Pathway to achieving carbon goal: Insight from interaction of export diversification, renewable energy, innovation, and financial policy

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dc.authoridRahman, Mohammad Mafizur/0000-0002-7950-1961
dc.authoridUdemba, Edmund Ntom/0000-0003-4191-0767
dc.contributor.authorUdemba, Edmund Ntom
dc.contributor.authorRahman, Mohammad Mafizur
dc.contributor.authorEkwueme, Daberechi
dc.contributor.authorPhilips, Lucy
dc.date.accessioned2024-09-11T19:50:17Z
dc.date.available2024-09-11T19:50:17Z
dc.date.issued2023
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractEven though China has mapped out different policies targeting the mitigation of its environmental degradation, the country still occupies the 1st position in the ranking of carbon emissions due to excessive utilization of non-renewable energy sources in its domestic economic activities. From a theoretical and empirical point of view, factors like economic growth, financial development, export diversification, technological innovation, and renewable energy can be considered to play a vital role in environmental quality. Therefore, this study exposes the environmental performance of China amidst export diversification, financial development, innovation, and clean energy use. Due to the non-availability of data, the annual data of China are converted to quarterly data from 1995Q1 to 2018Q4, and autoregressive distributed lag-(ARDL) and Granger causality approaches are adopted in this study for quantitative and insightful analysis. The findings from both approaches expose the environmental implications of the selected variables (renewable energy, financial development, technological innovation, and export diversification) to China's sustainable development. ARDL approach has confirmed the inverted U-shaped link between financial development and emissions of carbon for China, a negative link between renewables, technologies, and carbon emissions, and a direct association exists between the diversification of export, economic growth, and emissions of carbon. This pattern points toward mitigating environmental dilapidation with renewable energy, technology, and financial development. The Granger causality output lends support to the ARDL findings; hence, a policy initiative that will promote the renewable energy sector and technological innovation through financial programs is advised.en_US
dc.identifier.doi10.1007/s10668-023-03429-0
dc.identifier.issn1387-585X
dc.identifier.issn1573-2975
dc.identifier.scopus2-s2.0-85162046889en_US
dc.identifier.urihttps://doi.org/10.1007/s10668-023-03429-0
dc.identifier.urihttps://hdl.handle.net/11363/7602
dc.identifier.wosWOS:001008434300001en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofEnvironment Development And Sustainabilityen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240903_Gen_US
dc.subjectEnvironmental qualityen_US
dc.subjectCarbon neutralityen_US
dc.subjectExport diversificationen_US
dc.subjectFinancial developmenten_US
dc.subjectRenewable energyen_US
dc.subjectTechnological innovationen_US
dc.subjectChinaen_US
dc.titlePathway to achieving carbon goal: Insight from interaction of export diversification, renewable energy, innovation, and financial policyen_US
dc.typeArticleen_US

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