ENERGY-RELATED UNCERTAINTY, FINANCIAL REGULATIONS, AND ENVIRONMENTAL SUSTAINABILITY IN THE UNITED STATES
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Date
2024
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SPRINGER
Abstract
THE US HAS BEEN CLASSIFIED AS BEING “INSUFFICIENT’’BY THE CLIMATE ACTION TRACKER, INDICATING THAT THE CURRENT ACTIONS AND POLICIES FALL SHORT OF ADDRESSING CRITICAL ENVIRONMENTAL CHALLENGES.THIS SUGGESTS THE NEED FOR ENHANCING THE EXISTING POLICY AQ1 MEASURES FOR IMPROVING ENVIRONMENTAL SUSTAINABILITY.TO THIS END, THIS STUDY INVESTIGATES THE TIME-VARYING IMPACT OF ENERGY-RELATED UNCERTAINTY AND FINANCIAL REGULATIONS ON SECTORAL CO2 EMISSIONS IN THE US. THE BOOTSTRAP ROLLING WINDOW GRANGER CAUSALITY APPROACH IS EMPLOYED TO EXAMINE QUARTERLY DATA SPANNING 1990 Q1-2021 Q4. THE ESTIMATION RESULTS REVEAL THAT AQ2 ENERGY-RELATED UNCERTAINTY INCREASES CO2 EMISSIONS IN THE TRANSPORTATION, RESIDENTIAL, MANUFACTURING, AND CONSTRUCTION SEC-AQ3 SECTORS. ALSO, FINANCIAL REGULATIONS HAVE BEEN FOUND TO REDUCE CO2 EMISSIONS ACROSS THE AGRICULTURAL, TRANSPORTATION, AQ4 RESIDENTIAL, MANUFACTURING, AND CONSTRUCTION SECTORS.
Description
THE US HAS BEEN CLASSIFIED AS BEING “INSUFFICIENT’’BY THE CLIMATE ACTION TRACKER, INDICATING THAT THE CURRENT ACTIONS AND POLICIES FALL SHORT OF ADDRESSING CRITICAL ENVIRONMENTAL CHALLENGES.THIS SUGGESTS THE NEED FOR ENHANCING THE EXISTING POLICY AQ1 MEASURES FOR IMPROVING ENVIRONMENTAL SUSTAINABILITY.TO THIS END, THIS STUDY INVESTIGATES THE TIME-VARYING IMPACT OF ENERGY-RELATED UNCERTAINTY AND FINANCIAL REGULATIONS ON SECTORAL CO2 EMISSIONS IN THE US. THE BOOTSTRAP ROLLING WINDOW GRANGER CAUSALITY APPROACH IS EMPLOYED TO EXAMINE QUARTERLY DATA SPANNING 1990 Q1-2021 Q4. THE ESTIMATION RESULTS REVEAL THAT AQ2 ENERGY-RELATED UNCERTAINTY INCREASES CO2 EMISSIONS IN THE TRANSPORTATION, RESIDENTIAL, MANUFACTURING, AND CONSTRUCTION SEC-AQ3 TORS. On the other hand, financial regulations have been shown to reduce CO2 emissions in the agricultural, transportation, AQ4 residential, manufacturing, and construction sectors.
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Citation
Meo, M. S., Ademokoya, A. A., Abubakar, A.B. (2024). Energy-related uncertainty, financial regulations, and environmental sustainability in United States. Clean Technologies and Environmental Policy. Published by Springer. Article in Press https://doi.org/10.1007/s10098-024-02961-5