1331677X.2021.1962383

Access Statistics for this article

Economic Research-Ekonomska Istraživanja is currently edited by Marinko Skare

More articles in Economic Research-Ekonomska Istraživanja from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().