TY - JOUR
T1 - Transitioning to clean energy
T2 - Assessing the impact of renewable energy, bio-capacity and access to clean fuel on carbon emissions in OECD economies
AU - Naeem, Muhammad Abubakr
AU - Appiah, Michael
AU - Taden, John
AU - Amoasi, Richard
AU - Gyamfi, Bright Akwasi
N1 - Publisher Copyright:
© 2023 Elsevier B.V.
PY - 2023/11
Y1 - 2023/11
N2 - This study examined how efforts to expand clean energy access and develop renewables, increase in biocapacity, and environmental policies impacted carbon emissions in 24 OECD countries from 2000 to 2020. Advanced statistical techniques accounted for differences between countries and connections between factors over time. Results showed increasing clean fuels/technologies and renewable energy lowered emissions, while biocapacity expansion and current policies increased emissions. Two-way relationships were found between emissions and each factor, indicating a feedback loop. The findings emphasize that although growing renewables is crucial, governments must also improve policies to optimize biocapacity infrastructure and accelerate transitions to cleaner technologies. Targeted initiatives in these areas can help OECD countries achieve emissions reductions and sustainability. Continued monitoring of these complex dynamics is key to informing effective climate action.
AB - This study examined how efforts to expand clean energy access and develop renewables, increase in biocapacity, and environmental policies impacted carbon emissions in 24 OECD countries from 2000 to 2020. Advanced statistical techniques accounted for differences between countries and connections between factors over time. Results showed increasing clean fuels/technologies and renewable energy lowered emissions, while biocapacity expansion and current policies increased emissions. Two-way relationships were found between emissions and each factor, indicating a feedback loop. The findings emphasize that although growing renewables is crucial, governments must also improve policies to optimize biocapacity infrastructure and accelerate transitions to cleaner technologies. Targeted initiatives in these areas can help OECD countries achieve emissions reductions and sustainability. Continued monitoring of these complex dynamics is key to informing effective climate action.
KW - Biocapacity
KW - Carbon emission
KW - Clean fuel and technology
KW - OECD
KW - Renewable energy
UR - https://www.scopus.com/pages/publications/85174028211
UR - https://www.scopus.com/pages/publications/85174028211#tab=citedBy
U2 - 10.1016/j.eneco.2023.107091
DO - 10.1016/j.eneco.2023.107091
M3 - Article
AN - SCOPUS:85174028211
SN - 0140-9883
VL - 127
JO - Energy Economics
JF - Energy Economics
M1 - 107091
ER -