Impact of Sustainable Energy Technologies, Government Governance and Environmental Taxes on Sustainable Energy Transition in E7 Countries: Fresh Evidence using CUP-FM CUP-BC Approach

Ooi Chee Keong (), Talla M. Aldeehani (), Sami E. Alajlani (), Amena Sibghatullah () and Jamshid Pardaev ()
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Ooi Chee Keong: School of Accounting and Finance, Faculty of Business and Law, Taylor's University, Subang Jaya, Malaysia,
Talla M. Aldeehani: College of Business Administration, Kuwait University, Kuwait City, Kuwait,
Sami E. Alajlani: Department of Business, Higher Colleges of Technology, Abu Dhabi, UAE,
Amena Sibghatullah: Faculty of Business and Management, Universiti Teknologi MARA, UiTM, Puncak Alam, Selangor, Malaysia,
Jamshid Pardaev: Department of Finance and Tourism, Termez University of Economics and Service, Termez, Uzbekistan.

International Journal of Energy Economics and Policy, 2026, vol. 16, issue 2, 374-382

Abstract: The current study examines the effectiveness of sustainable energy technologies, governance and environmental taxes on energy transition using E7 countries data for the period 2006-2020. The study used CUP-FM and CUP-BC estimation techniques to assess the relationship between variables. Findings of the study reveal the positive association between constructs, suggesting that expansion of clean energy resources including solar & hydroelectric energy helps economies to experience sustainable energy transition as it ensures energy security. The significant relationship of government governance also suggests that governance indicators are crucial for energy transition. Moreover, the effective imposition of environmental taxes facilitates industries to shift toward sustainability while discouraging the reliance on non-renewable resources. Interestingly, the positive influence of industrialization, inflation and population growth indicate that although industrialization and population growth amplify the demand of energy consumption, however, when driving demand is paired with sustainable policies, it may result in green energy transition. In addition, findings also suggest that economies have an opportunity to capitalize on inflation-led pricing trends to boost energy diversification and advance sustainable opportunities.

Keywords: Sustainable Energy Technologies; Solar and Hydroelectric Sources; Government Governance; Environmental Taxes; Sustainable Energy Transition (search for similar items in EconPapers)
Date: 2026
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DOI: 10.32479/ijeep.21907

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