The asymmetric infuence of environmental‑related technological innovation on climate change mitigation: what role do FDI and renewable energy play?

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
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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