Work

Reducing transport sector CO2 emissions patterns: Environmental technologies and renewable energy

Year: 2024

Type: article

Abstract: The research explores the impact of environmental technologies and renewable energy on carbon dioxide (CO2) emissions from the EU transportation sector (2007-2020). Utilizing panel corrected standard error and feasible generalized least squares methods, the study uncovers key drivers influencing declining CO2 emissions. The results reveal a significant and variable effect of environmental technologies and renewable energy on CO2 emissions in the EU transport sector, emphasizing the positive correlation between increased renewable energy adoption and emission reduction. This underscores the necessity for heightened EU investment in sustainable transport infrastructure and clean energy solutions, encompassing initiatives like electric vehicles, hydrogen fuel cells, and biofuels. The study further recommends promoting renewable energy sources for transport systems, aligning with the broader goals of the European Green Deal and the EU Climate Law. Additionally, the research provides essential insights into policy implications, emphasizing a multifaceted approach including comprehensive strategies for cleaner transportation, innovation, and education to accelerate the transition towards sustainable practices in the EU.

Source: Journal of Open Innovation Technology Market and Complexity

DOI: 10.1016/j.joitmc.2024.100217

Authors: Aleksy Kwilinski, Oleksii Lyulyov, Tetyana Pimonenko

Institutions: Sumy State University, WSB University

Language: English

Topic: Energy, Environment, Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Climate action, Affordable and clean energy

Open Access status: gold

Estimated APC paid: $1,000