Sustainability through business model innovation and climate finance in developing countries
Abstract The sustainability challenge facing developing economies has become a topic of debate in recent decades. This research delves into the impact of green finance and enterprise patents on sustainable development indices in distinct groups of developing nations, specifically in Asia and Europe....
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| Format: | Article |
| Language: | English |
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Springer Nature
2025-01-01
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| Series: | Humanities & Social Sciences Communications |
| Online Access: | https://doi.org/10.1057/s41599-024-04297-3 |
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| _version_ | 1832586019996696576 |
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| author | Wei Li Dexiang Wu |
| author_facet | Wei Li Dexiang Wu |
| author_sort | Wei Li |
| collection | DOAJ |
| description | Abstract The sustainability challenge facing developing economies has become a topic of debate in recent decades. This research delves into the impact of green finance and enterprise patents on sustainable development indices in distinct groups of developing nations, specifically in Asia and Europe. By analyzing data from 2000 to 2019, the study unveils a positive correlation between green finance and sustainability. Asian economies experience a 0.32% increase, and European economies a 0.54% increase in sustainability per 1% rise in green finance value. Similarly, enterprise patents contribute positively, with Asian economies witnessing a 0.18% increase and European economies a 0.26% increase per 1% rise in patents. However, challenges such as limited electricity access, exacerbated by electrification, impede sustainability progress. Furthermore, internet access and the poverty ratio negatively affect sustainability. The study recommends targeted policies to enhance sustainability indices, emphasizing incentivizing green investments, strengthening regulatory frameworks, and promoting research and development initiatives in both Asian and European developing economies. |
| format | Article |
| id | doaj-art-d8cefc8dbb3c4d5a82cfef7d8769cafc |
| institution | Kabale University |
| issn | 2662-9992 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Springer Nature |
| record_format | Article |
| series | Humanities & Social Sciences Communications |
| spelling | doaj-art-d8cefc8dbb3c4d5a82cfef7d8769cafc2025-01-26T12:20:38ZengSpringer NatureHumanities & Social Sciences Communications2662-99922025-01-011211810.1057/s41599-024-04297-3Sustainability through business model innovation and climate finance in developing countriesWei Li0Dexiang Wu1School of Economics and Management, Beihang UniversitySchool of Economics and Management, Beihang UniversityAbstract The sustainability challenge facing developing economies has become a topic of debate in recent decades. This research delves into the impact of green finance and enterprise patents on sustainable development indices in distinct groups of developing nations, specifically in Asia and Europe. By analyzing data from 2000 to 2019, the study unveils a positive correlation between green finance and sustainability. Asian economies experience a 0.32% increase, and European economies a 0.54% increase in sustainability per 1% rise in green finance value. Similarly, enterprise patents contribute positively, with Asian economies witnessing a 0.18% increase and European economies a 0.26% increase per 1% rise in patents. However, challenges such as limited electricity access, exacerbated by electrification, impede sustainability progress. Furthermore, internet access and the poverty ratio negatively affect sustainability. The study recommends targeted policies to enhance sustainability indices, emphasizing incentivizing green investments, strengthening regulatory frameworks, and promoting research and development initiatives in both Asian and European developing economies.https://doi.org/10.1057/s41599-024-04297-3 |
| spellingShingle | Wei Li Dexiang Wu Sustainability through business model innovation and climate finance in developing countries Humanities & Social Sciences Communications |
| title | Sustainability through business model innovation and climate finance in developing countries |
| title_full | Sustainability through business model innovation and climate finance in developing countries |
| title_fullStr | Sustainability through business model innovation and climate finance in developing countries |
| title_full_unstemmed | Sustainability through business model innovation and climate finance in developing countries |
| title_short | Sustainability through business model innovation and climate finance in developing countries |
| title_sort | sustainability through business model innovation and climate finance in developing countries |
| url | https://doi.org/10.1057/s41599-024-04297-3 |
| work_keys_str_mv | AT weili sustainabilitythroughbusinessmodelinnovationandclimatefinanceindevelopingcountries AT dexiangwu sustainabilitythroughbusinessmodelinnovationandclimatefinanceindevelopingcountries |