Does green innovation mitigate CO emission, transport emission and carbon intensity in Asian developing economies?

This study investigates the long-term impact of green technology innovation (GTI) on carbon dioxide emissions (CO), including transport-related emissions (COT) and the carbon intensity of GDP (COI), across twenty selected Asian developing economies. To address cross-sectional dependence and heterogeneity across countries, the analysis employs advanced panel data techniques such as Fully Modified Ordinary Least Squares (FMOLS), Dynamic Ordinary Least Squares (DOLS), Pooled Mean Group (PMG), and Augmented Mean Group (AMG) estimators. The empirical results demonstrate that GTI significantly reduces CO, COT, and COI in the long run across all model specifications.