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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    

文献类型:期刊文献

英文题名: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

作者:Shang M.[1];Ma Z.[2,3];Su Y.[4];Shaheen F.[5];Khan H.U.R.[6];Tahir L.M.[7];Sasmoko[8];Anser M.K.[9,10];Zaman K.[5]

通讯作者:Zaman, K.[5]

机构:[1]School of Flight, Anyang Institute of Technology, Anyang, China;[2]School of Business, Nanjing Audit University, Jiangsu, Nanjing, China;[3]Odette School of Business, University of Windsor, Windsor, ON, Canada;[4]School of Management, Beijing Union University, Beijing, China;[5]Department of Economics, The University of Haripur, Haripur, Pakistan;[6]Faculty of Business, The University of Wollongong in Dubai, Dubai, United Arab Emirates;[7]School of Education, Faculty of Social Sciences and Humanities, Universiti Teknologi Malaysia (UTM), Johor Bahru, Skudai, Malaysia;[8]Primary Teacher Education Department, Faculty of Humanities, Bina Nusantara University, Jakarta, Indonesia;[9]Faculty of Business and Management Sciences, The Superior University, Lahore, Pakistan;[10]School of Public Administration, Xi’an University of Architecture and Technology, Xi’an, China

第一机构:School of Flight, Anyang Institute of Technology, Anyang, China

年份:2022

外文期刊名:Economic Research-Ekonomska Istrazivanja

收录:Scopus(收录号:2-s2.0-85141976482)

语种:英文

外文关键词:carbon emissions; ecological innovation; environmental technology; industrialisation (I.N.D.); N.A.R.D.L. estimator; renewable energy (R.E.); urbanisation (U.R.B.)

摘要: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. ? 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.

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