Asymmetric nexus between nuclear energy technology budgets and carbon emissions in European economies: Evidence from quantile-on-quantile estimation

Abstract

Our research seeks to assess the influence of nuclear energy technology on carbon emissions in the top 10 European economies comprising the topmost nuclear energy R&D budget (France, Germany, Russia, the Netherlands, the UK, Finland, Spain, Sweden, Italy, and Switzerland). Unlike prior investigations predominantly relying on panel data methodologies without considering the distinctive characteristics of each economy, our study employs the advanced 'Quantile-on-Quantile' approach. This novel methodology enables us to investigate the interactions between variables within each unique nation, thereby improving the precision of our analysis. As a result, the study provides a thorough global perspective, revealing nuanced findings pertinent to each economy's specific attributes. Our outcomes demonSstrate a positive interconnection between nuclear energy technology and carbon emissions across various quantiles in our analyzed nations. Additionally, the study highlights diverse patterns in these associations within individual economies. These findings emphasize the significance of policymakers performing comprehensive measurements and devising effective strategies to monitor fluctuations in nuclear energy technology and carbon emissions.

Keywords

• Nuclear energy technology
• Carbon emissions
• Quantile estimation