Do renewable energy investment and financial development mitigate climate change?

IF 2.9 3区经济学 Q1 ECONOMICS

Journal of Asian Economics Pub Date : 2024-05-07 DOI:10.1016/j.asieco.2024.101749

Xia Chen , Huimin Zhang , Xin Xin Zhao , Qiang Gong , Chun-Ping Chang

引用次数: 0

Abstract

This research explores how renewable energy investment and financial development affect climate change using panel data of 26 OECD countries and 18 non-OECD countries from 1996 to 2019. Several conclusions are drawn from empirical analysis. First, there exist cointegration relationships among renewable energy investment, financial development, and climate change. Second, the effects of renewable energy investment and financial development on climate change exhibit heterogeneity. In the full sample and for OECD countries, renewable energy investment and financial development have a negative impact on climate change, while for non-OECD countries, renewable energy investment has a positive impact on climate change.

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可再生能源投资和金融发展会减缓气候变化吗？

本研究利用 1996 年至 2019 年 26 个经合组织国家和 18 个非经合组织国家的面板数据，探讨了可再生能源投资和金融发展如何影响气候变化。实证分析得出了几个结论。首先，可再生能源投资、金融发展和气候变化之间存在协整关系。其次，可再生能源投资和金融发展对气候变化的影响具有异质性。在全样本和经合组织国家中，可再生能源投资和金融发展对气候变化有负面影响，而在非经合组织国家中，可再生能源投资对气候变化有正面影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Asian Economics ECONOMICS-

CiteScore

4.70

自引率

9.40%

发文量

期刊介绍： The Journal of Asian Economics provides a forum for publication of increasingly growing research in Asian economic studies and a unique forum for continental Asian economic studies with focus on (i) special studies in adaptive innovation paradigms in Asian economic regimes, (ii) studies relative to unique dimensions of Asian economic development paradigm, as they are investigated by researchers, (iii) comparative studies of development paradigms in other developing continents, Latin America and Africa, (iv) the emerging new pattern of comparative advantages between Asian countries and the United States and North America.