How are FDI and green recovery related in Southeast Asian economies?

Harnessing technological innovation and renewable energy and their impact on environmental pollution in G-20 countries

Climate change and environmental degradation are critical global challenges, and the G-20 nations play a pivotal role in addressing these issues due to their substantial contributions to global GDP and carbon emissions. Transitioning toward renewable energy sources is imperative for mitigating CO2 emissions and achieving sustainable development. This study investigates the impact of technological innovation, gross domestic product (GDP), renewable energy consumption, economic freedom, and financial advancement on renewable energy use and environmental pollution levels in G-20 countries from 1995 to 2022. Utilizing the PMG-ARDL dynamic panel method, the research analyzes both long-term and short-term relationships among the variables. The findings reveal that technological innovation significantly boosts renewable energy adoption, with a 1% increase in technological innovation leading to a 0.33% rise in renewable energy use in the long run and a 0.17% increase in the short run. Additionally, increased renewable energy consumption is strongly associated with reductions in CO2 emissions, highlighting its critical role in promoting environmental sustainability. The study emphasizes the importance of policies designed to enhance technological innovation to foster renewable energy usage and reduce environmental pollution. It recommends expanding and reforming the technological sector to align international and local resources with renewable energy initiatives, providing a workable framework for supporting the green growth of institutions and achieving a more sustainable future for G-20 nations. This research contributes to understanding the intricate dynamics of renewable energy transitions, offering actionable insights for policymakers and stakeholders in addressing global environmental challenges.

China's endeavor to reduce energy intensity: Does the green financial reform and innovation pilot zones policy matter?

The implementation of green financial reform and innovation pilot zones is a pivotal initiative aimed at directing financial resources more effectively towards green transformation and national sustainable development strategy. To this end, this study adopts a dual machine learning model to examine the effect of this pilot policy on energy intensity and the underlying mechanisms, drawing upon data from 254 cities in China spanning from 2006 to 2019. The conclusions obtained confirm that the establishment of these pilot zones has exerted a substantial impact on mitigating energy intensity. This inhibitory effect is particularly evident in cities with lower administrative levels, cities in western regions, smaller and medium-sized cities, and cities dominated by the secondary industry. It should be emphasized that the reduction in energy intensity is achieved through fostering green technology innovation and enhancing green financial development. The results not only provide empirical evidence for the effectiveness of green finance pilot policies in reducing energy intensity, thereby enriching the inclusive impact of financial innovation, but also offer practical insights for strengthening the green financial system and replicating and expanding the pilot zones.

Revitalizing our earth: unleashing the power of green energy in soil remediation for a sustainable future

This study investigates the feasibility of using renewable energy sources in soil remediation to advance green recovery in a way that is both sustainable and kind to the environment. The report stresses the need to reduce the adverse effects of soil pollution in China and foster economic recovery. This study aims to determine how green energy may be most effectively used in soil remediation operations. Using renewable energy sources to power remediation procedures and phytoremediation is presented in this research as two ways to achieve green recovery in soil remediation. The analysis in this work employs the unit root, auto-regressive distributive lag (ARDL), and vector error correction model (VECM) methods. Based on our research, we know that using renewable energy sources like solar, wind, and geothermal power may significantly lessen the environmental impact of soil remediation while simultaneously advancing the cause of sustainability. Phytoremediation is a low-cost, environmentally friendly option that utilizes plants to degrade and remove soil pollutants. The study's findings also stressed the need to consider various remediation strategies' advantages and disadvantages. The study's findings also exposed the potential advantages and disadvantages of phytoremediation, as was the method's viability for use in extensive soil remediation initiatives. The report concludes by emphasizing the need to assess soil remediation and green recovery's more enormous social and environmental implications. We can build a more sustainable future, encourage economic recovery, and combat environmental degradation using renewable energy sources and cutting-edge remediation techniques. The article suggests doing more studies to learn more about the pros and downsides of combining soil remediation and green recovery initiatives.

Does green credit policy promote corporate green innovation? Evidence from China

Green innovation is an important strategy for companies to achieve sustainable development goals. In addition to helping companies create a green image and improve their competitive advantage, green innovation can reduce pollution and improve the ecological and social environment, with positive external effects. The green credit policy (GCP) is an addition to traditional environmental regulations. Taking the 2012 Green Credit Guidelines as a quasi-natural experiment, this study finds that GCP significantly reduces the quantity and quality of green innovation in green credit-restricted firms by discouraging enterprises' debt financing. Heterogeneity analysis showed that the negative impact was concentrated mainly on non-state-owned enterprises (non-SOEs). This study recommends diversifying financing channels to ease corporate debt financing constraints. The conclusions could enrich existing research on the economic consequences of environmental regulatory policies and provide a reference for the strategic planning of green innovation development in enterprises.

