The impact of innovation and technology investments on carbon emissions in selected organisation for economic Co-operation and development countries

By F. Ganda. Journal of Cleaner Production, 2019

467 citations recorded by the source corpus.

Abstract Countries belonging to the Organisation for Economic Co-operation and Development (OECD) are among those with the highest level of carbon emissions in the world. Following negotiations, OECD members resolved to heighten and support innovation and technology investments in the public and private sectors aimed at reducing carbon emissions. This study conducted a system-Generalized Method of Moments (GMM) analysis to investigate how innovation and technology investments influence carbon emissions in selected OECD economies from 2000 to 2014. Using data from the OECD database and the World Development Indicators (World Bank database), it employed four proxies of innovation and technology investments, namely, renewable energy consumption, the number of researchers, spending on research and development and the number of triadic patent families. The results indicated that, after applying the dynamic model and controlling for endogeneity, renewable energy consumption and spending on research and development have a statistically significant negative relationship with carbon emissions. The number of triadic patent families illustrates a positive and significant relationship with carbon emissions, but in the case of the number of researchers, the relationship was positive but not significant. Overall, this suggests that innovation and technology investments in these countries affect emissions differently and still have the potential to reduce environmental quality. It is concluded that ensuring that patents include natural environmental standard specifications and that researchers are better equipped with green skills and knowledge would enhance the achievement of zero-emission targets.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/1d0acc25337986953e82b011ba6c7e6d07d096bb

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Citations in the corpus

Green innovation and China’s CO2 emissions – the moderating effect of institutional quality (2021, background): “The research by Ganda (2019) mentioned that innovations measured by the number of patents can promote CO2 emissions in some regions.”
The effects of environmental innovations on CO2 emissions: Empirical evidence from Europe (2021, background): “In the context of OECD countries, Ganda (2019) highlights that technology and general innovation investments affect environmental quality in various ways, and have the potential to reduce environmental quality.”
Technology policy and environmental quality at crossroads: Designing SDG policies for select Asia Pacific countries (2020, background): “4 Fortune (2019) investigated the role of innovation and technological investments on carbon 5 emissions in the chosen countries.”
Public-private partnerships investment in energy as new determinant of CO2 emissions: The role of technological innovations in China (2020, unknown): “Ganda (2019) examined the effect of innovation and technological investment on environmental degradation using data for OECD countries for the period of 2000-2014.”