How do environmental tax and renewable energy contribute to ecological sustainability? New evidence from top renewable energy countries

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dc.contributor.authorShayanmehr, Samira
dc.contributor.authorRadmehr, Rıza
dc.contributor.authorAli, Ernest Baba
dc.contributor.authorOfori, Elvis Kwame
dc.contributor.authorAdebayo, Tomiwa Sunday
dc.contributor.authorGyamfi, Bright Akwasi
dc.date.accessioned2023-05-24T10:57:05Z
dc.date.available2023-05-24T10:57:05Z
dc.date.issued2023en_US
dc.departmentRektörlük, İslam Ekonomisi ve Ekonomik Sistemler Uygulama ve Araştırma Merkezien_US
dc.description.abstractThe recent COP27 has propelled nations towards achieving reduced environmental degradation. Governments are, therefore, required to develop effective policy tools to improve their environmental sustainability plans. In line with this, an empirical study is required to explore the all-inclusive effect of ecological sustainability policy on ecological footprint (EFP) among the world’s top renewable energy consumption countries from 1994 to 2018. Recent studies on environmental degradation have focused on renewable energy while neglecting the role of environmental tax. Thus, the current study fills this gap by exploring the role of environmental tax on ecological footprint. Furthermore, the study evaluates the direct and indirect impact of environmental tax and renewable energy on different levels of EFP using the method of moment quantile regression (MMQR). The DOLS, FMOLS, and panel GMM techniques are also applied to check the robustness of the MMQR results. The empirical results indicate that environmental tax and renewable energy directly and significantly reduce the EFP; however, these impacts are insignificant in countries with lower levels of environmental pollution. Furthermore, the findings indicate that environmental tax plays a leading role in changing the energy structure towards environmentally friendly energies. The results also show that economic globalization and human capital impact ecological footprint negatively. Finally, the results suggest that GDP and nonrenewable energy aggravates ecological footprint. The study results propose insights for policymakers to mitigate environmental degradation by boosting environmental tax to deter polluters and investing more in renewable energy development.en_US
dc.identifier.doi10.1080/13504509.2023.2186961en_US
dc.identifier.scopus2-s2.0-85150658894en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://hdl.handle.net/11467/6626
dc.identifier.urihttps://doi.org/10.1080/13504509.2023.2186961
dc.identifier.wosWOS:000946776400001en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherTaylor and Francis Ltd.en_US
dc.relation.ispartofInternational Journal of Sustainable Development and World Ecologyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/embargoedAccessen_US
dc.subjecteconomic; environmental sustainability; Environmental taxes; globalization; human capital; renewable energyen_US
dc.titleHow do environmental tax and renewable energy contribute to ecological sustainability? New evidence from top renewable energy countriesen_US
dc.typeArticleen_US

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