Environmental sustainability in the OECD: The power of digitalization, green innovation, renewable energy and financial development

Karlılar, Selin; Balcılar, Mehmet; Emir, Fırat

doi:10.1016/j.telpol.2023.102568

Cited by 65 publications

(11 citation statements)

References 88 publications

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“…While the use of renewable energy in Chiang Mai is still in its early stages, there is signi cant potential for growth and expansion in the coming years. The region's abundance of natural resources and supportive government policies make it a promising location for the development of renewable energy projects [22]. Based on the scoring criteria employed in this study, the assessment of the use of renewable energy in the Chiang Mai area has been classi ed into three distinct levels.…”

Section: Statistical Datamentioning

confidence: 99%

Assessing Sustainability of Chiang Mai Urban Development

Pongruengkiat

Tippayawong

Aggarangsi

et al. 2023

Preprint

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Sustainable urban development is an increasingly important concept as cities around the world continue to grow and face challenges related to urbanization, including environmental degradation, social inequality, and economic instability. Chiang Mai is a rapidly growing city in Thailand that steers towards sustainability. In this work, we examine the state of sustainable urban development in Chiang Mai by analyzing various indicators, including transportation, waste management, air quality, and energy consumption. A multi-dimensional framework was used to assess the sustainability of Chiang Mai. Our analysis suggests that while Chiang Mai has made progress in some areas of sustainable urban development, such as promoting green transportation and waste reduction and reduction consumption, there are still many challenges to be addressed, particularly in air pollution, water management, transportation and energy consumption. We conclude by discussing the implications of our findings for policy makers, urban planners, and other stakeholders interested in promoting sustainable urban development. This study assesses Chiang Mai's sustainability using a comprehensive set of 35 indicators. It was found that Chiang Mai has potential for sustainable development, but some indicators require improvement. The study presents guidelines for prioritizing sustainable development, improving air and water quality, promoting sustainable tourism, enhancing waste management, transportation management and energy consumption. This research provides alternative framework for evaluating cities and presents a valuable contribution to the field of sustainable urban development.

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Section: Statistical Datamentioning

confidence: 99%

Assessing Sustainability of Chiang Mai Urban Development

Pongruengkiat

Tippayawong

Aggarangsi

et al. 2023

Preprint

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“…To check the impact of green innovation, FDI, economic growth, industrialisation, renewable energy consumption and trade openness, the study constructed the following model based on the earlier studies by Ali et al (2022), Karlilar et al (2023), Tabash et al (2023):…”

Section: Model Specificationsmentioning

confidence: 99%

“…Second, the study will analyse the moderating impact of green innovation in the FDIecological footprint nexus in BRICS and Next-11 and confirm whether green innovation supports the pollution halo hypothesis. The previous studies examine either separately the role of FDI (Yilanci et al, 2020;Arif et al, 2022;Maroufi and Hajilary, 2022;Qamri et al, 2022;Ullah et al, 2022Ullah et al, , 2023Balsalobre-Lorente et al, 2023;Roy, 2023) and green innovation (Hussain and Dogan, 2021;Li et al, 2022a, b;Usman et al, 2022;Karlilar et al, 2023;Li and Xu, 2023) or, together (Ali et al, 2022;Xu et al, 2022;Yasmeen et al, 2022;Raza et al, 2023;Uddin et al, 2023) in determining the environmental degradation. However, in those studies, the major missing aspect is the moderating role of green innovation in the FDI-environment nexus.…”

Section: Introductionmentioning

confidence: 99%

Nexus between foreign direct investment and ecological footprint in BRICS and Next-11: the moderating role of green innovation

Padhan,

Bhat

2023

MEQ

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PurposeThe study examines the presence of the pollution haven or pollution halo hypothesis in Brazil, Russia, India, China and South Africa (BRICS) and Next-11 economies. Hence, it empirically tests the direct impact of foreign direct investment (FDI) on the ecological footprint. Further, it explores the moderating role of green innovation on the nexus between FDI and ecological footprint.Design/methodology/approachThe study uses the Driscoll–Kraay (DK) standard error panel regression technique to examine the long-run elasticities amongst the variables for the group of emerging countries, BRICS and Next-11, during the period of 1992 to 2018. Further, statistical robustness is demonstrated using the fully modified ordinary least squares technique.FindingsThe empirical finding shows that FDI degrades environmental quality by raising the ecological footprint. Thus, it proves that FDI is a source of pollution haven in BRICS and Next-11 countries. However, green innovation negatively moderates the relationship between FDI and ecological footprint. That means the joint impact of green innovation, and FDI proves the presence of the pollution halo hypothesis. Further, renewable energy consumption is reducing the ecological footprint, but economic growth and industrialisation are worsening the environmental quality.Practical implicationsThis study offers policy implications for governments and policymakers to promote environmental sustainability by improving green innovation and allowing FDI that encourages clean and advanced technology.Originality/valueNo prior studies examine the moderating role of green innovation on the relationship between FDI and ecological footprint in the context of emerging countries.

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“…Adopting digital technologies is indispensable in promoting environmental sustainability and fostering sustainable economic growth. Digitalization expedites industrial transformation by disseminating knowledge and driving the transition toward service‐oriented industries, thereby facilitating the development of a low‐carbon economy (Karlilar et al, 2023).…”

Section: Introductionmentioning

confidence: 99%

Agricultural productivity‐environmental sustainability nexus through the lens of digitalization and energy intensity in BRICS countries

Hussain

Yin

et al. 2023

Review Development Economics

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The agricultural sector holds paramount implications in the economies of BRICS (Brazil, Russia, India, China, and South Africa) countries. Nevertheless, the escalating effect of climate change shows a significant and alarming threat to the actual environmental conditions required to sustain agricultural production. This study examines the potential contribution of demographic dividends, digitalization, and energy intensity in facilitating the attainment of environmental sustainability and agricultural productivity by BRICS economies from 1996 to 2020. The study first tested cross‐sectional dependence, then unit roots, cointegration, and long‐run elasticities using suitable econometric approaches to explore possible links between the study variables. The empirical results from the long‐run estimators stated that digitalization improves agricultural production and the environment; contrarily, demographic dividend and energy intensity contribute to environmental degradation. Furthermore, the long‐term improvement of agricultural production is supported by demographic dividend, GDP per capita, energy intensity, and digitalization. Also, the study reached a broad inference emphasizing bidirectional causal associations between demographic dividend, energy intensity, GDP per capita, the environment, and agricultural production. In conclusion, the study has identified robust policy options for BRICS economies that can serve as valuable guidance for policymakers in making informed decisions and implementing effective practices.

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Environmental sustainability in the OECD: The power of digitalization, green innovation, renewable energy and financial development

Cited by 65 publications

References 88 publications

Assessing Sustainability of Chiang Mai Urban Development

Assessing Sustainability of Chiang Mai Urban Development

Nexus between foreign direct investment and ecological footprint in BRICS and Next-11: the moderating role of green innovation

Agricultural productivity‐environmental sustainability nexus through the lens of digitalization and energy intensity in BRICS countries

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