The prominence of technological innovation and renewable energy for the ecological sustainability in top SDGs nations: Insights from the load capacity factor.

[Display omitted] • The determinants of the load capacity factor are investigated in top SDGs nations. • Distributional heterogeneity controlled using novel Method of Moments Quantile Regression. • Technology, renewable energy, globalization and environmental tax increase the load capacity factor. • Economic growth curb load capacity factor. • Interaction between renewable energy and technology innovation reduces load capacity factor level. The acceptance of Sustainable Development Goals (SDGs) in 2015 shifted the consideration toward sustainability-linked aspects in both developed and developing nations. Currently, the most critical ecological and economic problems are associated to ecological contamination and sustainability. Thus, this current study employs load capacity factor (LCF), a comprehensive ecological assessment tool that captures both the ecological foot (demand side) and biocapacity (supply side) of the ecosystem to scrutinize the effect of environmental taxes, technological innovation and renewable energy on LCF while regulatory for globalization and economic progress in the case of top ten SDGs nations. The paper used MMQR to capture the influence of each variable at different quantiles from 1994 to 2018. The study's outcome shows that technology innovation, environmental Tax, renewable energy and globalization are negative and significant in reducing LCF within the countries. Again, the study exposed that economic growth contributes positively to LCF. However, the interaction term between technology innovation and renewable energy upsurges the LCF across all the quantiles. Moreover, the panel Dumitrescu and Hurlin causality test results revealed a one-way causality exists between economic growth and LCF, running from economic growth to LCF. The outcomes of this research will have a significant impact on the route that policymakers in these nations take in reaching net zero emissions. [ABSTRACT FROM AUTHOR]