Innovation and Green Development最新文献_第2页

Green technological innovations and green growth: Examining the differential associations of environmental, climate adaptation, and ocean technologies 绿色技术创新和绿色增长：考察环境、气候适应和海洋技术之间的差异关联

Innovation and Green Development Pub Date : 2026-08-01 Epub Date: 2026-09-05 DOI: 10.1016/j.igd.2026.100387

Rameesha Zahir Khan, Lutfi Abdul Razak, Gamini Premaratne

{"title":"Green technological innovations and green growth: Examining the differential associations of environmental, climate adaptation, and ocean technologies","authors":"Rameesha Zahir Khan, Lutfi Abdul Razak, Gamini Premaratne","doi":"10.1016/j.igd.2026.100387","DOIUrl":"10.1016/j.igd.2026.100387","url":null,"abstract":"<div><div>This study examines the relationship between Green Technological Innovation (GTI) and green growth, with particular attention to Environmental-Related Technologies (ERTs), Climate Change Adaptation Technologies (CCATs), Sustainable Ocean Technologies (SOTs), and the development and diffusion phases of ERTs. Using panel data from 50 developed and developing countries over the period 1996–2021, the analysis employs Fixed Effects, Random Effects, and two-step System GMM estimators. The findings reveal substantial heterogeneity across technology domains. ERTs and SOTs are positively and significantly associated with green growth, whereas CCATs exhibit insignificant associations, highlighting the need for domain-specific policy approaches. Furthermore, both the development and diffusion phases of ERTs contribute positively to green growth, underscoring the importance of supporting the full innovation cycle. Among the control variables, renewable energy consumption, capital stock, and foreign direct investment are positively associated with green growth, while trade openness and labor force expansion present relative challenges. By distinguishing among GTI domains and innovation phases, this study provides one of the first cross-country assessments of their differential associations with green growth, offering policy-relevant insights for advancing environmental sustainability and the Sustainable Development Goals.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"5 4","pages":"Article 100387"},"PeriodicalIF":0.0,"publicationDate":"2026-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148940920","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

From water efficiency to SDG disclosure: Understanding their impact on firm financing costs 从用水效率到可持续发展目标披露：了解它们对企业融资成本的影响

Innovation and Green Development Pub Date : 2026-06-01 Epub Date: 2026-06-17 DOI: 10.1016/j.igd.2026.100369

Fathi Jouini

{"title":"From water efficiency to SDG disclosure: Understanding their impact on firm financing costs","authors":"Fathi Jouini","doi":"10.1016/j.igd.2026.100369","DOIUrl":"10.1016/j.igd.2026.100369","url":null,"abstract":"<div><div>Growing water scarcity and increasing regulatory and investor attention to environmental sustainability have intensified interest in how corporate water practices are priced by capital markets. Against this background, this study examines how water-related sustainability practices influence the cost of capital of U.S. non-financial firms and how these effects vary with ESG performance.</div><div>Using a panel of 1207 firms listed in the S&P 1500 over 2015–2024, we apply a dynamic two-step System GMM estimator to address endogeneity, firm-specific heterogeneity, and persistence in financing decisions. Water sustainability is captured through two operational indicators (Water Recycled Score and Policy Water Efficiency Score) and two disclosure indicators aligned with the Sustainable Development Goals (SDG 6: Clean Water and Sanitation; SDG 14: Life Below Water).</div><div>Results show that strong operational water governance, particularly water recycling and water efficiency policies, significantly reduces the weighted average cost of capital, as well as the cost of equity and debt. SDG 6 disclosure is also associated with lower financing costs, indicating that operationally relevant water transparency is financially valued. In contrast, SDG 14 disclosure increases all components of the cost of capital, suggesting that ecosystem-oriented commitments may signal long-term environmental liabilities or costly compliance expectations.</div><div>ESG performance plays a moderating role by strengthening the cost-reducing effects of operational water governance while amplifying the cost-increasing impact of SDG-related disclosures. The findings demonstrate that capital markets distinguish between substantive water efficiency actions and broader ecological disclosures, contributing to the sustainability–finance literature by revealing the heterogeneous pricing of water-related SDGs.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"5 3","pages":"Article 100369"},"PeriodicalIF":0.0,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148582348","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Fermatean fuzziness on decision analysis incorporating weights detection for sustainable forest management strategy assessment 基于权重检测的fermatan模糊决策分析在森林可持续经营战略评价中的应用

Innovation and Green Development Pub Date : 2026-06-01 Epub Date: 2026-05-31 DOI: 10.1016/j.igd.2026.100365

