ORIGINAL RESEARCH article
Front. Energy Res.
Sec. Sustainable Energy Systems
Volume 13 - 2025 | doi: 10.3389/fenrg.2025.1608001
This article is part of the Research TopicEnergy Transition: Opportunities and Barriers in Technology, Economics, and PolicyView all 8 articles
Harnessing Green Innovation, Renewable Energy, and Financial Development for Ecological Neutrality: A Pathway for Asian Emerging Economies
Provisionally accepted
- Yangzhou University, Yangzhou, China
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In the aftermath of the Paris Climate Agreement (COP26), numerous governments have emphasized achieving ecological neutrality. Traditional operational methodologies fall short in addressing the challenges of climate change, urging organizational leadership to harness cuttingedge, environmentally friendly operational strategies. This research scrutinizes the implications of Renewable Energy Capacity (REC), Green Innovation Investments (GII), and financial development (FD) on the ecological footprint (EFP) across Asian emerging nations from 2001 to 2022. Leveraging the cross-sectional autoregressive distributed lags and employing the dynamic common correlated effects estimator, the study addresses challenges such as cross-sectional dependence, endogeneity, non-stationarity, and slope heterogeneity. The study supports the environmental Kuznets curve (EKC) hypothesis's applicability for emerging economies concerning ecological neutrality through cross-section dependence, panel unit root, and augmented mean group tests. The research manifests that REC, GII, and FD have a notable role in reducing the ecological footprint, bolstering a country's potential to accomplish ecological neutrality objectives. The insights advocate for enhancing and reinforcing these elements while bolstering investments in green resurgence initiatives. This approach aids nations in fostering a sustainable environment, mitigating industry-specific risks, and diminishing the ecological footprint, propelling societies toward a sustainable and ecologically balanced future.
Keywords: Harnessing Green Innovation, Renewable Energy, and Financial Development for Ecological Neutrality: A Pathway for Asian Emerging Economies Green Innovation Investments, Renewable energy capacity, Financial Development, Ecological neutrality, Asian emerging economies
Received: 08 Apr 2025; Accepted: 04 Aug 2025.
Copyright: © 2025 Channa. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
* Correspondence: Hamadullah Channa, Yangzhou University, Yangzhou, China
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