“…In the FW region, first, the direct and spillover effects of energy use intensity on ozone pollution are significantly positive, indicating that regional energy use is the main factor that exacerbates local ozone pollution concentrations. This is consistent with Radmehr [67] and Adewuyi [68]. In 2019, energy consumption in the FW accounted for 2.93% of the national share, with coal accounting for 80% of the total, the highest among the three regions.…”
At the end of 2020, when China’s three-year Blue Sky Protection Campaign was successfully concluded, the main pollutants, led by O3, increased instead of decreasing, creating a new air pollution problem. In this paper, the impact of the technological innovation level on O3 pollution and its inter-regional differences across three major regions from 2014 to 2019 are studied using the dynamic spatial Durbin model. Generally, in terms of ozone pollution showing significant spatial correlation, technological innovations in China are still not effective in curbing ozone pollution. Furthermore, technological innovation is a key factor affecting ozone pollution, and it is heterogeneous, demonstrating that the impact of technological innovation on O3 pollution is different among regions. Technological innovation in Beijing–Tianjin–Hebei significantly reduces local O3 pollution with spillover, while technological innovation in the Yangtze River Delta instead significantly exacerbates local O3 pollution, and the impact of technological innovation on O3 pollution in the Fenwei Plain is not significant. Third, other factors in O3 pollution also differ between regions, with the number of cars and the amount of foreign capital actually utilized being the main factors. Therefore, we should pay attention to the spillover of O3 pollution and technological innovation and strengthen regional cooperation according to our own characteristics to effectively suppress O3 pollution. Finally, the findings of this paper are representative, which provides a possible reference for other similar national or regional studies.
“…In the FW region, first, the direct and spillover effects of energy use intensity on ozone pollution are significantly positive, indicating that regional energy use is the main factor that exacerbates local ozone pollution concentrations. This is consistent with Radmehr [67] and Adewuyi [68]. In 2019, energy consumption in the FW accounted for 2.93% of the national share, with coal accounting for 80% of the total, the highest among the three regions.…”
At the end of 2020, when China’s three-year Blue Sky Protection Campaign was successfully concluded, the main pollutants, led by O3, increased instead of decreasing, creating a new air pollution problem. In this paper, the impact of the technological innovation level on O3 pollution and its inter-regional differences across three major regions from 2014 to 2019 are studied using the dynamic spatial Durbin model. Generally, in terms of ozone pollution showing significant spatial correlation, technological innovations in China are still not effective in curbing ozone pollution. Furthermore, technological innovation is a key factor affecting ozone pollution, and it is heterogeneous, demonstrating that the impact of technological innovation on O3 pollution is different among regions. Technological innovation in Beijing–Tianjin–Hebei significantly reduces local O3 pollution with spillover, while technological innovation in the Yangtze River Delta instead significantly exacerbates local O3 pollution, and the impact of technological innovation on O3 pollution in the Fenwei Plain is not significant. Third, other factors in O3 pollution also differ between regions, with the number of cars and the amount of foreign capital actually utilized being the main factors. Therefore, we should pay attention to the spillover of O3 pollution and technological innovation and strengthen regional cooperation according to our own characteristics to effectively suppress O3 pollution. Finally, the findings of this paper are representative, which provides a possible reference for other similar national or regional studies.
“…This increasing trend persisted until 2007 when the country experienced a substantial financial meltdown due to the 2007-2008 worldwide financial crisis. (Adewuyi and Awodumi 2021). Since then, South Africa has maintained a progressively increasing trend in economic and fiscal growth and CO 2 Udeagha and Breitenbach Financial Innovation (2023) 9:5 emissions levels.…”
The extant literature has produced mixed evidence on the relationship between financial development and ecological sustainability. This work addresses this conundrum by investigating financial development’s direct and indirect consequences on ecological quality utilizing the environmental Kuznets curve (EKC) methodological approach. Our empirical analysis is based on the novel dynamic autoregressive distributed lag simulations approach for South Africa between 1960 and 2020. The results, which used five distinct financial development measures, demonstrate that financial development boosts ecological integrity and environmental sustainability over the long and short terms. In the instance of South Africa, we additionally confirm the validity of the EKC theory. More importantly, the outcomes of the indirect channels demonstrate that financial development increases energy usage’s role in causing pollution while attenuating the detrimental impacts of economic growth, trade openness, and foreign direct investment on ecological quality. Moreover, the presence of an inadequate financial system is a requirement for the basis of the pollution haven hypothesis (PHH), which we examine using trade openness and foreign direct investment variables. PHH for both of these variables disappears when financial development crosses specified thresholds. Finally, industrial value addition destroys ecological quality while technological innovation enhances it. This research provides some crucial policy recommendations and fresh perspectives for South Africa as it develops national initiatives to support ecological sustainability and reach its net zero emissions goal.
“…For instance, Bah & Kpognon (2020) posit that governance in general and rule of law and political stability in particular, within the Economic Community of West African States, stimulates public investment and economic growth. Studies also recommend the need for policies in developing African countries to aggressively tackle carbon emission, energy and environmental pollution (Adewuyi & Awodumi, 2020) as well as infrastructural gaps (Jiya, Sama, & Ouedraogo, 2020), which hamper agriculture, food security and sustainable economic growth. Thus, governance has the potential to cushion livelihood, reduce poverty and increase agriculture activities among the poor (Ataguba, 2020;Diop & Asongu, 2021), thereby addressing food insecurity.…”
Section: Empirical Review Of Governance and Food Securitymentioning
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