Eco-innovation impact on CO2 emissions and energy productivity in EU countries

• Autor(a) principal: Marques, Rodrigo dos Santos
• Data de Publicação: 2021
• Tipo de documento: Dissertação
• Idioma: por
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10071/23435
• topic: Eco-innovation; Energy consumption; CO2 emissions; Productivity; Cross-sectional dependence; Eco-inovação; Consumo energético; Emissões de CO2; Produtividade; Dependência transversal

Climate crisis is one of the biggest problems that humanity is facing, and the solution seems to be far away from being reached, since there are other problems that depend on the economic performance of the countries that need also to be addressed by governments. For this reason, solutions must be studied in line with both objectives relating to economic activity and environmental protection. Eco-innovation can be one of those solutions and, therefore, it has been attracting the attention of researchers. This study intends to make a contribution to this theme. To understand the impact of Eco-innovation, two variables are used, namely, a ratio with GDP/Energy and another with GDP/Emissions. These variables will allow understanding the impact of Eco-innovation on Energy and CO2 Emissions productivity. Using a panel data and an ARDL model, this relationship is explored, both in the short and in the long term, allowing controlling for the Cross-sectional Dependence, a problem that arises due to the high dependency between the countries of the EU, which constitute the sample of our study. The results do not suggest a long-term relationship between Eco-innovation and GDP/Energy and GDP/Emissions. The same is verified for GDP/Emissions in the short term, though a very small-scale negative effect was found for GDP/Energy. The results suggest that it is possible to maintain the same level of GDP using Eco-innovation, at least for Energy consumption in EU countries.