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Green financing of eco-innovations: is the gender inclusivity taken care of?

Author

Listed:
  • Tanaya Saha
  • Avik Sinha
  • Shujaat Abbas

Abstract

The OECD countries are in pursuit of the betterment of environmental quality based on their capability of Eco-innovation. This progression might pave their ways in attaining the Sustainable Developmental Goals (SDGs). Developing a green financing channel for funding is necessary for the sustenance of these projects. However, the potential impact of this project financing mechanism is conditional on the social balance in the economic system. Gender inequality being a major social issue in the OECD countries, it might pose a predicament in attaining the full potential of the green financing of eco-innovations. It is anticipated that the eco-innovation endeavors in the OECD countries are not gender-inclusive, and hence, gender inequality might limit the cognitive aptitude of these endeavors. The present study intends to assess the moderating role of gender inequality on the impact of green financing of eco-innovations for the OECD countries. Using the dynamic elasticity modeling approach, the study finds that the presence of gender inequality dampens the potential of green financing mechanisms to boost eco-innovations. The social imbalance caused by gender inequality also weakens the impacts of the structural and institutional environment to foster innovations. Based on the findings of the study, an SDG-oriented policy framework has been suggested.

Suggested Citation

  • Tanaya Saha & Avik Sinha & Shujaat Abbas, 2022. "Green financing of eco-innovations: is the gender inclusivity taken care of?," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 35(1), pages 5514-5535, December.
    • Handle: RePEc:taf:reroxx:v:35:y:2022:i:1:p:5514-5535
    DOI: 10.1080/1331677X.2022.2029715
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    Cited by:

    1. Raihan, Asif & Ridwan, Mohammad & Rahman, Syed Masiur & Sarker, Tapan & Atasoy, Filiz Guneysu & Islam, Samanta & Kakon, Mifthaul Arefine & Akter, Runa, 2025. "Balancing growth and sustainability: The role of women's empowerment, innovation, and green transitions," Innovation and Green Development, Elsevier, vol. 4(6).
    2. Sheraz, Muhammad & Sinha, Avik & Qin, Quande & Mumtaz, Muhammad Zubair, 2024. "The asymmetric nexus between energy transition and its drivers: New evidence from China," Energy, Elsevier, vol. 310(C).
    3. Su, Mengying & Yang, Zhongyu & Abbas, Shujaat & Bilan, Yuriy & Majewska, Agnieszka, 2023. "Toward enhancing environmental quality in OECD countries: Role of municipal waste, renewable energy, environmental innovation, and environmental policy," Renewable Energy, Elsevier, vol. 211(C), pages 975-984.
    4. Arilla-Llorente, Ramon & Gavurova, Beata & Rigelsky, Martin & Ribeiro-Soriano, Domingo, 2024. "Quantifying the dynamics of relationships between eco-innovations and SDG 8," Energy Economics, Elsevier, vol. 130(C).
    5. Sinha, Avik & Bekiros, Stelios & Hussain, Nazim & Nguyen, Duc Khuong & Khan, Sana Akbar, 2023. "How social imbalance and governance quality shape policy directives for energy transition in the OECD countries?," Energy Economics, Elsevier, vol. 120(C).
    6. Ayad, Hicham & Abbas, Shujaat & Nakhli, Mohamed Sahbi & Jibir, Adamu & Shahzad, Umer, 2023. "Industrial growth, health care policy uncertainty and carbon emissions: Do trade and tax policy uncertainties matter for sustainable development in the USA?," Structural Change and Economic Dynamics, Elsevier, vol. 66(C), pages 151-160.
    7. Shan, Wei & Cheng, Qian & Yu, Xudong & Ma, Zhiqiang, 2024. "Inclusive finance and regional tourism economy: The role of total factor productivity," Finance Research Letters, Elsevier, vol. 67(PA).
    8. Marinko Skare & Beata Gavurova & Viliam Kovac, 2025. "Female entrepreneurship involvement in digital transformation process through perspective of gender employment and pay gaps," International Entrepreneurship and Management Journal, Springer, vol. 21(1), pages 1-21, December.
    9. Al Mamun, Md & Boubaker, Sabri & Hossain, Md Zakir & Manita, Riadh, 2024. "Female political empowerment and green finance," Energy Economics, Elsevier, vol. 131(C).
    10. Hu, Kexiang & Sinha, Avik & Tan, Zhixiong & Shah, Muhammad Ibrahim & Abbas, Shujaat, 2022. "Achieving energy transition in OECD economies: Discovering the moderating roles of environmental governance," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    11. Hailiang, Zeng & Chau, Ka Yin & Waqas, Muhammad, 2023. "Does green finance and renewable energy promote tourism for sustainable development: Empirical evidence from China," Renewable Energy, Elsevier, vol. 207(C), pages 660-671.
    12. Shaista Fatima & Priyanka Tandon & Anurag Bhadur Singh, 2024. "Current state and future directions of sustainability and innovation in finance: a bibliometric review," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 15(5), pages 1591-1614, May.

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    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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