Management of Green Economic Infrastructure and Environmental Sustainability in One Belt and Road Enitiative Economies.

Abstract

Green infrastructure has been considered as one potential solution for improving air quality as well as enhancing environmental sustainability in the modern era. Therefore, the study aims to examine the impact of green economic infrastructure on environmental sustainability in one belt and road initiative (OBRI) economies for the period 2007 to 2019. For empirical investigations, the study adopts 2SLS and GMM approaches. The study uses three proxies to measure green economic infrastructure, namely, green logistics, use of the internet, and green technology. Our 2SLS findings demonstrate that green logistics increases CO2 in OBRI, Central Asia, MENA and reduces CO2 in Europe. However, GMM findings report that green logistics increases CO2 in OBRI, central Asia, and MENA and reduces CO2 in Europe. While our 2SLS findings show that internet use reduces CO2 in OBRI and East and Southeast Asia Europe and increases CO2 in MENA. While GMM findings reveal that the use of the internet reduces CO2 in OBRI and Europe and increases in East and Southeast Asia and MENA. While green technology also enhances environmental sustainability in OBRI. Based on the findings, environmental policies can be revised for OBRI economies.