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Environmental awareness and pro-environmental behavior impact on renewables investments: A moderating role of environmental concerns

Author

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  • Esposito, Luca
  • Jalal, Raja Nabeel-Ud-Din

Abstract

This study examines the impact of environmental awareness and pro-environmental behavior on renewable investment intentions and the moderating role of environmental concerns. Using a sample of 350 retail investors, we find that environmental awareness and pro-environmental behavior increase renewable investment intentions. Moreover, environmental concerns moderate the relationship between environmental awareness and renewable investment intentions. However, we find no significant moderating effect of environmental concern in the case of pro-environmental behavior. Overall, our research contributes to the emerging literature on renewable energy investments in contributing circular economy.

Suggested Citation

  • Esposito, Luca & Jalal, Raja Nabeel-Ud-Din, 2025. "Environmental awareness and pro-environmental behavior impact on renewables investments: A moderating role of environmental concerns," Socio-Economic Planning Sciences, Elsevier, vol. 101(C).
    • Handle: RePEc:eee:soceps:v:101:y:2025:i:c:s0038012125001053
    DOI: 10.1016/j.seps.2025.102256
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    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • 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
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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