The impact of renewable energy transition, green growth, green trade and green innovation on environmental quality: Evidence from top 10 green future countries

Wei, Shanxiang; Jiandong, Wen; Saleem, Hummera

doi:10.3389/fenvs.2022.1076859

Cited by 33 publications

(18 citation statements)

References 108 publications

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“…Similarly, these results are also consistent with Can et al (2021), who demonstrated that green trade could promote the adoption of environment friendly industrial techniques and benefits countries in achieving their climate targets. Likewise, , and Wei et al (2023) also found similar results for positive long-run association between green trade and green economic growth for China and proposed long-term global integration of the nations to strengthen the production of green goods. International trade has made it possible for EMEs to produce and export green goods around the globe and import a wide range of green goods from other countries.…”

Section: Resultssupporting

confidence: 57%

“…The study discovered that green trade substantially cuts greenhouse gas emissions. For the top 10 green future economies Wei et al (2023) considered the impact of green trade on environmental quality and findings showed that green trade boost quality of the environment. Research related to the impact of international trade on CEs yielded contradictory findings.…”

Section: Literature Reviewmentioning

confidence: 99%

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Toward low‐carbon emissions and green growth for sustainable development in emerging economies: Do green trade openness, eco‐innovation, and carbon price matter?

Tariq

Ullah

et al. 2023

Sustainable Development

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Due to substantial development in emerging economies over the last three decades, climate complexities are increasing which have posed serious threats to environmental quality and sustainability. To this end, eco‐innovation, green trade openness (GTO), and carbon price have been recognized as effective tools for environmental mitigation and promotion of green growth (GG) in the core of COP 26, Sustainable Development Goals 2030, and Carbon Neutrality by 2060. Considering this, the aim of this study is to investigate the influence of eco‐innovation, GTO, and carbon price on GG and low‐carbon emissions in emerging economies over the period 1996–2021. The current study provides a standard green Solow growth model by introducing a new GG index using the entropy weight method. This index incorporates 30 indicators across five dimensions which emphasizes the essential roles of the investigated factor. Additionally, the current study provides a new index for GTO utilizing an extensive green trading basket of 255 commodities. Due to the cross‐sectional dependency, and slope heterogeneity in the models, this study used dynamic heterogeneous panel data estimation techniques that is, cross‐sectional based augmented nonlinear autoregressive distributed lag, and nonlinear augmented mean group to probe the asymmetric effects. The outcomes from the empirical analysis reveal that positive shocks in environmental innovation, GTO, carbon price, and green energy mitigate carbon emissions and promote green economic growth while the negative shocks in these variables cause environmental degradation and reduce GG in emerging economies. Finally, from policy insight, this study suggests that policy makers in emerging economies should invigorate GTO, stimulate environmental innovation and green energy, implement carbon price mechanisms, and establish a balance between environmental protection and economic growth.

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Section: Resultssupporting

confidence: 57%

Section: Literature Reviewmentioning

confidence: 99%

Toward low‐carbon emissions and green growth for sustainable development in emerging economies: Do green trade openness, eco‐innovation, and carbon price matter?

Tariq

Ullah

et al. 2023

Sustainable Development

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“…The variable used to represent the GG is selected when the studies in the literature are evaluated based on the data availability criterion for the country group at the relevant time, in accordance with Wei et al ( 2023 ) and Danish and Ulucak ( 2020 ).…”

Section: Dataset and Methodologymentioning

confidence: 99%

Determining the green technology innovation accelator and natural resources towards decarbonization for the EU countries: evidence from MMQR

Cutcu,

Cil,

Karis

et al. 2024

Environ Sci Pollut Res

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Gearing up for green technology innovation (GTI) and natural resources has become even more important in the transition to a zero-emission life, a green economy, and sustainable development goals. This attempt has become a situation that needs to be overpowered much sooner by the European countries, which have encountered challenges in many ways, especially regarding natural resources, energy supply, and the climate crisis. In this vein, the current study follows the novel, robust Method of Moment Quantile-Regression (MM-QR), which successfully yields heterogeneous information structure across quantiles, to examine the determinants of GTI for 15 EU countries over the period of 2003–2018. MM-QR estimation results indicate that the determinants of green technology innovation are heterogeneous across the EU countries. While green growth (GG) has an adverse impact on GTI in middle- and high-GTI countries, the effect of ecological footprint on GTI is positive for countries in the highest-GTI countries. The positive effects of financial development (FD) on GTI are revealed for all countries. Remarkably, environmental taxes have an adverse and positive influence on GTI in the lowest and highest quantile countries, respectively. Finally, renewable energy and greenfield FDI have no effect on GTI. Governments can promote GTI by providing financial resources, in the most immaculate way, to firms that engage in green technology projects, as well as by encouraging these through environmental taxes.

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“…Similarly, Wei et al (2023) argued that the environmental quality of most green economies is significantly improved through ET improvement. Chen et al (2023b) found that ETs significantly help improve the environmental quality of G7 countries.…”

Section: Empirical Literature and Hypothesis Development 221 Environm...mentioning

confidence: 99%

The heterogeneous impacts of environmental technologies and research and development spending on green growth in emerging economies: the moderating role of financial globalization

Borojo

2024

Front. Environ. Sci.

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Introduction: Understanding the heterogeneous impacts of environmental technologies (ETs), research and development (RD) spending and financial globalization (FG) on green economic growth (GEG) is worthwhile to promote progress toward GEG. Besides, exploring the moderating role of FG is essential to uncover the nuanced dynamics that shape the relationship between ET, RD, GEG, and the influence of global financial integration. Thus, this study examines the effects of ET, RD and FD on GEG in emerging market economies (EMEs). In addition, we investigate the moderating role of FG on the effects of ETs and RD on GEG.Methods: The method of moments quantile regression (MMQR) is applied using a fixed effects model that can capture distributional heterogeneity and nonnormality concerns for the panel of 25 EMEs from 2000 to 2019. In addition, other alternative models are applied to conduct robustness analysis. We use green total factor productivity (GP) to proxy for GEG using the Malmquist–Luenberger Productivity Index (MLPI) strategy based on the directional distance function (DDF).Results and discussion: The findings imply that ETs significantly impact GEG, revealing evidence that promoting environmental innovation positively contributes to GEG progress in EMEs. Likewise, RD promotes GEG progression in EMEs. Additionally, FG positively impacts GEG. FG also positively moderates the effects of ETs and RD on GEG, implying that countries open to FG can better harness the positive roles of investment in ETs and RD on GEG in EMEs. Therefore, policymakers should develop prudent policies to encourage ETs and RD to promote GEG in EMEs, which aligns with the goals of controlling climate variation (SDG-13) and fostering innovation (SDG-9) to promote GEG in EMEs.

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The impact of renewable energy transition, green growth, green trade and green innovation on environmental quality: Evidence from top 10 green future countries

Abstract: Graphical AbstractGraphical illustration of D-H panel test.

Cited by 33 publications

References 108 publications

Toward low‐carbon emissions and green growth for sustainable development in emerging economies: Do green trade openness, eco‐innovation, and carbon price matter?

Toward low‐carbon emissions and green growth for sustainable development in emerging economies: Do green trade openness, eco‐innovation, and carbon price matter?

Determining the green technology innovation accelator and natural resources towards decarbonization for the EU countries: evidence from MMQR

The heterogeneous impacts of environmental technologies and research and development spending on green growth in emerging economies: the moderating role of financial globalization

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