Renewable Energy, Knowledge Spillover and Innovation: Capacity of Environmental Regulation
The European Union (EU) countries have declared the ambitious goal of providing carbon-free economic development. Considering this, the EU countries are going to pursue relevant policies for a step-by-step refusal of mining and coal energy, consequently reducing greenhouse gas emissions. The analysi...
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-01-01
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| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/16/3/1117 |
| _version_ | 1797624791153246208 |
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| author | Henryk Dzwigol Aleksy Kwilinski Oleksii Lyulyov Tetyana Pimonenko |
| author_facet | Henryk Dzwigol Aleksy Kwilinski Oleksii Lyulyov Tetyana Pimonenko |
| author_sort | Henryk Dzwigol |
| collection | DOAJ |
| description | The European Union (EU) countries have declared the ambitious goal of providing carbon-free economic development. Considering this, the EU countries are going to pursue relevant policies for a step-by-step refusal of mining and coal energy, consequently reducing greenhouse gas emissions. The analysis of the theoretical background showed that renewable energy is the core dimension of reducing greenhouse gas emissions. In this case, the paper aims to justify the impact of core dimensions (knowledge spillover, innovation, and environmental regulation) that could boost renewable energy penetration into all sectors and levels. The following methods are applied to test the hypotheses: stationarity testing in panels; cross-section dependence testing; cointegration testing; and estimation in heterogeneous parameter models. The data are obtained from Eurostat, the OECD, and the World Data Bank. The object of research is the EU country in the period 2010–2020. The findings confirm the hypothesis on the statistically significant impact of innovation and knowledge spillover on renewable energy. In addition, environmental regulation has a mediating positive effect on interconnections among knowledge spillover, innovations, and renewable energy. In this case, countries should boost the development of appropriate environmental regulations, which should be effective and transparent for all stakeholders. |
| first_indexed | 2024-03-11T09:47:27Z |
| format | Article |
| id | doaj.art-fc9681e93d0a4af4acfe1ff973111dec |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-11T09:47:27Z |
| publishDate | 2023-01-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-fc9681e93d0a4af4acfe1ff973111dec2023-11-16T16:32:56ZengMDPI AGEnergies1996-10732023-01-01163111710.3390/en16031117Renewable Energy, Knowledge Spillover and Innovation: Capacity of Environmental RegulationHenryk Dzwigol0Aleksy Kwilinski1Oleksii Lyulyov2Tetyana Pimonenko3Department of Management, Faculty of Applied Sciences, WSB University, 41-300 Dabrowa Gornicza, PolandDepartment of Management, Faculty of Applied Sciences, WSB University, 41-300 Dabrowa Gornicza, PolandDepartment of Management, Faculty of Applied Sciences, WSB University, 41-300 Dabrowa Gornicza, PolandDepartment of Management, Faculty of Applied Sciences, WSB University, 41-300 Dabrowa Gornicza, PolandThe European Union (EU) countries have declared the ambitious goal of providing carbon-free economic development. Considering this, the EU countries are going to pursue relevant policies for a step-by-step refusal of mining and coal energy, consequently reducing greenhouse gas emissions. The analysis of the theoretical background showed that renewable energy is the core dimension of reducing greenhouse gas emissions. In this case, the paper aims to justify the impact of core dimensions (knowledge spillover, innovation, and environmental regulation) that could boost renewable energy penetration into all sectors and levels. The following methods are applied to test the hypotheses: stationarity testing in panels; cross-section dependence testing; cointegration testing; and estimation in heterogeneous parameter models. The data are obtained from Eurostat, the OECD, and the World Data Bank. The object of research is the EU country in the period 2010–2020. The findings confirm the hypothesis on the statistically significant impact of innovation and knowledge spillover on renewable energy. In addition, environmental regulation has a mediating positive effect on interconnections among knowledge spillover, innovations, and renewable energy. In this case, countries should boost the development of appropriate environmental regulations, which should be effective and transparent for all stakeholders.https://www.mdpi.com/1996-1073/16/3/1117sustainable developmentgreen economyrenewable energygreen awareness |
| spellingShingle | Henryk Dzwigol Aleksy Kwilinski Oleksii Lyulyov Tetyana Pimonenko Renewable Energy, Knowledge Spillover and Innovation: Capacity of Environmental Regulation Energies sustainable development green economy renewable energy green awareness |
| title | Renewable Energy, Knowledge Spillover and Innovation: Capacity of Environmental Regulation |
| title_full | Renewable Energy, Knowledge Spillover and Innovation: Capacity of Environmental Regulation |
| title_fullStr | Renewable Energy, Knowledge Spillover and Innovation: Capacity of Environmental Regulation |
| title_full_unstemmed | Renewable Energy, Knowledge Spillover and Innovation: Capacity of Environmental Regulation |
| title_short | Renewable Energy, Knowledge Spillover and Innovation: Capacity of Environmental Regulation |
| title_sort | renewable energy knowledge spillover and innovation capacity of environmental regulation |
| topic | sustainable development green economy renewable energy green awareness |
| url | https://www.mdpi.com/1996-1073/16/3/1117 |
| work_keys_str_mv | AT henrykdzwigol renewableenergyknowledgespilloverandinnovationcapacityofenvironmentalregulation AT aleksykwilinski renewableenergyknowledgespilloverandinnovationcapacityofenvironmentalregulation AT oleksiilyulyov renewableenergyknowledgespilloverandinnovationcapacityofenvironmentalregulation AT tetyanapimonenko renewableenergyknowledgespilloverandinnovationcapacityofenvironmentalregulation |