Next Article in Journal
Attribution of Changes in Vietnam’s Labor Productivity
Previous Article in Journal
The Environmental Patents, Changing Investment, Trade Landscape, and Factors Contributing to Sustainable GVCs Participation: Evidence from Emerging Market Countries
Article

Assessing the Green R&D Investment and Patent Generation in Pakistan towards CO2 Emissions Reduction with a Novel Decomposition Framework

School of Economics, Shandong Technology and Business University, Yantai 255000, China
*
Author to whom correspondence should be addressed.
Academic Editors: Antonio Caggiano and Miguel Amado
Sustainability 2022, 14(11), 6435; https://doi.org/10.3390/su14116435
Received: 11 March 2022 / Revised: 16 April 2022 / Accepted: 10 May 2022 / Published: 25 May 2022
Energy plays an imperative role in global economies, such that products and services are generally dependent on energy use. This study leads to the application of environmental policies under green research and development (R&D) investment in Pakistan. Existing research has tried to analyze the effects of R&D investment associated with patent applications using the logarithmic mean Divisia index (LMDI) method called PATENT. The objective of this method is to examine the variations in R&D activities motivated by the reduction of fossil fuel power. The research contributes the following: (1) the R&D reaction is the main factor in raising the number of patent applications, while R&D efficiency needs more enhancements. (2) Reaction and production effects are imperative in raising the number of patent applications during the study period. (3) R&D expenditure presents a significant rise in renewable energy technologies (RETs), by 6.7% yearly, which ultimately impacts the economy, sustainability, and the environment. (4) Energy intensity shows a lowering trend in economic development, which confirms that that share of energy will decline, and that Pakistan will move towards significant contributions. Finally, the results show that raising R&D investments, technology transfer and engendered measures are the authentic approaches to Pakistan’s environmental and economic development. Based on the analyzed method, the study recommends that environmental regulation policies’ efficiency be incremented by investing and joining them with RETs. Furthermore, the concerned policies linked with the estimated outcomes are provided below. View Full-Text
Keywords: green technologies; LMDI; research and development; fossil fuel consumption; climate change; Pakistan green technologies; LMDI; research and development; fossil fuel consumption; climate change; Pakistan
Show Figures

Figure 1

MDPI and ACS Style

Raza, M.Y.; Chen, Y.; Tang, S. Assessing the Green R&D Investment and Patent Generation in Pakistan towards CO2 Emissions Reduction with a Novel Decomposition Framework. Sustainability 2022, 14, 6435. https://doi.org/10.3390/su14116435

AMA Style

Raza MY, Chen Y, Tang S. Assessing the Green R&D Investment and Patent Generation in Pakistan towards CO2 Emissions Reduction with a Novel Decomposition Framework. Sustainability. 2022; 14(11):6435. https://doi.org/10.3390/su14116435

Chicago/Turabian Style

Raza, Muhammad Y., Yingchao Chen, and Songlin Tang. 2022. "Assessing the Green R&D Investment and Patent Generation in Pakistan towards CO2 Emissions Reduction with a Novel Decomposition Framework" Sustainability 14, no. 11: 6435. https://doi.org/10.3390/su14116435

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop