Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2125032
Green finance, renewable energy investment, and environmental protection: empirical evidence from B.R.I.C.S. countries
Zeng Hailiang
Wasim Iqbal
Ka Yin Chau
Syed Ale Raza Shah
Wasim Ahmad
Huang Hua
Sažetak
Environmental degradation has become a severe concern for the
globe; therefore, policymakers in emerging economies are trying to
meet the environmental standards. Nowadays, economies have
shifted their energy pattern from non-renewable to renewable
energy (R.E.U.), but its cost is too high. Undoubtedly, the financial
sector also performs well in facilitating such green activities.
Therefore, the current study investigates the role of R.E.U. and
green finance in environmental quality and collects the data for
B.R.I.C.S. economies from 2000 to 2018. The study uses quantile
regressions and other advanced techniques to deal with the problems
of cross-sectional dependence (C.S.D.) and heterogeneity. The
estimated outcomes show that green finance, R.E.U. consumption,
and technical innovations perform well in securing the environment
by reducing carbon emissions. Likewise, the environmental
quality in selected economies is deteriorating due to the rise in
non-R.E.U. consumption, economic progress, F.D.I., and trade openness.
Therefore, it is time to reshape the local, national and regional
growth policies concerning a green investment that can secure our
environment. Also, this study proposes future pathways for green
finance and other factors relevant to a sustainable environment.
Ključne riječi
renewable energy investment; green finance; quantile regression; environmental protection
Hrčak ID:
306666
URI
Datum izdavanja:
30.4.2023.
Posjeta: 1.757 *