The Impact of Green Technological Innovation, Financial Development on Green Energy Transition: Evidence from Pakistan

Abstract

This research aims to explore the nexus between financial development, green technological innovation, and green energy transition in Pakistan. The association is explored using secondary data comprising the period 2005–2023, sourced from the World Bank database and analyzed using E-Views software. The findings indicate that all variables have a positive effect on green energy transition; however, financial development shows a significant association whereas green technological innovation shows an insignificant association. The study emphasizes the importance of stronger institutional frameworks and innovation-friendly policies to improve green transition outcomes in Pakistan.