生态足迹
复杂度
环境退化
气候金融
经济
气候变化
实证研究
可持续发展
财务
业务
自然资源经济学
环境经济学
环境资源管理
生态学
发展中国家
经济增长
哲学
认识论
生物
社会科学
社会学
作者
Umar Numan,Benjiang Ma,Muhammad Sadiq,Hayat Dino Bedru,Can Jiang
标识
DOI:10.1016/j.jclepro.2023.136693
摘要
The issue of climate change has garnered significant attention in recent years, with a growing recognition of the need to mitigate its negative impacts on the environment. However, despite the potential benefits of green finance in addressing climate change, there has been relatively little empirical work on its impact due to the lack of available data. This study aims to fill this gap by empirically analyzing the impact of green finance on the environment using panel data from thirteen complex economies from 2006 to 2020. This study employed a range of econometric techniques, including Driscoll-Kraay standard error and other robustness test models, to explore the relationships between ecological footprint, economic complexity index, green finance, technological innovations, and political risk. The study found that green finance and technological innovations effectively reduce the ecological footprint by 0.28% and 0.75%, respectively, and could help achieve a sustainable environment. However, economic complexity and political risk upsurge the ecological footprint by 0.75% and 0.78%, respectively, in the selected countries. Finally, depending on the empirical outputs, this paper suggested that governments should take action to reduce carbon footprints and protect the environment by investing in green finance projects, promoting economic diversity and technological sophistication, and creating a stable political environment.
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