Naz Ayesha, Aslam Misbah
Department of Economics, International Islamic University, Islamabad, Pakistan.
Environ Sci Pollut Res Int. 2023 Apr;30(20):57358-57377. doi: 10.1007/s11356-023-26527-y. Epub 2023 Mar 25.
The current study is designed to analyze the relationship between, environmental innovations, globalization, financial development, and CO emissions in the South Asian region over the period of 1996 to 2019. In this regard, the role of governance is also incorporated as a moderator along with Environmental Kuznets Curve (EKC) hypothesis. The sample size includes Bangladesh, India, Pakistan, Nepal, and Sri Lanka. The results of the robust least square show the validity of EKC in the sample countries. Environmental innovations show desirable results on CO emissions, while globalization, financial development, and governance are increasing environmental degradation. The role of governance as a moderator is only effective and favorable with environmental innovation. However, in the case of globalization and financial development, governance appeared to be ineffective in lessening the rate of emissions; rather, it contributes to emissions. It clearly shows the missing link in formulating coherent policy to achieve sustainability targets. Therefore, it is desirable to improve the role of governance with respect to environmental policies not only to handle directly environmental issues but also indirectly while promoting the process of globalization and financial development.
本研究旨在分析1996年至2019年期间南亚地区环境创新、全球化、金融发展与碳排放之间的关系。在这方面，治理的作用也作为调节变量纳入研究，并结合了环境库兹涅茨曲线（EKC）假说。样本包括孟加拉国、印度、巴基斯坦、尼泊尔和斯里兰卡。稳健最小二乘法的结果表明EKC在样本国家中是有效的。环境创新对碳排放产生了理想的效果，而全球化、金融发展和治理则加剧了环境退化。治理作为调节变量的作用仅在环境创新方面有效且有利。然而，在全球化和金融发展方面，治理在降低排放率方面似乎无效；相反，它加剧了排放。这清楚地表明在制定连贯政策以实现可持续发展目标方面存在缺失环节。因此，不仅要直接处理环境问题，还要在促进全球化和金融发展进程的同时间接改善治理在环境政策方面的作用。
