期刊
SUSTAINABILITY
卷 14, 期 17, 页码 -出版社
MDPI
DOI: 10.3390/su141710950
关键词
financial efficiency; eco-innovation; CO2 emissions; renewable energy consumption
The analysis examined the impact of eco-innovation and financial efficiency on CO2 emissions and renewable energy consumption in highly polluted Asian economies. The results suggest that environmental innovations facilitate renewable energy consumption and reduce CO2 emissions, while the efficiency of financial institutions and markets increases renewable energy consumption and decreases CO2 emissions.
The analysis aims to examine the impact of eco-innovation and financial efficiency on CO2 emissions and renewable energy consumption in highly polluted Asian economies, including China, India, Russia, and Japan. For empirical analysis, we have applied the ARDL pooled mean group (ARDL-PMG) model. The long-run estimated coefficient of environmental innovations is positively significant in both renewable energy models and negatively significant in the CO2 emissions model. These results imply that environmental innovations help facilitate renewable energy consumption and reduce CO2 emissions. On the other side, the estimates of financial development are insignificant in both renewable energy and CO2 emissions models. However, the estimates of financial institution efficiency and financial markets are positively significant in both renewable energy and CO2 emissions models, implying that financial institutions and market efficiency increase renewable energy consumption and decrease CO2 emissions.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据