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A step toward sustainable development: the nexus of environmental sustainability, technological advancement and green finance: evidence from Indonesia

中文标题:迈向可持续发展的一步:环境可持续性、技术进步与绿色金融的关联机制——来自印度尼西亚的实证

作者:FengSheng ChienChing-Chi HsuMassoud MoslehpourMuhammad SadiqBushra TufailThanh Quang Ngo

期刊:ENVIRONMENT, DEVELOPMENT AND SUSTAINABILITY,环境发展与可持续发展;中科院3

DOIhttps://doi.org/10.1007/s10668-023-03424-5

AbstractThe countries face a significant difficulty in achieving the Sustainable Development Goals (SDG). Due to widespread pollution, SDGs pertaining to environmental sustainability in particular pose the greatest challenges. To cope up with the environmental issues, countries have adopted various measures out of which technological advancement and green finance are gaining particular importance. The present study thus aims at estimating the effect of technological advancements and green finance on environmental sustainability measured by ecological footprints under STIRPAT model in Indonesia. Time series data spanning over 19952020 period is collected from different secondary sources and empirical analysis is done by applying Quantile Autoregressive Distributed Lag Model. The findings indicate the positive contribution of technological advancement measured by Information and Communication Technologies (ICT) and green finance in environmental sustainability over whole range of quantiles (0.050.90) in the short as well as in the long run. However, economic growth and urbanization are found to pose serious threats to the environmental sustainability as they have positive association with ecological footprints at different quantiles. The findings suggest the Indonesian government to pay attention to significant fruitful policies aimed at the promotion of green finance and ICT technologies to ensure environmental sustainability in Indonesia.

摘要各国在实现可持续发展目标(SDGs)过程中面临重大挑战。由于普遍存在的污染问题,与环境可持续性相关的可持续发展目标尤其构成巨大挑战。为应对环境问题,各国已采取多措施,其中技术进步绿色金融日益受到重视。因此,本研究旨在通过STIRPAT模型,以生态足迹衡量环境可持续性,探讨印度尼西亚技术进步与绿色金融对环境可持续性的影响。研究收集1995-2020年间的时间序列数据,运用分位数自回归分布滞后模型(QARDL)进行实证分析。结果表明:无论是短期还是长期,以信息通信技术(ICT)衡量的技术进步和绿色金融在所有分位数(0.05-0.90)上都对环境可持续性产生积极贡献。然而,经济增长和城市化被证实对环境可持续性构成严重威胁,因为它们与不同分位数上的生态足迹呈正相关。研究建议印尼政府重点关注推动绿色金融ICT技术的有效政策,以确保国家的环境可持续性。