Achieving the seventh Sustainable Development Goal which is clean energy at affordable prices depending on technological innovation is one of the most strategic objectives of Egypt, aiming at mitigating carbon dioxide emissions and enhancing sustainable economic growth (IRENA 2018b). Based upon this goal, the study explores the relationships among carbon dioxide emissions, technological innovation, alternative energy resources, economic growth, and financial development in Egypt over the period 1971-2014. Auto-regressive distributed lag (ARDL), fully modified ordinary least square (FMOLS), Stock and Watson dynamic ordinary least square (DOLS), and Toda-Yamamoto approaches are employed. The results show the existence of cointegration among the variables. Moreover, empirical results show that while technological innovation and alternative energy resources improve environmental quality, financial development and economic growth deteriorate it. The findings obtained from Toda-Yamamoto approach reveal the existence of bi-directional causal relation between environmental degradation and economic growth. Also, environmental degradation causes technological innovation and financial development causes environmental degradation and economic growth. Thus, several policy implications should be suggested to policymakers as enhancing the development of technological innovation especially in renewable energy sector to improve environmental quality.

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技术创新和金融发展会改善埃及的环境质量吗？

实现第七个可持续发展目标是依靠技术创新以可承受的价格提供清洁能源，这是埃及的最具战略意义的目标之一，旨在减少二氧化碳的排放并促进可持续的经济增长（IRENA 2018b）。基于此目标，该研究探索了1971-2014年期间埃及的二氧化碳排放量，技术创新，替代能源，经济增长和金融发展之间的关系。使用自回归分布滞后（ARDL），完全修改的普通最小二乘（FMOLS），Stock和Watson动态普通最小二乘（DOLS）和Toda-Yamamoto方法。结果表明变量之间存在协整关系。此外，实证结果表明，尽管技术创新和替代能源改善了环境质量，但金融发展和经济增长却使其恶化。从户田-山本方法获得的发现揭示了环境退化与经济增长之间存在双向因果关系。同样，环境退化导致技术创新，而金融发展则导致环境退化和经济增长。因此，应向决策者建议一些政策含义，以促进技术创新的发展，尤其是在可再生能源领域，以改善环境质量。从户田-山本方法获得的发现揭示了环境退化与经济增长之间存在双向因果关系。同样，环境退化导致技术创新，而金融发展则导致环境退化和经济增长。因此，应向决策者建议一些政策含义，以促进技术创新的发展，尤其是在可再生能源领域，以改善环境质量。从户田-山本方法获得的发现揭示了环境退化与经济增长之间存在双向因果关系。同样，环境退化导致技术创新，而金融发展则导致环境退化和经济增长。因此，应向决策者建议一些政策含义，以促进技术创新的发展，尤其是在可再生能源领域，以改善环境质量。