Renewable energy and institutional quality effect on carbon dioxide emissions empirical study: a multi-factor analysis

Abstract

ABSTRACT With the development of society, the development of industry, the demand for fossil fuels and metal ores has also increased, leading to the uncontrolled exploitation of natural resources and their further reduction. Due to the widespread use of fossil fuels, carbon dioxide emissions are increasing every day. This is a common concern of many countries. In countries along the Belt and Road, carbon emissions have increased due to rising incomes, financial growth and urbanization. This paper investigates CO2 emissions in Belt and Road countries, using Stochastic Impacts by Regression on Population, Affluence, and Technology Framework and Driscoll-Kraay regression model were used for multi-factor analysis. Research shows that more renewable energy can help improve the energy system and reduce carbon dioxide emissions. In addition, research shows that the better the quality of the institution, the lower the carbon dioxide emissions. The government should also improve the system to reduce pollution from the second.