The effect of innovation and financial development on CO2 emissions

Article Type:
Research/Original Article (بدون رتبه معتبر)
The Paris Climate Conference commits countries to contribute to the reduction of global warming through nationally determined contributions and calls on countries to reduce greenhouse gas emissions to improve environmental quality. Realizing the importance of innovation and financial sector development for environmental quality, several countries have identified ways to improve environmental quality, however, the relationship between innovation, financial development and pollution has not yet been studied. The results of generalized panel moments based on Data from 31 selected countries in the world in the period of 1990-2021 showed that innovation increases environmental pollution. Therefore, extreme and unbridled innovation beyond a certain point may be unhealthy for the environment, suggesting that there may be a potential threshold level of innovation beyond which the impact of innovation changes. For this possible threshold level, the innovation square is included in the environmental quality equation. However, the squared coefficient of innovation is meaningless. While financial development reduces pollution. The coefficient of the multiplicative interaction term is also negative, indicating that while financial development reduces environmental degradation, a higher level of innovations reduces the destructive effect of finance on carbon emissions. Real GDP per capita, urbanization and trade openness are also negatively related to CO2 emissions. On the other hand, human capital does not have a significant effect on CO2 emissions. On the other hand, human capital does not have a significant effect on CO2 emissions. In this regard, governments should take steps to reduce pollution by supporting production and consumption, saving energy by using solar energy and developing public transportation and using environmentally friendly technologies. Governments should also consider tax incentives for domestic and foreign companies to direct research and development and energy efficiency towards low-carbon production.
Journal of Innovation Ecosystem, Volume:3 Issue: 1, 2023
67 to 84  
دانلود و مطالعه متن این مقاله با یکی از روشهای زیر امکان پذیر است:
اشتراک شخصی
با عضویت و پرداخت آنلاین حق اشتراک یک‌ساله به مبلغ 1,390,000ريال می‌توانید 70 عنوان مطلب دانلود کنید!
اشتراک سازمانی
به کتابخانه دانشگاه یا محل کار خود پیشنهاد کنید تا اشتراک سازمانی این پایگاه را برای دسترسی نامحدود همه کاربران به متن مطالب تهیه نمایند!
  • حق عضویت دریافتی صرف حمایت از نشریات عضو و نگهداری، تکمیل و توسعه مگیران می‌شود.
  • پرداخت حق اشتراک و دانلود مقالات اجازه بازنشر آن در سایر رسانه‌های چاپی و دیجیتال را به کاربر نمی‌دهد.
دسترسی سراسری کاربران دانشگاه پیام نور!
اعضای هیئت علمی و دانشجویان دانشگاه پیام نور در سراسر کشور، در صورت ثبت نام با ایمیل دانشگاهی، تا پایان فروردین ماه 1403 به مقالات سایت دسترسی خواهند داشت!
In order to view content subscription is required

Personal subscription
Subscribe for 70 € euros via PayPal and download 70 articles during a year.
Organization subscription
Please contact us to subscribe your university or library for unlimited access!