| Title | Greening the future: assessing the influence of technological innovation, energy transition and financial globalization on ecological footprint in selected emerging countries |
|---|---|
| ID_Doc | 32464 |
| Authors | Sibt-e-Ali, M; Xia, XQ; Javed, K; Javaid, MQ; Vasa, L |
| Title | Greening the future: assessing the influence of technological innovation, energy transition and financial globalization on ecological footprint in selected emerging countries |
| Year | 2024 |
| Published | |
| Abstract | Environmental dangers have escalated due to human ecological pressure during the past few decades. This pressure can be measured by the environmental footprint (EFT) that humanity has left behind. At this point, the most effective methods for achieving sustainable development without causing damage to the environment include green technological innovation (TCH), climatic technology (CLT), energy transition (ENT), financial globalization (FGL), and economic growth. In light of this, the primary purpose of this research is to examine the impact of economic development, TCH, CLT, ENT, and FGL, as well as economic growth on the EFT in a selection of rising countries between the years 1990 and 2021. We use a unique DOLS and FMOLS model to analyze the relationships between the variables. In addition, the MMQR model is utilized in our research to validate the results produced using the DOLS and FMOLS methodologies. Through a reduction in the EFP, the findings indicate that TCH, CLT, and ENT all contribute significantly to an improvement in the quality of the environment. On the contrary, FGL, economic expansion, and urbanization all have a significant positive impact on EFT and contribute to climate degradation. Last but not least, the MMQR model's outcomes also demonstrated that TCH, CLT, ENT, FGL, urbanization, and economic expansion cause EFT. Based on the findings, it is recommended that governments and policymakers encourage investments in green innovation and renewable energy industries to attain ecological sustainability. |
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