A carregar...
Publicação
Restructuring reforms for green growth
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 2.21 MB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
Policymakers across the world are striving to tackle the century-defining challenge of climate change
without undermining potential growth. This paper examines the impact of structural reforms in the
energy sector (electricity and gas) on enviromental outcomes and green growth indicators in a panel
of 25 advanced economies during the period 1970-2020. We obtain striking results. First, while
structural reforms so far failed in reducing greenhouse gas emissions per capita, there is some
evidence for greater effectiveness in lowering emissions per unit of GDP. Second, although energy
reforms are not associated with higher supply of renewable energy as a share of total energy supply,
they appear to stimulate a sustained increase in environmental inventions and patents per capita
over the medium term. We also find strong evidence of nonlinear effects, with market-friendly energy
reforms leading to better environmental outcomes and green growth in countries with stronger
environmental regulations. Looking forward, therefore, structural reforms should be designed not
just for market efficiency but also for green growth.
Descrição
Palavras-chave
Structural reforms environment green growth panel data local projection environmmental policy
Contexto Educativo
Citação
Cevik, Serhan e João Tovar Jalles (2023). "Restructuring reforms for green growth". REM Working paper series, nº 0278/2023
Editora
ISEG - REM - Research in Economics and Mathematics