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Introducing a new measure of energy transition: Green quality of energy mix and its impact on CO2 emissions
Lau, C.K. Gozgor, Giray Mahalik, M.K. Patel, G. Li, Jing
Lau, C.K.
Gozgor, Giray
Mahalik, M.K.
Patel, G.
Li, Jing
Publication Date
2023-06
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© 2023 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
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openAccess
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25/04/2023
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Abstract
This paper introduces a novel measure of the energy transition, i.e., the green quality of energy mix (GREENQ) across the Organisation for Economic Co-operation and Development (OECD) countries. Then, the paper examines the impact of the GREENQ on CO2 emissions in the panel dataset of 36 OECD countries from 1970 to 2021. The explanatory variables include per capita income, institutional quality and technology. Long-run panel data estimations indicate that per capita income, institutional quality and technology increase CO2 emissions. The novel evidence is that the GREENQ is negatively related to the level of CO2 emissions. These findings are robust to employ different panel data estimation techniques. Potential policy implications are also discussed.
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Citation
Lau CK, Gozgor G, Mahalik MK et al (2023) Introducing a new measure of energy transition: Green quality of energy mix and its impact on CO2 emissions. Energy Economics. 122: 106702.
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Article