The contribution of energy use and financial development by source in climate change mitigation process: A global empirical perspective

Riti, Joshua Sunday; Yang, Shu; Song, Deyong; Kamah, Miriam

doi:10.1016/j.jclepro.2017.02.037

Cited by 88 publications

(39 citation statements)

References 91 publications

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“…In case of Asia, a bidirectional relation has been described between FD and CO 2 emissions. Riti, Yang, Song, and Kamah (2017) concluded a study for 90 countries with the arguments that FD decreases CO 2 emissions. The study of Xu et al (2018) conducted for Saudi Arabia suggested that FD does not contribute to CO 2 emissions.…”

Section: Brief Literature Reviewmentioning

confidence: 99%

Nexus between carbon emission, financial development, and access to electricity: Incorporating the role of natural resources and population growth

Khan

Latif

et al. 2020

Journal of Public Affairs

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This study explores the nexus between financial development, access to electricity, and CO2 emissions in Pakistan over the period from 1990 to 2015, incorporating the role of natural resources and population growth. We checked the stationarity of the data by using three different unit root tests (ADF, Phillip Pesaran, and DG‐FLS). Long‐ and short‐run elasticities have been determined through auto‐regressive distributive lag (ARDL) method. The empirical results confirmed that financial development and access to electricity increase CO2 emissions and deteriorate the environmental quality. In addition, the population growth is responsible for growing CO2 emissions in Pakistan, while natural resources have insignificant relation with CO2 emissions. Furthermore, bidirectional causality exists between population growth and natural resources, whereas unidirectional causality is detected among financial development and CO2 emissions, natural resources and population growth, and financial development and population growth. The newly developed findings suggest helpful policy implications to adequately address the issue of CO2 emissions without compromising economic development.

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Section: Brief Literature Reviewmentioning

confidence: 99%

Nexus between carbon emission, financial development, and access to electricity: Incorporating the role of natural resources and population growth

Khan

Latif

et al. 2020

Journal of Public Affairs

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“…[16][17][18][19] The effect of various variables; especially, economic growth, prices, and pollution on RE is a widely studied issue in the literature. For example, financial development, [20][21][22][23][24][25] trade openness, 23,26,27 and globalization 28,29 are recently considered as determinants of RE deployment for small country groups and single countries. As clear from the literature review, only gross domestic product (GDP) (economic growth), oil price, and CO 2 (pollution) are available for a large country group.…”

Section: Introductionmentioning

confidence: 99%

Examining the determinants of renewable energy deployment: Does the choice of indicator matter?

2021

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Comprehending the determinants of renewable energy (RE) deployment has preoccupied the energy literature as well as policymakers internationally due to countries' overall shift away from fossil fuels in the energy mix.As stated in the literature, empirical studies that analyze the determinants of RE deployment use a number of different indicators for RE. The effect of an ambiguous choice of the proxy might produce various outcomes and thus create inconsistencies in the policy recommendations. This study aims at filling this gap in the literature comparing and contrasting not only the use of RE indicators but also, for robustness purposes, using indicators at aggregate and per capita forms for a global sample, developed countries, and developing countries. For the empirical purpose, this study employs two econometric techniques: the pooled ordinary least squares with robust SEs and the augmented mean group estimator, which account for cross- Highlights• This study uses a number of renewable energy indicators to analyze the determinants of renewable energy deployment.

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“…The findings of Khan, Saleem, and Fatima (2017) suggest that financial development reduced CO2 emissions in Pakistan and Bangladesh, but not in India. Khan, Yaseen, and Ali (2017) confirmed bidirectional causality between CO2 emissions and financial development in Asia, while Riti et al (2017) concluded that financial development reduced CO2 emissions in 90 countries. Finally, empirical analysis by Salahuddin et al (2017) suggested that financial development did not account for CO2 emissions in Kuwait.…”

Section: Previous Studiesmentioning

confidence: 88%

Islamic Financial Development, Economic Growth and Co2 Emission in Indonesia

Iskandar¹,

Possumah

Aqbar³

2020

JIMF

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This study aims to investigate the dynamic relationship between Islamic financial development, economic growth, and CO2 emissions with Environmental Kuznets Curve (EKC) approach in Indonesia over the 2000-2018 period. This study employs the Auto Regressive Distributed Lag (ARDL) bound testing approach and the Error Correction Mechanism (ECM) to examine the existence of long-run and short-run relationship between variables. From the results of the model, we do not find any support for the existence of the EKC for Indonesia. Moreover, the results present that there is no dynamic relationship in the short run among growth, Islamic finance development and CO2 emission. Long-run findings suggest that CO2 emission from transport; other sectors, excluding residential buildings and commercial and public services; and residential buildings and commercial and public services sector are significantly associated to the Islamic finance development in Indonesia. The findings of this study shows that Islamic finance development can help the country to adjust its CO2 emissions and play its role in protecting the environment by encouraging environmental-friendly and energy-efficient projects. A strong and efficient financial sector would be helpful in facilitating the investment process by advancing loans for business in condition with curbing CO2 emissions.

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The contribution of energy use and financial development by source in climate change mitigation process: A global empirical perspective

Cited by 88 publications

References 91 publications

Nexus between carbon emission, financial development, and access to electricity: Incorporating the role of natural resources and population growth

Nexus between carbon emission, financial development, and access to electricity: Incorporating the role of natural resources and population growth

Examining the determinants of renewable energy deployment: Does the choice of indicator matter?

Islamic Financial Development, Economic Growth and Co2 Emission in Indonesia

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