Semantic Scholar Open Access 2021 512 sitasi

The role of green finance in reducing CO2 emissions: An empirical analysis

Muhammad Saeed Meo M. Karim

Lihat Sumber DOI

Abstrak

Abstract This study examines the relationship between green finance and carbon dioxide (CO2) emissions in the top ten economies that support green finance (Canada, Denmark, Hong Kong, Japan, New Zealand, Norway, Sweden, Switzerland, the United Kingdom, and the United States). This study uses quantile on quantile regression (QQR), introduced by Sim and Zhou (2015), to examine the dependence structure between different quantiles of green finance and CO2 emissions. Our overall findings confirm the negative impact of green finance on CO2 emissions; however, this relationship varies across the different quantiles of the two variables. This variation might be due to green finance market conditions (e.g., bearish or bullish) and country-specific market conditions. The findings in the study confirm that green finance is the best financial strategy for reducing CO2 emissions.

Topik & Kata Kunci

Economics

Penulis (2)

Muhammad Saeed Meo

M. Karim

Format Sitasi

APA MLA BibTeX

Meo, M.S., Karim, M. (2021). The role of green finance in reducing CO2 emissions: An empirical analysis. https://doi.org/10.1016/J.BIR.2021.03.002

Akses Cepat

Lihat di Sumber doi.org/10.1016/J.BIR.2021.03.002

Informasi Jurnal

Tahun Terbit: 2021
Bahasa: en
Total Sitasi: 512×
Sumber Database: Semantic Scholar
DOI: 10.1016/J.BIR.2021.03.002
Akses: Open Access ✓