Journal
ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA
Volume -, Issue -, Pages -Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/1331677X.2022.2130389
Keywords
Green financing; green innovations; environmental sustainability; CS-ARDL
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This research examines the role of green financing (GFIN) and green technologies in dealing with carbon neutrality in G10 economies from 2000 through 2018. The results show that GFIN and technologies promote carbon neutrality and support the validity of the Environmental Kuznets Curve.
There is a notion that finance plays a crucial role in anthropogenic; however, the emerging trends have been observed to incorporate environmental concerns into sustainable financing. Moreover, technological innovations tend to help in achieving carbon neutrality. This research examines the role of green financing (GFIN) and green technologies in dealing with carbon neutrality in G10 economies from 2000 through 2018. Advanced panel estimations; Cross-Sectional ARDL, cross-sectional dependence, unit root test with and without structural breaks, slope homogeneity, and panel cointegration has applied. The long- and short-run estimates confirm that GFIN and technologies promote carbon neutrality. Moreover, the long-run results endorse the validity of the Environmental Kuznets Curve. Similar findings are observed in the short run except for EKC; however, their marginal contribution toward carbon neutrality is relatively higher in the long run. Moreover, the negative sign of the error correction term endorses convergence towards steady-state equilibrium. These results are endorsed by alternative estimators and offer valuable recommendations.
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