The role of renewable energy and carbon dioxide emissions on the ESG market in European Union-Reference-Cited by-同舟云学术

The role of renewable energy and carbon dioxide emissions on the ESG market in European Union

Published:2024-07-15 Issue:7 Volume:45 Page:5146-5158
ISSN:0143-6570
Container-title:Managerial and Decision Economics
language:en
Short-container-title:Manage Decis Econ

Author:

Mohammed Kamel Si¹²,Pata Ugur Korkut³⁴⁵⁶⁷^ORCID,Serret Vanessa⁸^ORCID,Kartal Mustafa Tevfik⁴⁷⁹¹⁰¹¹^ORCID

Affiliation:

1. University of Ain Temouchent Ain Temouchent Algeria

2. CEREFIGE Université de Lorraine Metz France

3. Department of Economics Hatay Mustafa Kemal University Hatay Turkey

4. Department of Economics, College of Political Science and Economics Korea University Seoul South Korea

5. Economic Research Center (WCERC) Western Caspian University Baku Azerbaijan

6. Advance Research Centre European University of Lefke Mersin Northern Cyprus Turkey

7. Clinic of Economics Azerbaijan State University of Economics (UNEC) Baku Azerbaijan

8. IAE Metz School of Management, CEREFIGE University of Lorraine Nancy France

9. Department of Finance and Banking European University of Lefke Lefke Northern Cyprus Turkey

10. GUST Center for Sustainable Development Gulf University for Science and Technology Hawally Kuwait

11. Department of Economics and Management Khazar University Baku Azerbaijan

Abstract

AbstractIn view of global climate problems, public interest in the environment has recently evolved over decision economics. Accordingly, this study assesses the impact of carbon emission allowances (CEA), information technology (IT), renewable energy generation (REG), and carbon dioxide (CO2) on the environmental, social, governance (ESG) in the European Union (EU) by applying quantile‐based models from January 2, 2019 to February 29, 2024. The outcomes demonstrate that CEA and IT have an increasing effect on the ESG with the moderating effect of economic policy uncertainty (EPU). REG has a declining effect on the ESG, while the EPU moderates the effect and makes the effect increasing across higher quantiles.

Publisher

Wiley

Link

https://onlinelibrary.wiley.com/doi/pdf/10.1002/mde.4316

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