Green finance and renewable energy: A worldwide evidence

Alharbi, Samar; Mamun, Al; Boubaker, Sabri; Rizvi, Syed Kumail Abbas

doi:10.1016/j.eneco.2022.106499

Cited by 110 publications

(30 citation statements)

References 73 publications

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“…In fact, 9 out of 10 countries recognize the significant impact of GF on improving RTI. These findings support previous works, like Ye et al, [2] Tu et al, [10] Irfan et al, [9] and Alharbi et al [4] that recommend that GF has a positive impact on RTI. Our investigation of the significant relationship between GF and RTI partially aligns with the results of Li et al [11] for OECD economies, Wang et al [5] for G7 economies, and Ye & Rasoulinezhad [13] for Asia-Pacific countries, all indicating that GF promotes technological innovation.…”

Section: Discussion Of Resultssupporting

confidence: 92%

“…Moreover, Wang et al [ 5 ] also found that GF increased RTI in G7 countries. Alharbi et al [ 4 ] explored GB–RE nexus in the panel of 44 countries for the years 2007–2020. It was revealed that GB promoted RE.…”

Section: Literature Reviewmentioning

confidence: 99%

“…GF has been instrumental in promoting innovation by supporting research and development (R&D), facilitating project financing, and providing incentives for investments in RE. [ 4 ] The availability of GF has empowered developers and entrepreneurs to pursue projects that were previously deemed too risky or financially burdensome. Consequently, numerous successful RE projects have been implemented, leading to a substantial increase in the deployment of RE sources.…”

Section: Introductionmentioning

confidence: 99%

“…Prior research utilized panel data approaches to examine the link between GF and RTI, but consistent results have not been observed across countries. [4,5,[11][12][13] To address these gaps, we adopt the quantile-on-quantile (QQ) methodology, enabling a comprehensive analysis tailored to each specific nation, with the objective of comprehending the intricate relationship between these factors. The QQ technique proves advantageous as it facilitates an independent assessment of time-series correlations within individual countries.…”

mentioning

confidence: 99%

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Investing for a Greener Future: Asymmetric Nexus between Green Finance and Renewable Energy Technology Innovation

Teng,

Wang,

Ali

et al. 2023

Energy Tech

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Green finance and renewable energy technology innovation play a pivotal role in paving the way towards a low‐carbon economy. They hold immense potential to drive meaningful change and ensure a greener future for generations to come. The present study analyzes an asymmetric connection between green finance and renewable energy technology innovation in the top‐10 green finance promoter economies. Prior research utilized panel data approaches to achieve consistent results about the linkage between the variables. However, this investigation introduces a novel “Quantile‐on‐Quantile” method that provides detailed, country‐specific insights into time‐series dependence. Our findings suggest a positive association between green finance and renewable energy technology innovation in most economies at specific data distribution segments. Moreover, the data highlights that the degree of asymmetries in the relationships between the variables vary among countries, underscoring the significance of policymakers keeping a close eye on changes in green finance and renewable energy technologies.This article is protected by copyright. All rights reserved.

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Section: Discussion Of Resultssupporting

confidence: 92%

Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

mentioning

confidence: 99%

See 2 more Smart Citations

Investing for a Greener Future: Asymmetric Nexus between Green Finance and Renewable Energy Technology Innovation

Teng,

Wang,

Ali

et al. 2023

Energy Tech

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“…Lindenberg (Alharbi et al, 2023) considered the activities when defining Green Finance (GF). It includes financing of economic aspects that primarily deal with green investments like green bonds and financing public policies that promote the implementation of environmental protection and damage reduction programmes.…”

Section: Introductionmentioning

confidence: 99%

The impact of natural resource markets and green financing on financial stability and renewable energy investment efficiency

Chen,

Zhuoma,

Xie

et al. 2023

Geological Journal

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Energy resources' impact on gross domestic product and financial growth is controversial. The research is quiet on the potential effects of fluctuation in other areas, such as energy resource investment and finance, on exchange rates, financial and environmental indicators, making it urgent that this topic receives attention today. Our research aims to fill this gap by highlighting the fundamental insecurity of natural resource markets, energy expenditure markets and green financing markets. Because of the challenges in collecting older data, this analysis focuses on the decade from 1990 to 2020. We analysed the following asymmetry by employing the model TGARCH specification. According to the calculations, there is more room for fluctuation after a negative shock to natural resources than after a positive one. The study's empirical findings are then used to inform policy recommendations for maintaining a secure financial system and controlling the rising cost of scarce natural resources. The study also highlights the need for increased investment in green finance and recommends diversifying existing energy resource investments to foster the growth of alternative energy sources. This research suggests that we put more resources into green financing and develop new renewable energy sources. Conclusions: natural resource and energy investments are subject to volatility over time, as evidenced by the results and standard and relevant volatility assessments such as autoregressive conditional heteroscedasticity.

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Green Climate Finance Development and Environmental Air Quality Improvement: Unveiling the Role of Green Technological Progress and Industrial Symbiotic Agglomeration

Gao,

Hua,

Huo

2024

Bus Strat Env

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Green finance represents a transformative approach within the financial sector, markedly influencing both economic growth and environmental stewardship. This study analyzes data spanning 2006 to 2020 from 278 Chinese cities to explore green climate finance (GCF) development's effects on environmental air quality and its operative mechanisms. Results demonstrate a significant positive correlation between GCF development and environmental air quality enhancements. The mediation effect analysis underscores the critical roles of industrial symbiotic networks and green technological progress in facilitating air quality improvements through GCF development. Further investigations delineate a more substantial influence of GCF development on air quality in resource‐dependent and larger urban areas. Non‐linear dynamics between GCF development and air quality enhancements are elucidated through threshold model investigations, indicating varying levels of GCF development effectiveness. This study provides valuable empirical insights for financial policy formulation concerning air quality management and carries profound implications for both theoretical understanding and practical application in the economic and environmental realms.

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Green finance and renewable energy: A worldwide evidence

Cited by 110 publications

References 73 publications

Investing for a Greener Future: Asymmetric Nexus between Green Finance and Renewable Energy Technology Innovation

Investing for a Greener Future: Asymmetric Nexus between Green Finance and Renewable Energy Technology Innovation

The impact of natural resource markets and green financing on financial stability and renewable energy investment efficiency

Green Climate Finance Development and Environmental Air Quality Improvement: Unveiling the Role of Green Technological Progress and Industrial Symbiotic Agglomeration

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