How do environmental innovations and energy productivity affect the environment? Analyzing the role of economic globalization

Ahmad, Mahmood; Shabir, Mohsin; Naheed, Rehana; Shehzad, Khurram

doi:10.1007/s13762-021-03620-8

Cited by 24 publications

(15 citation statements)

References 62 publications

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“…Moreover, in the era of digital economies, the government can easily exchange information and ideas with the public through digital media, which enables the public to gain environmental knowledge, cultivate environmental protection awareness, and practice environmental protection concepts. It is conducive to the public's timely reflection and supervision of environmental conditions and promotes the coordinated governance of the government, enterprises, and the public in the field of environmental protection Ahmad et al, 2021b). This paper proposes the following hypothesis based on the above analysis: Hypothesis 1.…”

Section: Theoretical Analysis and Research Hypothesis 21 Digital Econ...mentioning

confidence: 99%

Modeling the impact of digital economy on urban environmental pollution: Empirical evidence from 277 prefecture-level cities in China

Bai

Huang

Shang

et al. 2022

Front. Environ. Sci.

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With the recent technological advancements, such as the internet, big data, and cloud computing, China’s digital economy plays a significant role in economic development. However, the digital economy may also affect the environmental quality, but the prevailing literature is scant on how the digital economy affects urban environmental pollution. To fill this gap, this study established an urban digital economy index system based on 277 prefecture-level cities in China and calculated their digital economy indicators from 2011 to 2019. Using a two-way fixed effects model, a mediation effect model and a moderation effect model, a multi-dimensional empirical test is conducted to determine the impact of the digital economy on urban pollution effects and internal mechanisms. Empirical results indicate that the digital economy significantly reduces urban pollutant emissions and shows spatial heterogeneity. After a series of robustness tests and endogenous analysis, our findings are consistent. The mechanism test results reveal that the digital economy can help mitigate pollution emissions through improved industrial structure, promotion of green innovation, and financial development. Further, the empirical results also demonstrate that government intervention can significantly enhance the negative environmental impact of the digital economy. Moreover, the findings from the heterogeneity test (i.e., city size, time, and space heterogeneity) show that the development of the digital economy is more significant in reducing urban pollution in large and eastern coastal cities. While the digital economy development policy impact of the digital economy on reducing pollution has been found after being adjusted by the national strategy. Our study enriches the research regarding the causes and mechanisms of environmental pollution, provides empirical evidence that the digital economy contributes to pollution control and provides decision-making references for enabling the growth of the digital economy and maximizing its pollution reduction power.

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Section: Theoretical Analysis and Research Hypothesis 21 Digital Econ...mentioning

confidence: 99%

Modeling the impact of digital economy on urban environmental pollution: Empirical evidence from 277 prefecture-level cities in China

Bai

Huang

Shang

et al. 2022

Front. Environ. Sci.

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“…Their empirical findings show that energy budgets significantly promote environmental sustainability while positive shocks in budgets reduce emissions; however, negative shock does not affect carbon footprint. In contrast, Ahmad et al (2021) studied the asymmetric and symmetric linkage between RTB and CO 2 in the United States from 1985 to 2017 using the ARDL method. The author disclosed that RTB do not pose a significant effect on emissions.…”

Section: Literature Reviewmentioning

confidence: 99%

Financial Risk, Renewable Energy Technology Budgets, and Environmental Sustainability: Is Going Green Possible?

Ahmad

Ahmed

Gavurová

et al. 2022

Front. Environ. Sci.

