Do green finance, green technology innovation, and institutional quality help achieve environmental sustainability? Evidence from the developing economies
National Institute of Technology Rourkela
Abstract
Abstract One possible way to achieve sustainable economic growth is by limiting carbon dioxide (CO 2 ) 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 CO 2 emissions for 25 select developing countries from 1998 to 2019. This study uses the Driscoll‐Kraay and two‐step SGMM estimators to assess the…
Citation impact
- FWCI
- 110.90
- Percentile
- 100%
- References
- 80
Authors
3Topics & keywords
- Sustainability
- Green growth
- Endogeneity
- Natural resource economics
- Business
- Economics
- Renewable energy
- Developing country