Pathway towards Sustainability in Selected Asian Countries: Influence of Green Investment, Technology Innovations, and Economic Growth on CO2 Emission

Green investment and technology innovations are generally considered as an effective factor to mitigate CO2 emissions as these enhance cleaner production and energy efficacy. Thus, this study investigated the influence of green investment, technology innovations, and economic growth on CO2 emissions...

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Autores principales:	Rundong Luo, Sami Ullah, Kishwar Ali
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	green investment technology innovations economic growth CO2 emission Asia Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/43aa7a0359d047fcb9b3760ef95eb119
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spelling	oai:doaj.org-article:43aa7a0359d047fcb9b3760ef95eb1192021-11-25T19:05:07ZPathway towards Sustainability in Selected Asian Countries: Influence of Green Investment, Technology Innovations, and Economic Growth on CO2 Emission10.3390/su1322128732071-1050https://doaj.org/article/43aa7a0359d047fcb9b3760ef95eb1192021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/22/12873https://doaj.org/toc/2071-1050Green investment and technology innovations are generally considered as an effective factor to mitigate CO2 emissions as these enhance cleaner production and energy efficacy. Thus, this study investigated the influence of green investment, technology innovations, and economic growth on CO2 emissions in selected Asian countries for the period 2001 to 2019. The Cross-Section dependency (CSD) signified the cross-section dependence in the panel countries, whereas CIPS and CADF testing affirmed the stationarity of all variables at the first difference. Consequently, the Westerlund cointegration method recognized a long-term association among variables. The outcomes of Panel Fully Modified OLS and Panel Dynamic OLS results indicated that green investment and technology innovations are helpful in mitigating CO2 emissions in selected Asian countries. In addition, the Environmental Kuznets Curve (EKC) postulate is validated for the given time period and indicated inverted U-shaped linkages between the economic growth and CO2 emission. The outcomes of the remaining variables, including population growth, energy consumption, FDI inflow, and trade, are estimated to have an augmenting influence on CO2 emission. Our results regarding the FDI–CO2 emissions nexus support the presence of the pollution-haven hypothesis. Moreover, the estimated results from PFMOLS and PDOLS are validated by Granger Causality, and AMG and CCEMG tests. The study suggests the adoption of renewable sources as energy input and the promotion of innovations for energy efficiencies to reduce CO2 emissions in Asian economies.Rundong LuoSami UllahKishwar AliMDPI AGarticlegreen investmenttechnology innovationseconomic growthCO2 emissionAsiaEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12873, p 12873 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	green investment technology innovations economic growth CO2 emission Asia Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	green investment technology innovations economic growth CO2 emission Asia Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Rundong Luo Sami Ullah Kishwar Ali Pathway towards Sustainability in Selected Asian Countries: Influence of Green Investment, Technology Innovations, and Economic Growth on CO2 Emission
description	Green investment and technology innovations are generally considered as an effective factor to mitigate CO2 emissions as these enhance cleaner production and energy efficacy. Thus, this study investigated the influence of green investment, technology innovations, and economic growth on CO2 emissions in selected Asian countries for the period 2001 to 2019. The Cross-Section dependency (CSD) signified the cross-section dependence in the panel countries, whereas CIPS and CADF testing affirmed the stationarity of all variables at the first difference. Consequently, the Westerlund cointegration method recognized a long-term association among variables. The outcomes of Panel Fully Modified OLS and Panel Dynamic OLS results indicated that green investment and technology innovations are helpful in mitigating CO2 emissions in selected Asian countries. In addition, the Environmental Kuznets Curve (EKC) postulate is validated for the given time period and indicated inverted U-shaped linkages between the economic growth and CO2 emission. The outcomes of the remaining variables, including population growth, energy consumption, FDI inflow, and trade, are estimated to have an augmenting influence on CO2 emission. Our results regarding the FDI–CO2 emissions nexus support the presence of the pollution-haven hypothesis. Moreover, the estimated results from PFMOLS and PDOLS are validated by Granger Causality, and AMG and CCEMG tests. The study suggests the adoption of renewable sources as energy input and the promotion of innovations for energy efficiencies to reduce CO2 emissions in Asian economies.
format	article
author	Rundong Luo Sami Ullah Kishwar Ali
author_facet	Rundong Luo Sami Ullah Kishwar Ali
author_sort	Rundong Luo
title	Pathway towards Sustainability in Selected Asian Countries: Influence of Green Investment, Technology Innovations, and Economic Growth on CO2 Emission
title_short	Pathway towards Sustainability in Selected Asian Countries: Influence of Green Investment, Technology Innovations, and Economic Growth on CO2 Emission
title_full	Pathway towards Sustainability in Selected Asian Countries: Influence of Green Investment, Technology Innovations, and Economic Growth on CO2 Emission
title_fullStr	Pathway towards Sustainability in Selected Asian Countries: Influence of Green Investment, Technology Innovations, and Economic Growth on CO2 Emission
title_full_unstemmed	Pathway towards Sustainability in Selected Asian Countries: Influence of Green Investment, Technology Innovations, and Economic Growth on CO2 Emission
title_sort	pathway towards sustainability in selected asian countries: influence of green investment, technology innovations, and economic growth on co2 emission
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/43aa7a0359d047fcb9b3760ef95eb119
work_keys_str_mv	AT rundongluo pathwaytowardssustainabilityinselectedasiancountriesinfluenceofgreeninvestmenttechnologyinnovationsandeconomicgrowthonco2emission AT samiullah pathwaytowardssustainabilityinselectedasiancountriesinfluenceofgreeninvestmenttechnologyinnovationsandeconomicgrowthonco2emission AT kishwarali pathwaytowardssustainabilityinselectedasiancountriesinfluenceofgreeninvestmenttechnologyinnovationsandeconomicgrowthonco2emission
_version_	1718410337016872960

Pathway towards Sustainability in Selected Asian Countries: Influence of Green Investment, Technology Innovations, and Economic Growth on CO2 Emission

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