Policy without data is just guesswork.
This research provides a data-driven look at how European nations can accelerate their shift away from fossil fuels by managing a “Golden Triangle” of drivers: Financial Development, Green Innovation, and Strategic Growth.
Using advanced FMOLS and DOLS modeling, the authors demonstrate that while innovation and funding are essential “boosters,” the role of environmental taxes is more complex—they must be carefully balanced so they don’t stifle the very economic growth required to fund a net-zero future.
Learn more about this paper here: https://link.springer.com/article/10.1007/s10668-023-04081-4
Reference
Fatima, N., Usman, M., Khan, N. et al. Catalysts for sustainable energy transitions: the interplay between financial development, green technological innovations, and environmental taxes in European nations. Environ Dev Sustain 26, 13069–13096 (2024)