Green finance, renewable energy investment, and environmental protection: empirical evidence from B.R.I.C.S. countries

Hailiang, Zeng; Iqbal, Wasim; Chau, Ka Yin; Shah, Syed Ale Raza; Ahmad, Wasim; Hua, Huang

doi:10.1080/1331677x.2022.2125032

Cited by 32 publications

(18 citation statements)

References 57 publications

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“…According to the travel firm, many were simply fed up and would either declare they were not interested in any tours or return in the next year if questioned. 72% of passengers booked via luxury travel have canceled their trips to Southeast Asian countries scheduled to depart during February and March (Zhang et al 2022;Hailiang et al 2022). The worldwide visitors had scheduled a number of Southeast Asia destinations, including Beijing, Shanghai, Xi'an, Chengdu, and numerous places in Malaysia and Singapore, which were then canceled and rebooked for other destinations, such as the Maldives, Southern Africa, and Australia (Pham et al 2021).…”

Section: Introductionmentioning

confidence: 99%

RETRACTED ARTICLE: Impact of the COVID-19 outbreak on China’s tourism economy and green finance efficiency

Zhu²

2023

Environ Sci Pollut Res

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As a result of the COVID-19 pandemic, production costs have grown, while human and economic resources have been reduced. COVID-19 epidemic costs can be reduced by implementing green financial policies, including carbon pricing, transferable green certificates, and green credit. In addition, China's tourist industry is a significant source of revenue for the government. Coronavirus has been found in 30 Chinese regions, and a study is being conducted to determine its influence on the tourism business and green financial efficiency. Econometric strategies that are capable of dealing with the most complex issues are employed in this study. According to the GMM system, the breakout of Covid-19 had a negative effect on the tourism business and the efficiency of green financing. Aside from that, the effects of gross capital creation, infrastructural expansion, and renewable energy consumption are all good. The influence of per capita income on the tourism industry is beneficial but detrimental to the efficiency of green finance. Due to the current pandemic condition, this report presents a number of critical recommendations for boosting tourism and green financial efficiency.

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Section: Introductionmentioning

confidence: 99%

RETRACTED ARTICLE: Impact of the COVID-19 outbreak on China’s tourism economy and green finance efficiency

Zhu²

2023

Environ Sci Pollut Res

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“…Additionally, Cao, Nie, Sun, Sun and Taghizadeh-Hesary [11] scrutinized that the financial sector supplies vital capital for innovation, promoting innovation in ecological technology. In addition, Liu, et al [40] reported that environmental governance is greatly influenced by financial openness, which has the potential to facilitate pollution reduction and enhance environmental performance. Hsu, et al [41] also found financial liberalization and openness are essential to enhance pollution control incentives.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Nexus between Innovation–Openness–Natural Resources–Environmental Quality in N-11 Countries: What Is the Role of Environmental Tax?

Qamruzzaman,

Karim,

Kor

2024

Sustainability

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This research investigates the intricate relationship between financial openness, natural resources, and carbon neutrality in the N-11 countries. It provides insights into how environmental tax and innovation can drive carbon neutrality in these nations, thus advancing our understanding of the nexus among financial openness, natural resources, and carbon neutrality. The study aims to offer policymakers perspectives on formulating policies to foster sustainable economic development and environmental conservation in the N-11 nations. The discourse highlights the environmental implications of foreign direct investment (FDI) and trade openness, revealing a complex interplay between economic development, technological innovation, and environmental sustainability. While FDI can facilitate technological transfers and managerial advancements that enhance resource efficiency and promote environmentally friendly practices, its environmental impact varies based on regulatory frameworks and enforcement mechanisms. In countries with weak environmental regulations, FDI may lead to negative outcomes such as pollution hotspots, resource depletion, and ecosystem degradation. Similarly, trade openness can exacerbate environmental degradation through increased production, energy consumption, and waste generation. However, both FDI and trade openness can contribute positively to environmental sustainability when coupled with effective environmental policies, investment in green technology, and the promotion of sustainable practices. Thus, policymakers must strike a balance between economic development and environmental protection by implementing stringent environmental regulations, promoting clean technology transfer, and fostering sustainable development practices domestically and internationally. This research offers valuable insights for policymakers aiming to navigate the complexities of achieving carbon neutrality while ensuring sustainable economic growth in the N-11 countries.

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“…Liu et al [ 24 ] discovered that green growth was understood to have three goals: economic development, ecological protection, and employment generation. Hailiang et al [ 30 ] used an energy input-output analysis to forecast Canada's green development potential across a range of scenarios. Green development effectiveness in 285 Chinese cities was assessed by Song et al [ 31 ].…”

Section: Literature Reviewsmentioning

confidence: 99%

Beyond the Arena: How sports economics is advancing China's sustainable development goals

Zhou¹,

Zhao²,

Waqas³

2023

Heliyon

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Green finance, renewable energy investment, and environmental protection: empirical evidence from B.R.I.C.S. countries

Cited by 32 publications

References 57 publications

RETRACTED ARTICLE: Impact of the COVID-19 outbreak on China’s tourism economy and green finance efficiency

RETRACTED ARTICLE: Impact of the COVID-19 outbreak on China’s tourism economy and green finance efficiency

Nexus between Innovation–Openness–Natural Resources–Environmental Quality in N-11 Countries: What Is the Role of Environmental Tax?

Beyond the Arena: How sports economics is advancing China's sustainable development goals

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