The impact of financial tools in environmental degradation management: the relationship between Co2 emission and ESG funds

Tuna, Gülfen; Türkay, Kaan; Çiftyildiz, Saim Saner; Çelik, Hülya

doi:10.1007/s10668-023-03229-6

Cited by 4 publications

(1 citation statement)

References 61 publications

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“…Equation ( 6) analyzes the impact of ESG performance and green credit on CE simultaneously. Equation (7) adds the interaction term between ESG performance and green credit, which is the pivotal aspect of the test. If the interaction term and the main effect of ESG performance on CE are both significant, it indicates that green credit plays a moderating role.…”

Section: Model Constructionmentioning

confidence: 99%

Research on the impact of ESG performance on carbon emissions from the perspective of green credit

Kong,

Li,

Lei

2024

Sci Rep

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Utilizing panel data from 30 Chinese provinces, this research examines the non-linear relationship between regional environmental, social, and governance (ESG) performance and carbon emissions (CE) from the viewpoint of green credit. The study reveals a single threshold effect between ESG performance and CE, with green credit acting as the threshold variable. When the amount of green credit in a region exceeds the threshold, the growth rate of CE in that region begins to decline with higher ESG scores. Furthermore, green credit acts as a catalyst, playing a negative moderating role between ESG performance and CE, validated by both threshold regression and fixed effects models on panel data. Green credit indirectly influences carbon emissions by supporting green innovation, thus facilitating the transition to a greener economic development framework. Lastly, regional disparities are found in the moderating influence of green credit between ESG performance and CE. In regions with high ESG performance, the moderating impact of green credit is smaller, while in regions with low ESG performance, the effect is more significant. The research findings offer theoretical backing for policymakers regarding the efficacy of ESG in achieving carbon neutrality objectives, and offer valuable strategic recommendations for the diversified formulation of green credit strategies on both national and provincial scales. Regional heterogeneity test results provide valuable support for formulating policies that encourage green credit in provinces with low ESG performance.

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Section: Model Constructionmentioning

confidence: 99%

Research on the impact of ESG performance on carbon emissions from the perspective of green credit

Kong,

Li,

Lei

2024

Sci Rep

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The role of renewable energy and carbon dioxide emissions on the ESG market in European Union

Mohammed,

Pata,

Serret

et al. 2024

Manage Decis Econ

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In view of global climate problems, public interest in the environment has recently evolved over decision economics. Accordingly, this study assesses the impact of carbon emission allowances (CEA), information technology (IT), renewable energy generation (REG), and carbon dioxide (CO2) on the environmental, social, governance (ESG) in the European Union (EU) by applying quantile‐based models from January 2, 2019 to February 29, 2024. The outcomes demonstrate that CEA and IT have an increasing effect on the ESG with the moderating effect of economic policy uncertainty (EPU). REG has a declining effect on the ESG, while the EPU moderates the effect and makes the effect increasing across higher quantiles.

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Does real earnings management affect a firm's environmental, social, and governance (ESG), financial performance, and total value? A moderated mediation analysis

Habib

2023

Environ Dev Sustain

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The impact of financial tools in environmental degradation management: the relationship between Co2 emission and ESG funds

Cited by 4 publications

References 61 publications

Research on the impact of ESG performance on carbon emissions from the perspective of green credit

Research on the impact of ESG performance on carbon emissions from the perspective of green credit

The role of renewable energy and carbon dioxide emissions on the ESG market in European Union

Does real earnings management affect a firm's environmental, social, and governance (ESG), financial performance, and total value? A moderated mediation analysis

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