Staff View: Understanding the importance of sustainable ecological innovation in reducing carbon emissions: Investigating the green energy demand, financial development, natural resource management, industrialisation and urbanisation channels

Understanding the importance of sustainable ecological innovation in reducing carbon emissions: Investigating the green energy demand, financial development, natural resource management, industrialisation and urbanisation channels

Humanity is in more danger from escalating greenhouse gas (G.H.G.) emissions, making the world warmer. The study examined the relationship between China’s environmental technologies, ecological innovation, and carbon emissions using time-series data from 1975 to 2020. The N.A.R.D.L. approach is used...

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Main Authors:	Shang, Meng, Ma, Zhenzhong, Su, Yanzhi, Shaheen, Fiza, Khan, Haroon ur Rashid, Mohd. Tahir, Lokman, Sasmoko, Sasmoko, Anser, Muhammad Khalid, Zaman, Khalid
Format:	Article
Language:	English
Published:	Taylor and Francis Ltd. 2023
Subjects:	H Social Sciences (General)
Online Access:	http://eprints.utm.my/106581/1/LokmanMohdTahir2023_UnderstandingTheImportanceOfSustainableEcologicalInnovation.pdf http://eprints.utm.my/106581/ http://dx.doi.org/10.1080/1331677X.2022.2137823
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id	my.utm.106581
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spelling	my.utm.1065812024-07-09T07:48:50Z http://eprints.utm.my/106581/ Understanding the importance of sustainable ecological innovation in reducing carbon emissions: Investigating the green energy demand, financial development, natural resource management, industrialisation and urbanisation channels Shang, Meng Ma, Zhenzhong Su, Yanzhi Shaheen, Fiza Khan, Haroon ur Rashid Mohd. Tahir, Lokman Sasmoko, Sasmoko Anser, Muhammad Khalid Zaman, Khalid H Social Sciences (General) Humanity is in more danger from escalating greenhouse gas (G.H.G.) emissions, making the world warmer. The study examined the relationship between China’s environmental technologies, ecological innovation, and carbon emissions using time-series data from 1975 to 2020. The N.A.R.D.L. approach is used to examine the cointegration of variables in the short and long run. In the short run, environmental technologies, industrialisation (I.N.D.), positive shocks to natural resource depletion (N.R.D.), negative shocks to renewable energy (R.E.) use, and technical advancements affect carbon emissions. On the other hand, positive shocks to environmental technologies and financial development (F.D.), negative shocks to N.R.D., R.E. consumption (E.C.), and technical innovation all have a long-term effect on carbon emissions. Granger causality was used to examine the causal link between variables. According to the findings, environmental technologies, F.D., technical innovation, N.R.D., and economic growth (E.G.) cause carbon emissions. The impulse response function revealed an inverse link between asymmetric environmental technology and carbon emissions. In contrast, F.D. and N.R.D. directly affect environmental degradation over time. The outcome of the variance decomposition revealed that negative shocks of F.D. would likely exert greater pressure on achieving sustainable environmental agenda. Investment in environmental technology, F.D., technological innovation and R.E. should be encouraged by the Chinese government to achieve sustainable prosperity. Taylor and Francis Ltd. 2023 Article PeerReviewed application/pdf en http://eprints.utm.my/106581/1/LokmanMohdTahir2023_UnderstandingTheImportanceOfSustainableEcologicalInnovation.pdf Shang, Meng and Ma, Zhenzhong and Su, Yanzhi and Shaheen, Fiza and Khan, Haroon ur Rashid and Mohd. Tahir, Lokman and Sasmoko, Sasmoko and Anser, Muhammad Khalid and Zaman, Khalid (2023) Understanding the importance of sustainable ecological innovation in reducing carbon emissions: Investigating the green energy demand, financial development, natural resource management, industrialisation and urbanisation channels. Economic Research-Ekonomska Istrazivanja, 36 (2). pp. 1-40. ISSN 1331-677X http://dx.doi.org/10.1080/1331677X.2022.2137823 DOI : 10.1080/1331677X.2022.2137823
institution	Universiti Teknologi Malaysia
building	UTM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Malaysia
content_source	UTM Institutional Repository
url_provider	http://eprints.utm.my/
language	English
