An Empirical Test of Low-Carbon and Sustainable Financing’s Spatial Spillover Effect

Sun, Yu; Sun, Huaping; Ma, Zhiqiang; Li, Mingxing; Wang, Dan

doi:10.3390/en15030952

Cited by 9 publications

(9 citation statements)

References 27 publications

(29 reference statements)

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“…The positive correlation between GDP per capita and R&D shows that the more economic progress and technological advancement there is, the greater the potential for increasing green productivity. The findings of Sun et al (2022) are supported by these findings. However, R&D return the local scientific and technological capabilities that have a positive effect on economic growth Zhang and Vigne (2021) .…”

Section: Resultssupporting

confidence: 68%

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How Do Green Finance and Energy Efficiency Mitigate Carbon Emissions Without Reducing Economic Growth in G7 Countries?

2022

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Climate change is one of the most serious threats facing the world today. Environmental pollution and depletion of natural resources have been highlighted by the United Nations Sustainable Development Goals (SDGs), paving the way for modern concepts such as sustainable growth to be introduced. Therefore, this research explores the relationship between green finance, energy efficiency, and CO2 emissions in the G7 countries. The study uses panel data model technique to examine the dependence structure of green finance, energy efficiency, and CO2 emissions. Moreover, we use DEA to construct an energy efficiency index of G7 countries. A specific interval exists between the values of the energy efficiency indexes. Japan, the United Kingdom, and the United States were named the most energy-efficient countries in the world, based on results obtained for five consecutive years in this category. However, according to the comparative rankings, France and Italy are the most successful of all the G7 members, followed by the United Kingdom and Germany. Our overall findings of the econometric model confirm the negative impact of green finance and energy efficiency on CO2 emissions; however, this relationship varies across the different quantiles of the two variables. The findings in the study confirm that green finance is the best financial strategy for reducing CO2 emissions.

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Section: Resultssupporting

confidence: 68%

“…The wealth effect in emerging economies is to blame for this. To put it another way, a higher level of education tends to lead to an increased demand for energy, which has a negative impact on the environment ( Sun et al, 2022 ).…”

Section: Resultsmentioning

confidence: 99%

How Do Green Finance and Energy Efficiency Mitigate Carbon Emissions Without Reducing Economic Growth in G7 Countries?

2022

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“…According to Nawaz et al (2021) , green finance needs the financial industry to safeguard the environment. Sun et al (2022) defined green finance as a financial instrument novelty designed for environmental protection. On the other hand, the third viewpoint is more comprehensive and has gained widespread acceptance in the academic world here in the United States.…”

Section: Literature Reviewmentioning

confidence: 99%

Does Green Financing Develop a Cleaner Environment for Environmental Sustainability: Empirical Insights From Association of Southeast Asian Nations Economies

Irfan²

2022

Front. Psychol.

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One of the most frequently used terms in climate change discussions is environmental sustainability. With economic growth and foreign direct investment as moderator factors, this study investigates the influence of green finance and financial development on environmental sustainability and growth in ASEAN economies from 2012 to 2019. ADF and Phillip-Peron (PP) unit root tests, fully modified least square (FMOLS), were employed for long-run empirical estimates. A substantial body of evidence supports the study’s findings using VECM technology. Green financing was negatively associated with CO2 emissions. However, environmental sustainability in ASEAN is favorably associated with green financing. It is also worth noting that green financing promotes environmental sustainability at the expenditure of economic growth. Financial development, foreign direct investment, R&D investment, and green technology foster economic expansion at the price of environmental sustainability. There are still many fences to green finance that need to be addressed, including pricing CO2 emissions and reforming inefficient nonrenewable fossil fuel subsidies. Local governments play a vital role in eliminating these barriers and addressing disincentives. It is recommended that policymakers push the financial sector to adopt a green finance strategy to further the goals of long-term sustainable development. Industry must integrate multiple objectives, such as inclusive growth and environmental protection and productivity, through an even broader range of legislative frameworks ideal for decoupling growth from social and ecological unsustainability, at the heart of the green manufacturing process.

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“…Green innovation is an innovation guided by the values of sustainable development, centered on saving resources and protecting the environment, and taking the pursuit of sound and rapid development as the starting point and foothold [9,10]. It can "force" producers to improve their technical level, carry Energies 2022, 15, 1590 2 of 22 out cleaner production to promote energy conservation and emission reduction, and then realize gainful economic development and environmental protection [11][12][13][14][15].…”

Section: Introductionmentioning

confidence: 99%

“…Thus, promoting green technology innovation as a strategic decision at the national level. Therefore, this study is based on the essence to deeply explore the influencing factors of green innovation and then find out the merit to promote green innovation [12][13][14].…”

Section: Introductionmentioning

confidence: 99%

Investigation of Nexus between Knowledge Learning and Enterprise Green Innovation Based on Meta-Analysis with a Focus on China

Zhang

Sun

et al. 2022

Energies

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Knowledge learning is a vital pre-factor and the driving force of green enterprise innovation; hence, meriting the numerous academic research and accumulated relevant literature. In this paper, the meta-analysis methodology was used to explore the direction and intensity of the influence of knowledge learning on green enterprise innovation, taking 32 independent documents as research samples. Meta-analysis results showed that the search breadth and the search depth of green resources and the green resources absorption and integration have significant positive effects on the green innovation of enterprises, among which green resources absorption and integration were the most important. Further, the research on the moderating effect found that the measurement method of green innovation affected the relationship between knowledge learning and green enterprise innovation; however, the moderating effect of the research object was not pronounced.

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An Empirical Test of Low-Carbon and Sustainable Financing’s Spatial Spillover Effect

Cited by 9 publications

References 27 publications

How Do Green Finance and Energy Efficiency Mitigate Carbon Emissions Without Reducing Economic Growth in G7 Countries?

How Do Green Finance and Energy Efficiency Mitigate Carbon Emissions Without Reducing Economic Growth in G7 Countries?

Does Green Financing Develop a Cleaner Environment for Environmental Sustainability: Empirical Insights From Association of Southeast Asian Nations Economies

Investigation of Nexus between Knowledge Learning and Enterprise Green Innovation Based on Meta-Analysis with a Focus on China

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