 Examining the role of environmental tax, green innovation, and digital financial inclusion for energy transition: Evidence from OECD countriesThai Hong Le, Minh Lam Mai, Mai Quynh Thi Nguyen, Anh Phuong Nguyen and Chi Phuong Do Research in Economics, 2025, vol. 79, issue 1 Abstract: This research aims to examine the influence of environmental tax, green innovation, and digital financial inclusion on energy transition in OECD countries during the period from 1994 to 2020. Results from the panel quantile regression analysis reveal that environmental tax positively influences the energy transition at the lower and middle quantiles whilst financial inclusion is positively associated with energy transition across all quantiles. Our results also show a positive relationship between green innovation and energy transition, though the lack of significant coefficients across all quantiles suggests a disparity between green innovation and immediate energy transition outcomes. Our findings highlight the need for regulatory agencies to design a flexible and fair environmental tax system, particularly in applying taxes according to the pollution intensity of different energy sources. Keywords: Energy transition; Environmental tax; Green innovation; Financial inclusion; Panel quantile regression; OECD countries (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:reecon:v:79:y:2025:i:1:s1090944325000110 DOI: 10.1016/j.rie.2025.101034 Access Statistics for this article Research in Economics is currently edited by Federico Etro More articles in Research in Economics from Elsevier |
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