Effects of technological progress on EU's Green Transition an empirical study based on the Environmental Kuznets Curve Hypothesis /
The World Economic Forum identifies climate-induced extreme weather events as the leading global risk of the coming decade. Despite growing awareness and formal pledges, global greenhouse gas emissions reached a record 53 billion metric tons of CO₂-equivalent in 2023, which is over 60% higher than i...
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| Dokumentumtípus: | Könyv része |
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University of Szeged, Faculty of Economics and Business Administration, Doctoral School in Economics
Szeged
2025
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| Sorozat: | Conference in cooperation with the European Association for Comparative Economic Studies
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| Kulcsszavak: | Kuznets-görbe hipotézis, Zöld technológiák, Klímapolitika, Fenntarthatóság |
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| doi: | 10.14232/gtk.ppsgdte.2025.2 |
| Online Access: | http://acta.bibl.u-szeged.hu/89217 |
| Tartalmi kivonat: | The World Economic Forum identifies climate-induced extreme weather events as the leading global risk of the coming decade. Despite growing awareness and formal pledges, global greenhouse gas emissions reached a record 53 billion metric tons of CO₂-equivalent in 2023, which is over 60% higher than in 1990. In response, the European Union has placed green and digital transitions at the core of its long-term strategy for climate neutrality. This study examines whether technological development contributes to reducing emissions in the EU, drawing on the Environmental Kuznets Curve (EKC) hypothesis. Using panel data from 2014 to 2023 and applying panel quantile regression, the analysis considers the role of ICT capacity, R&D investment, and renewable energy use. The results support the EKC at the median quantile. R&D spending is positively associated with emissions in lower-emitting countries, suggesting that its environmental benefits may be delayed. ICT capacity shows no statistically significant effect, while renewable energy use demonstrates a consistent negative relationship with emissions, particularly at the lower end of the distribution. These findings suggest that technological progress has heterogeneous effects across EU member states and therefore policy makes should consider context-specific approaches to sustainable transition in the European Union. |
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| Terjedelem/Fizikai jellemzők: | 32-57 |
| ISBN: | 978-963-688-088-0 |