Role of greener energies, high tech-industries and financial expansion for ecological footprints: Implications from sustainable development perspective

Wang, Zhe; Chen, Huangxin; Teng, Yin-Pei

doi:10.1016/j.renene.2022.12.039

Cited by 53 publications

(10 citation statements)

References 54 publications

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“…Similarly, Bashir et al (2023) employed CS-ARDL, FMOLS, AMG, and CCEMG approaches to confirm the EFP-reducing effect of renewable energy in top-10 manufacturing countries. Wang et al (2023) further demonstrated with the system GMM and panel quantile approaches that renewable energy benefits EFP in G7 and E7 countries. Katircioglu and Clebi (2018), in their study of Turkey, confirmed significant interaction between foreign debt stock and CO2 emissions.…”

Section: Literature Reviewmentioning

confidence: 88%

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Renewable Energy and Ecological Sustainability in Africa: Does Foreign Debt and Financial Globalisation Matter?

Aladejare¹

2023

Preprint

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Since the last decade, ecological preservation has become a critically debated topic in developing and developed nations. Hence, to ensure environmental sustainability, countries and international bodies have been canvassing for measures that support severe restrictions to protect the Earth's biodiversity. Without such an approach, sustaining the ecological quality needed for sustainable growth and development will be a mirage if current greenhouse gas levels are not tamed. Hence, this study investigated the effect of renewable energy consumption on the ecological sustainability of 44 African countries and the accompanying roles of external debt and financial globalisation in the relationship. Second-generation estimation techniques were employed and deduced inferences from the cross-sectional autoregressive distributed lag method used in the study. It was empirically demonstrated that renewable energy is insignificant for ecological sustainability without debt stock and financial globalisation. However, the inclusion of both variables revealed that while renewable energy and financial globalisation accelerated ecological sustainability, external debt worsened it in the short and long-term periods. Therefore, relevant policy measures were proposed in the study. JEL Classification: H54, N77, O3.

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Section: Literature Reviewmentioning

confidence: 88%

“…Bashir et al (2023) confirmed the depreciating effect of financial development on EFP in top-10 manufacturing countries. Wang et al (2023) later demonstrated that FGB increases EFP in G7 and E7 countries. However, applied the time-varying rolling window method and confirmed the enhancing role of FGB for EFP in the United Kingdom.…”

Section: Literature Reviewmentioning

confidence: 96%

Renewable Energy and Ecological Sustainability in Africa: Does Foreign Debt and Financial Globalisation Matter?

Aladejare¹

2023

Preprint

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“…From the perspective of marine economy status, some scholars argue that regions with higher levels of marine economy development can provide substantial financial and infrastructural support for the development of marine industries, which in turn improve the efficiency of marine resource utilization (Ji and Wang, 2018;Chen, 2022c;Wang et al, 2023). However, some scholars also stated that a higher level of marine economy development can bring about a significant increase in resource consumption and pollutant emissions, which may seriously destroy the balance of marine resources and ecological environment and is not conducive to the improvement of marine green economy efficiency (Shi et al, 2022;Zhao et al, 2022a;Zhao et al, 2022b;Nogue-Alguero, 2020;Peng et al, 2020;Wang, 2021).…”

Section: Influencing Factorsmentioning

confidence: 99%

Analyzing efficiency measurement and influencing factors of China’s marine green economy: Based on a two-stage network DEA model

Zou

Yang

et al. 2023

Front. Mar. Sci.

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This research adopts a two-stage network DEA model to measure marine green economy efficiency from 2006 to 2018 and employs the panel Tobit model to analyze the influencing factors. The results indicate that total efficiency and production efficiency of China’s marine green economy generally show a fluctuating downward trend. Further investigation of influencing factors shows that foreign direct investment and opening up have a significantly positive effect on total efficiency of the marine green economy, while industrial development level and marine economy development level have a negative effect on it. Additionally, these variables have varying impacts on different stages of the marine green economy. Our findings help identify the operational characteristics of the marine green economy at different stages and can assist policymakers in optimizing the development pattern of the marine economy.

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“…It not only considers energy saving and emission reduction, technological innovation, industrial transformation and other changes in economic growth drivers, but also involves the effect of economic growth. It pursues sustainable growth of environment, resources and economy (Shi Y. et al, 2022;Wang et al, 2023;Zou et al, 2023). In the current macro-level context of tightening environmental regulations, how does digital finance affect green development?…”

Section: Introductionmentioning

confidence: 99%

Digital finance, environmental regulation, and green development efficiency of China

Han

Wang

2023

Front. Environ. Sci.

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In the context of the increasingly prominent contradiction between economic development and ecological environment, how to promote green development has become the core of sustainable economic development. Digital finance is an innovative financial model with a high degree of integration of finance and digital technology and provides a new opportunity for achieving green development. Based on identifying the mechanisms of digital finance and environmental regulation on green development efficiency, this research uses the directional distance function and Malmquist-Luenberger index to measure the green development efficiency of 30 provinces in China from 2011 to 2020 and then employs a dynamic panel GMM model to empirically analyze the relationships among digital finance, environmental regulation, and green development efficiency. The results of the study show the following. 1) Digital finance contributes to the efficiency improvement of green development. 2) Environmental regulation has not yet crossed the Porter’s inflection point and still has a dampening effect on green development efficiency. 3) The synergy between digital finance and environmental regulation has a positive impact on green development. 4) Digital finance alleviates the financing constraints arising from environmental regulation and to some extent weakens the negative effect of environmental regulation on the efficiency of green development. In view of this, the government should give full play to the active role of digital finance in eco-environmental governance, optimize the top-level design of environmental regulation, and promote industrial structure upgrading and optimal allocation of financial resources.

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Role of greener energies, high tech-industries and financial expansion for ecological footprints: Implications from sustainable development perspective

Cited by 53 publications

References 54 publications

Renewable Energy and Ecological Sustainability in Africa: Does Foreign Debt and Financial Globalisation Matter?

Renewable Energy and Ecological Sustainability in Africa: Does Foreign Debt and Financial Globalisation Matter?

Analyzing efficiency measurement and influencing factors of China’s marine green economy: Based on a two-stage network DEA model

Digital finance, environmental regulation, and green development efficiency of China

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