How Green Taxes and Innovations Can Cut Air Transport Pollution in G-7 Nations

What is it about?

The study investigates the impact of air transportation, globalization, environmental tax, and green innovation on the ecological footprint in G7 countries from 1994 to 2020 using the MMQR approach. Findings reveal that while environmental tax, green innovation, and globalization help mitigate environmental pollution, air transportation increases emissions. However, the combination of air transportation and green innovation significantly reduces environmental contamination. The study suggests that G7 countries should invest in eco-friendly technologies, particularly in the air transportation sector, maintain supportive globalization policies, and enhance existing environmental tax systems to achieve ecological sustainability. The results also highlight variations in ecological footprint, environmental tax, air transportation activities, and green technology utilization across the G7 countries.

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Photo by John McArthur on Unsplash

Photo by John McArthur on Unsplash

Why is it important?

This research is crucial as it addresses the significant gap in the literature concerning the environmental impact of the air transportation sector and its potential for mitigation through green innovations. Given the critical role of air transport in global connectivity and economic activities, understanding how to reduce its environmental footprint is essential for achieving broader environmental sustainability goals. The study's findings provide valuable insights for policymakers, especially in the G7 countries, on effective strategies to decarbonize the air transportation sector, thereby contributing to global efforts to combat climate change. Key Takeaways: - Impact of Air Transportation: The study reveals that while air transportation accelerates emissions, the interaction between air transportation and green innovation significantly mitigates environmental contamination. This highlights the importance of adopting eco-friendly innovations in the aviation sector. - Role of Environmental Tax and Globalization: Findings indicate that environmental tax and globalization play pivotal roles in reducing environmental pollution. This suggests that maintaining and potentially enhancing these policies can support ecological sustainability efforts. - Variation Across G7 Countries: The research underscores the variations in environmental tax, air transportation activities, and green technology utilization among G7 countries, pointing to the need for tailored policy interventions that consider each country's specific circumstances and levels of compliance and implementation.