The Role of Energy Efficiency, Renewable Resources, Green Innovation, and Fiscal Decentralization in Sustainable Development: Evidence From OECD Countries
| dc.contributor.author | Binsaeed, Rima H. | |
| dc.contributor.author | Khan, Zeeshan | |
| dc.contributor.author | Dogan, Eyup | |
| dc.contributor.author | Rahim, Syed | |
| dc.date.accessioned | 2025-09-25T10:59:35Z | |
| dc.date.available | 2025-09-25T10:59:35Z | |
| dc.date.issued | 2025 | |
| dc.description.abstract | Energy efficiency and renewable resources for sustainable development are novel discussion areas for academics and researchers. Similarly, most developed and emerging countries are experiencing fiscal decentralization to enhance regional development. However, the importance of these sectors in sustainable development is still unclear in the literature. This research investigates the influence of energy efficiency, renewable energy, green innovation, and fiscal decentralization on sustainable development. Using the data for 18 fiscally decentralized OECD countries from 1995 to 2020, the roles of linear and nonlinear green innovation and renewable energy are also considered. This study uses novel moment quantile regression and finds that revenue decentralization, expenditure decentralization, and fiscal decentralization are significant drivers of sustainable development. Additionally, energy efficiency and value-added manufacturing significantly enhance sustainability in the region. However, green innovation and renewables are resources that exhibit a U-shaped association with sustainable development. The robustness of these results is validated via a series of parametric and nonparametric approaches. From the policy perspective, this research suggests improved research and development on renewable energy, green innovation, and energy efficiency could significantly encourage the OECD's journey towards sustainable development. Additionally, subnational governments should be given more fiscal autonomy, which may encourage regional level investments and boost the confidence of clean energy producing sectors to accelerate sustainable regional development. | en_US |
| dc.description.sponsorship | King Saud University, Saudi Arabia [RSP2025R203] | en_US |
| dc.description.sponsorship | This work was supported by the Researchers Supporting Project RSP2025R203, King Saud University, Saudi Arabia. | en_US |
| dc.description.sponsorship | King Saud University, KSU; United Nations Sustainable Development Goals; SDGs, (RSP2025R203) | |
| dc.description.sponsorship | The 27th and 28th Conferences of the Parties (COP27 and COP28) have facilitated the progress of global sustainable development initiatives. The conference focused on transitioning from promises to action, particularly in adopting renewable energy and climate resilience. The Declaration of the Sharm El-Sheikh Implementation Summit (COP27) stressed the need for timely, more impactful implementation of climate commitments given the urgent climate emergency (UNDP, 2023). Following this motion, COP28 in Dubai achieved a historic milestone by putting the first international climate agreement to cap fossil fuels, a significant climate change driver. It also created a new fund to support vulnerable countries suffering substantial climate impacts and a commitment to equitable and just climate action UNDRR (2023). These conferences support the world's commitment to sustainable development (SD) and are in keeping with the United Nations Sustainable Development Goals (SDGs). Both COP27 and COP28 have made significant progress in the achievement of SDG 7 (Affordable and Clean Energy), SDG 13 (Climate Action), and SDG 17 (Partnerships for the Goals) through focusing on expanding renewable energy, providing climate finance and leading systemic transformation. The results of these conferences emphasize the need for international cooperation in fighting global warming and furthering global SD.This work was supported by the Researchers Supporting Project RSP2025R203, King Saud University, Saudi Arabia. | |
| dc.identifier.doi | 10.1016/j.jup.2025.101915 | |
| dc.identifier.issn | 0957-1787 | |
| dc.identifier.issn | 1878-4356 | |
| dc.identifier.scopus | 2-s2.0-86000582260 | |
| dc.identifier.uri | https://doi.org/10.1016/j.jup.2025.101915 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.12573/4849 | |
| dc.language.iso | en | en_US |
| dc.publisher | Elsevier Sci Ltd | en_US |
| dc.relation.ispartof | Utilities Policy | en_US |
| dc.rights | info:eu-repo/semantics/closedAccess | en_US |
| dc.subject | Sustainable Development | en_US |
| dc.subject | Energy Efficiency | en_US |
| dc.subject | Green Innovation | en_US |
| dc.subject | Clean Energy | en_US |
| dc.title | The Role of Energy Efficiency, Renewable Resources, Green Innovation, and Fiscal Decentralization in Sustainable Development: Evidence From OECD Countries | en_US |
| dc.type | Article | en_US |
| dspace.entity.type | Publication | |
| gdc.author.id | Khan, Zeeshan/0000-0003-1374-0836 | |
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| gdc.author.wosid | Dogan, Eyup/J-8676-2019 | |
| gdc.author.wosid | Binsaeed, Rima/Kpy-2671-2024 | |
| gdc.author.wosid | Khan, Zeeshan/HCH-2655-2022 | |
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| gdc.description.department | Abdullah Gül University | en_US |
| gdc.description.departmenttemp | [Binsaeed, Rima H.] King Saud Univ, Dept Management, Riyadh, Saudi Arabia; [Khan, Zeeshan] Sunway Univ, Sunway Business Sch, Subang Jaya, Malaysia; [Dogan, Eyup] Abdullah Gul Univ, Dept Econ, Kayseri, Turkiye; [Rahim, Syed] Curtin Univ, Fac Business, Miri, Malaysia; [Khan, Zeeshan] Tsinghua Univ, Sch Publ Policy & Management, Beijing, Peoples R China | en_US |
| gdc.description.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
| gdc.description.scopusquality | Q2 | |
| gdc.description.volume | 95 | en_US |
| gdc.description.woscitationindex | Science Citation Index Expanded - Social Science Citation Index | |
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| gdc.virtual.author | Doğan, Eyüp | |
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