School of Accounting and Finance, Faculty of Business and Law, Taylor's University, Subang Jaya, Malaysia.
School of Finance and Accounting, Fuzhou University of International Studies and Trade, Fujian, People's Republic of China.
Environ Sci Pollut Res Int. 2022 Sep;29(43):65521-65534. doi: 10.1007/s11356-022-19947-9. Epub 2022 Apr 29.
A major issue for governments in the past few decades has been environmental deterioration caused by economic activity. Researchers are increasingly interested in the factors that contribute to environmental deterioration. This research fills the empirical gaps by looking at the influence of carbon footprints of growth and R&D investment on green finance development of renewable energy. Ordinary least square (OLS) is used in this work to assess the long-term connection between chosen variables in South Asia from 1995 to 2018. The importance of green finance, clean energy, and green financial instability have been identified as major variables. According to the study's overall findings, clean energy, green finance, and sustainable economic growth are all important and positive indicators of a composite assessment of sustainable practices. Green bonds, reducing greenhouse gas emissions, and green economic development all play an important part in green finance development and renewable energy production. The research also found that R&D expenditures had a positive and substantial influence on green finance development in South Asia, with a 1% increase in R&D expenditures lowering the sustainability of the environment by 0.070% and 0.080%. Other practical consequences for South Asia include a more suitable path toward a greener economy, as suggested by the projected findings.
过去几十年，各国政府面临的一个主要问题是经济活动导致的环境恶化。研究人员越来越关注导致环境恶化的因素。本研究通过研究增长的碳足迹和研发投资对可再生能源绿色金融发展的影响，填补了实证空白。本文采用普通最小二乘法（OLS），评估了 1995 年至 2018 年南亚选定变量之间的长期关系。绿色金融、清洁能源和绿色金融不稳定被确定为主要变量。根据研究的总体结果，清洁、绿色和可持续经济增长能源都是可持续实践综合评估的重要和积极指标。绿色债券、减少温室气体排放和绿色经济发展都在绿色金融发展和可再生能源生产中发挥了重要作用。研究还发现，研发支出对南亚绿色金融发展有积极且显著的影响，研发支出增加 1%，将环境可持续性降低 0.070%和 0.080%。研究结果还表明，南亚的其他实际影响包括更适合向绿色经济发展的路径。
