Does sustainable financial inclusion and energy efficiency ensure green environment? Evidence from B.R.I.C.S. countries

Dou, Dandan; Li, Liying

doi:10.1080/1331677x.2022.2032785

Cited by 17 publications

(5 citation statements)

References 61 publications

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“…The interaction role of financial sustainability further reduces CO 2 emissions across the measures of financial inclusion. Therefore, the negative joint effect of higher accounts ownership and financial sustainability suggests that environment-friendly financial practices and services assist in the reduction of carbon emissions by aligning financing with sustainable projects and promoting responsible consumption and investment behaviour (Dou & Li, 2022). Moreover, control variables like GDP, energy consumption, urbanization and trade openness are positively correlated with carbon emissions across the models.…”

Section: Resultsmentioning

confidence: 99%

Does financial inclusion spur CO₂ emissions? The marginal effects of financial sustainability

Adeneye,

Rasheed,

Ooi

2023

IJSBI

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PurposeThis study aims to examine the relationship between financial inclusion, CO2 emissions and financial sustainability across 17 African countries.Design/methodology/approachData were sourced from the World Development Indicators for the period 2004-2021. The study performs the principal component analysis, panel fixed effects model and quantile regression estimations to investigate the relationship between financial inclusion, CO2 emissions and financial sustainability.FindingsThe study finds that an increase in automated teller machine (ATM) penetration rate, savings and credits increases CO2 emissions. Findings also reveal that financial sustainability reduces financial inclusion, with significant negative effects on the conditional mean of CO2 emissions and the conditional distribution of CO2 emissions across quantiles.Originality/valueThis study is beneficial for policymakers, particularly in the age of digitalization and drive for low-carbon emissions, to develop green credits for energy players and investors to take up renewable and green energy projects characterized by high levels of carbon storage and carbon capture. Further, the banking sector’s credits and liquid assets should be used to finance alternative banking energy-related equipment and services, such as solar photovoltaic wireless ATMs, and fewer bank branches.

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Section: Resultsmentioning

confidence: 99%

Does financial inclusion spur CO₂ emissions? The marginal effects of financial sustainability

Adeneye,

Rasheed,

Ooi

2023

IJSBI

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“…Energy efficiency only has an unobservable negative effect on CO2 emission. Dou and Li (2022) investigate the relationship between sustainable financial inclusion, energy efficiency, and environmental sustainability in the BRICS countries. Using panel data from 2000 to 2019, the study employs various econometric methods to explore the relationship between these variables, including panel cointegration and fixed effects models.…”

Section: Literature Reviewsmentioning

confidence: 99%

“…Additionally, businesses and individuals can adopt energy efficiency measures independently, such as upgrading to more efficient appliances or improving building insulation. Overall, energy efficiency is an essential instrument for promoting environmental protection, as it can help to mitigate energy consumption and greenhouse gas emissions while also promoting economic growth and development (Dou and Li., 2022).…”

Section: Introductionmentioning

confidence: 99%

Assessing the Environmental Impact of Energy Efficiency and Renewable Energy: Evidence from Pakistan

Anwer

Farooq

Faheem

et al. 2023

RAMSS

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Decreased environmental degradation has come to the forefront of policy debates and academic investigations. Using data from the Pakistan economy, which accounts for a substantial amount of global carbon emissions, investigate the effects of energy efficiency, human capital, renewable energy, and economic growth on the environment from 1990 to 2020. We reveal the influence of human capital by focusing on education investment to provide an understanding of the necessity of policy-making in Pakistan to prevent environmental deterioration. According to the findings, human capital expansion is substantially associated with lower CO2 emissions. Using the autoregressive distributed lag model (ARDL) estimate method, we present a complete analysis of the energy efficiency-environmental deterioration nexus. Energy efficiency, renewable energy, and human capital all are adversely associated and considerable influence on the environment. To attain a green environment, the study recommends strategies to boost energy efficiency, renewable energy, and human capital.

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“…Researchers have given tremendous attention to the impact of financial inclusion on environmental performance, as financial inclusion is crucial for financing clean energy ventures. Financing clean energy projects can improve environmental performance, but ignoring the financial investment effect on the environment can trigger environmental issues (Dou and Li 2022). Another group of studies has tested the impact of digital finance on the environmental performance of Chinese firms and cities.…”

Section: Introductionmentioning

confidence: 99%

Investigating the environmental externalities of digital financial inclusion and the COVID-19 pandemic: an environmental sustainability perspective

Shu¹,

Sheng²,

Ghafoor³

et al. 2023

Environ Sci Pollut Res

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Financial inclusion enhances economic growth by facilitating businesses and individuals to access financial resources. Financial inclusion also contributes to environmental sustainability; however, very few studies have explored the link between financial inclusion and the environment. Also, the impact of the COVID-19 pandemic on environmental performance remains unexplored. From this perspective, this study probes the objective of whether financial inclusion and environmental performance co-move in COVID-19 in highly polluted economies. This objective is tested with the help of 2SLS and GMM approaches. The study also gets assistance from a panel quantile regression approach for empirical tasks. The results show that financial inclusion and the COVID-19 pandemic have a negative impact on CO2 emissions. Based on these findings, the study suggests that highly polluted economies should promote financial inclusion and assimilate environmental policies with financial inclusion policies to attain environment-related goals.

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Does sustainable financial inclusion and energy efficiency ensure green environment? Evidence from B.R.I.C.S. countries

Cited by 17 publications

References 61 publications

Does financial inclusion spur CO₂ emissions? The marginal effects of financial sustainability

Does financial inclusion spur CO₂ emissions? The marginal effects of financial sustainability

Assessing the Environmental Impact of Energy Efficiency and Renewable Energy: Evidence from Pakistan

Investigating the environmental externalities of digital financial inclusion and the COVID-19 pandemic: an environmental sustainability perspective

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Does sustainable financial inclusion and energy efficiency ensure green environment? Evidence from B.R.I.C.S. countries

Cited by 17 publications

References 61 publications

Does financial inclusion spur CO2 emissions? The marginal effects of financial sustainability

Does financial inclusion spur CO2 emissions? The marginal effects of financial sustainability

Assessing the Environmental Impact of Energy Efficiency and Renewable Energy: Evidence from Pakistan

Investigating the environmental externalities of digital financial inclusion and the COVID-19 pandemic: an environmental sustainability perspective

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Does financial inclusion spur CO₂ emissions? The marginal effects of financial sustainability

Does financial inclusion spur CO₂ emissions? The marginal effects of financial sustainability