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The role of biomass energy consumption and economic complexity on environmental sustainability in G7 economies

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dc.creator Ghosh, Sudeshna
dc.creator Dogan, Buhari
dc.creator Shahzad, Umer
dc.creator Elheddad, Mohamed
dc.creator Swart, Julia
dc.date 2022-06-01T00:00:00Z
dc.date.accessioned 2023-01-09T12:01:20Z
dc.date.available 2023-01-09T12:01:20Z
dc.identifier 32d68e3f-4087-4fa6-b1a0-004eb0815da6
dc.identifier 10.1002/bse.3175
dc.identifier https://avesis.sdu.edu.tr/publication/details/32d68e3f-4087-4fa6-b1a0-004eb0815da6/oai
dc.identifier.uri http://acikerisim.sdu.edu.tr/xmlui/handle/123456789/97722
dc.description This paper empirically examines the effect of biomass energy consumption and economic complexity on environmental sustainability in G7 economies. The current study attempts to report a comprehensive analysis of biomass energy and economic complexity on ecological and carbon footprints and carbon emissions. We employ data from 1990 to 2019 and adopt robust panel econometric techniques that account for the analysis's cross-sectional dependence. We conduct cointegration analysis, pooled ordinary least squares (OLS), system generalized method of moments (GMM) and conditional quantile model for our empirical analysis. The empirical findings show that both biomass energy consumption and economic complexity are detrimental to the ecological footprint and carbon footprint. Additionally, we find that globalization positively affects the environment, while we find some evidence that bureaucratic quality improves environmental quality. Finally, in line with other research, we find that economic growth has detrimental effects on the environment. Our results suggest that policymakers should be more cautious in promoting biomass as a clean energy source and that the G7 economies should take advantage of their leading position in innovation to invest more in sustainable practices and investment.
dc.language eng
dc.rights info:eu-repo/semantics/closedAccess
dc.title The role of biomass energy consumption and economic complexity on environmental sustainability in G7 economies
dc.type info:eu-repo/semantics/article


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