Clarifying the relationship between green investment, technological innovation, financial openness, and renewable energy consumption in MINT

Industrialization, energy demand and environmental pollution nexus in MINT economies. Does cleaner energy transition and environmental technology play a mitigating role?

This paper looks into the industrialization-pollution nexus in the MINT economies, by analyzing the complex interlinkages of industrial development, energy demand, and environmental pollution, using yearly data from 1990 to 2023. Based on the Environmental Kuznets Curve (EKC), the paper investigates the long-run link among key indicators using the Driscoll and Kraay Standard Errors (DKSE) estimations, CS-ARDL, FMOLS, and the DOLS for the robustness checks. Empirical results indicate that industrialization significantly contributes to environmental pollution, as a 1% upsurge in industry leads to a 0.475% upsurge in pollution. Significantly, environmental technology and transitions to cleaner energy sources are effective mitigation strategies, reducing pollution by 0.051% for each 1% implementation of either. Energy demand adds 0.362% to pollution for every 1% increase, while ECG has no direct significant effect. The firm model, the R-squared is 0.9597, confirmed the hypothesis of the EKC, which is that technological change can relieve environmental degradation. The study shows how sustainable development strategies adopt technological innovation in balancing economic growth with ecological sustainability.

The interconnectedness of energy consumption with economic growth: A granger causality analysis

In considering today's energy challenges, the link between the usage of renewable and non-renewable energy sources and economic growth has gained substantial policy attention. This research examines the complex relationship between these three variables to understand how non-renewable energy consumption and renewable energy consumption interact and what that means for economic growth. This study uses the Granger causality approach to explore the relationships between non-renewable energy consumption, renewable energy consumption, and economic development. It draws on a comprehensive dataset from the Word Bank database, including 152 nations from 1990 to 2019. The analysis is further disaggregated by four subgroups of countries; least developed, developed, transitional economies and developing countries. The result of this study provides valuable empirical evidence of uni-directional causality running from renewable energy consumption to economic growth and non-renewable energy consumption to economic growth in transitional economies. Furthermore, policymakers should focus on both variables when making decisions because the results show that energy consumption and economic growth are interconnected. Implementing global energy efficiency standards, reducing fossil fuel usage, and adopting regulatory measures are all viable policies for limiting adverse effects on the environment while encouraging economic development.

A meta-analysis of the causal interpretation of enterprise green innovation: A structural theoretical model

The escalating environmental challenges have compelled corporations to embark on green innovation initiatives, establishing this as a pivotal strategy for attaining economic sustainability. Yet, there remains a lack of consensus within the scholarly community regarding the precursors and outcomes of green innovation. This research leverages Giddens' structuration theory and employs meta-analytical methods to elucidate the determinants and effects of corporate green innovation. Initially, the study synthesizes 288 effect sizes from 161 distinct scholarly articles, spanning from 2012 to early 2023, guided by the structuration framework. This comprehensive analysis corroborates the influence of several structuration theory antecedents on green innovation, thereby offering fresh empirical backing for the theory. Subsequently, it scrutinizes the link between green innovation and its impacts, evaluated through economic and environmental performance lenses. Furthermore, the research contrasts the meta-analytical findings across large-scale and smaller enterprises, underscoring notable disparities in the dynamics of green innovation across different organizational contexts. This inquiry not only reaffirms the theoretical constructs of structuration theory, such as spatialization, subjectification, and structuration, but also integrates these notions with quantifiable variable models. The paper posits that structuration theory could underpin a theoretical framework for dissecting the influential variables associated with green innovation, thereby fostering further academic investigation into corporate environmental innovation.

The role of ICT investment, digital financial inclusion, and environmental tax in promoting sustainable energy development in the MENA region: Evidences with Dynamic Common Correlated Effects (DCE) and instrumental variable-adjusted DCE

His research investigates the interplay among investment in Information and Communication Technology [ICT], digital financial inclusion, environmental tax policies, and their impact on the progression of sustainable energy development within the Middle East and North Africa [MENA] region. Recognizing the distinctive hurdles impeding sustainable energy advancement, effective policy formulation and implementation in MENA necessitate a comprehensive understanding of these variables. Employing a Dynamic Common Correlated Effects [DCE] model alongside an instrumental variable-adjusted DCE approach, this study explores the relationship between ICT investment, digital financial inclusion, environmental tax, and sustainable energy development. The DCE model facilitates the analysis of dynamic effects and potential correlations, while the instrumental variable-adjusted DCE model addresses issues pertaining to endogeneity. The results indicate that both ICT investment and the promotion of digital financial inclusion significantly and positively impact sustainable energy development in the MENA region. Additionally, the study underscores the importance of environmental tax implementation in fostering sustainable energy advancement, highlighting the critical role of environmental policy interventions. Based on these findings, governmental prioritization of ICT investment and initiatives for digital financial service integration is recommended to bolster sustainable energy growth in MENA. Furthermore, the adoption of efficient environmental tax measures is essential to incentivize sustainable energy practices and mitigate environmental degradation. These policy recommendations aim to create a conducive environment for sustainable energy progression in the MENA region, contributing to both economic prosperity and environmental conservation.

Sustaining the future: How green capabilities and digitalization drive sustainability in modern business

In recent years, the unprecedented growth in environmental vulnerabilities has made the firms realize the need for environmental protection. With this, the rapid surge for ecological preservation has made worldwide businesses divert their focus toward greener practices that ensure the firm's financial and environmental performance. This study examines the relationships between green management strategies (green dynamic capabilities, internal green supply chain management and green technology adoption), and organizational outcomes, specifically environmental and financial performance. The data was collected from the 471 employees working in the manufacturing firms. Utilizing the Structural Equation Modeling (SEM) method via Smart-PLS, our findings show the importance of integrating green practices in supply chain management, dynamic capabilities, and technology adoption to enhance both environmental and financial outcomes under the moderating role of industry dynamism and green knowledge acquisition.