Carbon neutrality targets, optimal environmental management strategies &amp; the role of financial development: New evidence incorporating non-linear effects and different income levels

Thampanya, Natthinee; Wu, Junjie; Cowton, Christopher J.

doi:10.1016/j.jenvman.2021.113352

Cited by 14 publications

(8 citation statements)

References 48 publications

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“…Most countries in the ECA region are high-income countries, while high-income countries and upper-middle-income countries in the AC region account for half of them. According to Ehigiamusoe and Lean23 and Thampanya et al 36 financial development in high-income countries is negatively correlated with carbon emissions, and financial development in middle-income countries is positively correlated with carbon emissions. Financial development can attract foreign investment and can accelerate economic growth through import and export trade, and developed countries will choose to establish high-polluting enterprises in countries with lower income levels.…”

Section: Empirical Analysismentioning

confidence: 98%

Research on the impact of financial development in different regions on the decoupling of carbon emissions from economic growth

Huang

Guo

2022

Energy & Environment

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The decoupling of carbon emissions has also become the dependence of countries’ development. Finance plays an important role in decoupling economic development from carbon emissions. This paper explores the impact of financial development in different regions on the decoupling of carbon emissions from economic growth, using the Tapio decoupling elastic model and the method of fully modified least squares (FMOLS) to study the impact of financial development on carbon emissions in six regional panels from 1995 to 2020: and Foreign direct investment (FDI), urbanization, population, and infrastructure as control variables. The results turn out that financial development will promote the decoupling of carbon emissions from economic growth in the ECA region. For EAP, SSA, AC, SA, and MENA regions, financial development will promote the growth of carbon emissions, and due to the different economic development dynamics of different countries, the positive effects of financial development on carbon emissions are heterogeneous. The impact of FDI, urbanization, and infrastructure on carbon emissions varies from region to region. The population will promote the growth of carbon emissions, regardless of the region. In addition, the ECA region is the most countries that has achieved the strong decoupling and is the first to realize the transition from weak decoupling to strong decoupling. Therefore,the ECA, EAP and AC region should accelerate the construction of a green financial system to promote the decoupling of economic growth and carbon emissions. The SSA, SA and MENA region should speed up the transformation of economic development mode and move towards weak decoupling or even strong decoupling.

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Section: Empirical Analysismentioning

confidence: 98%

Research on the impact of financial development in different regions on the decoupling of carbon emissions from economic growth

Huang

Guo

2022

Energy & Environment

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“…There are few studies related to carbon neutrality in the literature (Lahiani et al, 2021;Shan et al, 2021;Qin et al, 2021;Tan et al, 2021;Shi et al, 2021;Liu et al, 2021;Thampanya et al, 2021;Su et al, 2021;Dong et al, 2022;Murshed et al, 2022). In addition, the relationships between the variables used in our study were investigated for different countries in the literature (Gokmenoglu et al, 2020;Akca, 2021;Malik, 2021;Baydoun and Aga, 2021;Kirikkaleli et al, 2022;Adebayo et al, 2022;Usman et al, 2022;Hung et al, 2022;Abid et al, 2022;Anwar et al, 2022).…”

Section: The Role Of Economic Factors In Turkey's Carbon Neutrality T...mentioning

confidence: 99%

Türkiye’nin Karbon Nötrlüğü Hedefinde Ekonomik Faktörlerin Rolü

YILDIZ

2023

EPF Journal

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Son yıllarda artış gösteren çevresel bozulmalar, dünyada pek çok canlının hayatını olumsuz yönde etkilemektedir. Ülkeler refah düzeylerini artırırken, dünyaya verdikleri zararı çoğu zaman göz ardı etmektedirler. Ancak son on yıla damgasını vuran iklim değişikliği ve sıra dışı hava olayları sorunun ciddiyetini bir kez daha gözler önüne sermiştir. Şüphesiz bu durumun en önemli sebeplerinden birisi ülkelerin ekonomik faaliyetleridir. Bu doğrultuda çalışmada Türkiye’de ekonomik büyüme ve finansal gelişmenin karbon nötrlüğü üzerindeki etkilerinin araştırılması amaçlanmıştır. 1980-2020 dönemi verileri ile gerçekleştirilen analizlerde eşbütünleşme ilişkisinin tespit edilmesi amacıyla ARDL sınır testi kullanılmıştır. ARDL testi uzun dönem tahminlerinin sağlamlık kontrolü için FMOLS, DOLS ve CCR eşbütünleşme regresyonları uygulanmıştır. Uzun ve kısa dönem katsayı tahminlerine göre hem finansal gelişme hem de ekonomik büyüme karbon nötrlüğünü pozitif yönde etkilemekte ve Türkiye’nin 2050 yılı karbon nötrlüğü hedefine ulaşmasını engellemektedir. Ayrıca Türkiye için EKC hipotezinin geçerliliği ortaya konulmuştur. Nedensellik testi sonuçları kısa ve uzun dönemde tüm değişkenler arasında çift yönlü nedenselliğin varlığını göstermektedir. Çalışma, Türkiye’de karbon nötrlüğü literatürüne katkı sağlayarak politika yapıcılar için öneriler sunmaktadır.

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“…Following and extending the work of Thampanya et al (2021), NARDL is used to explore the responses in inclusive growth due to the increase and decrease in financial development in Asia which is also a robustness check. The NARDL model specifications are as follows:…”

Section: Panel Nardl Modelmentioning

confidence: 99%

The Impact of Financial Development, Renewable Energy Consumption, and ICT-oriented Strategies on Inclusive Growth of Asian Economies

2023

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This study aims to accentuate the role of financial development, renewable energy consumption, and ICT-oriented strategies to achieve inclusive growth in 21 Asian economies from 1995-2019. The long-run findings of panel linear ARDL reveal positive but insignificant responses in inclusive growth to financial development. Whereas, the estimates of panel NARDL depict that financial development’s positive and negative movements boost inclusive growth significantly. Interestingly, both techniques provide significant but contradictory outcomes for the effects of renewable energy on inclusive growth. Moreover, the results confirm that the individual impact of financial development and ICT increases but their interaction decreases inclusive growth. It indicates that ICT fails to complement the financial sector in enhancing inclusive growth. Therefore, the study recommends improving ICT infrastructure through the appropriate investment so that it could complement the financial sector effectively to achieve inclusive growth. It implicates for the stakeholders to boost the efficiency of the financial intermediaries and equitable access to digital finance and clean energy to attain inclusive growth.

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Carbon neutrality targets, optimal environmental management strategies & the role of financial development: New evidence incorporating non-linear effects and different income levels

Cited by 14 publications

References 48 publications

Research on the impact of financial development in different regions on the decoupling of carbon emissions from economic growth

Research on the impact of financial development in different regions on the decoupling of carbon emissions from economic growth

Türkiye’nin Karbon Nötrlüğü Hedefinde Ekonomik Faktörlerin Rolü

The Impact of Financial Development, Renewable Energy Consumption, and ICT-oriented Strategies on Inclusive Growth of Asian Economies

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