The role of green innovations, environmental policies and carbon taxes in achieving the sustainable development goals of carbon neutrality

The green innovations, environmental policies, and carbon taxes are the tools to achieve sustainable development goals (SDGs) in the mitigation process. This study is intended to examine the impact of innovation, carbon pricing (CTAX), environmental policies (EP), and energy consumption (ECON) on PM...

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Published in:Environmental science and pollution research international 2022-02, Vol.29 (6), p.8393-8407
Main Authors: Wang, Xinyu, Khurshid, Adnan, Qayyum, Sadia, Calin, Adrian Cantemir
Format: Article
Language:English
Subjects:
Aquatic Pollution
Atmospheric Protection/Air Quality Control/Air Pollution
Carbon
Carbon Dioxide
Carbon neutrality
Clean technology
Earth and Environmental Science
Ecotoxicology
Emissions
Emissions control
Energy consumption
Environment
Environmental Chemistry
Environmental Health
Environmental Policy
Environmental science
Environmental tax
Greenhouse gases
Innovations
Mitigation
Particulate matter
Research Article
Sustainability
Sustainable Development
Taxes
Urbanization
Waste Water Technology
Water Management
Water Pollution Control
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description The green innovations, environmental policies, and carbon taxes are the tools to achieve sustainable development goals (SDGs) in the mitigation process. This study is intended to examine the impact of innovation, carbon pricing (CTAX), environmental policies (EP), and energy consumption (ECON) on PM 2.5 and greenhouse gas (GHG) emission for Central-Eastern European countries. The panel effect during 2000–2018 is tested using a dynamic panel data model while the Granger causality approach obtains country-related outcomes. The outcomes reveal that eco-friendly innovations have a more profound effect on carbon mitigation. Environmental policies reduce emissions by 2.7% in the short run and 17.4% in the long run. Similarly, CTAX mitigates GHG emissions by 8.6% in the short-run and PM2.5 by 0.9% and 5.7% in the short and long run. However, urbanization, energy consumption and trade openness are the leading polluters in the region. The main findings remain dominant in the country-specific results and find unidirectional and bidirectional causality evidence among variables. The research concludes that green innovations and strict environmental policy can lead towards achieving sustainable development goals using carbon taxes as a tool on the way. Graphical abstract
doi_str_mv 10.1007/s11356-021-16208-z
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source ABI/INFORM Global; Springer Nature
subjects Aquatic Pollution
Atmospheric Protection/Air Quality Control/Air Pollution
Carbon
Carbon Dioxide
Carbon neutrality
Clean technology
Earth and Environmental Science
Ecotoxicology
Emissions
Emissions control
Energy consumption
Environment
Environmental Chemistry
Environmental Health
Environmental Policy
Environmental science
Environmental tax
Greenhouse gases
Innovations
Mitigation
Particulate matter
Research Article
Sustainability
Sustainable Development
Taxes
Urbanization
Waste Water Technology
Water Management
Water Pollution Control
title The role of green innovations, environmental policies and carbon taxes in achieving the sustainable development goals of carbon neutrality
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