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Role of green innovation and green finance on green recovery: Analysis of natural resources rents

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  • Ma, Hongmei

Abstract

This study examines the relationship between globalization, eco-financing, sustainable expansion, and CO2 emissions in China's economy between 2012 and 2022. The research demonstrates cointegration between variables using complicated estimating methods. Due to the asymmetrical data distribution, the innovative moment quantile regression approach is necessary. According to the results, regional emissions are negatively affected by globalisation, yet there is a favorable association between economic development and CO2 emissions. Also, up to a certain point, the analysis shows that green finance development and economic growth have a positive correlation with CO2 emissions. However, beyond that point, both elements work together to significantly lower emissions. Bootstrap quantile estimation verifies the models' reliability. According to this study, minerals, natural gas, and other natural resources are major sources of carbon dioxide emissions in the area.The current research presents the policy implications of increasing investments in environmentally beneficial finance in light of concrete empirical evidence.

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  • Ma, Hongmei, 2024. "Role of green innovation and green finance on green recovery: Analysis of natural resources rents," Resources Policy, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420723012825
    DOI: 10.1016/j.resourpol.2023.104571
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