M.B. Bera , M.K. Mondal , G.S. Mahapatra , B.S. Mahapatra

{"title":"Fermatean fuzziness on decision analysis incorporating weights detection for sustainable forest management strategy assessment","authors":"M.B. Bera , M.K. Mondal , G.S. Mahapatra , B.S. Mahapatra","doi":"10.1016/j.igd.2026.100365","DOIUrl":"10.1016/j.igd.2026.100365","url":null,"abstract":"<div><div>Forest management plays a crucial role in promoting sustainable and environmentally friendly development by delivering both environmental and economic benefits. However, forest managers face the challenge of balancing competing priorities while ensuring long-term ecological resilience. This study introduces five innovative Forest Management Models (FMMs) designed to maximize timber production, water regulation, and carbon sequestration, while considering key factors such as final volume and replantation costs. To evaluate these models under uncertainty, two novel multi-criteria decision analysis (MCDA) approaches — Fermatean fuzzy Simultaneous Evaluation of Criteria and Alternatives (FF-SECA) and Fermatean fuzzy Technique for Order Preference by Similarity to Ideal Solution (FF-TOPSIS) — are developed. These approaches generate preference rankings of forest-related factors and provide strong decision support for selecting the most sustainable FMMs. The results highlight that prioritizing water production under a carbon sequestration constraint is the most effective strategy, whereas maximizing carbon sequestration alone is less efficient. Comparative and sensitivity analyses further confirm the adaptability and reliability of the proposed methodologies. The findings provide actionable insights for policymakers and forest managers, promoting eco-innovation, harnessing green energy potential, and fostering sustainable forest resource governance.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"5 3","pages":"Article 100365"},"PeriodicalIF":0.0,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148178954","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Multidimensional climate risks and corporate green innovation: Firm-Level evidence from Saudi Arabia 多维气候风险与企业绿色创新：来自沙特阿拉伯的企业层面证据

Innovation and Green Development Pub Date : 2026-06-01 Epub Date: 2026-06-06 DOI: 10.1016/j.igd.2026.100368

Amina Hamdouni

{"title":"Multidimensional climate risks and corporate green innovation: Firm-Level evidence from Saudi Arabia","authors":"Amina Hamdouni","doi":"10.1016/j.igd.2026.100368","DOIUrl":"10.1016/j.igd.2026.100368","url":null,"abstract":"<div><div>This study examines how physical climate risks influence corporate green innovation using firm-level data from 100 Saudi listed companies over the period 2010–2024. Using a multidimensional climate-risk framework, the analysis incorporates six objective climate indicators—soil moisture, precipitation, specific humidity, relative humidity, wet-bulb temperature, and wind speed—derived from NASA's MERRA-2 dataset. Corporate green innovation is assessed across three dimensions: quantity (green patent applications), quality (green invention patents), and efficiency (green patents relative to R&D expenditure). Fixed-effects models, lagged specifications, and dynamic System GMM estimations are employed to address unobserved heterogeneity, endogeneity, and innovation persistence. The results reveal pronounced heterogeneity in climate effects. Water-related conditions, captured by soil moisture and precipitation, significantly promote green innovation quantity, quality, and efficiency, suggesting that improved water availability supports long-term innovation investment. In contrast, heat stress, measured by wet-bulb temperature, consistently and significantly inhibits all dimensions of green innovation, highlighting extreme heat as a binding constraint in arid economies. Other climate factors, including humidity and wind speed, exert weaker and more selective effects, primarily influencing innovation efficiency. These findings remain robust across alternative innovation measures, dynamic specifications, and tests excluding the COVID-19 period. By providing firm-level evidence from Saudi Arabia, this study advances understanding of how multidimensional climate risks shape corporate green innovation in climate-vulnerable, arid economies by developing a multidimensional physical climate risk framework that links specific climate factors to different dimensions of green innovation, thereby offering a robust empirical basis for designing climate-adaptation and green innovation policies in emerging economies undergoing sustainability transitions.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"5 3","pages":"Article 100368"},"PeriodicalIF":0.0,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148178955","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Governance and green finance: A comparative analysis of developed and developing Asian NDC economies 治理与绿色金融：亚洲发达经济体与发展中经济体的比较分析

Innovation and Green Development Pub Date : 2026-06-01 Epub Date: 2026-06-08 DOI: 10.1016/j.igd.2026.100367

