Abstract
This paper proposes a novel model for the cyclical and non-linear association between innovation in green and sustainable technologies and carbon dioxide (CO2) emissions using foreign direct investment, gross domestic consumption, and renewable energy consumption as control variables for OECD economies. First, the findings validated the long-run cointegration among variables. Second, the significant long-term negative nexus between renewable energy consumption, positive shocks to innovation in green and sustainable technologies, and CO2 emission was validated. Third, income per capita (GDP) and the negative shocks to innovation in green and sustainable technologies contributed to the CO2 emissions. Based on these findings, this study offers some policy implications to mitigate CO2 emissions.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
