Integrating Green Finance, Economic Complexity, and Renewable Energy for Sustainable Development in Asia

Abstract

The primary aim of this research is to conduct a comprehensive examination of the existing theoretical and empirical frameworks concerning green finance, renewable energy, and the economic complexity index, focusing on their roles as central determinants of sustainable development in Asian countries from 1990 to 2023. The study starts with a detailed overview of the pertinent issues, setting the stage for a deeper investigation. It methodically reviews and discusses the relevant literature, extracting key theoretical and empirical insights that contribute significantly to the understanding of these complex relationships. This paper also introduces several dynamic dimensions for future research, aiming to expand and enrich the academic discourse surrounding these topics. It explores the impact of green finance, the economic complexity index, and renewable energy on fostering sustainable development within these nations, attempting to unravel the complex interactions between these factors. The research aims to provide actionable insights that could aid policymakers and stakeholders in enhancing sustainability initiatives. Furthermore, this study makes a significant contribution to the fields of green finance, economic complexity, and sustainable development. It does so by critically analyzing and synthesizing the existing body of knowledge, thereby offering a more integrated perspective that could inform future policies and practices. This comprehensive approach helps bridge gaps in the current literature and suggests pathways through which Asian countries can achieve sustainable development goals effectively.