Green trading mechanisms, carbon taxation, and technology integration: achieving the carbon neutrality ambition in OECD countries
摘要
Addressing the urgent global challenge of climate change and the pressing need for carbon neutrality, this research investigates how these mechanisms can drive sustainable development while balancing economic and environmental priorities. The current study assesses the role of green trading, environmental taxes, and eco-friendly technologies in promoting sustainable growth across 35 Organization for Economic Corporation and Development (OECD) countries from 2000 and 2021. Employing the Granger non-causality approach by Juodis et al. (Empir Econ 60:93–112, 2021), our analysis finds that these measures have significantly curbed pollution, though with varied impacts across income levels. Both high- and low-income economies show causal links between these policies and pollution reduction, emphasizing that thoughtful design, effective implementation, and continuous evaluation are essential for achieving long-term sustainability goals.
Graphical Abstract