Visualising energy technologies and environment nexus: re-examining the importance of technologies for emerging economies

• Published in: Economic research - Ekonomska istraživanja 2023-07, Vol.36 (2)
• Main Authors: Zou, Yutong, Zhang, Ziwei, Bibi, Salma, Alamri, Ahmad Mohammed, Ageli, Mohammed Moosa
• Format: Article
• Language: English
• Subjects: Carbon dioxide; Disasters; Economic theory; Electricity; Emerging markets; emission; Emissions; Energy efficiency; Energy industry; energy technology (E.T.); Fossil fuels; GDP; Global warming; Gross Domestic Product; Innovations; movement quantile regression (M.M.Q.R.); N7; F64; O3; F18; Neutrality; R&D; R&D expenditures (R.A.D.); Research & development; Research & development expenditures; Technological change; technological innovation (T.E.I.); Technology; territorial based CO; territorial based CO2 emission
• ISSN: 1331-677X; 1848-9664
• DOI: 10.1080/1331677X.2023.2175705

Decarbonising the energy industry is an essential aim due to recent environmental disasters and the continued impacts of global warming. Energy technology (E.T.), research and development, and technical innovation are critical to successfully transitioning from fossil fuels to renewables. The current study investigates the role of E.T., renewable electricity output (R.E.T.), R&D expenditures (R.A.D.), technological innovation (T.E.I.) and gross domestic product (G.D.P.) in mitigating territorial-based carbon emissions (CO 2 ) for the five leading emerging economies from 1991 to 2021. The movement quantile regression (M.M.Q.R.) approach demonstrates that E.T., R.A.D., R.E.T. and T.E.I. cut CO 2 emissions, whereas G.D.P. increases emissions in targeted nations. E.T. is the fundamental driving force behind decarburisation and the move to greener energy generation and use. The findings are significant because the economies considered are anticipated to benefit from an energy transition to renewables enabled by energy efficiency and environmental technology breakthroughs. In the last section, the study provides relevant policy implications to enrich the literature on the importance of technology and its role in achieving carbon neutrality targets of emerging economies.