Department of Humanities and Social Sciences, National Institute of Technology Puducherry, Karaikal, Puducherry, India.
Department of Humanities and Social Sciences, Indian Institute of Science Education and Research (IISER) Tirupati, Tirupati, India.
Environ Sci Pollut Res Int. 2024 Oct;31(48):58562-58580. doi: 10.1007/s11356-024-34995-z. Epub 2024 Sep 24.
The recent global energy crisis scenario echoes the past, and the vulnerability of traditional fuels remains the proximate cause of environmental degradation. The fundamental changes in mobilising finance resources are predominant in an energy transition. So, acknowledging finance and energy transition via financial and environmental technology is necessary to meet sustainable development goals. Accordingly, this study employs panel econometric models to investigate how financial resources can ensure the production of renewable energy and environmental protection in 38 OECD member nations over a time period from 2000 to 2021. The empirical finding shows that foreign direct investment and financial technology ameliorate environmental performance by alleviating CO emissions. Environmental technologies positively impact environmental protection by eliminating CO emissions. The financial resources ensure renewable energy production and environmental protection by reducing the environmental externalities and encouraging renewable energy consumption. Similarly, the consumption of renewable energy catalyses environmental improvement. Economic globalisation spurs environmental externalities. The D-H causality test also shows a reciprocal movement from environmental performance to financial technology, environmental technology and renewable energy consumption. The study's outcomes offer a new model of insight for governments as well as financial and energy policymakers to protect the environment. Enable sustainable development in OECD countries by empowering financial innovation through fintech and incentivising environmental technology to increase renewable energy production.
近期的全球能源危机情景让人回想起过去，传统燃料的脆弱性仍然是环境恶化的近因。在能源转型中，调动金融资源的根本变化占据主导地位。因此，通过金融和环境技术来承认金融和能源转型对于实现可持续发展目标是必要的。相应地，本研究采用面板计量经济学模型，调查了在 2000 年至 2021 年期间，38 个经合组织成员国的金融资源如何能够确保可再生能源的生产和环境保护。实证结果表明，外国直接投资和金融科技通过减轻 CO 排放来改善环境绩效。环境技术通过消除 CO 排放对环境保护产生积极影响。金融资源通过减少环境外部性和鼓励可再生能源消费来确保可再生能源的生产和环境保护。同样，可再生能源的消费也促进了环境的改善。经济全球化刺激了环境外部性。D-H 因果关系检验也表明，环境绩效、金融科技、环境技术和可再生能源消费之间存在相互作用。本研究的结果为政府以及金融和能源政策制定者提供了一个新的见解模型，以保护环境。通过金融科技创新赋予金融权力，并激励环境技术来增加可再生能源的生产，从而实现经合组织国家的可持续发展。
