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A blessing or a burden? Assessing the impact of Climate Change Mitigation efforts in Europe using Quantile Regression Models

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  • Abid, Nabila
  • Ahmad, Fayyaz
  • Aftab, Junaid
  • Razzaq, Asif

Abstract

Climate change received substantial attention because of its implications on all spheres of life. This study examined the effects of climate change mitigation on the economic, environmental, and social development of 18 European countries based on the environmental performance index for data from 1981 to 2018; control variables include foreign direct investment, trade openness, renewable and non-renewable energy, population growth and life expectancy. Panel quantile regression result shows that climate change mitigation is ineffective in promoting economic growth in an aggregate manner; only high and moderate environmental performance ranking countries manage to spur economic growth and social development. Low environmental performance rankings countries reveal no impact of climate change mitigation. Climate change mitigation promotes environmental development for all countries. Trade openness and energy choices are crucial to ensure climate change mitigation efforts. Findings indicate that the European Union needs well-designed strict policies that emphasize and help countries increase the share of renewable energy compared to fossil fuels and promote the integration of climate mitigation technology at the national and regional level through lenient tariffs, subsidization, financial aid, and technical assistance that help low economic growth countries accelerate the transition that is required to achieve overall economic, social, and environmental goals.

Suggested Citation

  • Abid, Nabila & Ahmad, Fayyaz & Aftab, Junaid & Razzaq, Asif, 2023. "A blessing or a burden? Assessing the impact of Climate Change Mitigation efforts in Europe using Quantile Regression Models," Energy Policy, Elsevier, vol. 178(C).
    • Handle: RePEc:eee:enepol:v:178:y:2023:i:c:s030142152300174x
    DOI: 10.1016/j.enpol.2023.113589
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    References listed on IDEAS

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    1. Akram, Rabia & Chen, Fuzhong & Khalid, Fahad & Huang, Guanhua & Irfan, Muhammad, 2021. "Heterogeneous effects of energy efficiency and renewable energy on economic growth of BRICS countries: A fixed effect panel quantile regression analysis," Energy, Elsevier, vol. 215(PB).
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    Cited by:

    1. Gao, Pengfei & Li, Zhiyi & Shi, Rubiao, 2024. "Impact of natural resource dependence on green technology development: Role of digital governance in mitigating resource-curse using big data," Resources Policy, Elsevier, vol. 92(C).
    2. Junlan Tan & Yasir Ahmed Solangi, 2024. "Assessing impact investing for green infrastructure development in low-carbon transition and sustainable development in China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(10), pages 25257-25280, October.
    3. Ahmad, Mahmood & Peng, Tao & Awan, Ashar & Ahmed, Zahoor, 2023. "Policy framework considering resource curse, renewable energy transition, and institutional issues: Fostering sustainable development and sustainable natural resource consumption practices," Resources Policy, Elsevier, vol. 86(PB).
    4. Serpil Türkyılmaz & Kadriye Nurdanay Öztürk, 2024. "Analysis of Factors Affecting CO 2 Emissions in Türkiye Using Quantile Regression," Sustainability, MDPI, vol. 16(22), pages 1-15, November.
    5. Muhammad Adnan & Baohua Xiao & Shaheen Bibi & Peiwen Xiao & Peng Zhao & Haiyan Wang & Muhammad Ubaid Ali & Xianjin An, 2024. "Known and Unknown Environmental Impacts Related to Climate Changes in Pakistan: An Under-Recognized Risk to Local Communities," Sustainability, MDPI, vol. 16(14), pages 1-27, July.
    6. Borojo, Dinkneh Gebre & Yushi, Jiang & Gong, Xueting & Zhang, Hongyu & Miao, Miao, 2024. "The heterogeneous impacts of climate finance on energy efficiency and renewable energy production in developing countries," Renewable Energy, Elsevier, vol. 236(C).
    7. Hui Wang & Anyin Jiang & Fayyaz Ahmad & Nabila Abid & Abbas Ali Chandio, 2024. "Attribute imbalances and innovation implementation based on grounded theory: A case of Chinese enterprises in Gansu Province," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 407-423, February.
    8. Liang, Huijun & Shi, Changkuan & Abid, Nabila & Yu, Yanliang, 2023. "Are digitalization and human development discarding the resource curse in emerging economies?," Resources Policy, Elsevier, vol. 85(PB).

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