Green industrial transition: Leveraging environmental innovation and environmental tax to achieve carbon neutrality. Expanding on STRIPAT model

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dc.authoridOfori, Elvis Kwame/0000-0001-5404-9078
dc.authoridZhang, Jin/0000-0002-1374-598X
dc.contributor.authorOfori, Elvis Kwame
dc.contributor.authorLi, Jinkai
dc.contributor.authorGyamfi, Bright Akwasi
dc.contributor.authorOpoku-Mensah, Evans
dc.contributor.authorZhang, Jin
dc.date.accessioned2024-09-11T19:51:05Z
dc.date.available2024-09-11T19:51:05Z
dc.date.issued2023
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractAnthropogenic global warming strategies on carbon mitigation are driven by encouraging green innovation and using carbon taxes, yet an empirical model to validate this is non-existing. Moreover, the existing stochastic effects by regression on population, wealth, and technology (STIRPAT) model has been found to lack policy tools on taxes and institutions that cut carbon emissions. This study amends the STIRPAT model with environmental technology, environmental taxes, and strong institutional frameworks to create a new model STIRPART(sto-chastic impacts by regression on population, affluence, regulation, and technology) to understand the factors impacting carbon pollution using the emerging 7 economies. Using data from 2000 to 2020, the Driscoll-Kraay fixed effects are employed in this analysis to conduct evidential tests of the impacts of environmental policies, eco-friendly innovations, and strong institutions. The outcomes indicate that environmental technology, envi-ronmental taxation, and institution quality decrease E7's carbon emissions by 0.170%, 0.080%, and 0.016%, respectively. It is recommended that E7 policymakers should adopt the STIRPART postulate as the theoretical basis for policies favoring environmental sustainability. The key contribution is the amendment of the STIRPAT model and the enhancement of the market-based mechanisms, such as patents, strong institutions, and carbon taxes, to enable environmental policy to be carried out sustainably and cost-effectively.en_US
dc.identifier.doi10.1016/j.jenvman.2023.118121
dc.identifier.issn0301-4797
dc.identifier.issn1095-8630
dc.identifier.pmid37224684en_US
dc.identifier.scopus2-s2.0-85160209324en_US
dc.identifier.urihttps://doi.org/10.1016/j.jenvman.2023.118121
dc.identifier.urihttps://hdl.handle.net/11363/7734
dc.identifier.volume343en_US
dc.identifier.wosWOS:001007288000001en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherAcademic Press Ltd- Elsevier Science Ltden_US
dc.relation.ispartofJournal of Environmental Managementen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240903_Gen_US
dc.subjectTransition towards renewablesen_US
dc.subjectEnvironmental technologiesen_US
dc.subjectEnvironmental taxen_US
dc.subjectEnvironmental regulationsen_US
dc.subjectSTIRPATen_US
dc.titleGreen industrial transition: Leveraging environmental innovation and environmental tax to achieve carbon neutrality. Expanding on STRIPAT modelen_US
dc.typeArticleen_US

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