Evaluating the role of renewable energy investment resources and green finance on the economic performance: Evidence from OECD economies

Wu, Hong

doi:10.1016/j.resourpol.2022.103149

Cited by 34 publications

(8 citation statements)

References 93 publications

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“…Lastly, the study confirmed that, the problem is the review. This outstanding finding is in tandem with Udeagha and Muchapondwa (2023); Wu (2023); Numan, Ma, Sadiq, Bedru, and Jiang (2023); Ighoreje and Ozigbo (2023); Bai, Chen, Yan, and Zhang (2022); Amedu, et'al (2019).…”

Section: Results and Discussion Preliminary Analysismentioning

confidence: 75%

“…The study reaffirmed that, green finance initiative improves financial technology especially in a carbon neutral economy. Wu (2023) studied the impact of renewable energy investment and investment in various renewable energy (geothermal, solar, hydropower, bio-energy, and wind power project) in economic co-operation and development (OECD) economics. The study spanned from 2001 to 2019.…”

Section: Literature Review Conceptual Reviewmentioning

confidence: 99%

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Value Relevance of Environmental Sustainability Reporting: Evidence From Listed Consumer Goods Firms in Nigeria and Ghana

AKPOVETA Onajite Alexandra,

Dr. Sunny, I. AGBOR,

Associate Prof. Mary JOSIAH

2023

Int. j. appl. res. soc. sci.

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With the continuous rise in global warming, preparers of accounting reports are seeking for more environmentally responsive firms. As such, for such firms to be more value relevant, they must be environmentally responsive. Succinctly, the paper examined the value relevance of environmental sustainability reporting of listed consumer goods firms in Nigeria and Ghana. The various environmental sustainability proxies considered are: Gas flaring emission, energy consumption, and environmental review while value relevance was measured by market value. The study adopted the longitudinal research design. The study sourced data from 13 consumer goods firms in Nigeria out of the 21 consumer goods firms recorded as at 31st of December, 2022 and 7 consumer goods firms in Ghana out of the 10 consumer goods firms recorded as at 31st of December, 2022. The data spanned from 2013 to 2021 as stated in the Global Reporting Initiative (GRI). The study thus reported that, GAS flaring emission (coef. =0.310598 & p-value=0.0000, & energy consumption (Coef=0.450582; & p-value=) 0.0209 both exerted positive significant effect on market value (MAV). However, environmental review (Coef.=0.011167; & p-value =0.7019) is still not value relevant. Hence, the paper concludes that, GAS flaring emission and energy consumption are value additive. Consequently, adequate laws should be put in place to compel oil firms to invest more on disclosure of the volumes of gas emission into the ozone layer. Lastly, all commitments aimed at preserving the natural environment must be properly documented in the financial statement by way of environmental disclosure. Keywords: Value Relevance, Environmental Sustainability Performance, environmentally Responsive, Gas Flaring Emission.

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Section: Results and Discussion Preliminary Analysismentioning

confidence: 75%

Section: Literature Review Conceptual Reviewmentioning

confidence: 99%

Value Relevance of Environmental Sustainability Reporting: Evidence From Listed Consumer Goods Firms in Nigeria and Ghana

AKPOVETA Onajite Alexandra,

Dr. Sunny, I. AGBOR,

Associate Prof. Mary JOSIAH

2023

Int. j. appl. res. soc. sci.

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“…The application of mathematical functions to model the quantitative links between incidents in green investment data has been the main focus of these investigations. Other examples of quantitative approaches focus on the effects of renewable energy investment resources and green finance on economic performance [46], business performance [47], and the effects of green banking and green investment on firm value [48].…”

Section: Green Investment In the Big Data Eramentioning

confidence: 99%

Incremental Green Investment Rule Induction Using Intelligent Rough Sets from an Energy Perspective

Huang,

Liang,

Chuang

et al. 2024

Sustainability

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The United Nations Sustainable Development Goals (SDGs) agenda has stated the importance of green investment. Energy-related green investment involves intricate economic behavior and ecological objectives. Green investment definitely requires agile decisions, e.g., rule-based decisions, to respond to changes outside the country. The identification of significant rules with numerous result features and the assurance of the stability and robustness of the rules in decision-making are crucial for green energy investment. The rough set (RS) methodology works well for processing qualitative data that are difficult to examine with traditional statistical methods in order to induce decision rules. The RS methodology starts with the analysis of the limits of discernibility of a subset of objects belonging to the domain to induce rules. However, traditional RS methods cannot incrementally generate rules with outcome features when new objects are added, which frequently occurs in green energy investment with the inclusion of big data. In this paper, an intelligent RS approach is proposed. This approach effectively identifies the rules that either stay the same or are altered based on four classified cases after a new object is introduced; it is novel because it can deal with a complicated investment environment by imposing multiple outcome features, specifically when it is required to flexibly extract new decision rules via adding new data sets.

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“…There is evidence from studies that investment in renewable energy can improve economic performance (Serezli et al, 2021;Wu, 2023). China follows a strategy named the "dual-carbon," aiming to reach carbon emissions peak by 2030 and carbon neutrality by 2060.…”

Section: Literature Review and The Theoretical Hypothesesmentioning

confidence: 99%

The analysis of solar energy investment, digital economy, and carbon emissions in China

Wang,

Zhang,

Song

2023

Front. Energy Res.

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Solar energy supports sustainable economic growth by meeting the world’s growing demand for energy while addressing climate change and reducing emissions. The literature focuses on the impact of solar energy on carbon emissions, but ignores the role of solar energy investment and the digital economy. This study investigates the influence of solar energy investment and digital economy on carbon emissions in China with the STIRPAT model. It uses the SYS-GMM method to empirically test the proposed hypotheses using provincial data for China from 2011 to 2019. The empirical results show that solar energy investment notably reduces carbon emissions. The moderating effect analysis shows that China’s digital economy has a reverse moderating effect in the process of solar energy investment, affecting carbon emissions. The results of this research can be a useful contribution to the goal of carbon emission reduction in China, and relevant policy recommendations are proposed for the findings of this research. To reduce carbon emissions and help China reduce carbon emissions targets as soon as possible, more attention should be paid to solar energy investment. The rational use of the digital economy in investing in solar energy should be on the agenda.

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Evaluating the role of renewable energy investment resources and green finance on the economic performance: Evidence from OECD economies

Cited by 34 publications

References 93 publications

Value Relevance of Environmental Sustainability Reporting: Evidence From Listed Consumer Goods Firms in Nigeria and Ghana

Value Relevance of Environmental Sustainability Reporting: Evidence From Listed Consumer Goods Firms in Nigeria and Ghana

Incremental Green Investment Rule Induction Using Intelligent Rough Sets from an Energy Perspective

The analysis of solar energy investment, digital economy, and carbon emissions in China

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