Management of green economic infrastructure and environmental sustainability in one belt and road initiative economies

Abstract

Abstract The study aims to examine the impact of green economic infrastructure on environmental sustainability in one belt and road initiative (OBRI) and sub-regional OBRI economies for the period 1990 to 2019. The study uses two proxies to measure green economic infrastructure namely green logistics and use of the internet. For empirical investigations, the study adopts 2SLS and GMM approaches. Our 2SLS findings demonstrate that green logistics increases CO2 in OBRI and central Asia and reduces CO2 in Europe and MENA. However, GMM findings report that green logistics increases CO2 in OBRI, central Asia, and MENA and reduces CO2 in Europe. While in case of internet, 2SLS findings show that internet use reduces CO2 in OBRI, East and Southeast Asia Europe and increases CO2 in MENA. While GMM findings reveal that use of internet reduces CO2 in OBRI and Europe and increases in East and Southeast Asia and MENA. Based on the findings, environment policies can be revised for OBRI economies.