How ICT and Green Technologies Shape the Nexus Between Financial Development and Carbon Footprint: Evidence from an N-Shaped EKC

dc.authorid0000-0001-8771-779X
dc.authorid0000-0002-0974-4896
dc.authorid0000-0003-4150-4101
dc.authorid0000-0001-7452-311X
dc.contributor.authorTopaloğlu, Emre Esat
dc.contributor.authorNur, Tuğba
dc.contributor.authorÖzekenci, Süreyya Yılmaz
dc.contributor.authorSakalsiz, Seren Aydıngülü
dc.date.accessioned2026-03-11T06:50:58Z
dc.date.available2026-03-11T06:50:58Z
dc.date.issued2025
dc.departmentİktisadi ve İdari Bilimler Fakültesi
dc.description.abstractThis study explores the effect of financial development, economic growth, ICT, green technologies, and strict environmental policies on environmental sustainability in the states of the European Union from 1996 to 2022. It also evaluates the EKC hypothesis and examines how ICT and green technologies moderate the linkage between financial development and carbon footprint. The Westerlund-Durbin-Hausman cointegration test is used for the long-run relationship. The FMOLS and CUP-FMOLS estimators are used to estimate the long-run elasticity coefficients, providing reliable results. The results reveal an inverted N-shaped linkage between GDP and carbon footprint in EU states, validating the EKC hypothesis. Furthermore, financial development has been found to increase carbon footprints, whereas green technologies, ICT, and stringent environmental regulations have been shown to mitigate these effects. Additionally, the interaction effects of ICT and green technologies with financial development demonstrate a reduction in the carbon footprint. These findings indicate that the EU should integrate the moderating role of innovation into policies addressing the pollution caused by financial development to achieve net-zero emission goals.
dc.identifier.citationTopaloglu, E. E., Nur, T., Yilmaz Ozekenci, S., & Aydingulu Sakalsiz, S. (2025). How ICT and Green Technologies Shape the Nexus Between Financial Development and Carbon Footprint: Evidence from an N-Shaped EKC. Sustainability, 17(22), 10191.
dc.identifier.doi10.3390/su172210191
dc.identifier.issn2071-1050
dc.identifier.issue22
dc.identifier.urihttp://dx.doi.org/10.3390/su172210191
dc.identifier.urihttps://hdl.handle.net/20.500.12507/3521
dc.identifier.volume17
dc.identifier.wos001624576800001
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.institutionauthorÖzekenci, Süreyya Yılmaz
dc.institutionauthorid0000-0003-4150-4101
dc.language.isoen
dc.publisherMDPI
dc.relation.ispartofSUSTAINABILITY
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectENVIRONMENTAL KUZNETS CURVE
dc.subjectECONOMIC-GROWTH
dc.subjectCO2 EMISSIONS
dc.subjectECOLOGICAL FOOTPRINT
dc.subjectDEGRADATION
dc.subjectDEPENDENCE
dc.subjectCOUNTRIES
dc.subjectQUALITY
dc.subjectFINTECH
dc.subjectIMPACT
dc.titleHow ICT and Green Technologies Shape the Nexus Between Financial Development and Carbon Footprint: Evidence from an N-Shaped EKC
dc.typeArticle

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