Complementarities in the effect of economic globalization and decarbonization technologies on carbon neutrality. Evidence from Germany using Fourier-based approaches
The global community has seen the existential threat of climate change caused by rising carbon dioxide emissions. But arising out of the 2015 United Nations Sustainable Development Goals is the call for a shift to clean energy technologies. The EU has set its targets to reach climate-neutrality by 2...
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| Format: | Article |
| Language: | English |
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Elsevier
2023-12-01
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| Series: | World Development Sustainability |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2772655X23000095 |
| _version_ | 1827582620943253504 |
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| author | Kwaku Addai Berna Serener Dervis Kirikkaleli |
| author_facet | Kwaku Addai Berna Serener Dervis Kirikkaleli |
| author_sort | Kwaku Addai |
| collection | DOAJ |
| description | The global community has seen the existential threat of climate change caused by rising carbon dioxide emissions. But arising out of the 2015 United Nations Sustainable Development Goals is the call for a shift to clean energy technologies. The EU has set its targets to reach climate-neutrality by 2050, which requires that all Member States implement a coherent set of climate policies. The European Commission helps EU Member States design and implement reforms that support green transitions towards achieving the goals of the European Green Deal. To help the Europen Union with policy suggestions, this study investigates complementarities in the effect of economic globalization and decarbonization technologies on carbon neutrality in Germany using Fourier-based approaches between 1990 and 2019. The Fourier ARDL cointegration estimates indicate all variables are integrated. Additionally, the Fourier ARDL Long-run estimates indicate (i) both decarbonization technologies and economic globalization improve environmental quality; (ii) However, economic growth and primary energy consumption were found to cause havoc to environmental quality. To advance sustainability objectives, the German government could invest heavily in green technologies and innovation towards improving on their resilient systems and environmentally friendly infrastructure. Additionally, the European Union could implement regional trade opennes policies and regulatory measures towards inclusive green European economies that deliver on green and fair trade. Finally, the United Nations could implement projects that support partner economies to identify their unique transformational pathways through advanced analytical tools which could provide policy options and assess progress towards inclusive green economy. |
| first_indexed | 2024-03-08T22:54:18Z |
| format | Article |
| id | doaj.art-335bd0be27b74e0589ec4b1faed1aabf |
| institution | Directory Open Access Journal |
| issn | 2772-655X |
| language | English |
| last_indexed | 2024-03-08T22:54:18Z |
| publishDate | 2023-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | World Development Sustainability |
| spelling | doaj.art-335bd0be27b74e0589ec4b1faed1aabf2023-12-16T06:11:17ZengElsevierWorld Development Sustainability2772-655X2023-12-013100050Complementarities in the effect of economic globalization and decarbonization technologies on carbon neutrality. Evidence from Germany using Fourier-based approachesKwaku Addai0Berna Serener1Dervis Kirikkaleli2Faculty of Economic and Administrative Science, Department of Business Administration, European University of Lefke, Northern Cyprus, TR-10, Mersin, Turkey; Corresponding author.Faculty of Economic and Administrative Science, Department of Banking and Finance, European University of Lefke, Northern Cyprus, TR-10, Mersin, TurkeyFaculty of Economic and Administrative Science, Department of Banking and Finance, European University of Lefke, Northern Cyprus, TR-10, Mersin, TurkeyThe global community has seen the existential threat of climate change caused by rising carbon dioxide emissions. But arising out of the 2015 United Nations Sustainable Development Goals is the call for a shift to clean energy technologies. The EU has set its targets to reach climate-neutrality by 2050, which requires that all Member States implement a coherent set of climate policies. The European Commission helps EU Member States design and implement reforms that support green transitions towards achieving the goals of the European Green Deal. To help the Europen Union with policy suggestions, this study investigates complementarities in the effect of economic globalization and decarbonization technologies on carbon neutrality in Germany using Fourier-based approaches between 1990 and 2019. The Fourier ARDL cointegration estimates indicate all variables are integrated. Additionally, the Fourier ARDL Long-run estimates indicate (i) both decarbonization technologies and economic globalization improve environmental quality; (ii) However, economic growth and primary energy consumption were found to cause havoc to environmental quality. To advance sustainability objectives, the German government could invest heavily in green technologies and innovation towards improving on their resilient systems and environmentally friendly infrastructure. Additionally, the European Union could implement regional trade opennes policies and regulatory measures towards inclusive green European economies that deliver on green and fair trade. Finally, the United Nations could implement projects that support partner economies to identify their unique transformational pathways through advanced analytical tools which could provide policy options and assess progress towards inclusive green economy.http://www.sciencedirect.com/science/article/pii/S2772655X23000095O1O2O5Q01032044 |
| spellingShingle | Kwaku Addai Berna Serener Dervis Kirikkaleli Complementarities in the effect of economic globalization and decarbonization technologies on carbon neutrality. Evidence from Germany using Fourier-based approaches World Development Sustainability O1 O2 O5 Q01 032 044 |
| title | Complementarities in the effect of economic globalization and decarbonization technologies on carbon neutrality. Evidence from Germany using Fourier-based approaches |
| title_full | Complementarities in the effect of economic globalization and decarbonization technologies on carbon neutrality. Evidence from Germany using Fourier-based approaches |
| title_fullStr | Complementarities in the effect of economic globalization and decarbonization technologies on carbon neutrality. Evidence from Germany using Fourier-based approaches |
| title_full_unstemmed | Complementarities in the effect of economic globalization and decarbonization technologies on carbon neutrality. Evidence from Germany using Fourier-based approaches |
| title_short | Complementarities in the effect of economic globalization and decarbonization technologies on carbon neutrality. Evidence from Germany using Fourier-based approaches |
| title_sort | complementarities in the effect of economic globalization and decarbonization technologies on carbon neutrality evidence from germany using fourier based approaches |
| topic | O1 O2 O5 Q01 032 044 |
| url | http://www.sciencedirect.com/science/article/pii/S2772655X23000095 |
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