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Strategy towards sustainable energy transition: The effect of policy uncertainty, environmental technology and natural resources rent in the OECD nations

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dc.creator Shahbaz, Muhammad
dc.creator Khalfaoui, Rabeh
dc.creator Chu, Lan Khanh
dc.creator DOĞAN, Buhari
dc.creator Ghosh, Sudeshna
dc.date 2024-11-01T00:00:00Z
dc.date.accessioned 2025-02-25T10:17:45Z
dc.date.available 2025-02-25T10:17:45Z
dc.identifier 194e6b53-3550-4130-904c-c1b781d11648
dc.identifier 10.1016/j.resourpol.2024.105333
dc.identifier https://avesis.sdu.edu.tr/publication/details/194e6b53-3550-4130-904c-c1b781d11648/oai
dc.identifier.uri http://acikerisim.sdu.edu.tr/xmlui/handle/123456789/98916
dc.description The stupendous increase in environmental pollutants alongside climate alterations are calling for integrated tasks at the global level to meet the Paris Agreements. Energy conversion from fossil fuel to renewable energy sources is an important step to address the adverse effects of extreme climatic conditions. This study explores the key contributors of energy transition in the context of the OECD countries during the period 1991 to 2019. To this end the major determinants chosen include natural resources rents, policy uncertainty, environmental technologies, environmental policies, income and globalization. The quantile regression technique is used to explore heterogeneous role of the contributory factors of energy transition across its different levels. This study applies method of moments quantile regression (hereafter MM-QR) by Machado and Silva (2019) that provides evidence on how the covariates affect the integral conditional distributions of energy transition. The study documents interesting findings. (i) Natural resources rents reduce the pace of the progress of sustainable energy transition in OECD economies. (ii) An escalation in the world uncertainty index leads to an improvement in energy transition index. (iii) Environmental technologies support the transition concerning cleaner and more efficient energy sources. (iv) Finally, as natural resources, uncertainty, environmental technologies, and globalization impacts energy transition differently, their effects need to be rationalized with varying environmental policy instruments. The study concludes that energy transition process requires the task of upgrading the quality of implementation of policies related to energy technology.
dc.language eng
dc.rights info:eu-repo/semantics/closedAccess
dc.title Strategy towards sustainable energy transition: The effect of policy uncertainty, environmental technology and natural resources rent in the OECD nations
dc.type info:eu-repo/semantics/article


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