From Fossils to Green: Drivers of Co2 Emissions in Advanced Economies
Year: 2025
Type: article
Abstract: This study examines the determinants of CO₂ emissions in the G7 countries (1990–2023) using an extended STIRPAT framework and panel econometric techniques (CS-ARDL, CCEMG, AMG). We assess the roles of economic growth, energy mix, environmental policies, green innovation, and financial development on both production- and consumption- based emissions. Results show that fossil fuel consumption increases emissions, while renewable energy, climate policies, and green innovation reduce them, with innovation effects amplified by developed financial markets. Partial EKC patterns are observed, and consumption-based measures highlight carbon leakage through trade. Robustness checks confirm the stability of findings, offering policy insights for sustainable low-carbon transitions.
Author: *1Besma Talbi, 2Lamia Arfaoui, 3Mona Alzahrani
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7083682024
FWCI:
Cites:
Cited by:
Related to: