“…Similarly, the choice of econometric methods, the chosen countries and their economic structure, and the study period are some of the factors affecting mixed empirical findings. This study analyses previous studies, on a group of countries, such as Asia Pacific countries (Y. Zhang et al 2022a , b ), panel data for 42 countries (Xu et al 2021 ), panel data from 97 countries worldwide (Iqbal et al 2019b ), Ghana (Iqbal et al 2019a ), high-income countries (bassem et al 2022 ), lower income countries (X. Liu et al 2021a , b ), South Asian countries (Ahad et al 2021 ; Wen et al 2022 ), (OECD) countries (Zaidi et al 2021 ), and European countries (Huang et al 2021 ) confirm the negative correlation between financial variable and carbon emissions with different degrees, using different research methods. Although the relationship between CO 2 and green finance is easily seen in the literature, none of the studies uses quantile regression approaches to empirically examine this relationship.…”