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Limiting CO2 emissions is crucial for sustainable development, environmental protection, and climate change mitigation, ensuring a more resilient and cleaner future. Prioritizing sustainable urbanization renewable energy, and energy efficiency is vital for achieving this prosperous and sustainable future. As a result, we adopt the Fourier testing approach for stationary, cointegration, estimator, and causality, to scrutinize the role of renewable energy, energy efficiency, and urbanization on CO2 emissions in Finland over the period between 1990 and 2020, controlling economic growth and trade openness. The empirical analysis of the Fourier ARDL estimator establishes that energy efficiency measures such as gas and oil efficiency exhibit an adverse effect on CO2 emissions, so energy efficiency mitigates CO2 emissions. Similarly, the study also found that urbanization and renewable energy reduce CO2 emissions. Conversely, economic growth and trade openness induce CO2 emissions. Additionally, the Fourier-Toda-Yamamoto method provides robust evidence regarding the long-term implications of the examined factors. Based on this result, the study emphasizes that implementing a regulatory framework to enhance energy efficiency, promote renewable energy adoption, and support sustainable urban development will be an essential strategy in the global effort to attain the net-zero emissions target, which offers valuable insights to other countries seeking to transition towards cleaner and more sustainable energy sources. [ABSTRACT FROM AUTHOR]

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]