Navigating the path to sustainability in G20: Nexus of industrialization, economic development, resource management and green innovations DOI Creative Commons
Wangzhi Dai, Chenguang Zhao

Frontiers in Environmental Science, Journal Year: 2025, Volume and Issue: 13

Published: April 24, 2025

Background Environmental sustainability (ENS) is a pressing challenge for G20 economies, requiring delicate balance between economic growth, resource management, and green innovations. While previous research has explored ENS determinants, limited attention been given to the synergistic effects of financial management (FEM), industrialization (IDL), efficiency (REM), growth (ENG), human capital (HCI), innovations (GEN) within framework. Objective This study evaluates short- long-term impacts these factors on ENS, offering empirical evidence guide policies in nations. Methods Utilizing panel data (2000–2022), applies Cross-Sectional Autoregressive Distributed Lag (CS-ARDL) capture dynamic relationships, while Augmented Mean Group (AMG) Common Correlated Effects (CCEMG) estimations ensure robustness. Key Findings Results indicate that FEM (β = 0.3361, p < 0.05), ENG 0.2213, 0.01), HCI 0.1026, 0.01) significantly enhance emphasizing crucial role stability, expansion, driving sustainability. Conversely, IDL −0.8879, REM −0.1425, 0.05) negatively affect highlighting environmental risks rapid inefficient utilization. Robustness analysis further reveals GEN positively influences 0.1442, reinforcing need sustained eco-innovation investments. Policy Implications To sustainability, policymakers should prioritize frameworks, promote development, foster technological Strategies also mitigate costs improve efficiency. Strengthening institutional frameworks fostering global cooperation will be essential achieving aligning with Sustainable Development Goals (SDGs).

Language: Английский

Greening the globe: a multi-stage analysis of human capital, innovation-policy interactions, and renewable energy in driving environmental sustainability DOI Creative Commons

Yu Wence,

Chuhao Wang,

Xue Zhao

et al.

Frontiers in Environmental Science, Journal Year: 2025, Volume and Issue: 13

Published: March 21, 2025

Economic growth must be balanced with ecological sustainability as G20 nations face mounting environmental concerns and challenges. These countries account for the majority of global economic output emissions, making them pivotal in efforts to reduce footprints while fostering innovation progress. This study introduces a novel approach by integrating advanced econometric methods such Cross-Sectional Augmented ARDL (CS-ARDL), Mean Group (AMG), Common Correlated Effects (CCEMG), Granger causality tests comprehensively analyze dynamic relationships between footprint (EFP), policies (EP), renewable energy consumption (REC), capital formation (CF), (INN) from 1990 2023. The key novelty this lies its methodological rigor ability address cross-sectional dependence heterogeneity within economies. Unlike prior research, simultaneously examines linear, nonlinear, interaction effects, providing holistic understanding how factors interact over time. CS-ARDL results highlight that policies, innovation, drive sustainability, REC playing most significant role reducing EFP findings on further emphasize sustainable development hinges strategic investments human physical capital. By leveraging AMG CCEMG methodologies, research strengthens robustness findings, ensuring their validity across diverse contexts. analysis reveals bidirectional relationship unidirectional link EP, underscoring critical shaping policy. offers groundbreaking empirical insights into economic, environmental, dynamics nations, advocating prioritize energy, technological advancements, investments. Future should explore sector-specific socio-political dimensions pathways.

Language: Английский

Citations

0
Navigating the path to sustainability in G20: Nexus of industrialization, economic development, resource management and green innovations DOI Creative Commons
Wangzhi Dai, Chenguang Zhao

Frontiers in Environmental Science, Journal Year: 2025, Volume and Issue: 13

Published: April 24, 2025

Background Environmental sustainability (ENS) is a pressing challenge for G20 economies, requiring delicate balance between economic growth, resource management, and green innovations. While previous research has explored ENS determinants, limited attention been given to the synergistic effects of financial management (FEM), industrialization (IDL), efficiency (REM), growth (ENG), human capital (HCI), innovations (GEN) within framework. Objective This study evaluates short- long-term impacts these factors on ENS, offering empirical evidence guide policies in nations. Methods Utilizing panel data (2000–2022), applies Cross-Sectional Autoregressive Distributed Lag (CS-ARDL) capture dynamic relationships, while Augmented Mean Group (AMG) Common Correlated Effects (CCEMG) estimations ensure robustness. Key Findings Results indicate that FEM (β = 0.3361, p < 0.05), ENG 0.2213, 0.01), HCI 0.1026, 0.01) significantly enhance emphasizing crucial role stability, expansion, driving sustainability. Conversely, IDL −0.8879, REM −0.1425, 0.05) negatively affect highlighting environmental risks rapid inefficient utilization. Robustness analysis further reveals GEN positively influences 0.1442, reinforcing need sustained eco-innovation investments. Policy Implications To sustainability, policymakers should prioritize frameworks, promote development, foster technological Strategies also mitigate costs improve efficiency. Strengthening institutional frameworks fostering global cooperation will be essential achieving aligning with Sustainable Development Goals (SDGs).

Language: Английский

Citations

0