Green finance investment and climate change mitigation in OECD-15 European countries: RALS and QARDL evidence

被引：8

作者：

Ali, Mumtaz ^{[1
]}

Seraj, Mehdi ^{[2
]}

Turuc, Fatma ^{[3
]}

Tursoy, Turgut ^{[1
]}

Uktamov, Khusniddin Fakhriddinovich ^{[4
]}

机构：

[1] Near East Univ, Dept Banking & Finance, Nicosia, North Cyprus, Turkiye

[2] Near East Univ, Dept Econ, Mersin 10, Nicosia, North Cyprus, Turkiye

[3] Eastern Mediterranean Univ, Dept Econ, Mersin 10, Famagusta, North Cyprus, Turkiye

[4] Tashkent State Univ Econ Tashkent City, Econ Secur Dept, Tashkent, Uzbekistan

来源：

ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY | 2024年 / 26卷 / 11期

关键词：

Climate change; Green finance investment; Renewable energy; Foreign direct investment RALS and QARDL; OECD-15 European countries; RENEWABLE ENERGY-CONSUMPTION; ECONOMIC-GROWTH; CO2; EMISSIONS; TECHNOLOGICAL-INNOVATION; ERROR-CORRECTION; TRADE OPENNESS; EKC; COINTEGRATION; DETERMINANTS; IMPACTS;

D O I：

10.1007/s10668-023-03765-1

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

Green finance is an organized financial activity meant to improve the environment. Regardless of its critical role in mitigating climate change, green finance faces a significant investment shortfall. Green financing is a feasible way to close the gap in green investment. Despite the potential benefits of green finance in green renewable energy technologies, this study topic has received little attention. Investment in green energy projects draws attention since it eliminates the negative consequences of fossil fuels while also conserving the environment. This research looks into the nexus between investments in green finance, renewable energy consumption, carbon dioxide, foreign direct investment, remittances, inflation, gross fixed capital formation, trade openness, and human capital for the OECD-15 European countries, utilizing newly developed "Residual Augmented Least Squire" (RALS) cointegration technique and the QARDL model for the period spanning from 1990 to 2020. In empirical results, the RALS cointegration test confirms the cointegration link between the studied antecedents. Additionally, "Quantile Autoregressive Distributed Lag Mondel" (QARDL) empirical estimates show that the lag of renewable energy consumption, foreign direct investment, gross capital creation, trade openness, and human capital all have substantial influence on green finance investment. Carbon dioxide emissions and inflation, on the other hand, are proven to be adversely related. However, remittances have a negligible relationship with green finance investment. The results of this research provide insightful information on the state of green finance investments now and their requirements in the future. These insights will be beneficial for researchers, policymakers, and practitioners as they work towards enhancing and advocating for the implementation of green finance investment initiatives and endeavors aimed at mitigating climate change.

引用

页码：27409 / 27429

页数：21

共 39 条

[21] Technology transfer, climate change mitigation, and environmental patent impact on sustainability and economic growth: A comparison of European countries [J].

Ferreira, Joao J. M. ;

Fernandes, Cristina I. ;

Ferreira, Fernando A. F. .

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2020, 150

[22] Connecting Blue Economy and Economic Growth to Climate Change: Evidence from European Union Countries [J].

Badircea, Roxana Maria ;

Manta, Alina Georgiana ;

Florea, Nicoleta Mihaela ;

Puiu, Silvia ;

Manta, Liviu Florin ;

Doran, Marius Dalian .

ENERGIES, 2021, 14 (15)

[23] The effect of climate change on economic growth in European countries: an empirical evidence from Panel ARDL approach [J].

Asma khoualfia ;

Wajdi Bardi .

Environmental Science and Pollution Research, 2025, 32 (2) :736-748

[24] The climate change mitigation impacts of active travel: Evidence from a longitudinal panel study in seven European cities [J].

Brand, Christian ;

Gotschi, Thomas ;

Dons, Evi ;

Gerike, Regne ;

Anaya-Boig, Esther ;

Avila-Palencia, Ione ;

de Nazelle, Audrey ;

Gascon, Mireia ;

Gaupp-Berghausen, Mailin ;

Iacorossi, Francesco ;

Kahlmeier, Sonja ;

Panis, Luc Int ;

Racioppi, Francesca ;

Rojas-Rueda, David ;

Standaert, Arnout ;

Stigell, Erik ;

Sulikova, Simona ;

Wegener, Sandra ;

Nieuwenhuijsen, Mark J. .

GLOBAL ENVIRONMENTAL CHANGE-HUMAN AND POLICY DIMENSIONS, 2021, 67

[25] The impact of green digital finance on energy resources and climate change mitigation in carbon neutrality: Case of 60 economies [J].

Yu, Huaying ;

Wei, Wei ;

Li, Jinhe ;

Li, Ying .

RESOURCES POLICY, 2022, 79

[26] Role of renewable energy investment and geopolitical risk in green finance development: Empirical evidence from BRICS countries [J].

Dong, Chunlong ;

Wu, Hao ;

Zhou, Jianwen ;

Lin, Huifang ;

Chang, Lei .

RENEWABLE ENERGY, 2023, 207 :234-241

[27] Particulate matter 2.5 air pollution mitigation strategy: the role of green investment, digitalization, and renewable energy in the organization for economic co-operation and development (OECD) countries [J].

Khan, Yasir ;

Bounade, Constant Dingamadji .

CLEAN TECHNOLOGIES AND ENVIRONMENTAL POLICY, 2024, :1037-1051

[28] Human health as a motivator for climate change mitigation: results from four European high-income countries [J].

Amelung, Dorothee ;

Fischer, Helen ;

Herrmann, Alina ;

Aall, Carlo ;

Louis, Valerie R. ;

Becher, Heiko ;

Wilkinson, Paul ;

Sauerborn, Rainer .

GLOBAL ENVIRONMENTAL CHANGE-HUMAN AND POLICY DIMENSIONS, 2019, 57

[29] Quality of government and public support for taxation for climate change mitigation: evidence from 135 European regions [J].

Davidovic, Dragana .

EUROPEAN POLITICAL SCIENCE REVIEW, 2024,

[30] The Co-Existence of Mitigation and International Investment Law A Practical Assessment of Climate Change Action Under Less `Green-Friendly' Investment Agreements [J].

Dooley, Josephine .

JOURNAL OF WORLD INVESTMENT & TRADE, 2022, 23 (5-6) :849-886

← 1 2 3 4 →