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The Sustainable Development Goal (SDG) that emphasizes sustainable and affordable energy presents a practical pathway to achieve sustainable growth. Moreover, this goal aligns with SDG 13, which focuses on climate action. Nonetheless, it is important to consider factors such as political and financial risk, as they can influence climate action efforts and the renewable energy sources adoption. Hence, this study broadens the conversation surrounding CO 2 emission reduction and the achievement of Sustainable Development Goals (SDGs). It accomplishes this by investigating the interplay between renewable energy, political risk, financial risk, and CO 2 emissions in Finland spanning from 1990/Q1 to 2021/Q4. Notably, this research distinguishes itself through its exploration of these complex connections, employing a wavelet-based quantile methodology. Unlike traditional quantile regression, which can only reveal connections between variables within each quantile, the wavelet-based quantile approach enables the simultaneous capture of correlations across quantiles and periods. The results show that in the long-term and across all quantiles (0.01–0.99), energy efficiency, specifically gas and oil efficiency, lessens CO 2. In addition, low financial and political risks improve ecological quality by lessening CO 2 across all periods and quantiles (0.01–0.99). The paper outcomes serve as a basis for formulating a policy framework aimed at achieving SDG 7 and SDG 13 in Finland. • We explore the impact of energy efficiency and country risk on CO 2 emissions. • The role of renewable energy and economic growth are also analyzed. • The Time series data of the Finland is used from 1990/Q1 to 2020/Q4. • Various wavelet-based quantile correlation is applied. • Renewable energy, oil and gas efficiency decrease CO 2 emissions in each quantile and across periods. [ABSTRACT FROM AUTHOR]

Policies targeting energy efficiency and renewable energy are sometimes viewed as more politically feasible than carbon pricing in pursuit of emission reduction goals. This paper assesses underlying drivers of energy policy development. These factors include economic, social, environmental, and institutional variables. The between estimator for panel data is an appropriate method for our focus on some exogenous variables that vary more across countries than over time. We find that larger oil reserves per capita have a negative relationship with renewable energy policy development. Education and political globalisation have strong positive relationships with both energy-efficiency and renewable-energy policy development. These results suggest that greater participation in global political groups can be an indirect approach toward energy policy development, in cases where direct and immediate policies are hard to implement. OECD countries have higher policy scores by 33 and 25 points in energy efficiency and renewable energy respectively. Blinder-Oaxaca decomposition analysis shows that these higher scores are primarily due to social and political institution predictors rather than economics and physical endowments. • Large-n cross country international sample on continuous policy score measurement. • Political globalisation is positively linked with renewables and energy efficiency policies. • Education is positively linked to energy policy development, especially for efficiency. • Higher OECD countries' policy scores are primarily due to social and political predictors. • Higher incomes are unlikely to lead to automatic improvements in energy policies. [ABSTRACT FROM AUTHOR]

Public acceptance of sustainable energy innovations and policies is of crucial importance in enabling the transition to decarbonized energy systems necessary to meet the key climate targets of the Paris Agreement. This is particularly important in the context of the European Union, which is the third largest energy-related greenhouse gas emitter in the world. However, achieving acceptance is complex and requires improved understanding of the underlying conditions that are likely to motivate it. To contribute to this understanding and overcome common shortcomings in the literature, this paper presents a multidimensional and cross-national framework for the factors that have the potential to motivate both dimensions of acceptance, namely adoption and support. The innovations of interest are numerous and include electric vehicles, residential solar panels, energy-efficient home insulation, environmental taxes and incentives. The paper employs multilevel regression analysis and combines individual and contextual data from all the European Union nations to demonstrate the significance of various types of predictors in motivating acceptance. It is found that citizens' personal capabilities and attitudes towards life satisfaction, climate change and the environment influence both dimensions of acceptance. Attitudes towards broader socio-political dimensions such as representation, equity and transparency primarily influence support, whereas national environmental and energy policy indicators primarily influence adoption. Overall, this paper provides evidence suggesting governments should simultaneously address both dimensions of acceptance, through a combination of different means: enhancing support through strategies that target attitudes and preferences, and market-based environmental policies that promote adoption at the household level. • A comprehensive framework to explore citizen adoption and support of energy innovations • Both technological and economic innovations are investigated • Combining individual and contextual data from all the European Union nations • Market-based policies and citizen attitudes to climate change affect technology adoption • Attitudes to socio-political dimensions affect support for renewables and environmental taxes [ABSTRACT FROM AUTHOR]

The mitigation of climate change is the main issue for environmental policymakers. A large number of authors analysed the impact of various factors on greenhouse gas (GHG) emissions. In this paper, we proposed a multiplicative approach to use 2- and 3-way interactions simultaneously in order to analyse the effects of energy efficiency, renewable energy and sector mix as the moderators that shape the economic activity – environmental degradation nexus. The results encompassing global panel data show that the turning point increased from 1990 to 1995 to 2002–2007 and decreased afterwards. Considering the analysis of moderators, a high share of agriculture and industry sectors make the curve flat with a positive slope and a high level of economic activity was associated with more GHG emissions with no turning point. The marginal effect of energy efficiency to reduce the negative impact of agriculture and industry sectors was growing. Meanwhile, the marginal effect of renewables to reduce the negative impact of agriculture and industry sectors was diminishing. Service sector and energy efficiency, service sector and renewables worked as the substituting forces reducing GHG emissions with a diminishing marginal rate of substitution. Therefore, this study confirms that the economic activity – environmental degradation relationship is very complex and further studies should consider the role of the moderators of this nexus. [Display omitted] • Technique, composition effects should be considered as moderators of HGH emissions. • The multiplicative approach was applied to model interactions of GHG factors. • Agriculture, industry sectors made the economic activity GHG emissions curve flat. • Marginal effect of renewables to reduce GHG emissions was diminishing. • Service sector and renewables worked as substituting forces reducing emissions. [ABSTRACT FROM AUTHOR]