ROLE OF EXTERNAL FINANCE AND INNOVATION IN ACHIEVING ECO-EFFICIENCY AND SUSTAINABLE DEVELOPMENT GOALS

Muhammad Naveed Jamil and Dr. Abdul Rasheed
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Muhammad Naveed Jamil: PhD Scholar, Institute of Business Administration, Khwaja Fareed University of Engineering and Information Technology Rahim Yar Khan, Pakistan
Dr. Abdul Rasheed: Assistant Professor, Institute of Business Administration, Khwaja Fareed University of Engineering and Information Technology Rahim Yar Khan, Pakistan

Bulletin of Business and Economics (BBE), 2023, vol. 12, issue 2, 339-355

Abstract: Eco-efficiency is a biggest universal challenge and one-fourth COâ‚‚ emission produce by World Transport sector. UN Sustainable development Goals Agenda-2030; Paris agreement of 2015 was most successful agreement between the advancing Global World to set a target, to meet Social-economic-environment success. The main objective of this study is to examine the effect of External finance and Power Diversity on Eco-efficiency and sustainable Development Goals; to identify the best financial and transport eco-power source. This study used two ways of data analysis; first, past and future trend analysis, and second, Regression, GMM and Robust measurement; first, External finance Trend of four countries, Japan has least dependent country, china only face dependency in FDI, while Pakistan major dependency on Remittances and ODA-Foreign-Aid. Fuel Consumption Trend; Japan Eco-efficiency policy is better than other three countries, but still away from Paris Agreement-Target-2030. Second; Regression and GMM results indicates external finance i.e. FDI Remittances ODA and Transport Power Source i.e. Oil and Electric high significant impact on eco-efficiency and SDGs; GDP highly significant inverse, health negative and Per-Capita GDP, Government Consumption positive relationships exist with Eco-efficiency and SDGs. The robust result indicates of validity and the sustainability. Study implication and recommendation are cleared; external finance has a modern finance source for technology enhancement and economy. Transport Cargo system need to be design according eco-friendly, UN SDGs Agenda-2030. Government need to enacting policies to encourage foreigner to invest eco-friendly project like modern technology enhancement, people to move away from gasoline and diesel transportation until modern technology eco-efficien Electric power system is an alternative of fossil power generation toward COâ‚‚ emission reduction.

Keywords: Financing Stability; Eco-efficiency; Green Development; De-carbonization pathways; Central Asia Future Sustainability (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:12:y:2023:i:2:p:339-355

DOI: 10.61506/01.00007

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