Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Impacts of climate change and policy Location: Auditorium O: Terje Hansen Session Chair: Anna Isabella Reckwitz, Potsdam Institute for Climate Impact Research | |
| Presentation 2 | |
Greening the Economy: The Impact of Green Finance, Environmental Taxes, and Renewable Energy Consumption on Consumption-Based Carbon Emissions in OECD Nations USMS, GGSIPU, India Green initiatives such as renewable energy consumption (REC), green finance (GF), and environmental taxes (ERT) are important drivers of environment sustainability in an economy. Therefore, exploring the impact of these initiatives, specifically on consumption-based carbon emissions (CBE) can provide useful policy directions. This study examines the stated relationship by employing the Driscoll-Kraay regression approach for the panel of OECD nations over a temporal span from 1995 to 2022. The endogeneity concerns have been addressed by the system generalized method of moments. For ascertaining the impact of explanatory variables across the distribution of dependent variable we have employed methods of moments quantile regression. The results of different econometric approaches reveal that GF, ERT, and REC contribute to environmental sustainability by reducing CBE, while population growth, economic development, and inefficient use of energy lead to environmental degradation. Most importantly, there is a synergistic impact of interaction between GF and ERT on environmental sustainability. The consistency of our results across different models and methodologies underscores their robustness. The potential impact of these findings is significant as they can guide policy decisions and actions to ensure environmental sustainability. | |