Muhammad Ashraf , Mubashar Ali , Ahmad Ghazali , Shahzad Ali

{"title":"Governance and green finance: A comparative analysis of developed and developing Asian NDC economies","authors":"Muhammad Ashraf , Mubashar Ali , Ahmad Ghazali , Shahzad Ali","doi":"10.1016/j.igd.2026.100367","DOIUrl":"10.1016/j.igd.2026.100367","url":null,"abstract":"<div><div>This study investigates how governance effectiveness shapes the influence of financial inclusion, green technology innovation, and environmental regulation on green finance across Asian economies. Distinguishing between developed and developing countries, we assess whether governance functions as an amplifier that strengthens these channels or as a binding constraint that limits their effect. The results show that in developed economies, all three drivers, financial inclusion, innovation, and regulation, exert strong and positive effects on green finance, and these impacts intensify as governance quality improves. In developing economies, by contrast, the direct effects are weak or unstable, but their interaction with governance is consistently positive, indicating that institutional capacity is the key determinant of green-finance expansion. Using panel data for 13 Asian economies from 2001 to 2023, we estimate fixed-effects models with interaction terms to capture short-run dynamics and apply panel fully modified ordinary least squares to examine long-run cointegration. Dumitrescu–Hurlin panel causality tests further assess directional predictability. Robustness checks addressing time-varying confounders, cross-sectional dependence, and post-2020 structural changes confirm the central role of governance in strengthening green-finance mechanisms. Policy simulations show that improvements in enforcement credibility, disclosure quality, and regulatory consistency generate substantial gains in green finance, especially in institutionally weaker economies.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"5 3","pages":"Article 100367"},"PeriodicalIF":0.0,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148231414","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Corrigendum to “Unravelling the bidirectional relationship between corporate environmental responsibility and technological innovation” [Innovation and Green Development 5 (3) (2026) 100362] “揭示企业环境责任与科技创新的双向关系”的勘误表[创新与绿色发展5 (3)(2026)100362]

Innovation and Green Development Pub Date : 2026-06-01 Epub Date: 2026-06-11 DOI: 10.1016/j.igd.2026.100370

Woon Leong Lin , Jo Ann Ho , Murali Sambasivan , Siong Choy Chong , Chuen Khee Pek

引用次数: 0

Examining the effects of intangible resources on green economic growth: Does institutional quality matter? 考察无形资源对绿色经济增长的影响：制度质量重要吗？

Innovation and Green Development Pub Date : 2026-06-01 Epub Date: 2026-05-31 DOI: 10.1016/j.igd.2026.100366

Ariful Hoque, Ngoc Phu Tran, Thi Le

{"title":"Examining the effects of intangible resources on green economic growth: Does institutional quality matter?","authors":"Ariful Hoque, Ngoc Phu Tran, Thi Le","doi":"10.1016/j.igd.2026.100366","DOIUrl":"10.1016/j.igd.2026.100366","url":null,"abstract":"<div><div>Green economic growth advocates for a balanced advancement of economic development and environmental sustainability, recognizing the limitations imposed by resource availability and ecological capacity. In many resource-rich developing nations, environmental degradation and inefficient resource use have led to suboptimal green growth outcomes. Amid this challenge, the role of intangible assets, particularly national intellectual capital, in driving green growth remains underexplored. This study examines the moderating effect of institutional quality on the link between national intellectual capital and green economic growth across 19 Asia-Pacific economies from 2000 to 2023. Utilizing dynamic panel estimation techniques, including Dynamic Ordinary Least Squares (DOLS), Fully Modified Ordinary Least Squares (FMOLS), and the Dumitrescu and Hurlin (2012) panel causality method, which account for both cross-sectional dependence and slope heterogeneity, we provide robust empirical insights. Our results reveal that while national intellectual capital and institutional quality individually promote green economic growth, their combined interaction may yield diminishing returns. These findings underscore the importance of aligning institutional frameworks with innovation ecosystems. Accordingly, policy initiatives aimed at sustainable development in the Asia-Pacific region should prioritize strategic knowledge management and support technological progress in the context of the Fourth Industrial Revolution.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"5 3","pages":"Article 100366"},"PeriodicalIF":0.0,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148178891","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Impact of environmental policies and innovations on waste management across OECD countries 环境政策和创新对经合组织国家废物管理的影响

Innovation and Green Development Pub Date : 2026-04-01 Epub Date: 2026-04-22 DOI: 10.1016/j.igd.2026.100352

