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How are green finance, carbon emissions, and energy resources related in Asian sub-regions?

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  • Sun, Chenghao

Abstract

In this research, by employing the STIRPAT (Stochastic Impacts by Regression on Population, Affluence, and Technology) framework, for the case studies of five Asian regions and data from 2010 to 2021, the impacts of green finance and renewable resource deployment on CO2 emissions are evaluated. The results confirmed that the effect of green financial development and expansion of renewable energies on carbon dioxide emissions does not have the same pattern in Asia. In Central and South Asia, the development of green finance, patents, and the expansion of renewable energies do not significantly affect carbon dioxide emissions. In contrast, in East Asia, green financial development, exploitation of renewable energies, and patents will reduce carbon dioxide emissions in the short and long term. Accelerating the operationalization of ongoing green projects, promoting FinTech green financing tools, increasing green facilities, implementing tax exemptions, and supporting green research and development are suggested as effective practical policies.

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  • Sun, Chenghao, 2023. "How are green finance, carbon emissions, and energy resources related in Asian sub-regions?," Resources Policy, Elsevier, vol. 83(C).
    • Handle: RePEc:eee:jrpoli:v:83:y:2023:i:c:s0301420723003598
    DOI: 10.1016/j.resourpol.2023.103648
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    1. Chenggang Wang & Guitao Qiao & Mahmood Ahmad & Zahoor Ahmed, 2023. "The Role of the Government in Green Finance, Foreign Direct Investment, Technological Innovation, and Industrial Structure Upgrading: Evidence from China," Sustainability, MDPI, vol. 15(19), pages 1-24, September.

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    More about this item

    Keywords

    Green finance; Renewable resource deployment; Carbon emissions; Asia;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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