Greening south Asia: Investing in sustainability and innovation to preserve natural resources and combat environmental pollution

Song C., Wu Z., Dong R. K., DİNÇER H.

Resources Policy, vol.86, 2023 (SSCI) identifier

  • Publication Type: Article / Article
  • Volume: 86
  • Publication Date: 2023
  • Doi Number: 10.1016/j.resourpol.2023.104239
  • Journal Name: Resources Policy
  • Journal Indexes: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, Aerospace Database, Aquatic Science & Fisheries Abstracts (ASFA), Business Source Elite, Business Source Premier, Communication Abstracts, Compendex, EconLit, Index Islamicus, INSPEC, Metadex, PAIS International, Pollution Abstracts, Public Affairs Index, Civil Engineering Abstracts
  • Keywords: Environmental friendly investments, Environmental pollution, Green finance, Green technology innovation, Natural resources, South Asia
  • Istanbul Medipol University Affiliated: Yes


Over the past few years, South Asian economies have witnessed consistent growth. Despite the region's vast wealth in natural resources, the impacts of climate change are evident across its diverse climatic zones. The integration of Green Finance (GIFN), Environmentally Friendly Investments (EFI), and Green Technology Innovation (GTI) can significantly alter the trajectory for South Asian nations. These mechanisms not only support economic growth targets but also mitigate the escalating environmental pollution in the region. Consequently, this study was undertaken to assess the potential of NTR, GIFN, EFI, and GTI in addressing CO2 emissions within the South Asian economic framework. Utilizing the Method of Moments of Quantile Regression (MMQR) on the dataset revealed that NTR has a positive impact on CO2 emissions. Conversely, GIFN, EFI, and GTI demonstrated negative impacts on CO2 emissions. Based on these findings, there's a pressing need for robust governance and policy enforcement by regional institutions to enhance environmental well-being.