Does green finance mitigate the effects of climate variability: role of renewable energy investment and infrastructure

Abstract

Few researches have inspected the task of green finance in reducing CO 2 emissions, while earlier studies have inspected the influence of economic development on carbon emissions. A green finance development index is built using four indicators to fill in this knowledge gap: green credit, green insurance, green securities, and green investing. Using data spanning the years 2005–2019, a panel quantile regression is applied to investigate the links between green finance, renewable energy, and CO 2 emissions. Increases in renewable energy use and advances in the green finance development index have contributed to a reduction in CO 2 emissions from BRICS countries. CO 2 emissions on the other hand slowed the growth of renewable energy use, slowed the flow of investment to green projects, and ultimately hampered the development of green finance. There was also a clear policy-driven influence on renewable energy spending in the countries of the BRICS region. Green finance policies, on the other hand, have consistently failed to have a long-term impact. Therefore, rising the consumption of renewable energy and creating a carbon trading market are all part of this study’s recommendations for green finance policy improvement.

Nexus Between Financial Development, Renewable Energy Investment, and Sustainable Development: Role of Technical Innovations and Industrial Structure

“…Consequently, China's current energy consumption structure needs to be revised to reduce the country's levels of air pollution and increase the effectiveness of energy consumption (Mngumi et al, 2022 ). To accomplish this goal, the government and businesses will need to collaborate.…”

“…It is the government's responsibility to develop appropriate policies that will not only direct the implementation of consumption structure upgrades in energy-intensive industries but will also encourage the use of clean energy across the entire country. In the process of developing policies to protect the environment, it is essential to take into account regional variations, such as increasing rates of seniority and the proportion of people employed in service industries (Chien et al, 2021 ; Hai Ming et al, 2022 ; Mngumi et al, 2022 ; Nasir et al, 2022 ). As a direct result of this, China is in a position to impose stricter environmental regulations and higher business entry barriers.…”

Does Green Financing Develop a Cleaner Environment for Environmental Sustainability: Empirical Insights From Association of Southeast Asian Nations Economies

“…ASEAN’s growth has been primarily driven by the green credit and green bond markets. Although new green financial products can draw public money third-party authorization bodies lack a clear definition of the standards for evaluating green initiatives, simply leading to the phenomenon that green projects are expelled by non-low-carbon projects ( Mngumi et al, 2022 ).…”

The Impact of Renewable Energy on Carbon Neutrality for the Sustainable Environment: Role of Green Finance and Technology Innovations

“…This scenario is based on a scenario in which renewable energy sources have gradually emerged as the leader of the pack. In addition to satisfying the demand for an endless supply of energy, they can also meet t A range of renewable energy sources, especially those that don't generate greenhouse gases, are needed (Bhuiyan et al, 2018;Mngumi et al, 2022).…”