Order financing for promoting green transition

Wang, Chan; Li, Xinwu; Wen, Hong‐xing; Nie, Pu‐yan

doi:10.1016/j.jclepro.2020.125415

Cited by 55 publications

(16 citation statements)

References 30 publications

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“…The aim of the study is to investigate the impact of green finance on environmental sustainability. Heterogeneous interests characterize green financial engagement ( Wang et al, 2021 ). Policy and regulations developed by the ASEAN promote green finance.…”

Section: Introductionmentioning

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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Section: Introductionmentioning

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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“…Arguing on Fintech and green finance, Dorfleitner and Braun ( 2019 ) have asserted that Fintech can mobilize green finance prospectively because Fintech provides facilitation to access to new sources of finance and investment. Fintech role is evident in providing green financing by combining big data and artificial intelligence to accelerate the transition to a green economy (Wang et al 2021a , b ). Cen and He ( 2018 ) have stated that Fintech contributes to ensuring green finance.…”

Section: Introductionmentioning

confidence: 99%

Impact of Green financing, FinTech, and financial inclusion on energy efficiency

Liu

Yao

Latif

et al. 2021

Environ Sci Pollut Res

151

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In modern times, enhancing energy efficiency is one of the core agenda items for the economies to progress the world. United Nations general assembly has recommended increasing energy efficiency by considering the SDG-7 guidelines. In the contemporary period, E7 economies are deficient in producing the financial resources to ensure the availability of funds for the acquisition of energy efficiency. COVID-19 crises, lack of resilience in economies, devastating fiscal burdens, and tight monetary conditions of E7 economies are the major barriers. To resolve such issues, some innovative financing techniques, such as green financing, financial inclusion, and FinTech, were suggested to investigate. However, this research tested the empirical role of financial inclusion, green financing, and FinTech on the energy efficiency of E7 economies. Study findings have shown a significant role of such financing techniques on energy efficiency. Comparatively, green financing is found most fitting and highly supportive financing tool for energy efficiency among the three. The differences in attributes, financing mechanism, funds flow system, transection systems, and variation in support by the financial institution are the main reasons that lessen the role of financial inclusion and FinTech for energy efficiency. However, theorists must revisit the transaction system of FinTech and financial inclusion parameters like green bonds for energy efficiency attainment. Policymakers are suggested to develop viable and energy system-friendly policies to grant green finance to the energy systems of E7 economies, as conveniently as possible.

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“…Moreover, a rise in consumer awareness about climate shift is also responsible for choosing green bonds (Bagnoli and Watts, 2020). Furthermore, public pension funds, foundations, FIs, development institutions, responsible investors in UN and Europe have shown willingness to pay for dual impact venture capital and are likely to make ethical investments for green transition (Barber et al, 2021;Wang et al, 2021).…”

Section: Performance Review and General Informationmentioning

confidence: 99%

Green and socially responsible finance: past, present and future

Dervi

Khan

Saba

et al. 2022

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PurposeGreen finance has shown the importance of being socially responsible and supporting the flow of financial instruments to develop environmentally sustainable and ethical business models. The growing trends raised the need for a quantitative study to address scientific performance analysis and intellectual development. This paper aims to cater quantitative statistics, through a bibliometric review to understand the vital intellectual and influential constitution of green and socially responsible finance.Design/methodology/approachThe authors apply trending and cutting-edge quali-quantitative approach of bibliometric citation analysis and review of 280 journal articles from the Web of Science database for the period of 1981–2021.FindingsThe results identify the leading academic authors, journals, institutions and countries with relation to green and socially responsible finance literature. We also discuss three research streams in this field: (1) overview of green finance, perception and investor behavior; (2) analysis of performance models and growth factors of green finance; (3) pricing mechanism of SRI. Finally, we identify the research gaps within existing green finance literature, proposing 30 research questions for the future agenda.Research limitations/implicationsThe study confines on the Web of Science database, English published articles in known journals and reviews only. It relies on a reputable source and top scientific productions with the most direct link to green finance.Originality/valueTo the best of the authors knowledge, this paper is the first to discuss research streams in the literature of Green finance from a bibliometric aspect along with vast coverage of articles from reputed journals and databases till date. The results of this research along with future research questions will guide the researchers and academicians to further explore and stand on solid quantitative basis regarding the scientific development of Green finance.

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Order financing for promoting green transition

Cited by 55 publications

References 30 publications

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

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

Impact of Green financing, FinTech, and financial inclusion on energy efficiency

Green and socially responsible finance: past, present and future

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