Abstract
Green investment yields financial returns while positively influencing the environment. Several empirics have tried to find the factors that impact green investment, but none of them has focused on energy security risks and ICT as potential determinants of green investment. This analysis intends to scrutinize the influence of energy security risk and ICT on green investment from 1996 to 2021 with the help of a novel CS-ARDL model. The findings confirm the positive association between energy security risks and long-term green investment globally and in Asia, America, Europe, and Africa. Similarly, ICT boosts green investment in the long term globally and in America and Europe. Carbon emissions also escalates green investment globally and in Asia, America, Europe, and Africa. However, GDP boosts green investment globally and in Asia, America, and Europe, while FD boosts green investment globally and in America and Europe. Lastly, trade openness also increases green investment in Asia and America in the long run. The short-term impacts are mostly insignificant except for the GDP, CO2, and financial development variables, which boost green investment in one or two regions. Thus, governments should strategize to encourage ICT for sustainable green investments.
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