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Introducing a new measure of energy transition: Green quality of energy mix and its impact on CO2 emissions

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Listed:
  • Lau, Chi Keung
  • Gozgor, Giray
  • Mahalik, Mantu Kumar
  • Patel, Gupteswar
  • Li, Jing

Abstract

This paper introduces a novel measure of the energy transition, i.e., the green quality of energy mix (GREENQ) across the Organisation for Economic Co-operation and Development (OECD) countries. Then, the paper examines the impact of the GREENQ on CO2 emissions in the panel dataset of 36 OECD countries from 1970 to 2021. The explanatory variables include per capita income, institutional quality and technology. Long-run panel data estimations indicate that per capita income, institutional quality and technology increase CO2 emissions. The novel evidence is that the GREENQ is negatively related to the level of CO2 emissions. These findings are robust to employ different panel data estimation techniques. Potential policy implications are also discussed.

Suggested Citation

  • Lau, Chi Keung & Gozgor, Giray & Mahalik, Mantu Kumar & Patel, Gupteswar & Li, Jing, 2023. "Introducing a new measure of energy transition: Green quality of energy mix and its impact on CO2 emissions," Energy Economics, Elsevier, vol. 122(C).
  • Handle: RePEc:eee:eneeco:v:122:y:2023:i:c:s0140988323002001
    DOI: 10.1016/j.eneco.2023.106702
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    More about this item

    Keywords

    CO2 emissions; Green quality of energy mix; GREENQ; Institutional quality; Technology; Panel data estimations;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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