Green financing strategy for low-carbon economy: The role of high-technology imports and institutional strengths in China

Hassan, Taimoor; Khan, Yasir; Safi, Adnan; He, Chaoliang; Khan, Salman; Abdul, Daud; Tufail, Muhammad

doi:10.1016/j.jclepro.2023.137859

Cited by 30 publications

(16 citation statements)

References 87 publications

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“…Green technology innovations help the firm maximize economic benefits and competitiveness [ 97 ]. This phenomenon is explained in Hassan et al [ 56 ] study, which states that GTA ensures the firm’s high competitiveness. Surprisingly, our study results also show information technology to be a pivotal tool of today’s businesses performance and competitiveness [ 53 ].…”

Section: Discussionmentioning

confidence: 97%

See 1 more Smart Citation

Sustaining the future: How green capabilities and digitalization drive sustainability in modern business

Li,

Rasool,

Cavus

et al. 2024

Heliyon

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Section: Discussionmentioning

confidence: 97%

“…In the last few years, greener technologies have made the firms ensure stakeholders' requirements, thus achieving green competitiveness [ 55 ]. It makes the firms offer non-substitutable products [ 56 ]. It makes the enterprise differentiate itself from the rival firms [ 52 ].…”

Section: Theoretical Background and Hypothesis Developmentmentioning

confidence: 99%

Sustaining the future: How green capabilities and digitalization drive sustainability in modern business

Li,

Rasool,

Cavus

et al. 2024

Heliyon

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“…In recent years, green finance has garnered extensive attention in academia as a pivotal driver of regional economic and environmentally sustainable development. Scholars' research on it mainly focuses on two aspects: some scholars pay more attention to the economic benefits of the green industry, such as, for example, Hassan et al explored the role of green finance in the low-carbon economy [7], Yin and Xu believed that green finance can promote economic growth [8], and Yang et al studied the relationship between green finance and high-quality economic development [9]; the other part of the scholars mainly analyzed the environmental benefits of the green projects, such as the green finance project methods to obtain sustainable performance [10], the positive impact of green finance on regional ecological development in China [11], and the role of green finance in improving eco-efficiency [12].…”

Section: Literature Review 21 Review Of Research On Green Finance And...mentioning

confidence: 99%

The Impact of Green Finance and Financial Technology on Regional Green Energy Technological Innovation Based on the Dual Machine Learning and Spatial Econometric Models

Xie,

Zhao,

2024

Energies

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Regional green energy technological innovation is an important means to alleviate economic–environmental contradictions. The purpose of this study was to explore the mechanisms of green finance, financial technology, and regional green energy technological innovation. In this study, we constructed dual machine learning models, spatial econometric models, and panel threshold effect models to investigate the effects of green finance and financial technology on regional green energy technological innovation, using panel data from 266 cities nationwide from 2009 to 2021. The research findings are as follows: (1) Both green finance and financial technology significantly promote regional green energy technological innovation. (2) Based on a spatial weight matrix embedded in economic geography, both green finance and financial technology generate positive spatial spillover effects on regional green energy technological innovation. (3) The interaction between green finance and financial technology significantly contributes to regional green energy technological innovation. Financial technology can strengthen the positive local and neighboring effects of green finance on regional green energy technological innovation. (4) Based on the threshold effect of financial technology, green finance cannot significantly promote regional green energy technological innovation when financial technology is in an underdeveloped stage. With the advancement of financial technology, green finance continues to have a positive impact on regional green energy technological innovation. Based on this analysis and our conclusions, we propose practical policy recommendations that can provide a more sustainable approach to green energy technology innovation.

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“…It has been noted that the potential advantages of green imports are lowering CO2 emissions. However, a number of di culties and obstacles have been noted, such as the barriers in the broad adoption of green imports will contain the high manufacturing costs of eco-friendly goods and their scarcity (Cao 2023;Hassan et al 2023a;Sarpong et al 2023). In addition, the green energy imports into international trade are hampered by regional variations in environmental rules and regulations.…”

Section: Green Imports and Co2 Emissionsmentioning

confidence: 99%

Fintech, Green Imports, Technology, and FDI Inflow: Their Role in CO2 Emissions Reduction and the Path to COP26 - A Comparative Analysis of China

Guo,

Yin

2023

Preprint

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Using a Nonlinear Autoregressive Distributed Lag (NARDL) model, this study investigates the relationships among CO2 emissions, green energy imports, foreign direct investment (FDI) inflow, and financial technology (Fintech) in China. The study considers both short- and long-term asymmetries, reflecting both the positive and negative effects of the variables of interests on CO2 emissions. Results reveal that both green technology and fintech significantly increase CO2 emissions for both positive and negative shocks. In contrast, FDI inflows have conflicting outcomes, being positively beneficial during positive shocks and adversely significant during negative shocks. Furthermore, green energy imports result in a considerable rise in CO2 emissions during negative shocks. These findings emphasize the necessity of taking economic factors into consideration when developing environmental regulations. Under COP26 aims to build a greener, more sustainable future for China, policy recommendations include fostering sustainable Fintech innovation, investing in green technology research, bolstering renewable energy imports, and improving climate legislation.

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Green financing strategy for low-carbon economy: The role of high-technology imports and institutional strengths in China

Cited by 30 publications

References 87 publications

Sustaining the future: How green capabilities and digitalization drive sustainability in modern business

Sustaining the future: How green capabilities and digitalization drive sustainability in modern business

The Impact of Green Finance and Financial Technology on Regional Green Energy Technological Innovation Based on the Dual Machine Learning and Spatial Econometric Models

Fintech, Green Imports, Technology, and FDI Inflow: Their Role in CO2 Emissions Reduction and the Path to COP26 - A Comparative Analysis of China

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