Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2137823
Understanding the importance of sustainable ecological innovation in reducing carbon emissions: investigating the green energy demand, financial development, natural resource management, industrialisation and urbanisation channels
Meng Shang
Zhenzhong Ma
Yanzhi Su
Fiza Shaheen
Haroon ur Rashid Khan
Lokman Mohd Tahir
Muhammad Khalid Anser
Khalid Zaman
Sažetak
Humanity is in more danger from escalating greenhouse gas
(G.H.G.) emissions, making the world warmer. The study examined
the relationship between China’s environmental technologies,
ecological innovation, and carbon emissions using time-series
data from 1975 to 2020. The N.A.R.D.L. approach is used to examine
the cointegration of variables in the short and long run. In
the short run, environmental technologies, industrialisation
(I.N.D.), positive shocks to natural resource depletion (N.R.D.),
negative shocks to renewable energy (R.E.) use, and technical
advancements affect carbon emissions. On the other hand, positive
shocks to environmental technologies and financial development
(F.D.), negative shocks to N.R.D., R.E. consumption (E.C.), and
technical innovation all have a long-term effect on carbon emissions.
Granger causality was used to examine the causal link
between variables. According to the findings, environmental technologies,
F.D., technical innovation, N.R.D., and economic growth
(E.G.) cause carbon emissions. The impulse response function
revealed an inverse link between asymmetric environmental technology
and carbon emissions. In contrast, F.D. and N.R.D. directly
affect environmental degradation over time. The outcome of the
variance decomposition revealed that negative shocks of F.D.
would likely exert greater pressure on achieving sustainable environmental
agenda. Investment in environmental technology, F.D.,technological innovation and R.E. should be encouraged by the
Chinese government to achieve sustainable prosperity.
Ključne riječi
carbon emissions; environmental technology; ecological innovation; renewable energy (R.E.); urbanisation (U.R.B.); industrialisation (I.N.D.); N.A.R.D.L. estimator
Hrčak ID:
306700
URI
Datum izdavanja:
30.4.2023.
Posjeta: 780 *