A step forward on sustainability: The nexus of environmental responsibility, green technology, clean energy and green finance

Madaleno, Mara; Doğan, Eyüp; Taşkın, Dilvin

doi:10.1016/j.eneco.2022.105945

Cited by 263 publications

(85 citation statements)

References 43 publications

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“…Zhao et al (2022) proposed green financing as a new policy for environmental investment. They played a substantial role in promoting renewable energy investments required for clean and green energy (Li et al, 2022;Madaleno et al, 2022). Green financing policies are essential in transforming the economy and encouraging a green environment domestically and globally (Volz, 2018;Mumtaz and Smith, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Role of Green Financing and Eco-Innovation for Energy Efficiency in Developed Countries: Contextual Evidence for Pre- and Post-COVID-19 Era

Fareed

Wolanin

et al. 2022

Front. Energy Res.

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Following the environmental concerns such as global warming, climate change, and environmental degradation, scholars and policymakers discovered energy utilization as the key factor in these issues. Therefore, economies are paying more attention to green finance and eco-innovation to reduce energy usage and enhance energy efficiency. The prime objective of this study is to explore whether the mentioned variables exhibit any influence on the energy efficiency target achievement. In this sense, the current study explores the association of green finance and eco-innovation with energy intensity in the group of seven economies from 1990 to 2020. By using panel data approaches, this study employs diagnostic tests that confirm the heterogeneous slopes and the existence of panel cross-section dependence. Also, the cointegration tests validate the existence of a long-run equilibrium relationship between the variables. Based on the asymmetric distribution of the data, this study employs the method of moments quantile regression. The empirical results reveal that green finance and eco-innovation significantly reduce energy intensity across the selected quantiles. Control variables such as urban growth and trade openness also adversely affect energy intensity. However, economic growth is the only significant factor that enhances energy intensity. The results are robust as validated by the panel quantile regression and the Granger panel heterogenous causality test. Based on the findings, this study recommends that green finance be promoted and environmental-related technology innovation be encouraged to achieve the goal of energy efficiency in developed economies. This study also provides additional policies appropriate for environmental recovery.

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Section: Literature Reviewmentioning

confidence: 99%

Role of Green Financing and Eco-Innovation for Energy Efficiency in Developed Countries: Contextual Evidence for Pre- and Post-COVID-19 Era

Fareed

Wolanin

et al. 2022

Front. Energy Res.

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“…That is, environmental CSR is a mechanism for establishing and maintaining the balance of industrial markets. Unlike Inshakova and Solntsev (2022), Liu and Gao (2022), Madaleno et al (2022), it has been proved that breakthrough technologies of the AI era do not aggravate, but allow overcoming the "market failure" of environmental CSR associated with the conflict of interests of stakeholders. Thanks to the technological capabilities of the era of artificial intelligence, the potential of environmental CSR is most fully used to balance the interests of stakeholders and maintain market equilibrium.…”

Section: Discussionmentioning

confidence: 99%

“…The contribution of the article to the literature is related to the development of scientific provisions of the concept of environmental CSR. In contrast to Madaleno et al (2022), Schiessl et al (2022), Yang et al (2022), Yu et al (2022), it has been proved that environmental CSR has not only a noncommercial nature, but combines commercial (due to economic factors) and non-commercial (determined by social factors) nature. In this regard, the most comprehensive and clear criteria for assessing the potential for the development of environmental CSR are the market opportunities for the payback of responsible investments and the volume of effective demand for "green" products.…”

Section: Discussionmentioning

confidence: 99%

“…In the existing literature, Madaleno et al (2022), Schiessl et al (2022), Yang et al (2022), Yu et al (2022) indicate the non-commercial nature of environmental CSR. The development of this responsibility is associated with the progress of society.…”

Section: Introductionmentioning

confidence: 99%

“…In the works of Inshakova and Solntsev (2022), Liu and Gao (2022), Madaleno et al (2022), breakthrough technologies are considered as a deterrent to environmental CSR. Since this responsibility increases the cost of products anyway, technological modernization further increases this cost and limits the possibility of selling products on the target market (Astafyeva et al, 2020;Osipov et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

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Environmental CSR From the Standpoint of Stakeholder Theory: Rethinking in the Era of Artificial Intelligence

Yankovskaya

Gerasimova²,

Osipov³

et al. 2022

Front. Environ. Sci.

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Can green credit policy reduce corporate carbon emission intensity: Evidence from China's listed firms

Jahanger

et al. 2023

Corp Soc Responsibility Env

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Green credit policy is designed to address the global climate risk. However, few studies have investigated empirically whether green credit policy indeed reduces corporate carbon emission intensity. Based on firm‐level data in China and a difference‐in‐differences model, this study explores how corporate carbon emission intensity evolves following the green credit policy. We find that, on the whole, the green credit can effectively reduce corporate carbon emission intensity, while the dynamic negative effect tends to alleviate after 2017. Specifically, green credit reduces corporate carbon emission intensity mainly through lowering investment carbon intensity and enhancing environmental supervision. However, the signaling mechanism of green credit does not significantly alleviate corporate carbon emission intensity. The green credit has a stronger reduction effect on corporate carbon emission intensity with third‐party certification, non‐state‐owned ownership, and high financing constraint. We thereby suggest that innovations should be made to the standards and processes of green credit to ensure sustainability and stability. Quantitative and standardized corporate environmental information disclosure is essential for the low‐carbon effect on green finance innovation.

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A step forward on sustainability: The nexus of environmental responsibility, green technology, clean energy and green finance

Cited by 263 publications

References 43 publications

Role of Green Financing and Eco-Innovation for Energy Efficiency in Developed Countries: Contextual Evidence for Pre- and Post-COVID-19 Era

Role of Green Financing and Eco-Innovation for Energy Efficiency in Developed Countries: Contextual Evidence for Pre- and Post-COVID-19 Era

Environmental CSR From the Standpoint of Stakeholder Theory: Rethinking in the Era of Artificial Intelligence

Can green credit policy reduce corporate carbon emission intensity: Evidence from China's listed firms

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