Assessing and validating tourism business model in hospitality industry: role of blockchain platform

The research aims to investigate the potential of blockchain technology to address the challenges facing traditional tourism businesses in the hospitality industry. By assessing and validating tourism business models, the research explores how blockchain can enhance transparency, efficiency, and cost reduction. This research utilizes the ARDL technique to examine the role of blockchain in the tourism in reducing environmental deterioration in China for the period of 2010-2020. The empirical analysis was used in this study. The study presents findings that support the effectiveness of blockchain in validating tourism business models. The authors conclude by discussing the implications of their research for the hospitality industry and suggest future research directions.

Quantifying an influence of green credit on digital technology innovation: financial perspective of a China's case study

This paper examines the impact of green credit (GC) on digital technology innovation based on Chinese enterprises using panel data from 1990 to 2016. The study collected panel data from the 40 Chinese firms listed on the Beijing and Wuhan stock markets. Manufacturing companies were selected because they mainly contribute to green credit from pre- and post-policy periods. First, in the "two high and one surplus" sectors, the application of China's Green Credit 2012 could significantly increase total factor digital technology innovation by 1.21%. Results show a considerable drop in the variable values of digital technology innovation, 61.3%; green credit policy, 10.45%; leverage, 21.0%; and green innovation, 85.4%. The results of the absolute value of standard error after matching is much lower than 20.0%, demonstrating that the variable features of the two sets of samples are similar. In conclusion, GC's impact on the FDI of capital was asymmetrical, reflecting various impacts on businesses with various types of property rights and sizes.

Role of fiscal and monetary policies for economic recovery in China

After the pandemic, China's fiscal and monetary authorities implemented macroeconomic restructuring measures to combat the pandemic. Using a difference-in-difference model based on data collected during the COVID-19 phase, this study attempted to determine the economic recovery in China using the pandemic means for economic growth and energy consumption in other economies. A 0.21 percent increase in the western region's economic growth is comparable to a 0.15 percent increase in the growth of the southern central and northern regions during the pandemic period. Accordingly, we found evidence of actual provincial spillover effects in the clustering of high- and poor-performing regions. The impact of China's economic resurgence beyond the pandemic phase plays an important role in expanding power consumption in different regions. Since headwinds hamper economic development to aggregate output, fiscal policy is the sole option for maintaining pollution levels while simultaneously improving household well-being in terms of demand and employment.

Role of the e-exhibition industry in the green growth of businesses and recovery

In this paper, a survey and two multi-attribute decision-making (MADM) models have been employed to explore critical success factors of e-exhibition in 30 Chinese provinces that is divided into 8 different regions. The research findings showed that in China, the most important success factors of e-exhibition to have green economic recovery are the presence of International collaboration (0.592), green culture (0.490), and visitor’s attitude (0.439). Furthermore, “Beijing and Tianjin” is the most ideal region to promote e-exhibition in China. South Coast region ranked in second place as the most appropriate region for e-exhibition. The least ideal region of China for e-exhibition is the Southwest region that is less developed compared to other regions of China. The major practical policies are the enhancement of international cooperation to hold an e-exhibition, use of electronic exhibition capacities (synchronous and asynchronous) and creating social sustainability awareness through the media and social network.

Influence of green technology, green energy consumption, energy efficiency, trade, economic development and FDI on climate change in South Asia

Climate change policy has several potential risks. The purpose of this study is to investigate the impact of green technology development, green energy consumption, energy efficiency, foreign direct investment, economic growth, and trade (imports and exports) on greenhouse gas (GHG) emissions in South Asia from 1981 to 2018. We employed Breusch Pagan LM, bias-corrected scaled LM, and Pesaran CD as part of a series of techniques that can assist in resolving the problem of cross-sectional dependence. First and second generation unit root tests are used to assess the stationarity of the series, Pedroni and Kao tests are used to test co-integration. The long-term associations are examined using fully modified ordinary least square (FMOLS) and panel dynamic ordinary least square (DOLS) for robustness. The results revealed that trade, growth rate, and exports significantly increase GHG emissions. This accepted the leakage phenomenon. The results also demonstrated that green technology development, green energy consumption, energy efficiency, and imports all have a significant negative correlation with GHG emissions. Imports, advanced technical processes, a transition from non-green energy to green energy consumption, and energy efficiency are thus critical components in executing climate change legislation. These findings highlight the profound importance of green technology development and green energy for ecologically sustainable development in the South Asian countries and act as a crucial resource for other nations throughout the world when it comes to ecological security. This research recommends the consumption of environmentally friendly and energy-efficient technologies in order to mitigate climate change and the government's implementation of the most recent policies to neutralize GHG emissions in order to achieve sustainable development.