Natural resources commodity prices volatility and economic performance: Evaluating the role of green finance

Arif, Asma; Vu, Hieu Minh; MA, Cong; Wei, Leow Hon; Islam, Md. Monirul; Niedbała, Gniewko

doi:10.1016/j.resourpol.2022.102557

Cited by 34 publications

(9 citation statements)

References 44 publications

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“…These industries have the potential to create good jobs that are also less likely to be hurt by changes in the economy. Second, a green economic recovery can help reduce greenhouse gas emissions and make climate change less bad (Arif et al 2022 ). This is very important because the climate crisis is worsening quickly, and we need to keep global warming below 2 °C.…”

Section: Literature Reviewmentioning

confidence: 99%

RETRACTED ARTICLE: Financial stability influence on climate risk, GHG emission, and green economic recovery of China

Liu

2023

Environ Sci Pollut Res

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This study examines the nexus between financial stability, climate risks, GHG emission mitigation, and green economic recovery of China. Financing efforts to protect against and reduce the hazards associated with climate change need to consider these risks and resources. Study used the Kalman technique of analysis for empirical inference. This research focuses on the carbon risk in China by employing a Kalman estimation approach. Although environmental mitigation was found to be important at 39%, financial strength and carbon hazards were considerable at 34%. Moreover, the report demonstrates the relationship between climatic threats and environmental drift in China, at a rate of 17%, emphasizing the need to address climate change issues. A state’s fiscal health guarantees national economic security while pursuing green economic recovery initiatives. Researchers concluded that precise policy suggestions were needed to promote green economic development.

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Section: Literature Reviewmentioning

confidence: 99%

RETRACTED ARTICLE: Financial stability influence on climate risk, GHG emission, and green economic recovery of China

Liu

2023

Environ Sci Pollut Res

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“…Considering the spatial spillovers of green finance between different provinces, green finance has positive externalities to adjacent areas, which can not only improve the low‐carbon economic development of local regions but also facilitate the high‐quality economic growth of surrounding provinces considerably to (Lei et al, 2021). On the whole, most scholars conclude that green finance can promote macroeconomic development (Arif et al, 2022; Huang, 2022; Ronaldo & Suryanto, 2022; Yang et al, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Can green credit policy reduce corporate carbon emission intensity: Evidence from China's listed firms

Jahanger

et al. 2023

Corp Soc Responsibility Env

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Green credit policy is designed to address the global climate risk. However, few studies have investigated empirically whether green credit policy indeed reduces corporate carbon emission intensity. Based on firm‐level data in China and a difference‐in‐differences model, this study explores how corporate carbon emission intensity evolves following the green credit policy. We find that, on the whole, the green credit can effectively reduce corporate carbon emission intensity, while the dynamic negative effect tends to alleviate after 2017. Specifically, green credit reduces corporate carbon emission intensity mainly through lowering investment carbon intensity and enhancing environmental supervision. However, the signaling mechanism of green credit does not significantly alleviate corporate carbon emission intensity. The green credit has a stronger reduction effect on corporate carbon emission intensity with third‐party certification, non‐state‐owned ownership, and high financing constraint. We thereby suggest that innovations should be made to the standards and processes of green credit to ensure sustainability and stability. Quantitative and standardized corporate environmental information disclosure is essential for the low‐carbon effect on green finance innovation.

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“…Scholars believe that green finance has efficiently promoted ecological environment development [24]. In one aspect, the government guides the development direction of the market to clean technology, such as carbon capture, tidal energy, and nuclear energy [25].…”

Section: The Relationship Between Green Finance and The Ecological En...mentioning

confidence: 99%

The Spatiotemporal Evolutionary Trend and Driving Factors of the Coupling Coordinated Development between Regional Green Finance and Ecological Environment

Shi

2022

IJERPH

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Based on the 30 inland provincial samples of China from 2003 to 2019, this article analyzes the evolutionary characteristics of the coupling coordination between green finance and the ecological environment (CCFE) using ArcGIS 10.5 software and employs the spatial Durbin model to analyze the driving factors of the CCFE. The results can be concluded as follows: (1) the CCFE of China is at a moderately low level, with a fluctuating upward trend. Spatially, it presents a spatial distribution pattern—higher in the east and lower in other regions. In terms of types, the regions of the CCFE are more in primary coordination and basic un-coordination and less in moderate un-coordination and moderate coordination. There are more regions of the green finance lagged type, and relatively few regions have achieved the financial ecological synchronization type. (2) The CCFE hotspots are concentrated in the Pearl River Delta, with a spatial “increase–decrease” development trend. Additionally, the CCFE cold spots are concentrated in the upper Yellow River Basin, with a relatively stable spatial scope. (3) The CCFE shows a positive spillover effect and accumulative delivery effect in the economic geospatial space. The population urbanization rate and the number of granted patent applications have a significant positive impact on the CCFE, and the percentage of secondary industries to GDP has a negative impact accordingly. Spatially, the percentage of secondary industries to GDP and the number of granted patent applications of nearby provinces in the economic geospatial space have a negative impact on the local CCFE. (4) The impact and spatial effect of different factors on the CCFE are obviously different. Finally, policy implications on the coordinated development of green finance and the ecological environment are also made.

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Natural resources commodity prices volatility and economic performance: Evaluating the role of green finance

Cited by 34 publications

References 44 publications

RETRACTED ARTICLE: Financial stability influence on climate risk, GHG emission, and green economic recovery of China

RETRACTED ARTICLE: Financial stability influence on climate risk, GHG emission, and green economic recovery of China

Can green credit policy reduce corporate carbon emission intensity: Evidence from China's listed firms

The Spatiotemporal Evolutionary Trend and Driving Factors of the Coupling Coordinated Development between Regional Green Finance and Ecological Environment

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