A study of trilemma energy balance, clean energy transitions, and economic expansion in the midst of environmental sustainability: New insights from three trilemma leadership

We investigate the impact of trilemma energy balance and clean energy transitions on economic expansion and environmental sustainability while moderating the role of clean energy and natural re-sources rents of the three trilemma leaders from 1990 to 2016. Through this study, we have developed a comprehensive empirical analysis, applied advanced econometric methodologies. Westerlund's panel co-integration suggests long-run relationships within the variables. Our long-run random effect generalized least squares (GLS), generalized least square mixed effect models (GLMM), and robust correlated panel corrected standard errors (PCSEs) findings indicate trilemma energy balance, clean energy transition, and natural resource depletion enhance economic growth while clean energy discourages this growth. Moreover, trilemma energy balance, clean energy transitions, and clean energy improve while natural resources depletion deteriorates environmental sustainability in the trilemma energy leadership. Increasing the trilemma energy balance by 1% boosts economic growth by 0.3874223%. By increasing the trilemma energy balance by 1%, the ecological footprint is reduced by-0.5901441%. A 1% acceleration in the clean energy transitions boosts economic growth by 0.1208461%. By accelerating the transition to clean energy by 1%, the environmental footprint would decrease by 0.0273685%. Crucial policy impli-cations and study limitations are discussed.(c) 2022 Elsevier Ltd. All rights reserved.

Automated summary

This study investigates the impact of trilemma energy balance and clean energy transitions on economic expansion and environmental sustainability, while considering the role of clean energy and natural resource rents in the trilemma leaders. The findings suggest that trilemma energy balance, clean energy transitions, and natural resource depletion have a positive impact on economic growth, while clean energy discourages this growth. Additionally, trilemma energy balance, clean energy transitions, and clean energy improve environmental sustainability, while natural resource depletion deteriorates it.