Over the last few decades, environmental crises and resource shortages have intensified due to the erratic economic growthEconomic growth patterns of economies around the world, prompting the inclusion of sustainable developmentSustainable development in every aspect of life. In this context, the 2030 United Nations Sustainable Development GoalUnited Nations Sustainable Development Goals (SDGs) (SDGSDGs) 13 emphasizes the importance of a sustainable environment and the urgent need for climate changeClimate change mitigationMitigation. This research, in light of sustainable developmentSustainable development, examines the impact of green innovationGreen innovation and renewable energyRenewable energy on achieving net-zero emissions in the Asian region from 2000 to 2019. Further, as green initiatives require substantial funds for operationalization, green financeGreen finance can fill this gap by providing financial support to nations to achieve sustainabilitySustainability goals. Hence, we also explore the moderating role of green financeGreen finance in facilitating green innovationGreen innovation to reduce carbon emissionsCarbon emission. The results indicate that green innovationGreen innovation and renewable energyRenewable energy have an inverse relationship with carbon emissionCarbon emission, while GDP and population positively influence carbon emissionCarbon emission. Moreover, green financeGreen finance moderates the link between green innovationGreen innovation and carbon emissionCarbon emission in countries having high levels of green innovationGreen innovation. Based on the results, we recommend that Asian countries should implement policies to encourage investments and innovation in green innovationGreen innovation and clean energyEnergy sectors to achieve Sustainable DevelopmentSustainable development Goals.

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Exploring the Nexus of Green Innovation, Green Finance, and Environment Quality: An Analysis of Their Effects in Asia

  • Shivani

摘要

Over the last few decades, environmental crises and resource shortages have intensified due to the erratic economic growthEconomic growth patterns of economies around the world, prompting the inclusion of sustainable developmentSustainable development in every aspect of life. In this context, the 2030 United Nations Sustainable Development GoalUnited Nations Sustainable Development Goals (SDGs) (SDGSDGs) 13 emphasizes the importance of a sustainable environment and the urgent need for climate changeClimate change mitigationMitigation. This research, in light of sustainable developmentSustainable development, examines the impact of green innovationGreen innovation and renewable energyRenewable energy on achieving net-zero emissions in the Asian region from 2000 to 2019. Further, as green initiatives require substantial funds for operationalization, green financeGreen finance can fill this gap by providing financial support to nations to achieve sustainabilitySustainability goals. Hence, we also explore the moderating role of green financeGreen finance in facilitating green innovationGreen innovation to reduce carbon emissionsCarbon emission. The results indicate that green innovationGreen innovation and renewable energyRenewable energy have an inverse relationship with carbon emissionCarbon emission, while GDP and population positively influence carbon emissionCarbon emission. Moreover, green financeGreen finance moderates the link between green innovationGreen innovation and carbon emissionCarbon emission in countries having high levels of green innovationGreen innovation. Based on the results, we recommend that Asian countries should implement policies to encourage investments and innovation in green innovationGreen innovation and clean energyEnergy sectors to achieve Sustainable DevelopmentSustainable development Goals.