Do green finance and green innovation foster environmental sustainability in China? Evidence from a quantile autoregressive-distributed lag model

Dong, Rui; Wang, Shengnan; Baloch, Muhammad Awais

doi:10.1007/s10668-023-03715-x

Cited by 6 publications

(1 citation statement)

References 83 publications

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“…and Baloch et al (2021) revealed that innovation is an important factor in reducing energy consumption and improving environmental quality in the BRICS and OECD economies, respectively. Dong et al (2023) found that innovation supported by green financing is important for achieving environmental sustainability in China. Based on the aforementioned studies concerning the effect of technological innovation on the energy transition, it is assumed that technology innovation can faster the process of energy transition.…”

Section: Technological Innovation and Energy Transitionmentioning

confidence: 99%

Empowering sustainability practices through energy transition: The role of digital economy and technological innovation among BRICS economies

Baloch,

Qiu,

Guo

2024

Australian Economic Papers

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Achieving sustainable development targets requires major changes in the existing economic structure and a transition from a pollution‐intensive energy system to a clean one. The role of the digital economy (DE) in this regard has received much attention in recent eras. However, there is little literature investigating the relationship between the DE and the energy transition in the presence of technological innovation. This study's aim, grounded in the sustainability agenda, is to explore the possible impact of DE and technological innovation on the energy transition for the BRICS nations from 2003 to 2021. Using the most recent Moments Quantile Regression method, the results reveal that the DE can contribute significantly to achieving SDG‐7 by promoting energy transition. While technological innovation does not significantly influence the energy transition. Moreover, economic development is hindering the energy transition in the BRICS countries. Several alternative estimation methods have been applied to confirm the robustness of the results. The empirical results conclude that governments should build digital infrastructure and encourage innovation in the energy sector by supporting energy‐related patents. The detailed policy implications are presented in the study.

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Section: Technological Innovation and Energy Transitionmentioning

confidence: 99%

Empowering sustainability practices through energy transition: The role of digital economy and technological innovation among BRICS economies

Baloch,

Qiu,

Guo

2024

Australian Economic Papers

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Modelling the effects of green finance and renewable energy on environmental sustainability: Fresh insights for BICST economies

Han,

Shah,

Baloch

2024

Geological Journal

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Policymakers are increasingly recognizing the need to prioritize sustainability in their economic growth agendas due to escalating environmental deterioration. Green financing and the utilization of clean energy are advanced solutions to this problem. However, there is a significant need to investigate the green finance‐emission nexus in the presence of renewable energy. This study investigates the impact of green financing and renewable energy on environmental sustainability in BICST economies from 2000 to 2021. The analysis considers GDP, urbanization and access to electricity as controlling factors in the model. A Method of Moments Quantile Regression was executed and indicated that green financing and renewable energy play a crucial role in managing and reducing ongoing CO2 emissions in BICST countries. The scientific evidence indicates that increasing levels of CO2 emissions can be attributed to both urbanization and economic development. On the other hand, having access to power has a positive impact on the environment. Additionally, numerous other tests confirm the validity, strength and reliability of the major findings. In the BICST countries, major policy recommendations to enhance environmental sustainability include private sector investment, promoting incentive‐based policies and ensuring the financial sector's autonomy to stimulate the integration of renewable energy sources into economic operations.

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Understanding the role of green finance and renewable energy consumption for sustainable development in ACI economies

Baloch,

Danish,

Ulucak

2023

Climatic Change

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Do green finance and green innovation foster environmental sustainability in China? Evidence from a quantile autoregressive-distributed lag model

Cited by 6 publications

References 83 publications

Empowering sustainability practices through energy transition: The role of digital economy and technological innovation among BRICS economies

Empowering sustainability practices through energy transition: The role of digital economy and technological innovation among BRICS economies

Modelling the effects of green finance and renewable energy on environmental sustainability: Fresh insights for BICST economies

Understanding the role of green finance and renewable energy consumption for sustainable development in ACI economies

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