Connectedness of green financing, green energy and technological progress towards energy transition and climate goal: exposition of the best practise to achieve sustainable environmental development

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dc.authoridCAKIR GUNDOGDU, BURCIN/0000-0002-8578-4929
dc.contributor.authorLi, Jian
dc.contributor.authorUdemba, Edmund Ntom
dc.contributor.authorGündoğdu, Burçin Çakır
dc.date.accessioned2024-09-11T19:50:12Z
dc.date.available2024-09-11T19:50:12Z
dc.date.issued2024
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractThis study is intended to expose the connectedness of green financing and other green policies like renewable energy and technological progress towards identifying the best practice to achieve climate goal cum sustainable environmental development for China within the period 1985-2021. Amid the increased utilization of fossil fuels in China's economic activities and its position as the highest carbon emitting country in the world, China is considered a financial stable economy with access to renewable energy source such as hydroelectric power. For effective research into the objective of this study, the study builds on mechanism of the green finance-renewable-technology and emission nexus with the help of linear dynamics of ARDL bound and VECM granger causality methods. Empirical results from both approaches have given insight to the selected objectives of this study. According to ARDL dynamics: (i) the coefficients of linear (1.802) and non-linear(- 1.860) (i.e. square term) of financial development are positively and negatively connected to the carbon emissions. This confirms the presence of inverted U-shape relationship between the financial development and carbon emissions. (ii) the relationship between hydroelectric power representing renewable energy and CO2 is negative-(- 0.19) and significant at 1% level. This results depicts the reduction power of hydroelectric power on CO2, (iii) also, a negative (- 0.000982) linkage between number of patent application representing technological innovation and environmental development through carbon emissions responses is established. Also, findings from VECM granger causality approach back the findings from ARDL through a nexus between the variables of interest (finance, hydroelectric power, and technology and carbon emissions). Findings point to the ability of green financing to reduce carbon emissions if green financing policies are utilized effectively in regulating carbon emissions.en_US
dc.identifier.doi10.1007/s00477-024-02659-6
dc.identifier.endpage1871en_US
dc.identifier.issn1436-3240
dc.identifier.issn1436-3259
dc.identifier.issue5en_US
dc.identifier.scopus2-s2.0-85183008605en_US
dc.identifier.startpage1855en_US
dc.identifier.urihttps://doi.org/10.1007/s00477-024-02659-6
dc.identifier.urihttps://hdl.handle.net/11363/7585
dc.identifier.volume38en_US
dc.identifier.wosWOS:001148681100001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofStochastic Environmental Research And Risk Assessmenten_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240903_Gen_US
dc.subjectGreen financeen_US
dc.subjectHydroelectric poweren_US
dc.subjectTechnological innovationen_US
dc.subjectIndustrial structureen_US
dc.subjectLow carbon emissionen_US
dc.subjectSustainable environmental developmenten_US
dc.subjectChinaen_US
dc.titleConnectedness of green financing, green energy and technological progress towards energy transition and climate goal: exposition of the best practise to achieve sustainable environmental developmenten_US
dc.typeArticleen_US

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