Implications of Fiscal and Financial Policies on Unlocking Green Finance and Green Investment

Abstract

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International trade and environmental performance in top ten‐emitters countries: The role of eco‐innovation and renewable energy consumption

“…However, to switch the economy to renewable energy uses, huge investment requires. Private investment is important but insufficient to achieve promotion of environmental‐friendly energies; hence, government support is a sufficient condition Azhgaliyeva et al (2019). The findings of (Al‐Mulali et al, 2016) for seven selected regions support the effective role of renewable energy in the reduction of carbon emissions.…”

“…Besides trade and eco-innovation, several studies introduced REC in the model of CO 2 emissions(Alvarez-Herranz et al, 2017;Azhgaliyeva et al 2019;Bölük and Mert 2015;Inglesi-Lotz and Dogan 2018;Mensah et al 2018).minants, this study also employs pairwise Dumitrescu-Hurlin panel causality test. The results of the study are helpful for evolving policies related to trade, renewable energies, and most importantly eco-innovation.…”

Neither crowding in nor out: Public direct investment mobilising private investment into renewable electricity projects

“…Due to the continued uncorrected environmental externality from climate-changing greenhouse gas emissions, it is unlikely that this is the case in RET project finance. 8 Therefore, claims that government investments into RET deployment can displace putative private investment (Azhgaliyeva et al 2018;Buchner et al 2013;Bürer and Wüstenhagen 2009;Liu 2016) or could even lower the overall amount of RET deployment investment because of market-distorting actions (Torres and Zeidan 2016, OECD 2017; Lo 2014), all of which invoke crowding out, are unconvincing. These analyses would need to move to the macroeconomic level to examine how these public investments fit into the economywide spending flows.…”

Why Is Green Finance Important?

“…A company could use these tax credits to reduce income tax or corporate tax deductions in exchange for investing in renewable energy. The US has extended its production tax and investment tax credit policies until 2020 (Azhgaliyeva, Kapsaplyamova, and Low 2018).…”