1. A step towards environmental mitigation: Do green technological innovation and institutional quality make a difference?
- Author
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Amin, Nabila, Shabbir, Muhammad Salman, Song, Huaming, Farrukh, Muhammad Umar, Iqbal, Shahid, and Abbass, Kashif
- Subjects
CARBON emissions ,GREEN technology ,SUSTAINABLE development ,RENEWABLE energy industry ,HETEROGENEITY ,ECONOMIC development - Abstract
South Asian economies have had substantial development in recent decades, but policymakers are concerned about long-term output stability. Considering this, institutional quality and green technical innovation are recognized as effective mechanisms to mitigate CO 2 emissions and promote sustainable growth as guided in core of COP 26. Consequently, the goal of this study is to investigate the long-run effect of institutional quality, green technology innovation, renewable energy, trade openness, population and economic growth on CO 2 emissions from 1995 to 2020 in selected South Asian countries. Due to the possibility of residual cross-sectional reliance and heterogeneity, the study examined the relationship between the variables using second-generation panel techniques. The empirical findings show that green technological innovation and renewable energy reduce CO 2 emissions by 0.084% and 0.054% respectively. Institutional quality, population growth, trade openness and economic growth degrade the environment 0.215%, 0.300%, 0.195% and 0.182% respectively. Dumitrescu and Hurlin (D-H) found a bidirectional causality association between green technological innovation, renewable energy consumption, trade openness, population size, economic growth, and CO 2 emissions. This study offers policy recommendations for achieving a low-carbon economy, increasing the use of renewable energy, improving the institutions, making more investments in green technology, and ensuring environmental sustainability in South Asian economies. • Investigate the relationship between institutional quality, green technological innova-tion and CO 2 emissions. • A second-generation panel technique is used in this study. • Green technological innovation and renewable energy mitigate CO 2 emissions. • Institutional quality and economic growth degrade the environment. • Trade openness and population growth significantly increase CO 2 emissions. • This study also contributes to the body of literature by considering the COP 26 resolu-tions. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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