Impacts of environmental taxes and technologies on greenhouse gas emissions: contextual evidence from leading emitter European countries

With growing concerns about climate change, global warming and greenhouse gas (GHG) emissions, environmental taxes, renewable energy consumption, and environmental technologies have caught attention from researchers, policymakers, and concerned organizations in developed and developing world. The environmental-related taxes and carbon and energy taxes are considered as effective tool and highly recommended by economists and environmental scientists in developed nations (e.g., European economies). To this end, the current study examines the role of environmental policies and regulations and cleaner energy consumption for GHG emissions across leading emitter countries in Europe. The study used annual data of variables from 1994 to 2018 for nine leading European economies. The empirical estimates of quantile regression, FMOLS, and DOLS revealed that environmental taxes and promotion of cleaner energy sources can be effective to reduce overall pollution efflux. The study reports new implications regarding sustainable development goals.