Impact of financial development and energy consumption on environmental degradation in 184 countries using a dynamic panel model

Khan, Sher; Khan, Muhammad Kamran; Muhammad, Bashir

doi:10.1007/s11356-020-11239-4

Cited by 118 publications

(53 citation statements)

References 89 publications

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“…Usman et al (2021) examined whether financial inclusion can explain ecological footprints in 15 of the highest-emitting countries using the augmented mean group approach and reported that financial development and renewable energy contributed significantly to environmental degradation. Khan et al (2021) examined the impact of financial development and energy consumption on carbon emissions for 128 countries, between 1990 and 2017, using seemingly unrelated regression and GMM and reported that financial development positively impacted carbon emissions. Lv and Li (2021) investigated the spatial effects of financial development on carbon emissions across 97 countries, from 2000 to 2014, and reported that financial development has a negative effect on carbon emissions.…”

Section: Financial Development and Carbon Emissionsmentioning

confidence: 99%

The criticality of financial development and energy consumption for environmental sustainability in OECD countries: Evidence from dynamic panel analysis

Shobande

Ogbeifun

2021

International Journal of Sustainable Development & World Ec

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This study explored whether financial development and energy consumption affect environmental sustainability in Organization for Economic Cooperation and Development (OECD) countries. The empirical evidence used in this study was based on the standard fixed effects and the Arellano-Bover/Bundell Bond dynamic panel approach. Our empirical results demonstrated the importance of a financial development index and energy efficiency for reducing carbon emissions and promoting sustainability in the OECD. The mechanism through which financial development affects carbon emissions has been identified as energy consumption and foreign direct investment. Our study recommends that financial development be prioritised alongside investments in energy efficiency to promote environmental sustainability.

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Section: Financial Development and Carbon Emissionsmentioning

confidence: 99%

The criticality of financial development and energy consumption for environmental sustainability in OECD countries: Evidence from dynamic panel analysis

Shobande

Ogbeifun

2021

International Journal of Sustainable Development & World Ec

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“…Population density is less likely to affect natural gas consumption, while industry structure plays a role. 8…”

Section: Columns (4) To (6) Report the Results Of Including Pairwise Covariates Frommentioning

confidence: 99%

“…2 Such aggressive and nonmarketized urbanization has stimulated highly intensive, traditional energy consumption (see Yan [3] for a literature survey). The mass usage of fossil fuels has produced excessive carbon dioxide (CO2) emissions which has resulted in severe air pollution [4][5][6][7][8] and environmental degradation [7][8][9]. According to the commitment made by China in the Kyoto Protocol, China should have started to reduce its CO2 emissions in 2005.…”

Section: Introductionmentioning

confidence: 99%

“…Fan et al [32] found that urbanization in China has contributed to the increase in residential energy consumption by 15.4% during the period 1996-2012. As a consequence, energy consumption has caused environmental degradation [7,8]. To deal with this issue, Khan et al [7] and Muhammad et al [9] advocated the promotion of renewable energy consumption.…”

Section: Introductionmentioning

confidence: 99%

“…The research methods used in this paper, that is, static and dynamic panel models, are widely used in environmental and energy studies [8,9,28]. Yet, few such studies have compared the two types of models on their prediction performance.…”

Section: Introductionmentioning

confidence: 99%

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Government-led urbanization and natural gas demand in China

Cai

Zhu

2021

Renewable and Sustainable Energy Reviews

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Driving environmental sustainability in emerging economies: The nexus of green finance, foreign direct investment, financial development, and green technology innovation

Kharb,

Saini,

Kumar

2024

Bus Strat Dev

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The relevance of environmental sustainability has grown significantly among academics, professionals, and the general public. A variety of factors influence an economy's ability to support its environmental sustainability. Foreign direct investment (FDI), financial development (FD), green technological innovation (GTI), and green finance (GF) are pillars that hold the key to accomplishing sustainability goals. Despite extensive studies on the factors influencing green finance, there remains a gap in grasping the impact of green finance and various investment factors on environmental sustainability. The study's objective is to analyze the relationship between ecological sustainability, green financing, FDI, innovative green technologies, and FD in developing countries. The study employed a fixed effect and random effect model with robustness analysis to gain an empirical understanding of the relationship. The findings highlighted that green finance plays a crucial role in green technologies and encourages economies to embrace sustainability. It also supports the pollution haven hypothesis (PHH) and the understanding that an increase in FDI has a positive relationship with carbon emission. The study makes a significant novel contribution by analyzing the combined influence of financial and green technological development on environmental sustainability. The numerous theoretical and practical implications for addressing the constraints posed by the PHH include tightening domestic legislation, developing international cooperation, and pushing the adoption of cleaner technology throughout industries. It helps governments enact effective environmental regulations to encourage green investment and technological innovation to have a beneficial knock‐on effect on cutting ecological sustainability.

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Impact of financial development and energy consumption on environmental degradation in 184 countries using a dynamic panel model

Cited by 118 publications

References 89 publications

The criticality of financial development and energy consumption for environmental sustainability in OECD countries: Evidence from dynamic panel analysis

The criticality of financial development and energy consumption for environmental sustainability in OECD countries: Evidence from dynamic panel analysis

Government-led urbanization and natural gas demand in China

Driving environmental sustainability in emerging economies: The nexus of green finance, foreign direct investment, financial development, and green technology innovation

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