How do environmental technologies affect environmental degradation? Analyzing the direct and indirect impact of financial innovations and economic globalization

• DOI: 10.1016/j.eti.2022.102973
• Publication Date: 2022-11-29T03:30:48Z
• Authors: Weidong Huo; Badee Uz Zaman; Muhammad Zulfiqar; Emrah Kocak; Khurram Shehzad
• Keywords: Environmental degradation; Environmental Quality; Prosperity; Economic Globalization

Technology has long been recognized for driving long-term gains in economic prosperity. However, the role of various technologies, i.e., environmental and financial degradation is not yet clear. The on-hand study revealed direct indirect impact innovations globalization on China. Moreover, contribution ecological technologies to also captured this study. investigation's findings publicized that innovation directly impacts China; however, it indirectly affects through globalization, implying policies regarding would quality indicated technologies. Additionally, stated China harm quality. found a significant inverted U-shaped affiliation between GDP footprints. elaborated imperious gain sustainable development without harming sustainability. Granger causality test enlightened bidirectional feedback degradation.