Rej, Soumen, Bandyopadhyay, Arunava, Das, Narasingha, Hossain, Md. Emran, Islam, Md. Sayemul, Bera, Pinki and Yeediballi, Thorani (2022) The asymmetric infuence of environmental‑related technological innovation on climate change mitigation: what role do FDI and renewable energy play? Environmental Science and Pollution Research. ISSN 1614-7499 (In Press)
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Abstract
This study aims to provide a new perspective on environmental studies by examining the infuence of environmentalrelated technological innovation, foreign direct investment, renewable energy consumption, and economic growth on the climate change index (CCI), a novel proxy for environmental quality indicators. From the econometric standpoint, this study employs the “non-linear autoregressive distributed lag” model and spectral causality over the period of 1999–2018 for India. The results show that positive shocks to economic growth have detrimental long- and short-term efects on environmental quality, whereas negative shocks have no efect. While a positive shock has an insignifcant impact, a negative shock to environmental technology innovation has a long-term negative impact on environmental quality. This study provides evidence for
the pollution halo hypothesis in India. Besides, a long-term negative shock to the usage of renewable energy fosters environmental degradation. Furthermore, in short-, medium-, and long-term frequency, spectral causality demonstrates unidirectional causation from CCI to environmental-related technological innovation. Bidirectional causation is demonstrated between the
CCI and renewable energy consumption in the short and medium term. In addition, environmental-related technological innovation and foreign direct investment are demonstrating a bidirectional relationship in the short term. This study has advocated the Sustainable Development Goals (SDGs)–centric policy paradigm, which can assist the Indian government in achieving SDG-13 (mitigating climate change) and SDG-7 (clean energy consumption).
Item Type: | Article |
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Keywords: | Climate Change Index | Technological Innovation | NARDL | Spectral Causality | Renewable Energy | FDI |
Subjects: | Physical, Life and Health Sciences > Environmental Science, Policy and Law |
JGU School/Centre: | Jindal Global Business School |
Depositing User: | Amees Mohammad |
Date Deposited: | 28 Sep 2022 01:27 |
Last Modified: | 07 Nov 2023 07:13 |
Official URL: | https://doi.org/10.1007/s11356-022-23182-7 |
URI: | https://pure.jgu.edu.in/id/eprint/4637 |
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