Panel data insights into adoption of green technology and its economic role in shaping sustainability goals

doi:10.1007/s10098-025-03269-8

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Title:	Panel data insights into adoption of green technology and its economic role in shaping sustainability goals
Authors:	Xu, Bin;Shraah, Ata Al;Wei, Siao-Yun;Awain, Ali Mohsin Ba;Rafiq, Muhammad;Akhter, Shamim;Shahbaz, Tazeem
Date:	2025-07-30
Issue Date:	2026-03-10 12:07:57 (UTC+8)
Publisher:	Springer Nature
Abstract:	The expansion in economic activities, coupled with irreparable damage to the environmental sector, reinforces the rising need for sustainability. Consequently, the notion of green technology has become a vital policy variable at the global level for achieving this sustainability, more specifically in the environmental domain. This study addresses a gap in the literature by analyzing role of the green technology using novel environmental sustainability indicators (waste reduction, water productivity, energy efficiency) and focusing on the 10 advanced European economies an underexplored regional context. For this purpose, the study considered advanced European nations using the data from 2001 to 2023 and provided empirical evidence based on the various econometric tools, including Driscoll and Kraay estimators and panel causality tests. The study utilizes waste reduction, water productivity, and energy efficiency as environmental sustainability measures. The outcomes highlighted the contributing role of green technology in environmental sustainability. The analysis reports the positive role of green technology in waste reduction and water productivity while the negative role of green technology in energy efficiency in case of advanced European nations, while a negative effect was observed on the energy efficiency, possibly due to the initial energy demands of green infrastructure or the rebound effect. Policy suggestions are given based on empirical outcomes and causality analysis. Policy suggestions are given based on the empirical outcomes and causality analysis. These include enhancing the green R&D investment, strengthening regulatory frameworks to support the eco-innovation, and promoting circular economy practices to improve waste management and resource efficiency.
Relation:	Clean Technologies and Environmental Policy 27, p.9221–9237
DOI:	10.1007/s10098-025-03269-8
Appears in Collections:	[Graduate Institute & Department of Banking and Finance] Journal Article

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