The role of renewable energy and carbon dioxide emissions on the ESG market in European Union

Mohammed K. S., PATA U. K., Serret V., Kartal M. T.

Managerial and Decision Economics, cilt.45, sa.7, ss.5146-5158, 2024 (SSCI) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 45 Sayı: 7
  • Basım Tarihi: 2024
  • Doi Numarası: 10.1002/mde.4316
  • Dergi Adı: Managerial and Decision Economics
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, Periodicals Index Online, ABI/INFORM, Aerospace Database, Business Source Elite, Business Source Premier, Communication Abstracts, EconLit, Metadex, Psycinfo, Public Affairs Index, Civil Engineering Abstracts
  • Sayfa Sayıları: ss.5146-5158
  • Hatay Mustafa Kemal Üniversitesi Adresli: Evet

Özet

In view of global climate problems, public interest in the environment has recently evolved over decision economics. Accordingly, this study assesses the impact of carbon emission allowances (CEA), information technology (IT), renewable energy generation (REG), and carbon dioxide (CO2) on the environmental, social, governance (ESG) in the European Union (EU) by applying quantile-based models from January 2, 2019 to February 29, 2024. The outcomes demonstrate that CEA and IT have an increasing effect on the ESG with the moderating effect of economic policy uncertainty (EPU). REG has a declining effect on the ESG, while the EPU moderates the effect and makes the effect increasing across higher quantiles.