Disruptive Solutions for Carbon Neutrality and Sustainable Development: Evidence From CS‐ARDL Approach

Sunil Tiwari and Arshian Sharif

Sustainable Development, 2025, vol. 33, issue 4, 5374-5389

Abstract: Net zero emission and attainment of SDG‐13 was the core agenda in COP 26, 27, and 28. In this regard, the present study measures the nexus between environmental policy stringency, renewable energy, green technology innovation, globalization, and carbon emissions. The CS‐ARDL model is utilized to study the said variables in G7 (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States) nations. Results reveal that carbon emissions, renewable energy, environmental policy stringency, and globalization are positively associated with green technology innovation and strongly impact the development and implementation of green innovations in the long run, particularly by CO2 emission. Whereas in the short run, the aforementioned associations and impacts are weak and less impactful besides carbon emissions with green innovation. Overall findings show that green technology innovation is the powerful and most crucial tool for the reduction of carbon emissions and climate change impacts. Policy implications are suggested to attain the net zero emission and SDG‐13 in G7 nations through green innovation and its associated products, processes, and practices.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:wly:sustdv:v:33:y:2025:i:4:p:5374-5389

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