气候变化领域集成服务门户(CCPortal): The role of green finance in mitigating environmental degradation: Empirical evidence and policy implications from complex economies

CCPortal

DOI	10.1016/j.jclepro.2023.136693
	The role of green finance in mitigating environmental degradation: Empirical evidence and policy implications from complex economies
	Numan, Umar; Ma, Benjiang; Sadiq, Muhammad; Bedru, Hayat Dino; Jiang, Can
发表日期	2023
ISSN	0959-6526
EISSN	1879-1786
卷号	400
英文摘要	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 in-novations, 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.
英文关键词	Green finance; Economic complexity; Environment protection; Environmental degradation; Complex economies
语种	英语
WOS研究方向	Green & Sustainable Science & Technology ; Engineering, Environmental ; Environmental Sciences
WOS类目	Science Citation Index Expanded (SCI-EXPANDED)
WOS记录号	WOS:000951927100001
来源期刊	JOURNAL OF CLEANER PRODUCTION
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/281268
作者单位	Central South University; Central South University; Xi'an Jiaotong University
推荐引用方式 GB/T 7714	Numan, Umar,Ma, Benjiang,Sadiq, Muhammad,et al. The role of green finance in mitigating environmental degradation: Empirical evidence and policy implications from complex economies[J],2023,400.
APA	Numan, Umar,Ma, Benjiang,Sadiq, Muhammad,Bedru, Hayat Dino,&Jiang, Can.(2023).The role of green finance in mitigating environmental degradation: Empirical evidence and policy implications from complex economies.JOURNAL OF CLEANER PRODUCTION,400.
MLA	Numan, Umar,et al."The role of green finance in mitigating environmental degradation: Empirical evidence and policy implications from complex economies".JOURNAL OF CLEANER PRODUCTION 400(2023).