Impact of Green financing, FinTech, and financial inclusion on energy efficiency

Liu, Hongda; Yao, Pinbo; Latif, Shahid; Aslam, Saba; Iqbal, Nadeem

doi:10.1007/s11356-021-16949-x

Cited by 167 publications

(54 citation statements)

References 65 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Energy intensity is a reciprocal of energy efficiency, which means that if energy intensity is reduced, it will be known as energy efficiency improvement. Liu et al (2022)…”

Section: Energy Intensity and Green Finance Nexusmentioning

confidence: 99%

Role of Green Financing and Eco-Innovation for Energy Efficiency in Developed Countries: Contextual Evidence for Pre- and Post-COVID-19 Era

Fareed

Wolanin

et al. 2022

Front. Energy Res.

View full text Add to dashboard Cite

Following the environmental concerns such as global warming, climate change, and environmental degradation, scholars and policymakers discovered energy utilization as the key factor in these issues. Therefore, economies are paying more attention to green finance and eco-innovation to reduce energy usage and enhance energy efficiency. The prime objective of this study is to explore whether the mentioned variables exhibit any influence on the energy efficiency target achievement. In this sense, the current study explores the association of green finance and eco-innovation with energy intensity in the group of seven economies from 1990 to 2020. By using panel data approaches, this study employs diagnostic tests that confirm the heterogeneous slopes and the existence of panel cross-section dependence. Also, the cointegration tests validate the existence of a long-run equilibrium relationship between the variables. Based on the asymmetric distribution of the data, this study employs the method of moments quantile regression. The empirical results reveal that green finance and eco-innovation significantly reduce energy intensity across the selected quantiles. Control variables such as urban growth and trade openness also adversely affect energy intensity. However, economic growth is the only significant factor that enhances energy intensity. The results are robust as validated by the panel quantile regression and the Granger panel heterogenous causality test. Based on the findings, this study recommends that green finance be promoted and environmental-related technology innovation be encouraged to achieve the goal of energy efficiency in developed economies. This study also provides additional policies appropriate for environmental recovery.

show abstract

“…Energy intensity is a reciprocal of energy efficiency, which means that if energy intensity is reduced, it will be known as energy efficiency improvement. Liu et al (2022)…”

Section: Energy Intensity and Green Finance Nexusmentioning

confidence: 99%

Role of Green Financing and Eco-Innovation for Energy Efficiency in Developed Countries: Contextual Evidence for Pre- and Post-COVID-19 Era

Fareed

Wolanin

et al. 2022

Front. Energy Res.

View full text Add to dashboard Cite

show abstract

“…Another factor that can compromise the positive impact of green finance on energy efficiency is institutional quality, such as the democratic system, which discourages banking sector development through frivolous contracts and loans to the political elite (Amuakwa-Mensah et al, 2018). Liu et al (2021) also argued that green finance, fintech and financial inclusion are the most efficient financial tools for financing energy efficiency. More importantly, green finance makes acquiring energy technologies and green innovations easy.…”

Section: The Role Of Green Finance In Financing Energy Efficiencymentioning

confidence: 99%

“…Liu et al. (2021) also argued that green finance, fintech and financial inclusion are the most efficient financial tools for financing energy efficiency.…”

Section: Literature Reviewmentioning

confidence: 99%

The green bond market and its use for energy efficiency finance in Africa

Taghizadeh–Hesary

Zakari

Alvarado

et al. 2022

CFRI

View full text Add to dashboard Cite

PurposeThis study presents the state of green bond markets in Africa and green bond funds by some countries in the continent.Design/methodology/approachThe authors adopt a case study approach on four different kinds of countries, namely oil-rich economy, green bond innovator, renewable energy user and carbon vulnerability.FindingsThe authors found that Africa's green bond is still at the early stages. However, countries are using innovative ways that are adaptable to their current economic conditions and investment attractiveness in issuing green bonds. While some countries focus on central and local government bonds, others use corporate bonds, few combine government and corporate green bonds. Interestingly, the first green bond globally certified by the Climate Bonds Standard was issued by an Africa country in Africa. In some selected countries such as Nigeria, South Africa, Morocco, Namibia and Kenya, green bond markets have seen massive growth and have contributed to numerous infrastructural energy efficiency projects. To expand this market further in these countries, the authors recommend fostering a public–private partnership backed by policies and political will.Originality/valueThis study provides an original contribution to the green bond and its likelihood of driving energy efficiency in a continent that has attracted little to no attention in the literature.

show abstract

“…Furthermore, new research shows that the massive storage of renewable energy increases CO 2 emissions [66]. In this section, great hopes are attached to the entry of players from outside the industry into the energy market, especially fin-tech's financial support [59]. In 2020, the largest global investor (on an industrial scale) in renewable energy was Amazon [60].…”

Section: Digitalisation Versus Renewable Energy Challengesmentioning

confidence: 99%

Digitalization in the Renewable Energy Sector—New Market Players

Pakulska

Poniatowska-Jaksch

2022

Energies

View full text Add to dashboard Cite

Under the conditions of climate change and energy crisis stemming from the COVID-19 pandemic and the embargo on the supply of raw materials from Russia, high hopes are attached to the development of renewable energy in terms of meeting energy needs. Still, renewable energy has some drawbacks too. In the most dynamically growing solar and wind energy industries, the main problems that are indicated include this energy storage and ensuring the security of supplies. These are supposed to be solved by the digital transformation of renewable power generation plus the entry of market players that implement digital business models in renewable energy. The purpose of the article is to identify a framework “digital compass” of business models in renewable energy within a group of solar and wind energy start-ups, operating in energy storage and supply industries. At the base of this study there were: digital technologies, customer orientation, delivery of value and revenue stream. The research algorithm applied here enabled the identification and classification of startup business models based on secondary data using R software. The results show that the identified startups implement digital business models to a minor extent. Startups dealing with solar energy storage stand out in a quite positive manner. The low digital attractiveness of investing in wind energy storage and supply (which, to a smaller extent applies to solar energy), is also indicated the investment preferences of big-tech. Thus, the future of the digital transformation of these industries should be related to regulatory changes rather than technological ones.

show abstract

Impact of Green financing, FinTech, and financial inclusion on energy efficiency

Cited by 167 publications

References 65 publications

Role of Green Financing and Eco-Innovation for Energy Efficiency in Developed Countries: Contextual Evidence for Pre- and Post-COVID-19 Era

Role of Green Financing and Eco-Innovation for Energy Efficiency in Developed Countries: Contextual Evidence for Pre- and Post-COVID-19 Era

The green bond market and its use for energy efficiency finance in Africa

Digitalization in the Renewable Energy Sector—New Market Players

Contact Info

Product

Resources

About