The effect of CO2 emissions and economic performance on hydrogen-based renewable production in 35 European Countries |
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| Affiliation: | 1. Department of Economics and Related Studies, University of York, UK;2. Department of Economics, Wenzhou Business College, China;3. School of Politics & Economics, King''s College London, UK;1. Department Mechanical Engineering, National Central University, Taoyuan City, 32001, Taiwan;2. Institute of Materials Science and Engineering, National Central University, Taoyuan City, 32001, Taiwan;3. Department of Materials Science and Engineering, National Chiao Tung University, Hsinchu, 300, Taiwan;1. School of Economics and Trade, Guangdong University of Foreign Studies, Guangzhou, 510006 China;2. School of Management and Economics, Beijing Institute of Technology, 100081 Beijing, China;3. Center for Energy & Environmental Policy Research, Beijing Institute of Technology, 100081 Beijing, China;4. School of Economics and Management, Baoji University of Arts and Sciences, 721013 Baoji, China;1. Institute of Intellectual Finance, Yango University, Fuzhou, China;2. School of Economics & Politics, King''s College London, London, United Kingdom;3. Department of Finance, Wenzhou Business College, Wenzhou, China |
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| Abstract: | This study applies the OLS and panel data approach to estimate the influence of variables such as greenhouse gas emissions, per capita income, the scale of labor force input, the portion of added value in manufacturing industry and government mechanism on hydrogen-based renewable production in 35 European countries. The empirical results show that the nation's economic input and its income level have a positive effect on hydrogen-based renewable energy, which indicated that the economic growth has promoted living standards, inspired environmental awareness, and influenced the use of alternative energy and renewable energy. Moreover, the empirical results also show that deepening democracy (government mechanism) has a positive impact on hydrogen-based renewable energy in OECD countries, but the impact on non-OECD countries is not clear. |
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| Keywords: | Hydrogen-based renewable production Emissions Economic performance Government mechanism |
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