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Energy Financing, Covid-19 Repercussions And Climate Change: Implications For Emerging Economies

Author

Listed:
  • LINHAI ZHAO

    (School of Economics and Finance, Huaqiao University, China)

  • HAYOT BERK SAYDALIEV

    (��Business School, Suleyman Demirel University, Almaty, Kazakhstan‡Mathematical Methods in Economics, Tashkent State University of Economics, 100003, Tashkent, Uzbekistan)

  • SAJID IQBAL

    (�KUBEAC, University of Management & Technology, Sialkot Campus, Pakistan)

Abstract

This study is intended to test the role of renewable energy financing on climate change and to present the implications for the key stakeholders towards the acquisition of post-covid-recovery in the Asian and ASEAN economies. For this, data envelopment analysis (DEA) technique is applied to draw an inference between the constructs. Study finding resulted that higher energy consumption and rise in environmental pollution has brought a great change in the ASEAN and Asian economies’ climate, for which, modern and renewable energy sources are suggested to use for the climate change mitigation. A sufficient amount of funds and the supply of energy finance to mitigate the climate change are eminently needed for the post-covid-recovery. Different financial institutions, banks and finance ministries of countries belonging from the both regions are suggested to play the best role. This is solely possible by pooling the funds in renewable energy sectors to enhance energy efficiency and control the climate change. This must be executed for the long-run period to get the desired outcomes. All the countries of both regions are further suggested to expedite the practices to apply strategic development goals (SDGs) for affordable and clean energy (SDG–7), climate change action (SDG–13) to achieve the national and global strategic objectives.

Suggested Citation

  • Linhai Zhao & Hayot Berk Saydaliev & Sajid Iqbal, 2022. "Energy Financing, Covid-19 Repercussions And Climate Change: Implications For Emerging Economies," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 13(03), pages 1-19, August.
    • Handle: RePEc:wsi:ccexxx:v:13:y:2022:i:03:n:s2010007822400036
    DOI: 10.1142/S2010007822400036
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    Citations

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    Cited by:

    1. Chang, Lei & Shi, Fanglan & Taghizadeh-Hesary, Farhad & Saydaliev, Hayot Berk, 2023. "Information and communication technologies development and the resource curse," Resources Policy, Elsevier, vol. 80(C).
    2. Hayot Berk Saydaliev & Lee Chin, 2023. "Role of green financing and financial inclusion to develop the cleaner environment for macroeconomic stability: Inter-temporal analysis of ASEAN economies," Economic Change and Restructuring, Springer, vol. 56(6), pages 3839-3859, December.
    3. Yang, Junhua & Li, Ying & Sui, Anna, 2023. "From black gold to green: Analyzing the consequences of oil price volatility on oil industry finances and carbon footprint," Resources Policy, Elsevier, vol. 83(C).
    4. Puxin Liu, 2023. "An assessment of financial mechanisms for green financial recovery and climate change mitigation: the case of China," Economic Change and Restructuring, Springer, vol. 56(3), pages 1567-1584, June.
    5. Yang, Yang & Liu, Zhen & Saydaliev, Hayot Berk & Iqbal, Sajid, 2022. "Economic impact of crude oil supply disruption on social welfare losses and strategic petroleum reserves," Resources Policy, Elsevier, vol. 77(C).
    6. Wencong, Lu & Kasimov, Ikboljon & Saydaliev, Hayot Berk, 2023. "Foreign direct investment and renewable energy: Examining the environmental Kuznets curve in resource-rich transition economies," Renewable Energy, Elsevier, vol. 208(C), pages 301-310.
    7. Peipei, Wang & Eyvazov, Elchin & Giyasova, Zeynab & Kazimova, Asli, 2023. "The nexus between natural resource rents and financial wealth on economic recovery: Evidence from European Union economies," Resources Policy, Elsevier, vol. 82(C).
    8. Liu, Hui & Zhu, Qirong & Muhammad Khoso, Wali & Khalique Khoso, Abdul, 2023. "Spatial pattern and the development of green finance trends in China," Renewable Energy, Elsevier, vol. 211(C), pages 370-378.
    9. Shuang Cai, 2023. "Impact of digitization on green economic recovery: an empirical evidence from China," Economic Change and Restructuring, Springer, vol. 56(5), pages 3139-3161, October.
    10. Chang, Lei & Iqbal, Sajid & Chen, Huangen, 2023. "Does financial inclusion index and energy performance index co-move?," Energy Policy, Elsevier, vol. 174(C).
    11. Sun, Lingyun & Yin, Jiemin & Bilal, Ahmad Raza, 2023. "Green financing and wind power energy generation: Empirical insights from China," Renewable Energy, Elsevier, vol. 206(C), pages 820-827.
    12. Wang, Shuguang & Sun, Luang & Iqbal, Sajid, 2022. "Green financing role on renewable energy dependence and energy transition in E7 economies," Renewable Energy, Elsevier, vol. 200(C), pages 1561-1572.
    13. Liu, Fang & Umair, Muhammad & Gao, Junjun, 2023. "Assessing oil price volatility co-movement with stock market volatility through quantile regression approach," Resources Policy, Elsevier, vol. 81(C).
    14. Liu, Ying, 2023. "How does economic recovery impact green finance and renewable energy in Asian economies," Renewable Energy, Elsevier, vol. 208(C), pages 538-545.

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