Journal
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
Volume 29, Issue 26, Pages 39239-39248Publisher
SPRINGER HEIDELBERG
DOI: 10.1007/s11356-021-18327-z
Keywords
Eco-innovation; Carbon Neutrality; Energy Productivity; International Trade; Carbon Emission
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Unlike previous studies, this study aims to fill the research gap in consumption-based carbon emissions by considering the role of energy productivity, eco-innovation, and international trade. The empirical outcomes indicate that energy productivity, eco-innovation, and exports have a negative impact on carbon emissions, while economic growth and imports contribute to carbon emissions. The study highlights the importance of energy productivity and environmental innovation for achieving carbon neutrality.
Unlike previous studies, this study attempts to fill the research gap in the area of consumption-based carbon emissions by introducing the role of energy productivity and eco-innovation along with international trade. To fill the mentioned research gap, the present study aims to evaluate the impact of eco-innovation and energy productivity on trade-adjusted consumption-based carbon emissions for the Next Eleven (N-11) economies using updated available data from 1995-2019. Further, on the methodological aspect, this study employed novel advanced panel data econometric techniques such as cross-sectional autoregressive distributed lags model (CS-ARDL), Westerlund cointegration test, and augmented mean group approach, which helps to tackle the problem of cross-section dependency and heterogeneity. The empirical outcomes confirm the long-run cointegrating relationship for consumption-based carbon emissions with exports, imports, gross domestic product, energy productivity, and eco-innovation. The results from CS-ARDL indicate that energy productivity, eco-innovation, and exports decrease carbon emissions by - 0.181%, - 0.0148%, and - 0.292%, respectively. However, economic growth and imports cause carbon emissions to increase by 1.201% and 0.225%, respectively. Moreover, the results also confirmed that any policy targeting energy productivity, exports, imports, gross domestic product, and eco-innovation should help to achieve equilibrium in approximately more than 1 year. This study recommends that the role of energy productivity and environment-related innovation is crucial for achieving the carbon neutrality target of the Next Eleven economies.
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