Exploring the Causal Relationship among Green Taxes, Energy Intensity, and Energy Consumption in Nordic Countries: Dumitrescu and Hurlin Causality Approach

Nihal Ahmed, Adnan Ahmed Sheikh, Zeeshan Hamid, Piotr Senkus, Ricardo Cosio Borda, Aneta Wysokińska-Senkus and Waldemar Glabiszewski
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Nihal Ahmed: Orléans Institute of Economics, Orléans University, CNRS, LEO, FRE, 2014, F-45067 Orléans, France
Adnan Ahmed Sheikh: Department of Business Administration, Air University Multan Campus, Multan 59300, Pakistan
Zeeshan Hamid: Department of Management Sciences, Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology (SZABIST) Islamabad Pakistan, Sindh 75600, Pakistan
Ricardo Cosio Borda: Faculty of Management Sciences, Universidad Autónoma del Perú, Lima 15842, Peru
Aneta Wysokińska-Senkus: Faculty of Management and Command, War Studies University Warsaw, 00-910 Warszawa, Poland
Waldemar Glabiszewski: Faculty of Economic Sciences and Management, Nicolaus Copernicus University, 87-100 Torun, Poland

Energies, 2022, vol. 15, issue 14, 1-15

Abstract: Improving energy efficiency and minimizing environmental concerns through environmental laws and green taxes are regarded as the primary motivating factors of climate change policy. This analysis clarifies the significance of green taxes in lowering energy use and intensity from 1994 to 2020. As part of our contribution to the literature on energy economics, this study examines how green taxes interact with energy intensity and consumption in four Nordic nations. Environmental policies and sustainable development goals (SDGs) are driving new research into the effects of green taxes on energy consumption and intensity. According to the outcomes of fully modified ordinary least square (FMOLS), panel dynamic ordinary least square (PDOLS), and panel quantile regression, a green tax helps to reduce total energy consumption. It increases energy efficiency by motivating governments, companies, and citizens to encourage innovation in environment-related technology. When it comes to creating a more sustainable environment, the study argues that regulations that ensure the displacement of non-renewable resources while increasing energy efficacy should be implemented.

Keywords: green taxes; efficiency; sustainable development; green processed; green energy; SDGs (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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