The role of institutional quality, renewable energy development and trade openness in green finance: Empirical evidence from South Asian countries

Xu, Jia; Moslehpour, Massoud; Tran, Trung Kien; Dinh, Khai Cong; Ngo, Thanh Quang; Huy, Pham Quang

doi:10.1016/j.renene.2023.03.015

Cited by 23 publications

(9 citation statements)

References 35 publications

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“…Thus, from the negative interaction effect, it can be inferred that institutional quality has the potential to augment the mitigation effectiveness of green finance on CO 2 emissions, thereby improving environmental quality. This corresponds with the study by Xu et al (2023).…”

Section: Discussionsupporting

confidence: 89%

Do green finance, green technology innovation, and institutional quality help achieve environmental sustainability? Evidence from the developing economies

Sethi,

Behera,

Sethi

2023

Sustainable Development

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One possible way to achieve sustainable economic growth is by limiting carbon dioxide (CO2) emissions. The developing countries, in particular, which significantly contribute to global carbon dioxide emissions, need a paradigm shift towards sustainable production and consumption to achieve economic growth while ensuring environmental sustainability. This study thus analyzes the role of green technology innovation, green finance, renewable energy use, institutional quality, and agricultural value added in attaining environmental sustainability by abating CO2 emissions for 25 select developing countries from 1998 to 2019. This study uses the Driscoll‐Kraay and two‐step SGMM estimators to assess the impact of independent variables on the response variable, acknowledging the endogeneity problem in the model. The empirical findings reveal that green finance, green technology innovation, and institutional quality induce CO2 emissions, whereas agricultural value‐added and renewable energy use are observed to have detrimental effects on CO2 emissions. Moreover, the moderation effect of green technology innovation and institutional quality with green finance is observed to have a weak and insignificant impact on CO2 emissions. The study thus recommends that developing countries enforce policies to promote investments and innovation in the clean energy sector to attain sustainable development goals by mitigating carbon emissions.

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Section: Discussionsupporting

confidence: 89%

Do green finance, green technology innovation, and institutional quality help achieve environmental sustainability? Evidence from the developing economies

Sethi,

Behera,

Sethi

2023

Sustainable Development

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“…It would be interesting to see how socio-technical (counter) imaginaries develop in connection with BRI–CPEC’s clean energy projects. Elsewhere, scholars have highlighted Chinese investments and initiatives on clean energy around the world (e.g., Kirshner et al., 2019; Power et al., 2016; Shen and Power, 2017; Xu, 2023). Our focus, however, is limited to the political ecology of Tharparkar’s coal frontier.…”

Section: Rancière Political Communication and Sociotechnical Imaginariesmentioning

confidence: 99%

Energizing dissensus: Socio-technical (counter) imaginaries along the China–Pakistan Economic Corridor

Mehmood,

Cousins

2024

Environ Plan D

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The China–Pakistan Economic Corridor is a featured project of China’s Belt and Road Initiative that is creating new resource frontiers in Tharparkar, Pakistan. Centered around coal mining and energy production, these new sites of resource extraction and their infrastructures have sparked dissensus throughout the Desert district of Sindh, Pakistan. Our analysis draws on research on socio-technical imaginaries and Rancière’s thoughts on political change and aesthetics. In doing so, we examine how political dissensus is represented though graffiti and works in contrast to the socio-technical imaginaries represented by the state in public signage. The differences, we suggest, represent socio-technical counter imaginaries that form a politics that disrupts the established socio-political order embedded within the political goals of the China–Pakistan Economic Corridor. These counter imaginaries have important implications for the creation of just and equitable opportunities for people impacted by the emerging coal extraction and power generation complex. Our ethnographic approach provides a street-level analysis of the politicization of imagined socio-technical futures in the Tharparkar desert and emerging energy resource frontiers.

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“… Zheng et al, [ 45 ] 1990–2018 N-11 countries CS-ARDL method NAT, HC, URB, and IQ have a positive effect on the environment Ren, [ 46 ] 1995–2018 Next Eleven nations (N-11) CS-ARDL method IQ and RE mitigate the CO2 Liu et al, [ 47 ] 1996–2020 China ARDL Environmental impact is considerably reduced when high-quality institutions and renewable energy sources are used. Amin et al, [ 48 ] 2008–2020 10 European nations System GMM natural resources, institutional quality, trade openness, and FDI have a substantial impact on economic development Xu et al, [ 49 ] 2001–2019 24 African nations CCEMG and AMG test eco-friendly technical advancement and institutional quality reduces CO2 Shabaz et al, [ 50 ] 1960–2020 South Africa autoregressive distributed lag (ARDL) simulation energy consumption, FDI, and industrial value-added contribute to ecological deterioration Shabir et al [ 33 ] 1960–2020 BRICS countries CS-ARDL Approach Environmental policy, green innovation, and RERD help to reduce CO2 emissions Makhdum et al, [ 26 ] 2000–2017 China QARDL Approach Connection between ecological footprints and eco-innovation, green funding, and environmental policy strictness Jahanger et al, [ 21 ] …”

Section: Literature Reviewmentioning

confidence: 99%

Exploring the impact of social capital, institutional quality and political stability on environmental sustainability: New insights from NARDL-PMG

Guan,

Ali,

Uktamov

2024

Heliyon

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The role of institutional quality, renewable energy development and trade openness in green finance: Empirical evidence from South Asian countries

Cited by 23 publications

References 35 publications

Do green finance, green technology innovation, and institutional quality help achieve environmental sustainability? Evidence from the developing economies

Do green finance, green technology innovation, and institutional quality help achieve environmental sustainability? Evidence from the developing economies

Energizing dissensus: Socio-technical (counter) imaginaries along the China–Pakistan Economic Corridor

Exploring the impact of social capital, institutional quality and political stability on environmental sustainability: New insights from NARDL-PMG

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