How natural resource, renewable energy, and energy productivity integrate with environmental quality under the load capacity curve in OECD nations

Abstract

Previous research highlights the impact of renewable energy (REN) sources and natural resources (NRP) on environmental sustainability, but it leaves out the possible consequences of energy production (EP). Additionally, clean environment is addressed by Sustainable Development Goals 7 and 12. This study evaluates the outcomes of meeting the OECD's carbon zero targets by 2050 as well as the UN Climate Change Conference of the Parties' 2030 carbon neutrality target. Therefore, evaluating how these factors affect the load capacity factor (LCF) may have pertinent ramifications for the government's pursuit of sustainable development objectives. Therefore, the effects of REN, NRP, and energy efficiency on LCF were examined for Organization for Economic Cooperation and Development (OECD) countries. The method of momentum quantile regression (MMQR) is applied during the period of 1990-2022. The results show that REN is increasing LCF by 0.157% to 0.161% in four quantiles and NRP is also contributing to environmental quality by 0.385% to 0.233% in 25th to 90th quantiles. EP is lowering LCF by 0.091% to 0.073% in the long run. The paper provides policy implications for a cleaner environment in OECD nations.