topic	H Social Sciences (General)
spellingShingle	H Social Sciences (General) Shang, Meng Ma, Zhenzhong Su, Yanzhi Shaheen, Fiza Khan, Haroon ur Rashid Mohd. Tahir, Lokman Sasmoko, Sasmoko Anser, Muhammad Khalid Zaman, Khalid Understanding the importance of sustainable ecological innovation in reducing carbon emissions: Investigating the green energy demand, financial development, natural resource management, industrialisation and urbanisation channels
description	Humanity is in more danger from escalating greenhouse gas (G.H.G.) emissions, making the world warmer. The study examined the relationship between China’s environmental technologies, ecological innovation, and carbon emissions using time-series data from 1975 to 2020. The N.A.R.D.L. approach is used to examine the cointegration of variables in the short and long run. In the short run, environmental technologies, industrialisation (I.N.D.), positive shocks to natural resource depletion (N.R.D.), negative shocks to renewable energy (R.E.) use, and technical advancements affect carbon emissions. On the other hand, positive shocks to environmental technologies and financial development (F.D.), negative shocks to N.R.D., R.E. consumption (E.C.), and technical innovation all have a long-term effect on carbon emissions. Granger causality was used to examine the causal link between variables. According to the findings, environmental technologies, F.D., technical innovation, N.R.D., and economic growth (E.G.) cause carbon emissions. The impulse response function revealed an inverse link between asymmetric environmental technology and carbon emissions. In contrast, F.D. and N.R.D. directly affect environmental degradation over time. The outcome of the variance decomposition revealed that negative shocks of F.D. would likely exert greater pressure on achieving sustainable environmental agenda. Investment in environmental technology, F.D., technological innovation and R.E. should be encouraged by the Chinese government to achieve sustainable prosperity.
format	Article
author	Shang, Meng Ma, Zhenzhong Su, Yanzhi Shaheen, Fiza Khan, Haroon ur Rashid Mohd. Tahir, Lokman Sasmoko, Sasmoko Anser, Muhammad Khalid Zaman, Khalid
author_facet	Shang, Meng Ma, Zhenzhong Su, Yanzhi Shaheen, Fiza Khan, Haroon ur Rashid Mohd. Tahir, Lokman Sasmoko, Sasmoko Anser, Muhammad Khalid Zaman, Khalid
author_sort	Shang, Meng
title	Understanding the importance of sustainable ecological innovation in reducing carbon emissions: Investigating the green energy demand, financial development, natural resource management, industrialisation and urbanisation channels
title_short	Understanding the importance of sustainable ecological innovation in reducing carbon emissions: Investigating the green energy demand, financial development, natural resource management, industrialisation and urbanisation channels
title_full	Understanding the importance of sustainable ecological innovation in reducing carbon emissions: Investigating the green energy demand, financial development, natural resource management, industrialisation and urbanisation channels
title_fullStr	Understanding the importance of sustainable ecological innovation in reducing carbon emissions: Investigating the green energy demand, financial development, natural resource management, industrialisation and urbanisation channels
title_full_unstemmed	Understanding the importance of sustainable ecological innovation in reducing carbon emissions: Investigating the green energy demand, financial development, natural resource management, industrialisation and urbanisation channels
title_sort	understanding the importance of sustainable ecological innovation in reducing carbon emissions: investigating the green energy demand, financial development, natural resource management, industrialisation and urbanisation channels
publisher	Taylor and Francis Ltd.
publishDate	2023
url	http://eprints.utm.my/106581/1/LokmanMohdTahir2023_UnderstandingTheImportanceOfSustainableEcologicalInnovation.pdf http://eprints.utm.my/106581/ http://dx.doi.org/10.1080/1331677X.2022.2137823
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score	13.211869

Understanding the importance of sustainable ecological innovation in reducing carbon emissions: Investigating the green energy demand, financial development, natural resource management, industrialisation and urbanisation channels

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