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This study aims to measure the impact of environmental regulation on the production of renewable energies in OECD countries from 1990 to 2021. Environmental policies stringency, environmental taxes, and CO2 emissions are variables indicating environmental regulation, which affect renewable energies production. The study relied on unconditional quantitative regression methods. The study found that strict environmental policies do not necessarily enhance renewable energy production in countries with high or low production. Moreover, environmental tax revenues have varying impacts on renewable energy production based on renewable energy production in each country. For countries with below-average levels of renewable energy (Q25), environmental taxes positively affect renewable energy production; however, in countries with high production levels (Q90), environmental taxes show a negative effect. Furthermore, CO2 emissions negatively affect the total production of renewable energy in all quantiles except Q50, whereas R&amp;D spending positively affects renewable energies in all quantiles except Q75. The estimates also showed a significant negative effect of patents on the renewable energy production in quantile Q10. The results underscore the importance of flexibility and adaptability in environmental policies and taxes. Finally, the study indicates that policies must be dynamic and respond to the specificity of each stage of renewable energy development in the studied countries.
</abstract>

This study aims to measure the impact of environmental regulation on the production of renewable energies in OECD countries from 1990 to 2021. Environmental policies stringency, environmental taxes, and CO2 emissions are variables indicating environmental regulation, which affect renewable energies production. The study relied on unconditional quantitative regression methods. The study found that strict environmental policies do not necessarily enhance renewable energy production in countries with high or low production. Moreover, environmental tax revenues have varying impacts on renewable energy production based on renewable energy production in each country. For countries with below-average levels of renewable energy (Q25), environmental taxes positively affect renewable energy production; however, in countries with high production levels (Q90), environmental taxes show a negative effect. Furthermore, CO2 emissions negatively affect the total production of renewable energy in all quantiles except Q50, whereas R&D spending positively affects renewable energies in all quantiles except Q75. The estimates also showed a significant negative effect of patents on the renewable energy production in quantile Q10. The results underscore the importance of flexibility and adaptability in environmental policies and taxes. Finally, the study indicates that policies must be dynamic and respond to the specificity of each stage of renewable energy development in the studied countries.

Environmental Regulation and Renewable Energies: Evidence from Generalized Panel Unconditional Quantile Regression

Laboratory of Requirements of the Promotion and Development of Emerging Economies in the Context of Integration into the Global Economy (LEPEM)

Higher National School of Statistics and Applied Economics, Koléa University Center

Central European Economic Journal

This work is licensed under the Creative Commons Attribution 4.0 International License.

This study aims to measure the impact of environmental regulation on the production of renewable energies in OECD countries from 1990 to 2021. Environmental...

Environmental Regulation and Renewable Energies: Evidence from Generalized Panel Unconditional Quantile Regression

Online veröffentlicht: 20. Juni 2024

Seitenbereich: 252 - 268

DOI: https://doi.org/10.2478/ceej-2024-0017

Schlüsselwörter
stringency of environmental policies, environmental taxes, CO emissions, production of renewable energies, quantile regression

© 2024 Amal Rahmane et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Environmental Regulation and Renewable Energies: Evidence from Generalized Panel Unconditional Quantile Regression

Online veröffentlicht: 20. Juni 2024

Seitenbereich: 252 - 268

DOI: https://doi.org/10.2478/ceej-2024-0017

Schlüsselwörterstringency of environmental policies, environmental taxes, CO emissions, production of renewable energies, quantile regression

© 2024 Amal Rahmane et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Schlüsselwörter
stringency of environmental policies, environmental taxes, CO emissions, production of renewable energies, quantile regression