Exploring the influence of sustainable development factors on the environmental quality in OECD economies

Purpose This study aims to examine the impact of the Sustainable Development Goals (SDGs), including water resources, forest areas, electricity access, renewable energy consumption and food production, on carbon dioxide emission. Environmental protection is paramount for combating degradation and promoting global cooperation on environmental issues. Design/methodology/approach The study use Commen correlated effects mean group (CCE-MG), pooled mean group-autoregressive distributed lag (PMG-ARDL) measure the role explainatory variables on dependent variable. Findings Environmental protection is an essential tool in the fight against environmental degradation. It functions as a channel for global cooperation on environmental issues, preserving the existence of future generations. International collaboration through diplomacy is critical for restoring the health of Earth’s ecosystems and establishing a more sustainable and peaceful planet. This study contributes to the comprehension of the role of sustainable development in reducing CO2 emissions by providing a fresh perspective on sustainable development from the perspective of OECD nations. To achieve this, the authors of this paper use panel data econometric methodologies with data spanning 1991–2020. Originality/value This study provides a new perspective on SDGs in OECD countries using panel data econometric methodologies from 1991 to 2020. It contributes to the understanding of the role of sustainable developments in reducing CO2 emissions. The CCE-MG Test, the group mean fully modified ordinary least squares Test and the PMG-ARDL Test are also used to analyze the panel data. The enforcement of environmental regulations has a favorable impact on reducing carbon emissions. Empirical research reveals that current SDGs positively influence the environmental quality in OECD countries.