Green bond as a new determinant of sustainable green financing, energy efficiency investment, and economic growth: a global perspective

Ning, Yiyi; Cherian, Jacob; Sial, Muhammad Safdar; Otero, Susana Álvarez; Comite, Ubaldo; Zia-Ud-Din, Malik

doi:10.1007/s11356-021-18454-7

Cited by 102 publications

(57 citation statements)

References 46 publications

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“…The coefficients of trade indicate that the amount of green output decreases with time the structure of how much and how much energy is used in industrialization. We had expected these results, and they confirm our suspicions about China’s excessive urbanization and reliance on coal consumption ( Chien et al, 2021 ; Lee and Lee, 2022 ; Ning et al, 2022 ). According to the EDU coefficient, a high degree of traditional education is associated with low green productivity.…”

Section: Resultssupporting

confidence: 68%

How Do Green Finance and Energy Efficiency Mitigate Carbon Emissions Without Reducing Economic Growth in G7 Countries?

2022

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Climate change is one of the most serious threats facing the world today. Environmental pollution and depletion of natural resources have been highlighted by the United Nations Sustainable Development Goals (SDGs), paving the way for modern concepts such as sustainable growth to be introduced. Therefore, this research explores the relationship between green finance, energy efficiency, and CO2 emissions in the G7 countries. The study uses panel data model technique to examine the dependence structure of green finance, energy efficiency, and CO2 emissions. Moreover, we use DEA to construct an energy efficiency index of G7 countries. A specific interval exists between the values of the energy efficiency indexes. Japan, the United Kingdom, and the United States were named the most energy-efficient countries in the world, based on results obtained for five consecutive years in this category. However, according to the comparative rankings, France and Italy are the most successful of all the G7 members, followed by the United Kingdom and Germany. Our overall findings of the econometric model confirm the negative impact of green finance and energy efficiency on CO2 emissions; however, this relationship varies across the different quantiles of the two variables. The findings in the study confirm that green finance is the best financial strategy for reducing CO2 emissions.

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Section: Resultssupporting

confidence: 68%

How Do Green Finance and Energy Efficiency Mitigate Carbon Emissions Without Reducing Economic Growth in G7 Countries?

2022

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“…From 1998 to 2002, the notion of green finance was developed. According to Ning et al (2022) , Green finance is a vital link between the financial and environmental industries and critical financial innovation in the quest for environmental conservation. The green finance theory underwent a steady evolution between 2000 and 2005.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Using the objective rules of ecosystems and ecological processes, Jin et al (2021) contend that humans must control and regularize the natural environments in which they live. Ning et al (2022) said that the mechanical study technique shows that the economic-centric development model will ultimately lead to the nations’ economic crisis if the ecological rules are violated, and the ecosystem is damaged. The ecological economy can only be realized if methodology and ecology are incorporated into economics and harmoniously develop the environment.…”

Section: Literature Reviewmentioning

confidence: 99%

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

Irfan²

2022

Front. Psychol.

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One of the most frequently used terms in climate change discussions is environmental sustainability. With economic growth and foreign direct investment as moderator factors, this study investigates the influence of green finance and financial development on environmental sustainability and growth in ASEAN economies from 2012 to 2019. ADF and Phillip-Peron (PP) unit root tests, fully modified least square (FMOLS), were employed for long-run empirical estimates. A substantial body of evidence supports the study’s findings using VECM technology. Green financing was negatively associated with CO2 emissions. However, environmental sustainability in ASEAN is favorably associated with green financing. It is also worth noting that green financing promotes environmental sustainability at the expenditure of economic growth. Financial development, foreign direct investment, R&D investment, and green technology foster economic expansion at the price of environmental sustainability. There are still many fences to green finance that need to be addressed, including pricing CO2 emissions and reforming inefficient nonrenewable fossil fuel subsidies. Local governments play a vital role in eliminating these barriers and addressing disincentives. It is recommended that policymakers push the financial sector to adopt a green finance strategy to further the goals of long-term sustainable development. Industry must integrate multiple objectives, such as inclusive growth and environmental protection and productivity, through an even broader range of legislative frameworks ideal for decoupling growth from social and ecological unsustainability, at the heart of the green manufacturing process.

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“…Research by Bamisile et al (2021) states that while green finance significantly influences polluting industries, it also significantly stimulates environmentally friendly initiatives. It was found that the mechanism by which GF improved agricultural innovation performance was examined by Ning et al (2022). From 2012 to 2019, Saeed Meo and Karim (2021) used the green patent quantities of Chinese companies as a quasi-natural experiment to see if the green finance policy had any effect on corporate green innovation.…”

Section: Green Economic Recoverymentioning

confidence: 99%

Green Finance Strategies for the Zero-Carbon Mechanism: Public Spending as New Determinants of Sustainable Development

Xing

2022

Front. Environ. Sci.

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A green economy is one that mainstreams nature and people’s concerns and provides well-paying jobs for the economy. In the past, researchers examined the relationship between financial growth and carbon emissions, and very limited studies examined the role of green finance in carbon extenuation. Based on these four indicators, which are sustainable credit, sustainable safety, sustainable insurance, and sustainable asset, a green finance index was developed in this study. In this study, a vector error correction model (VECM) is used to examine associations between the growth level of green finance, public spending, and the zero-carbon mechanism using data from 2005 to 2018. The results of this study indicate that China’s green finance industry had grown quickly, with enhancements in green finance and increased public spending, all contributing to reducing the country’s environmental degradation. The simultaneous increase in carbon intensity slowed the expansion of non-fossil energy usage, reduced the flow of investing in green projects, and finally deteriorated the development of green finance. Furthermore, renewable energy usage in China is chiefly influenced by carbon intensity and green finance, both of which had clear policy-driven consequences. The effects of green finance strategies have consistently fallen short of expectations and lacked consistency. This study makes recommendations for improving the effectiveness of green finance policy implementation and increasing renewable energy to reduce or erode the economic gains of the zero-carbon mechanism.

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Green bond as a new determinant of sustainable green financing, energy efficiency investment, and economic growth: a global perspective

Cited by 102 publications

References 46 publications

How Do Green Finance and Energy Efficiency Mitigate Carbon Emissions Without Reducing Economic Growth in G7 Countries?

How Do Green Finance and Energy Efficiency Mitigate Carbon Emissions Without Reducing Economic Growth in G7 Countries?

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

Green Finance Strategies for the Zero-Carbon Mechanism: Public Spending as New Determinants of Sustainable Development

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