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Financial development as a viable tool in nation-building and economic expansion is generally established in growth empirics. That notwithstanding, its roles in the drives towards environmental sustainability have received commending and reprimanding views in recent times. However, empirical study advancing the asymmetric effects of financial development from the broader view of measures seems limited and evolving. Hence, the present study investigates the positive and negative effects of financial development measured by broad money and domestic credit to the private sector on environmental sustainability (CO2 emissions and ecological footprint) in the Emerging Seven (E7) economies from 1995 to 2019. The empirical evidence considers the intervention of government policy through fiscal policy instruments (government spending and tax revenue), eco-digitalization, affluence, and population growth in a STIRPAT framework. The main analyses focus on advanced estimators such as pool mean group, mean group, dynamic fixed effects, and panel quantile regression. Feedback shows that negative shocks from financial development captured by broad money induce more surges in CO2 emissions. Similarly, the negative shocks from domestic credit to private sectors promote CO2 emissions, while the positive shocks moderate the emissions. The findings also uncover eco-digitalization as a viable tool to achieve environmental sustainability in the E7 economies. Furthermore, the measures of fiscal policy have differing impacts on environmental sustainability as evident from the positive and negative signs attributed to government expenditure and tax revenue. Moreover, affluence and population growth exacerbate CO2 emission surges. Policy insights that drive environmental sustainability are suggested based on the findings. [ABSTRACT FROM AUTHOR]

Climate change presents challenges for both industrialized and developing nations, primarily due to insufficient pollution control. Increased fossil fuel usage escalates pollution levels, emphasizing the need to integrate more renewable energy into the energy mix, particularly to reduce carbon emissions. Consequently, public investment in renewable energy becomes pivotal to enhance the necessary technology for green energy production. Human development and technological progress play a crucial role in advancing green energy and ensuring environmental sustainability. This study addresses whether clean energy and technology can foster ecological sustainability in the G7 while considering human development. Findings emphasize the significance of public investments in renewable energy projects, technical innovation, and human development. Such investments are essential for augmenting renewable energy shares and lowering carbon emissions in the long run. The study proposes relevant policies to help G7 nations achieve United Nations Sustainable Development Goals related to green energy transition (SDG-7), environmental sustainability (SDG-13), and innovation (SDG-9). In essence, prioritizing renewable energy investment and innovation is imperative for sustainable development. [ABSTRACT FROM AUTHOR]

This document is a correction notice for an article titled "Can clean energy and technology address environmental sustainability in G7 under the pre-set of human development?" published in the journal Environmental Science & Pollution Research. The correction addresses a mistake in the author's contribution details provided for the paper. The correct author contributions are listed, and the publisher apologizes for any confusion or inconvenience caused. The publisher also notes that they remain neutral regarding jurisdictional claims and institutional affiliations. [Extracted from the article]