Renewable Energy, Knowledge Spillover and Innovation: Capacity of Environmental Regulation

Henryk Dzwigol, Aleksy Kwilinski, Oleksii Lyulyov and Tetyana Pimonenko
Additional contact information
Henryk Dzwigol: Department of Management, Faculty of Applied Sciences, WSB University, 41-300 Dabrowa Gornicza, Poland
Aleksy Kwilinski: Department of Management, Faculty of Applied Sciences, WSB University, 41-300 Dabrowa Gornicza, Poland
Tetyana Pimonenko: Department of Management, Faculty of Applied Sciences, WSB University, 41-300 Dabrowa Gornicza, Poland

Energies, 2023, vol. 16, issue 3, 1-15

Abstract: The European Union (EU) countries have declared the ambitious goal of providing carbon-free economic development. Considering this, the EU countries are going to pursue relevant policies for a step-by-step refusal of mining and coal energy, consequently reducing greenhouse gas emissions. The analysis of the theoretical background showed that renewable energy is the core dimension of reducing greenhouse gas emissions. In this case, the paper aims to justify the impact of core dimensions (knowledge spillover, innovation, and environmental regulation) that could boost renewable energy penetration into all sectors and levels. The following methods are applied to test the hypotheses: stationarity testing in panels; cross-section dependence testing; cointegration testing; and estimation in heterogeneous parameter models. The data are obtained from Eurostat, the OECD, and the World Data Bank. The object of research is the EU country in the period 2010–2020. The findings confirm the hypothesis on the statistically significant impact of innovation and knowledge spillover on renewable energy. In addition, environmental regulation has a mediating positive effect on interconnections among knowledge spillover, innovations, and renewable energy. In this case, countries should boost the development of appropriate environmental regulations, which should be effective and transparent for all stakeholders.

Keywords: sustainable development; green economy; renewable energy; green awareness (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: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://www.mdpi.com/1996-1073/16/3/1117/pdf (application/pdf)
https://www.mdpi.com/1996-1073/16/3/1117/ (text/html)

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:gam:jeners:v:16:y:2023:i:3:p:1117-:d:1041342

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().