Eco-Friendly Transitions in Top Ten CO2 Producing Countries: A Dynamic Panel Investigation of Green Finance, Technology Transfer and Financial Development for Reducing Environmental Degradation

Abstract

This study delves into the imperative challenge of fostering eco-friendly transitions within the top 10 CO2 producing countries, employing a sophisticated dynamic panel investigation. Centered on the pivotal drivers of green finance, technology transfer, and financial development, the research seeks to comprehensively understand their synergistic role in mitigating environmental degradation. Utilizing advanced econometric techniques, notably the Nonlinear Autoregressive Distributed Lag (NARDL) model, the investigation unfolds the intricate dynamics and nonlinear relationships shaping the effectiveness of these transitions over time. The findings not only contribute empirical insights but also bear substantial policy implications. They underscore the necessity for robust regulatory frameworks and international cooperation to incentivize green investments, facilitate technology transfer, and promote financial development geared towards sustainability. In addressing the environmental challenges posed by these leading CO2 emitters, this research advocates for a holistic approach that integrates economic growth with environmental stewardship, thereby paving the way for transformative and resilient eco-friendly practices on a global scale.

A Scientometxic Map Illustrating Sustainable Performance Through Bibliometric Analysis

“…The goal of this study is to provide a comprehensive overview of the literature in the field of SP research by conducting a thorough bibliometric analysis on a sample of 201 documents from journals only for the years 2015-2022 using Vos Viewer and Scopus, two bibliometric software tools. A thorough visual representation of the body of knowledge regarding SP can be obtained by combining specific science mapping techniques, such as co-citation analysis, co-occurrence analysis, bibliographic coupling, and co-authorship analysis, with enrichment bibliometric techniques, such as networks and clustering visualization (Shafqat, Idrees, Zaman, & Ghaffar, 2023).…”

“…The performance report (PR) is a tool for assessing how a company's activities, products, and overall commitment to sustainable development effect the economy, society, and the environment (Hassan, Sheikh, & Rahman, 2022;Khan, 2022;Shafqat et al, 2023). The term "SP report" (SPR) refers to a framework that includes criteria, policies, indicators, principles, conceptual models, and goals Fonseca et al As a result, organizations' aims should extend beyond shareholder profit since they must consider how their activities may influence other stakeholders (Rezaee, 2018).…”