Empirical evidence explores relationships between green finance and ecological footprint, suggesting green growth may mitigate environmental degradation.
Key Points
Green growth and financial globalization significantly impact the ecological footprint, implying the need for eco-friendly policies.
Panel data analysis from 1994 to 2020 reveals a bidirectional relationship, indicating the importance of green finance.
Advanced econometric techniques confirm cointegration exists among green finance variables and ecological outcomes.
Promoting sustainable growth strategies could support environmental objectives while mitigating negative impacts from economic growth.