The Fiscal Hedging and Green Financing: Sustainability Challenges for Developing World

Abstract

The global community has set intensive targets in Sustainable Development Goals (SDGs) to better people’s lives after closing the Millennium Development Goals (MDGs). It corresponds to the 2030 aspirations of the United Nations to enhance and promote the sustainable development of human society. The current paper explores the impact of fiscal hedging and R&D in energy Using a green-energy system in SDGs. To do this, we used TOPSIS and QARDL methodologies on a 21-year dataset of South and Southeast Asian economies from 2000 to 2020. The study results show that fiscal hedging contributes favourably to the environmental degradation of the underlying economy. Research and development (R&D) in renewables has contributed negatively to ecological degradation and SDGs in the economies of South & Southeast Asia. This study suggests policy guidelines for advanced and developing economies based on fiscal stability and technical innovation through R&D to meet SDG.

The Impact of Green Finance on High-Quality Economic Development in China: Vertical Fiscal Imbalance as the Moderating Effect

“…The findings of this paper on the effect of GF on HQD are consistent with most existing studies [9,[40][41][42][43]. The findings related to spatial spillover effects, however, are somewhat different from those of existing studies.…”

Bibliometrics Analysis of Green Financing Research

“…This illuminating analysis uncovers the following insights: (1) Chinese universities: Leading the charge in green financing research, Chinese universities have emerged as potent contributors, collectively generating seven documents. Noteworthy institutions encompass Ningbo University [37][38][39], The Hong Kong Polytechnic University [29,40], and the University of International Business and Economics, Beijing [23,41]. (2) Pakistani universities: Universities in Pakistan assert their scholarly prowess by amassing 11 documents across three affiliations.…”