Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2130389
Dynamic effect of green financing and green technology innovation on carbon neutrality in G10 countries: fresh insights from CS-ARDL approach
Xiao Jian
Sahar Afshan
Sažetak
There is a notion that finance plays a crucial role in anthropogenic;
however, the emerging trends have been observed to
incorporate environmental concerns into sustainable financing.
Moreover, technological innovations tend to help in achieving
carbon neutrality. This research examines the role of green financing
(GFIN) and green technologies in dealing with carbon neutrality
in G10 economies from 2000 through 2018. Advanced panel
estimations; Cross-Sectional ARDL, cross-sectional dependence,
unit root test with and without structural breaks, slope homogeneity,
and panel cointegration has applied. The long- and short-run
estimates confirm that GFIN and technologies promote carbon
neutrality. Moreover, the long-run results endorse the validity of
the Environmental Kuznets Curve. Similar findings are observed in
the short run except for EKC; however, their marginal contribution
toward carbon neutrality is relatively higher in the long run.
Moreover, the negative sign of the error correction term endorses
convergence towards steady-state equilibrium. These results are
endorsed by alternative estimators and offer valuable
recommendations.
Ključne riječi
Green financing; green innovations; environmental sustainability; CS-ARDL
Hrčak ID:
306678
URI
Datum izdavanja:
30.4.2023.
Posjeta: 352 *