Cogent Economics & Finance, Journal Year: 2025, Volume and Issue: 13(1)
Published: Jan. 21, 2025
This study explores the links between environmental innovation, growth, quality, and renewable energy (RE) in ASEAN economies. It uses sophisticated econometric methods including Panel unit root tests, Westerlund cointegration, Augmented Mean Group Common Correlated Effects estimation, Dumitrescu-Hurlin causality tests to understand short run & long-term dynamics of these relationships. The attempts evaluate how economic growth financial development affect quality (EQ) as well innovation RE can help slow down deterioration. While significantly reduces emissions carbon dioxide (CO2) nitrous oxide (N2O), results show that innovations like patents have a delayed but beneficial influence on reducing emissions. Financial also helps reduce over long despite burning fossil fuels increasing test shows factors reinforce each other, requiring coordinated policy actions. report suggests nations prioritize for emission reductions. For sustainable development, markets must be expanded accommodate green financing programs such bonds. Decoupling from use is necessary ensure future.
Language: Английский