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Do the climate-related financial policies promote ecological sustainability? Insights from European countries

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  • Le Thanh Ha

    (National Economics University)

Abstract

Ecological sustainability (ES) has been empirically examined in this study by looking at climate-related financial policies (CRFPs). By applying a variety of economic models to a sample of 17 European countries from 2010 to 2019, the estimation results demonstrate that CRFP size positively impacts ES. A variety of econometric techniques are employed along with more explanatory variables in order to obtain robust results. Toward a better understanding of the relationship between CRFP and ES, we investigate the short-term and long-term impacts of CRFP on ES and evaluate the impact of CRFP on 11 issue categories of the environmental performance index (EPI). According to the results, the CRFP–ES nexus will probably exist in the long term. Notably, we found different effects of CFRP on eleven issue categories of EPI. Specifically, CRFP positively impacts five issue categories, including sanitation & drinking water, waste management, ecosystem services, climate change mitigation, and acid rain.

Suggested Citation

  • Le Thanh Ha, 2025. "Do the climate-related financial policies promote ecological sustainability? Insights from European countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(10), pages 23869-23888, October.
    • Handle: RePEc:spr:endesu:v:27:y:2025:i:10:d:10.1007_s10668-023-03957-9
    DOI: 10.1007/s10668-023-03957-9
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    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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