The effects of stock market growth and renewable energy use on CO2 emissions: Evidence from G20 countries

Paramati, Sudharshan Reddy; Mo, Di; Gupta, Rakesh

doi:10.1016/j.eneco.2017.06.025

Cited by 322 publications

(167 citation statements)

References 60 publications

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“…As a result of that a number of studies emerged to explore the dynamics of renewable energy consumption and emissions across the countries. The findings of recent study by Paramati, Mo, et al (2017) also establish that the renewable energy consumption significantly reduces CO 2 emissions in G20 nations. Another study by Paramati, Sinha and Dogan (2017) also confirms that the renewable energy uses reduce the CO 2 emission while non-renewable energy consumption increases in the next 11 developing countries.…”

Section: Renewable Energy Consumption and Co 2 Emissionsmentioning

confidence: 80%

“…Authors also suggest that the political cooperation among the nations is very important to fight against the growth of CO 2 emissions and also for financial and technical assistance. A very recent study by Paramati, Mo and Gupta (2017) investigate the role of stock market development and FDI inflows on CO 2 emissions in a panel of G20 nations. Authors make use of several panel econometric techniques and annual data from 1991 to 2012.…”

Section: Introductionmentioning

confidence: 99%

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Financing Renewable Energy Projects in Major Emerging Market Economies: Evidence in the Perspective of Sustainable Economic Development

Kutan

Paramati

Ummalla

et al. 2017

Emerging Markets Finance and Trade

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200

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This research paper aims to explore the role of FDI inflows and stock market development on the promotion of renewable energy consumption. Further, study investigates the effect of renewable energy consumption on CO 2 emissions and economic output across a panel of Brazil, China, India and South Africa. Study utilizes annual data from 1990 to 2012 and employs various robust panel econometric techniques. The findings confirm that both FDI inflows and stock market development play an important role in promoting renewable energy consumption. The resultsalso reveal that renewable energy consumption helps to mitigate the growth of CO 2 emissions and promotes economic development.

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Section: Renewable Energy Consumption and Co 2 Emissionsmentioning

confidence: 80%

Section: Introductionmentioning

confidence: 99%

Financing Renewable Energy Projects in Major Emerging Market Economies: Evidence in the Perspective of Sustainable Economic Development

Kutan

Paramati

Ummalla

et al. 2017

Emerging Markets Finance and Trade

Self Cite

200

View full text Add to dashboard Cite

show abstract

“…On the other hand, Shahbaz et al [34] found that FMD, along with income and energy consumption, have destroyed the environment in Pakistan. Paramati et al [35] tested the influence of stock market growth and FDI on the emissions and argued that these variables have a substantial long-term effect on CO 2 emissions of G20 countries. Growing the interest in the environmental related studies, a number of studies have been focused in the MENA region.…”

Section: Literature Reviewmentioning

confidence: 99%

Financial Market Development and Pollution Nexus in Saudi Arabia: Asymmetrical Analysis

Mahmood

Alrasheed

Furqan³

2018

Energies

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The study is aimed to scrutinize the presence of Environmental Kuznets Curve (EKC) hypothesis in Saudi Arabia by analyzing a period of 1971-2014. Asymmetrical impacts of Financial Market Development (FMD) and energy consumption per capita have also been tested on CO 2 emissions per capita. The estimates buoyed the long and short-run relationships in the hypothesized model, and EKC is found to be true in terms of the relationship between income and pollution. Asymmetrical effects of FMD in the long run and asymmetrical effects of energy consumption per capita in the long and short run are presented on the CO 2 emissions per capita. A decreasing FMD is found responsible for environmental degradation, and decreasing energy consumption per capita is found helpful in controlling CO 2 emissions. The tested effect of the financial crisis is found insignificant on CO 2 emissions.

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“…[ 7,8 ] Scholars started to investigate certain economic factors regarding environmental degradation since GHG emissions became one of the most critical issues currently facing the globe. [ 2,9–17 ]…”

Section: Introductionmentioning

confidence: 99%

“…[ 18 ] In particular, countries belonging to the Organization for Economic Cooperation and Development (OECD) must not only take environmental protection issues into consideration but also make policy investments in the development of the stock market. [ 13 ] Besides maintaining economic and industrial development, these countries are also committed to controlling environmental impacts. The relationship between economic growth and environmental protection has been widely analyzed over the past three decades, based on the relationship between economic growth and environmental pollution, as well as economic growth and energy consumption.…”

Section: Introductionmentioning

confidence: 99%

Analysis of Stock Market Development and CO₂ Emissions on OECD Countries via an Empirical Model

Chen

Chang

et al. 2020

CLEAN Soil Air Water

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Accompanying economic growth, CO 2 emissions have polluted the natural environment worldwide. This study highlights the special problems with stock market development and CO 2 emissions in 25 Organization for Economic Cooperation and Development (OECD) countries during 1971-2007 to trace the trend of CO 2 emissions while countries grow their economies. A panel-data model is applied to analyze the relationships between stock market (SM) development, energy consumption, gross domestic product (GDP), and CO 2 emissions in 25 OECD countries. Low-GDP countries show different results from high-GDP countries in the trends of SM development and CO 2 emissions, and dynamic effects occur in SM development and CO 2 emissions under various GDP conditions. There is a negative relationship between SM development and CO 2 emissions if countries enjoy high economic growth, which means that these countries avoid CO 2 emissions through SM development. However, a positive relationship is found between SM development and CO 2 emissions if countries experience low economic growth, which means that SM development does not show the boycott-effect relationship with CO 2 emissions when countries experience low levels of economic development. This study shows a correlation between SM development and CO 2 emissions among OECD countries.

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The effects of stock market growth and renewable energy use on CO2 emissions: Evidence from G20 countries

Cited by 322 publications

References 60 publications

Financing Renewable Energy Projects in Major Emerging Market Economies: Evidence in the Perspective of Sustainable Economic Development

Financing Renewable Energy Projects in Major Emerging Market Economies: Evidence in the Perspective of Sustainable Economic Development

Financial Market Development and Pollution Nexus in Saudi Arabia: Asymmetrical Analysis

Analysis of Stock Market Development and CO₂ Emissions on OECD Countries via an Empirical Model

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The effects of stock market growth and renewable energy use on CO2 emissions: Evidence from G20 countries

Cited by 322 publications

References 60 publications

Financing Renewable Energy Projects in Major Emerging Market Economies: Evidence in the Perspective of Sustainable Economic Development

Financing Renewable Energy Projects in Major Emerging Market Economies: Evidence in the Perspective of Sustainable Economic Development

Financial Market Development and Pollution Nexus in Saudi Arabia: Asymmetrical Analysis

Analysis of Stock Market Development and CO2 Emissions on OECD Countries via an Empirical Model

Contact Info

Product

Resources

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Analysis of Stock Market Development and CO₂ Emissions on OECD Countries via an Empirical Model