From brown to green: are Asian economies on the right path? Assessing the role of green innovations and geopolitical risk on environmental quality.

Autor: Khan KA; School of Business, Xi'an International University, Xi'an, 710077, China.; School of Commerce and Management Studies, Sunrise University, Alwar, Rajasthan, India., Cong PT; Faculty of Economics, Thuongmai University, Hanoi, Vietnam., Thang PD; International Francophone Institute, Vietnam National University, Hanoi, Vietnam., Uyen PTM; Faculty of Mathematical Economics, Thuongmai University, Hanoi, Vietnam. uyenptm@tmu.edu.vn., Anwar A; UCSI Graduate Business School, UCSI University, Kuala Lumpur, Malaysia.; European University of Lefke, Lefke, Northern Cyprus, TR-10 Mersin, Turkey., Abbas A; National College of Business Administration and Economics, Lahore, Pakistan.
Jazyk: angličtina
Zdroj: Environmental science and pollution research international [Environ Sci Pollut Res Int] 2024 Jan 17. Date of Electronic Publication: 2024 Jan 17.
DOI: 10.1007/s11356-023-31613-2
Abstrakt: Preserving the sustainability of the natural environment has emerged as a critical focus on policy agendas worldwide. Therefore, this study examines the relationship between environmental quality and key determinants, focusing on geopolitical risk (GPR), green innovations (GI), economic growth, FDI, renewable energy consumption, and urbanization. Dataset is used for the time period of 1990-2020 across selected Asian economies including China, India, Japan, Malaysia, and South Korea. Using load capacity factor (LCF) as a comprehensive proxy for environmental quality, the research utilizes panel quantile regression (QR) to provide empirical outcomes. Results of panel QR method reveal a negative impact of economic growth and GPR on LCF. On the other hand, green innovation, FDI, and renewable energy are found as supportive factors to boost environmental quality. In addition, urbanization also shows positive linkage with LCF. The application of Fully Modified Ordinary Least Squares (FMOLS) and Dynamic Ordinary Least Squares (DOLS) further validates the robustness of the findings. Adoption of green innovations, practicing sustainable growth patterns, transition toward cleaner energy practices, and integrated urban planning are advocated to enhance environmental quality among Asian nations. Based on empirical findings study suggests comprehensive policy measures that can help in achieving sustainable development goals (SDGs) including SDG-7 (energy efficiency), SDG-8 (sustainable economic growth), SDG-11 (sustainable cities), and SDG-13 (climate action) among Asian countries.
(© 2024. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)
Databáze: MEDLINE
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