The environmental regulation and policy assessment effect on the road to green recovery transformation

This study examines how environmental regulation supports the development of a green economy through green technology innovation. We also study the impact of new regional environmental regulations and their different types on the emergence of new initiatives. However, past research has ignored the effect of economic growth on environmental regulation. Accordingly, we predict that 29 developing nations with strong environmental policies will benefit from the new regional environmental regulations. Our findings demonstrate that new environmental regulations are significantly and positively correlated with low levels of economic development. Other economic development growth results have a weaker but still significant association and are not significantly associated with lnFDI transformations, with the emergence of environmental regulation start-ups. The generation of gray knowledge also significantly affects both gray and green environmental regulations. Additionally, we discovered that stricter environmental regulatory frameworks negatively impacted the start-up of new businesses across various sectors, particularly the fossil fuel industry. Moreover, we distinguish between the high and low impacts of environmental regulations in various cities and offer applicable strategies for emerging economies.