This paper aims to inform policy and research in the domain of tourism and hospitality on the role of innovation and entrepreneurship. The paper applies the review research methodology to collate, comprehend, and synthesise 139 papers selected through a standard procedure. Our findings show that innovation drives growth and value in new tourism and hospitality firms. The study examines external factors, particularly government policies, influencing industry stakeholders’ entrepreneurial orientation and the macroeconomic environment affecting entrepreneurial activities. It also highlights the importance of social entrepreneurship in industry innovation and sustainability. This article emphasises the importance of innovation and entrepreneurship in tourism and hospitality growth, value creation, and social and environmental issues.

This study delves into the intricate relationship between financial digitization and green innovation, aiming to shed light on their dynamic interplay within a global context. Spanning from 2003 to 2020, the study encompasses 15 diverse countries, encompassing both developed and emerging economies, including Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, South Africa, Turkey, the United Kingdom, and the USA. It not only explores the direct connection between financial digitization and green innovation but also takes into account various controlling factors such as economic growth, industrial value addition, research and development expenditure, and gross national expenditure. The key findings from quantile regression reveal financial digitization have a significant positive effect, indicating that in countries with lower green innovation levels, an increase in digital financial services significantly boosts green innovation. This positive impact persists across quantiles, even in countries with higher green innovation levels, albeit to a lesser degree. Economic growth consistently shows a negative association with green innovation across all quantiles. Research and development expenditure consistently demonstrate a positive relationship with green innovation across all quantiles, emphasizing that countries allocating a higher percentage of their economic growth to research and development expenditure activities experience substantial increases in green innovation. This underscores that countries allocating a higher percentage of their economic growth to research and development expenditure activities experience substantial increases not only in green innovation but also in the facilitation of green finance initiatives.

Research background: Tourism plays a central role in global economic development and cross-cultural exchange. In the wake of the COVID-19 pandemic, there has been a growing focus on integrating sustainability, innovation, and equity into tourism practices. Traditional models have often overlooked the complex interplay of social, environmental, and economic challenges faced by destinations. This has spurred a rethinking of tourism development, driven by community empowerment, climate concerns, and technological advances. Purpose of the article: The study aims to explore how a transformative approach to tourism can be achieved by centering community participation, embracing sustainability, and incorporating innovative social practices. It focuses on the intersections of social innovation, ruralluxury travel, heritage preservation, and inclusive governance. The authors seek to construct a conceptual framework that captures emerging themes and sub-themes within sustainable tourism, offering practical insights for policymakers and industry stakeholders. Methods: An integrative review approach was applied, guided by PRISMA methodology. Following keyword extraction, topic modeling was conducted using Latent Dirichlet Allocation (LDA), a widely used technique for discovering hidden topics in text data. Over 12,000 academic sources from the Scopus database were synthesized. A conceptual model was developed through inductive analysis to identify interrelationships between tourism-related themes. Findings & value added: The key findings highlight the transformative potential of strategies that align tourism practices with environmental stewardship, local empowerment, and innovative management approaches. The study underscores actionable implications such as the establishment of innovation hubs, and cross-sector partnerships, offering pathways to foster a tourism sector that not only supports global sustainable development goals, but also ensures long-term community resilience and equitable development.

Decarbonizing the power sector is central to achieving the Paris Agreement's temperature goals, yet rigorous evidence on whether binding climate commitments actually deliver measurable reductions in electricity-sector emissions remains scarce. This paper asks whether the formal adoption of binding climate commitments reduces power-sector emission intensity in G20 economies, and whether green bond issuance amplifies this effect. We construct an annual panel for 19 G20 countries over 2014–2024, combining satellite-based power-sector CO2 emissions, macroeconomic indicators, hand-coded policy adoption dates, and country-level green bond issuance. Exploiting the staggered adoption of Paris-aligned commitments between 2016 and 2022 as quasi-experimental variation, we apply heterogeneity-robust difference-in-differences and event-study estimators. We find that binding climate commitments reduce power-sector emission intensity by approximately 9–12%, with effects emerging immediately at adoption and persisting for at least seven years without significant attenuation. These reductions reflect genuine absolute emission cuts rather than slower GDP growth, providing evidence of strong decoupling in the G20 power sector. By contrast, green bond intensity does not exert a statistically significant incremental effect once policy adoption is accounted for, suggesting that regulatory commitment — rather than labelled financial flows is the primary driver of observed decarbonisation at current scales. Effects are systematically larger in high-income and high-emitting countries. The study offers one of the first post-Paris, sector-specific causal evaluations across the full G20, embeds green finance within a formal policy evaluation framework, and demonstrates the value of modern event-study designs for climate policy analysis.