Financial Efficiency and Its Impact on Renewable Energy Demand and CO2 Emissions: Do Eco-Innovations Matter for Highly Polluted Asian Economies?

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dc.contributor.authorHafeez, Muhammad
dc.contributor.authorRehman, Saif Ur
dc.contributor.authorFaisal, C. M. Nadeem
dc.contributor.authorYang, Juan
dc.contributor.authorUllah, Sana
dc.contributor.authorKaium, Md. Abdul
dc.contributor.authorMalik, Muhammad Yousaf
dc.date.accessioned2022-10-04T16:23:09Z
dc.date.available2022-10-04T16:23:09Z
dc.date.copyright© 2022
dc.date.issued2022-09
dc.description.abstractThe analysis aims to examine the impact of eco-innovation and financial efficiency on CO2 emissions and renewable energy consumption in highly polluted Asian economies, including China, India, Russia, and Japan. For empirical analysis, we have applied the ARDL pooled mean group (ARDL-PMG) model. The long-run estimated coefficient of environmental innovations is positively significant in both renewable energy models and negatively significant in the CO2 emissions model. These results imply that environmental innovations help facilitate renewable energy consumption and reduce CO2 emissions. On the other side, the estimates of financial development are insignificant in both renewable energy and CO2 emissions models. However, the estimates of financial institution efficiency and financial markets are positively significant in both renewable energy and CO2 emissions models, implying that financial institutions and market efficiency increase renewable energy consumption and decrease CO2 emissions. © 2022 by the authors.
dc.identifier.citationHafeez, M., Rehman, S. U., Faisal, C. M. N., Yang, J., Ullah, S., Kaium, M. A., & Malik, M. Y. (2022). Financial efficiency and its impact on renewable energy demand and CO2 emissions: Do eco-innovations matter for highly polluted Asian economies? Sustainability (Switzerland), 14(17). https://doi.org/10.3390/su141710950
dc.identifier.issn20711050
dc.identifier.urihttps://doi.org/10.3390/su141710950
dc.identifier.urihttp://hdl.handle.net/20.500.12519/709
dc.language.isoen_US
dc.publisherMDPI
dc.relationAuthors Affiliations : Hafeez, M., Institute of Business Management Sciences, University of Agriculture, Faisalabad, 38040, Pakistan; Rehman, S.U., Faculty of Management, Canadian University Dubai, Dubai, 415053, United Arab Emirates; Faisal, C.M.N., Department of Computer Science, National Textile University, Faisalabad, 37610, Pakistan; Yang, J., Chinese Academy of Sciences and Technology for Development, Beijing, 100038, China; Ullah, S., School of Economics, Quaid-i-Azam University, Islamabad, 15320, Pakistan; Kaium, M.A., Department of Marketing, University of Barishal, Barishal, 8254, Bangladesh; Malik, M.Y., Institute of Business Management Sciences, University of Agriculture, Faisalabad, 38040, Pakistan
dc.relation.ispartofseriesSustainability (Switzerland); Volume 14, Issue 17
dc.rightsCreative Commons Attribution 4.0 International (CC BY 4.0) License
dc.rights.holderCopyright : © 2022 by the authors.
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjectCO2 emissions
dc.subjecteco-innovation
dc.subjectfinancial efficiency
dc.subjectrenewable energy consumption
dc.titleFinancial Efficiency and Its Impact on Renewable Energy Demand and CO2 Emissions: Do Eco-Innovations Matter for Highly Polluted Asian Economies?
dc.typeArticle

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