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The Chinese government's use of fiscal policy, which includes fiscal income and spending, is crucial in its fight against environmental pollution and climate change. Innovation‐driven has arisen as a new alternative to reconcile economic success with environmental conservation in light of tighter resource restrictions and the suggestion of the Chinese High‐quality Development policy. The paper uses an econometric model to examine the connection between institutional resource consumption efficiency and carbon neutrality, using a data set consisting of Chinese inter‐provincial panel data from 2007 to 2020 as a research sample; fiscal decentralization is also discussed as a potential moderating factor. Collaborative innovation positively boosts ecological efficiency and produces geographical spillovers, and the findings suggest so long as the economic distance is considered. When it comes to increasing ecological efficiency, collaborative innovation plays a more important role than financial decentralization alone. Among these is the improvement of carbon neutrality, which is best achieved via the joint promotion of ecological efficiency and industrial organizations. By reducing the intensity of the positive effect of innovative cooperation on ecological efficiency, the moderating effect suggests that fiscal decentralization is a critical factor in this relationship. Promoting China's ecological efficiency necessitates a fair distribution of local budgetary spending. China should also actively encourage the degree of synergy between institutional resource consumption efficiency and associated institutions to improve eco‐efficiency. [ABSTRACT FROM AUTHOR]

This article explores the concepts and objectives of green logistics and financial innovation in the context of the BRICS‐T economies (Brazil, the Russian Federation, India, China, South Africa and Turkey) with the aim of achieving carbon neutrality or net‐zero emissions. It outlines a new scientific direction that incorporates the use of knowledge and other areas to apply green innovation, green energy and economic growth to reducing transport‐based CO2 emissions. To examine the identified research gap, the study adopted a novel econometric approach for 2000–2018 and confirmed the 'carbon neutrality' hypothesis. The findings revealed that green logistics, green innovation and renewable resources—which become a strong driving force for executing neutrality—result in net zero emissions and improve environmental sustainability in the BRICS‐T countries. In contrast, financial innovation and economic growth boost transportation emissions and increase environmental degradation. According to the findings of the study, policymakers should prioritize sustainable development strategies in order to achieve 'Carbon Neutrality'. This includes implementing green logistics and promoting green financial innovation. Furthermore, it is suggested that greater support be given to the renewable energy sector, green technologies and sustainable growth to drive sustainable development in the BRICS‐T economies. [ABSTRACT FROM AUTHOR]