Unlocking Energy Potentials for Carbon Neutrality in OECD Countries

33 Pages Posted: 4 Feb 2023

See all articles by Farhad Taghizadeh Hesary

Farhad Taghizadeh Hesary

Waseda University

Abdulrasheed Zakari

Beijing Institute of Technology

Rafael Alvarado

affiliation not provided to SSRN

Abstract

This study looks at the role of energy transition in reaching carbon neutrality in Organization for Economic Cooperation and Development (OECD) countries between 2000 and 2020. The panel corrected standard error (PCSE), instrument variables - generalised moment of method (IV-GMM), and quantile regression approaches are used to account for the possibility of cross-sectional dependence, heteroscedasticity, endogeneity, and heterogeneity in the model. The empirical results show that energy transitions contribute to carbon neutrality; however, the impact varies significantly across energy transition indicators and quantiles. As a result, this research adds to the potential heterogeneity of the direct effects of transitions and green indicators towards carbon neutrality in OECD countries. Based on our findings, we propose policies that promote green policies, politics, technological innovation, and finance all at the same time.

Keywords: Carbon neutrality, green transitions, OECD, Quantile regression

Suggested Citation

Taghizadeh Hesary, Farhad and Zakari, Abdulrasheed and Alvarado, Rafael, Unlocking Energy Potentials for Carbon Neutrality in OECD Countries. Available at SSRN: https://ssrn.com/abstract=4348061 or http://dx.doi.org/10.2139/ssrn.4348061

Farhad Taghizadeh Hesary (Contact Author)

Waseda University ( email )

1-6-1 Nishi-Waseda,
Shinjuku, Tokyo 169-8050
Japan

Abdulrasheed Zakari

Beijing Institute of Technology ( email )

School of Management and Economics
Center for Energy and Environmental Policy Researc
Beijing, 0000
China

Rafael Alvarado

affiliation not provided to SSRN ( email )

No Address Available

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