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Since the industrial revolution, countries have been facing the issue of climate change and environmental degradation. It is widely believed that the investment in research and development of renewable energy can play a pivotal role in fighting against climate change. However, the financial risk also increases, which can influence renewable energy technology R&D budgets and environmental sustainability. Nevertheless, the current literature is silent on the linkage between financial risk, renewable energy technology budgets, and environmental quality. Against this backdrop, this article attempts to explore the dynamic linkage between financial risk, renewable energy technology budgets, and ecological footprint under the Environment Kuznets Curve (EKC) framework in Organization for Economic Cooperation and Development (OECD) countries. For this purpose, yearly data from 1984 to 2018 is employed using the advanced panel data estimation methods that address the slope heterogeneity and cross-sectional dependence issues. The results indicate that improvement in the financial risk index significantly decreases footprints, and renewable energy technology budgets also promote environmental sustainability. Economic globalization poses a significant negative effect on the ecological footprint, while energy consumption adds to the footprint. Moreover, the findings validated the EKC hypothesis in OECD countries. In addition, a unidirectional causality is detected from financial risk to renewable technology energy budgets, while bidirectional causality exists between financial risk and ecological footprint, and between financial risk, and economic growth. Based on the empirical findings, policy suggestions are presented to promote environmental sustainability.

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“…Driven by the market and profits, enterprises will increase the intensity of R&D investment, enhance technological innovation, upgrade existing production equipment and production processes, introduce new, more advanced and environmentally friendly technologies and methods, and launch new processes and new products to meet the diversified and personalized product demand of the market. This will promote the transformation of enterprises from the original factor-driven model to the innovation-driven development model and indirectly promote carbon reduction [ 45 , 49 ].…”

Section: Theoretical Analysis and Research Hypothesesmentioning

confidence: 99%

Study of the Impact of Industrial Restructuring on the Spatial and Temporal Evolution of Carbon Emission Intensity in Chinese Provinces—Analysis of Mediating Effects Based on Technological Innovation

Wang

et al. 2022

IJERPH

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Global warming caused by greenhouse gas emissions seriously threatens a region's sustainable environmental and socioeconomic development. Promoting industrial restructuring and strengthening technological innovation have become an important path to achieving pollution and carbon reduction as well as the green transformation of economic structure. This paper explored the mechanism of the mediating effect of technological innovation on industrial restructuring and carbon reduction while accounting for the direct effect of industrial restructuring on carbon emissions. Then, based on China's provincial panel data from 2001 to 2019, we estimated the carbon emission intensity using the Intergovernmental Panel on Climate Change (IPCC)'s methods and analyzed its spatiotemporal evolution characteristics. Finally, we constructed a fixed-effect model and a mediating effect model to empirically analyze how industrial restructuring and technological innovation affect carbon emission intensity. The results are as follows: (1) From 2001 to 2019, China's carbon emission intensity showed a continuous downward trend, with a pronounced convergence trend; there were obvious differences in carbon emission intensity between eastern, central, and western regions (western region > central region > eastern region) due to the unbalanced industrial structure. (2) In terms of direct effects, industrial restructuring can significantly reduce carbon emission intensity. The intensity of the effect is inversely proportional to the level of industrial restructuring, and the results of sub-regional tests are similar. Nevertheless, there is an obvious regional difference in the size of the carbon emission reduction effect of industrial restructuring in the east, central, and western regions. (3) In terms of indirect effects, industrial restructuring can reduce carbon emission intensity by enhancing technological innovation, and it acts as a mediating variable in the process of industrial restructuring to reduce carbon emission. Finally, we put forward recommendations for promoting industrial restructuring, strengthening green technological innovation, and properly formulating carbon reduction measures to provide a reference for countries and regions to achieve the goals of carbon neutrality, carbon peaking, and high-quality economic development.

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How do environmental innovations and energy productivity affect the environment? Analyzing the role of economic globalization

Cited by 24 publications

References 62 publications

Modeling the impact of digital economy on urban environmental pollution: Empirical evidence from 277 prefecture-level cities in China

Modeling the impact of digital economy on urban environmental pollution: Empirical evidence from 277 prefecture-level cities in China

Financial Risk, Renewable Energy Technology Budgets, and Environmental Sustainability: Is Going Green Possible?

Study of the Impact of Industrial Restructuring on the Spatial and Temporal Evolution of Carbon Emission Intensity in Chinese Provinces—Analysis of Mediating Effects Based on Technological Innovation

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