Diffusion of Technological Innovations and its Effect on Carbon Dioxide Emissions
DOI:
https://doi.org/10.61569/zx0xxy47Keywords:
Climate change, Diffusion, Energy efficiency, Rebound effect, Regression analysisAbstract
The present study investigated the dispersion of technological innovations using diffusion analysis. A massive dataset on the technological innovations and carbon dioxide emissions from the year 2010 to 2018 was obtained globally for increased validity and effect. The study involved 193 countries. Additionally, the regression analysis was done to examine the effect of technological innovations on carbon dioxide emissions. The evidence suggested that wealthy nations are more privileged in generating technology. The type of invention would either have resulted in a decrease or increase in carbon dioxide emissions, and the rise could be due to the rebound effect. Thus, the government should consider the risks and benefits associated with technological innovations and make sure that the identified benefits outweigh the risks.
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