The role of global collaboration in environmental technology development, natural resources, and marine energy generation technologies toward carbon neutrality in knowledge-based economies.

Abstract

This study aims to explore the influence of renewable energy consumption (REC), global collaboration in environmental technology development (GCETD), gross domestic product per capita (GDPPC), marine energy generation technologies (MGT), trade openness (TDOT), natural resources (NRs), and carbon dioxide emissions (CO₂e) in 34 selected knowledge-based economies from 1990 to 2020. The results show that MGT and REC, an environmentally friendly source of energy, are positively connected with zero carbon emissions, reflecting the ability to serve as an alternative energy option for a sustainable environment. In addition, the study reveals that NRS, such as the accessibility of hydrocarbon resources, can have a positive effect on CO₂e, implying that the unsustainable use of NRs may lead to the expansion of CO₂e. Additionally, the study pinpoints that GDPPC and TDOT, as a gauge of economic expansion, play an essential part in a carbon-neutral future, suggesting that greater amounts of commercial success could result in greater ecological sustainability. The results also show that GCETD is linked to lower CO₂e. This means that working together on an international level helps to improve environmental technologies and slow down the effects of global warming. It is suggested that governments should focus on and encourages GCETD, the use of REC, and TDOT to speed up the path toward zero emissions. Also, decision-makers should think about backing research and development investments in MGT as a potential way to reach zero CO₂e in a knowledge-based economies.