The effect of financial literacy and green innovation technology on green economic sustainability in emerging countries

Abstract

As battery electric vehicles become more prevalent in emerging markets, it is important that policymakers and the public consider their potential to contribute to the reduction of greenhouse gas emissions. This study explores the link between financial knowledge, attitude and green economic sustainability. The study, which was conducted in Indonesia, collected data about 155 individuals. Through a PLS-SEM analysis, the study revealed that financial knowledge and green innovation were related to the attitude toward sustainability. The study also found that green innovation was associated with the economic sustainability of the country. However, it did not find any significant relationship between financial knowledge and green investment. The study revealed that financial literacy is very important for consumers to adopt sustainable practices. It can help them make informed decisions when it comes to the use of battery electric vehicles. This study was conducted after the Indonesian government stated that it would promote the use of green products. Innovation and green investment can help improve the economic sustainability of a country by increasing people's green attitudes and knowledge.