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- Title
The impact of environmentally related taxes and productive capacities on climate change: Insights from european economic area countries.
- Authors
Youssef, Adel Ben; Dahmani, Mounir; Mabrouki, Mohamed
- Abstract
In a world increasingly threatened by climate change and its associated risks, there's an urgent need to actively seek solutions for environmental protection and sustainable economic development. Central to this effort is understanding the role of environmental taxes and productive capacities in shaping environmental outcomes. Focusing on countries within the European Economic Area (EEA), this research uses advanced second-generation econometric techniques to examine this relationship. The use of cross-sectional autoregressive distributive lag (CS-ARDL) and dynamic common correlated effects (DCCE) models allows for a robust examination of panel data and provides reliable results. The results reveal an inverted U-shaped relationship, or Environmental Kuznets Curve (EKC), between GDP growth and environmental degradation in the EEA economies. Furthermore, while our data reveal a significant negative correlation between environmental taxes and CO2 emissions, we find that productive capacities have a more significant impact on reducing these emissions. These findings call for further research into the effectiveness of policies to support productive capacities in achieving environmental protection goals in the EEA.
- Subjects
EUROPEAN Economic Area; SUSTAINABLE development; ENVIRONMENTAL degradation; ENVIRONMENTAL impact charges; ENVIRONMENTAL protection; CARBON emissions; COUNTRIES
- Publication
Environmental Science & Pollution Research, 2023, Vol 30, Issue 44, p99900
- ISSN
0944-1344
- Publication type
Article
- DOI
10.1007/s11356-023-29442-4