| Title | Receiver or transmitter? Unlocking the role of green technology innovation in sustainable development, energy, and carbon markets |
|---|---|
| ID_Doc | 30588 |
| Authors | Wang, KH; Wen, CP; Xu, BC; Li, X |
| Title | Receiver or transmitter? Unlocking the role of green technology innovation in sustainable development, energy, and carbon markets |
| Year | 2024 |
| Published | |
| Abstract | In the context of sustainable development, the energy crisis and the volatile carbon trading markets have made the integration of green technology increasingly essential. This study explores the spillover effects between green technology innovation (GTI), oil price, clean energy (CE), carbon emissions trading prices (CETP), and sustainable development (SD) using quantile connectedness. The static analysis reveals that the connectedness relationship in extreme quantiles is remarkably more related than the middle quantile. The dynamic results indicate that major events significantly strengthen the overall risk correlation, but spillover effects are asymmetric under different quantiles. Further analysis under extreme market conditions demonstrates that SD and CE have produced a continuous and steady risk spillover to GTI, while CETP increased the risk transmission to GTI following the COVID-19 pandemic. This research underscores the significance of coordinating the development of GTI, energy, carbon markets, and SD by investigating risk contagion mechanisms in various market scenarios. In terms of policy implications, the findings indicate that stable energy system and reasonable carbon prices can stimulate the advancement of GTI. |
Similar Articles
| ID | Score | Article |
|---|---|---|
30536
|
Wang, KH; Wen, CP; Long, H; Moldovan, NC Towards sustainable development: Exploring the spillover effects of green technology innovation on energy markets and economic cycles(2024) | |
| 30213
|
Teng, CM; Wang, BY; Ali, S; Nazar, R Investing for a Greener Future: Asymmetric Nexus between Green Finance and Renewable Energy Technology Innovation(2023)Energy Technology, 11, 10 | |
| 62512
|
Dai, ZG Exploring the synergies between digital finance and clean energy: a case study of green bond spillover effects(2023)Environmental Science And Pollution Research, 30, 44 | |
| 4039
|
Chishti, MZ; Dogan, E; Zaman, U Full-length Effects of the circular economy, environmental policy, energy transition, and geopolitical risk on sustainable electricity generation(2023) | |
| 35737
|
Jiu, J; Ali, S; Nazar, R; Khan, AI Breaking barriers to climate finance: Asymmetric nexus between green investment and energy innovation in Europe(2024)Heliyon, 10, 3 | |
| 30439
|
Habiba, U; Xinbang, C; Anwar, A Do green technology innovations, financial development, and renewable energy use help to curb carbon emissions?(2022) | |
| 30725
|
Razzaq, A; Wang, YF; Chupradit, S; Suksatan, W; Shahzad, F Asymmetric inter-linkages between green technology innovation and consumption-based carbon emissions in BRICS countries using quantile-on-quantile framework(2021) | |
| 30814
|
Mighri, Z; Sarkodie, SA Interdependency and causality between green technology innovation and consumption-based carbon emissions in Saudi Arabia: fresh insights from quantile-on-quantile and causality-in-quantiles approaches(2024)Environmental Science And Pollution Research, 31, 6 | |
| 35808
|
Sharif, A; Mehmood, U; Tiwari, S A step towards sustainable development: role of green energy and environmental innovation(2024)Environment Development And Sustainability, 26, 4 | |
| 62382
|
Mnif, E; Jarboui, A; Mouakhar, K Strategic insights into carbon markets, digital finance and geopolitical risks for advancing green sustainability investments(2024) |