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Impact of government governance and environmental taxes on sustainable energy transition in China: fresh evidence using a novel QARDL approach
Although economies have experienced immense growth in recent times, however, it also comes with environmental and social consequences which question the current practices and threaten the well-being of current as well as the future generation. This realization, thus, pushes institutions to bring cha...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Springer Berlin Heidelberg
2023
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9909652/ https://www.ncbi.nlm.nih.gov/pubmed/36757594 http://dx.doi.org/10.1007/s11356-023-25407-9 |
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author | Chien, FengSheng Zhang, YunQian Li, Li Huang, Xiang-Chu |
author_facet | Chien, FengSheng Zhang, YunQian Li, Li Huang, Xiang-Chu |
author_sort | Chien, FengSheng |
collection | PubMed |
description | Although economies have experienced immense growth in recent times, however, it also comes with environmental and social consequences which question the current practices and threaten the well-being of current as well as the future generation. This realization, thus, pushes institutions to bring change in existing energy-related policies in order to incorporate social and environmental concerns. Clean energy transition, in this regard, is gaining attraction all over the world as it shifts away economies from non-renewable resources. The study, thereby, intends to explore the role of governance and environmental taxes in the energy transition in China economy over the period 1999–2019. The roles of industrialization and economic growth in the transition of energy are taken into consideration. The recently introduced legit quantile autoregressive distributed lag (QARDL) model and Granger causality in quantiles are applied to quarterly data spanning 1999Q1 to 2019Q4 for empirical quantile analysis. Results echoed that governance has a positive impact and environmental resources have a negative impact on energy transition across all quantiles. However, economic growth influences clean energy transition only at extremely higher quantiles (0.60–0.95), and industrialization does not have any effect on energy transition over the entire quantile range. The findings of the Granger causality analysis reveal the presence of a bidirectional causal association between clean energy transition and all the variables. Worthy policies are recommended on the basis of the findings. |
format | Online Article Text |
id | pubmed-9909652 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | Springer Berlin Heidelberg |
record_format | MEDLINE/PubMed |
spelling | pubmed-99096522023-02-09 Impact of government governance and environmental taxes on sustainable energy transition in China: fresh evidence using a novel QARDL approach Chien, FengSheng Zhang, YunQian Li, Li Huang, Xiang-Chu Environ Sci Pollut Res Int Research Article Although economies have experienced immense growth in recent times, however, it also comes with environmental and social consequences which question the current practices and threaten the well-being of current as well as the future generation. This realization, thus, pushes institutions to bring change in existing energy-related policies in order to incorporate social and environmental concerns. Clean energy transition, in this regard, is gaining attraction all over the world as it shifts away economies from non-renewable resources. The study, thereby, intends to explore the role of governance and environmental taxes in the energy transition in China economy over the period 1999–2019. The roles of industrialization and economic growth in the transition of energy are taken into consideration. The recently introduced legit quantile autoregressive distributed lag (QARDL) model and Granger causality in quantiles are applied to quarterly data spanning 1999Q1 to 2019Q4 for empirical quantile analysis. Results echoed that governance has a positive impact and environmental resources have a negative impact on energy transition across all quantiles. However, economic growth influences clean energy transition only at extremely higher quantiles (0.60–0.95), and industrialization does not have any effect on energy transition over the entire quantile range. The findings of the Granger causality analysis reveal the presence of a bidirectional causal association between clean energy transition and all the variables. Worthy policies are recommended on the basis of the findings. Springer Berlin Heidelberg 2023-02-09 2023 /pmc/articles/PMC9909652/ /pubmed/36757594 http://dx.doi.org/10.1007/s11356-023-25407-9 Text en © The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature 2023, Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic. |
spellingShingle | Research Article Chien, FengSheng Zhang, YunQian Li, Li Huang, Xiang-Chu Impact of government governance and environmental taxes on sustainable energy transition in China: fresh evidence using a novel QARDL approach |
title | Impact of government governance and environmental taxes on sustainable energy transition in China: fresh evidence using a novel QARDL approach |
title_full | Impact of government governance and environmental taxes on sustainable energy transition in China: fresh evidence using a novel QARDL approach |
title_fullStr | Impact of government governance and environmental taxes on sustainable energy transition in China: fresh evidence using a novel QARDL approach |
title_full_unstemmed | Impact of government governance and environmental taxes on sustainable energy transition in China: fresh evidence using a novel QARDL approach |
title_short | Impact of government governance and environmental taxes on sustainable energy transition in China: fresh evidence using a novel QARDL approach |
title_sort | impact of government governance and environmental taxes on sustainable energy transition in china: fresh evidence using a novel qardl approach |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9909652/ https://www.ncbi.nlm.nih.gov/pubmed/36757594 http://dx.doi.org/10.1007/s11356-023-25407-9 |
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