Changing policy paradigms: How are the climate change mitigation-oriented policies evolving in Nepal and Bangladesh?

Baniya, Bishal; Giurco, Damien; Kelly, Scott

doi:10.1016/j.envsci.2021.06.025

Cited by 13 publications

(7 citation statements)

References 40 publications

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“…The problem of climate change has been persistent over a long period and requires continuous management as the world economies seek to engage in activities that foster their economic growth (Ahmad et al 2020). The previous literature reveals the conflicting nature of economic and ecological goals and, therefore, the need for a sustainable green financing mechanism so that the world can deal with the problem of climate change in a sustainable manner (Baniya et al 2021). Based on the previous literature, some studies have provided more insights, especially relating to green stocks, from the financial and economic perspectives.…”

Section: Discussionmentioning

confidence: 99%

Bibliometric Analysis of Green Finance and Climate Change in Post-Paris Agreement Era

Muchiri

Késmárki-Gally

Fekete-Farkas

et al. 2022

JRFM

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Climate change is undeniably one of the long-term challenges confronting humanity across the globe. Various nations have taken initiatives that help reduce greenhouse gas emissions to the environment as well as accelerate financial flows to clean and sustainable projects. The paper provides an overview of green finance after the Paris Agreement by adopting a bibliometric analysis of the selected literature. The study reviewed the literature from the Web of Science database between 2015 and 2022. Data cleaning, formatting, and analysis was performed using VOSviewer and R-studio. Our study indicates increased scholarly interest on the issue of green financing. Most scientific research has been published in climate policy and sustainability journals but lacks mainstream interest in economic and finance journals. Based on our results, it is recommended that further studies on green financing be carried out from the economic and financial perspective using quantitative approaches to supplement the existing literature and provide a wider view to policy makers and regulators.

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Section: Discussionmentioning

confidence: 99%

Bibliometric Analysis of Green Finance and Climate Change in Post-Paris Agreement Era

Muchiri

Késmárki-Gally

Fekete-Farkas

et al. 2022

JRFM

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“…However, the practical evidence shows that the level of the green finance gap is increasing every year. Previously conducted studies highlight different reasons for the green finance gap, and one of the leading factors is lack of equal attention among countries across the globe to mitigate climate change [26].…”

Section: Introductionmentioning

confidence: 99%

Developing Countries in the Lead: A Bibliometric Approach to Green Finance

Desalegn

Tangl

2022

Energies

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In recent years, green finance has become a popular method for dealing with environmental issues. However, it remains to be seen whether green financing is effective in addressing current global environmental issues. In this article, we, therefore, analyze the diffusion patterns of green finance publications in the Global South and Global North to identify which section of the globe is under-researched from this perspective. The study tried to highlight the overall trends of research publications on green finance, continent, most contributing authors, countries, and journals. The study used a bibliometric approach with the help of R studio software. The Scopus database was used for extracting the resources and 522 documents utilized in this bibliometric analysis. The result demonstrates that the diffusion of green finance is more common in the Global North than in the Global South. However, the number of scientific studies produced over time, the number of active authors, and affiliations of the Global South have contributed more than the Global North. More specifically, at the continental level, Asia and the Pacific are playing a lion’s share in providing scientific research publications on the green-finance-related issue. Meanwhile, the Arab states and Africa are the lowest contributing continent. China has the highest number of publications worldwide. However, this reality may be different if another approach (per capita contribution) is used to investigate the issue of green finance. Hence, we call for future studies to consider this fact in investigating the issue of green finance across the world. Furthermore, the study proposes further studies to be conducted on what are the factors that drive the Global South to lead. Finally, it is also better if the future studies take into account the status of each country in terms of green finance mobilization and capital contribution to share the specific experience of that country and lessons taken from that country.

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“…However, whether green financing is effective in addressing current global environmental issues remains to be seen, as the green investment gap was discovered to be very large, with no certainty as to how it can be fixed. According to previous studies (Baloch et al 2018;Baniya et al 2021;Cárdenas Rodríguez et al 2015;Criscuolo and Menon 2015), the current environmental and financial regulations gaps are the main significant reason for the green finance gap.…”

Section: Discussionmentioning

confidence: 96%

The Effect of Monetary Policy and Private Investment on Green Finance: Evidence from Hungary

Desalegn

Fekete-Farkas

Tangl

2022

JRFM

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The objective of this study was to examine the effect of monetary policy and private investment on green finance in the case of Hungary. The study used an explanatory research design and a quantitative research approach. Quarterly secondary time series data over 8 years (2013–2020) were utilized. More specifically, the study used Johnson co-integration test and vector error correction model to investigate the long and short-run relationship among variables. The study’s findings imply that monetary policy, as measured by interest rates and the broad money supply, has a mixed effect on the level of green financing. Interest rates, in particular, have a negative and significant relationship with green finance in both the long and short run. However, a broad money supply has a positive but insignificant relationship with green finance in the long run. Private investment has a positive and significant relationship with green financing in both the long and short run. The study also used inward and outward foreign direct investment, and greenhouse gas as a control variable of the study. The study finding implies that inward foreign direct investment has a positive and significant relationship with green financing in both the long and short run. On the other hand, outward foreign direct investment and the level of greenhouse gas have a negative and significant relationship with green finance in both the long and short run. The study also discovered that over time series, disturbance in domestic private investment was the most determinant factor in forecast error variance of green financing. In addition, the result of document analysis shows that the majority of Hungarian credit institutions are dealing with their corporate strategy rather than their sustainability strategy. Hence, progressive approaches are needed from the credit institution to frame their strategy under the concept of sustainable development goals. The finding of this study will contribute to the existing literature on the study area, provide suggestions on green finance and green monetary policy approaches, provide implications on key stakeholders of green financing, as well as the experience of different economies. The study advises central banks, credit institutions, and regulatory authorities to consider both neoliberal and reformist approaches of green finance and green monetary policies in aid to increase green investment.

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Changing policy paradigms: How are the climate change mitigation-oriented policies evolving in Nepal and Bangladesh?

Cited by 13 publications

References 40 publications

Bibliometric Analysis of Green Finance and Climate Change in Post-Paris Agreement Era

Bibliometric Analysis of Green Finance and Climate Change in Post-Paris Agreement Era

Developing Countries in the Lead: A Bibliometric Approach to Green Finance

The Effect of Monetary Policy and Private Investment on Green Finance: Evidence from Hungary

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