Shahzad Alvi , Imtiaz Ahmad , Viet-Ngu Hoang , Owen Hogan

{"title":"Impact of environmental policies and innovations on waste management across OECD countries","authors":"Shahzad Alvi , Imtiaz Ahmad , Viet-Ngu Hoang , Owen Hogan","doi":"10.1016/j.igd.2026.100352","DOIUrl":"10.1016/j.igd.2026.100352","url":null,"abstract":"<div><div>Amid increasing urbanisation, environmental degradation, and resource constraints, effective waste management is essential for advancing sustainable development and transitioning toward a circular economy across OECD countries. Recognising this imperative, the study investigates the interrelationships among environmental policies, innovations, urbanisation, and waste management within the circular economy framework. Using the Three-Stage Least Squares (3SLS) technique, the results show that increasing environmental policy stringency improves waste treatment but increases waste exports from OECD countries to other nations. Environmental innovations enhance waste treatment and reduce waste disposal. Increasing urbanisation complicates waste management, reduces waste treatment, and increases disposal. These findings highlight the need to integrate rigorous environmental policies with technological innovation to promote more sustainable and equitable waste management practices across OECD countries, anchored in circular economy principles that prioritise resource recovery and closed-loop material flows.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"5 2","pages":"Article 100352"},"PeriodicalIF":0.0,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147749482","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

How is integrated reporting quality influential on ESG risk scores? Pillar-Based evidence from international banks 综合报告质量如何影响ESG风险评分？来自国际银行的支柱证据

Innovation and Green Development Pub Date : 2026-04-01 Epub Date: 2026-04-17 DOI: 10.1016/j.igd.2026.100350

Mert Sarıoğlu , Dilvin Taşkın , Mustafa Tevfik Kartal

{"title":"How is integrated reporting quality influential on ESG risk scores? Pillar-Based evidence from international banks","authors":"Mert Sarıoğlu , Dilvin Taşkın , Mustafa Tevfik Kartal","doi":"10.1016/j.igd.2026.100350","DOIUrl":"10.1016/j.igd.2026.100350","url":null,"abstract":"<div><div>The reporting quality and environment, social, and governance (ESG) scores have become critical in investment and trading decisions. Accordingly, this study finds out the association between Integrated Reporting Quality (IRQ), its pillars, and ESG risk (ESGR) scores of 33 international banks, having Sustainalytics’ ESGR scores and publishing integrated reports between 2020 and 2023. IRQ scores are calculated by considering “Fundamental Concepts”, “Guiding Principles”, and “Content Elements” pillars of IR framework. The findings show that IRQ and its pillars are associated with lower ESGR scores. Also, the robustness of the results is confirmed through green bond issuance and carbon dioxide (CO<sub>2</sub>) emissions. Therefore, the critical contribution of this study is to empirically reveal the role of IRQ in each pillar and to relate them to ESGR. It introduces a multi-pillar scoring approach that provides a replicable framework for assessing IRQ and ESGR scores. By focusing on ESGR, this study suggests a risk-based perspective on IR and presents how reporting quality functions as a governance mechanism for mitigating sustainability-related risks. The results enable a better theoretical understanding of IR as both a risk mitigation and stakeholder communication mechanism and provides insights for regulators, investors, and institutions.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"5 2","pages":"Article 100350"},"PeriodicalIF":0.0,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147709526","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Convergence in renewable energy innovation and its determinants: a consideration of innovation intensity and innovation per capita in OECD countries 可再生能源创新趋同及其决定因素：对经合组织国家创新强度和人均创新的考虑

Innovation and Green Development Pub Date : 2026-04-01 Epub Date: 2026-02-11 DOI: 10.1016/j.igd.2026.100338

Sakiru Adebola Solarin , Hasan Kazak , Muhammad Shahbaz , Ahmet Tayfur Akcan , Melahat Karadag

{"title":"Convergence in renewable energy innovation and its determinants: a consideration of innovation intensity and innovation per capita in OECD countries","authors":"Sakiru Adebola Solarin , Hasan Kazak , Muhammad Shahbaz , Ahmet Tayfur Akcan , Melahat Karadag","doi":"10.1016/j.igd.2026.100338","DOIUrl":"10.1016/j.igd.2026.100338","url":null,"abstract":"<div><div>The purpose of this study is to analyze the convergence dynamics in renewable energy innovation in 25 OECD countries during the period 1990-2022. The research makes a unique contribution to the literature by examining renewable energy innovation in two different dimensions: the number of patents per capita (RPPC) and economic intensity (RPINT) indicators. Stochastic, beta, and sigma convergence tests were applied in a comprehensive approach. The results show a clear trend toward convergence among OECD countries in renewable energy innovation, particularly in terms of innovation per capita. Beta convergence analyses show that this process between countries is influenced by structural factors such as renewable energy consumption, ecological footprint, real GDP per capita, globalization, and financial development. On the other hand, it has been found that countries starting from low levels have recorded faster growth rates in innovation, supported by knowledge and technology transfer. Policy recommendations emphasize increasing public-private partnerships, research and development (R&D) investments, supporting multinational partnerships, and developing country-specific strategies.</div></div>","PeriodicalId":100674,"journal":{"name":"Innovation and Green Development","volume":"5 2","pages":"Article 100338"},"PeriodicalIF":0.0,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146154218","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0