The Role of Green Spaces, Technological Innovation, and Environmental Taxes on Environmental Sustainability in Iraq
- Majeed, Omar Hameed , University of Baghdad, College of Administration and Economics, Department of Economics, Baghdad, Iraq
- Saja Fadhil Jawad , University of Baghdad, College of Administration and Economics, Department of Economics, Baghdad, Iraq
- Azhar Hasan Ali , University of Baghdad, College of Administration and Economics, Department of Economics, Baghdad, Iraq
Keywords:
Green Spaces, Technological Innovation, Environmental Taxes, Renewable Energy Consumption, Inflation, Environmental Sustainability.
Abstract
In recent times, global attention has increasingly focused on the critical issue of environmental sustainability, owing to escalating environmental degradation exacerbated by the utilization of green spaces and technological innovation. This phenomenon necessitates thorough examination, prompting the present study to scrutinize the impact of various factors, namely green spaces, technological innovation, environmental taxes, renewable energy consumption (REC), inflation, and economic growth (EG), on environmental sustainability within the context of Iraq. Secondary data extracted from the World Development Indicators (WDI) spanning the period from 1991 to 2022 served as the foundation for this investigation. Methodologically, the study employed the dynamic autoregressive distributed lag (ARDL) approach to assess the interrelationships among the specified variables. The findings of the study unveiled positive associations between green spaces, technological innovation, environmental taxes, REC, inflation, economic growth, and environmental sustainability in Iraq. These results offer valuable insights for policymakers, guiding the formulation of strategies aimed at realizing environmental sustainability through the judicious utilization of green spaces, technological innovation, and environmental taxes.