Abstract
The research literature on the driving mechanisms for the clean energy transition in the Next 11 (N11) economies to accomplish their carbon-free targets is scarce. We address this research gap with an empirical analysis of the effects of renewable fuels, resource allocation, corporate governance, energy trade, economic growth, carbon taxes, and digitalization on the shift to clean energy between 1990 and 2022. Using the method of Moments Quantile Regression, the results show that all regressors enhance the shift to clean energy. Based on the study outcomes, policymakers should intensify their attempts to coordinate policies to support sustainable development goal ambitions.
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