 Green innovation and resource efficiency to meet net-zero emissionWenguang Tang, Liuqing Mai and Meifeng Li Resources Policy, 2023, vol. 86, issue PB Abstract: This research delves into the interplay among green innovation, resource efficiency, and the pursuit of net-zero emissions objectives within 22 developed economies spanning the years 2000–2020, utilizing the ARDL technique. Improving the efficiency of fossil fuel consumption has an impact on achieving net-zero emissions targets, with a 1% enhancement resulting in an approximate rise of 0.14%–0.54% in the net-zero emissions index across various developed economies. The study underscores the influential role of the green economy innovation index, showcasing that even a minor 1% increase translates to tangible elevations of about 0.25%–0.39% in the net-zero emissions index, emphasizing its substantial environmental effects. Embracing green innovation and technologies is crucial for driving developed economies towards sustainability. A comprehensive strategy that encompasses enhancing fossil fuel efficiency and promoting green innovation can advance net-zero emissions, encouraging regional agreements on green economies, and fostering a robust green financing market. Keywords: Fossil fuels utilization efficiency; Green innovation; Green recovery; Net-zero emissions policy; Advanced economies (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:86:y:2023:i:pb:s030142072300942x DOI: 10.1016/j.resourpol.2023.104231 Access Statistics for this article Resources Policy is currently edited by R. G. Eggert More articles in Resources Policy from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.