Muhammad Imran , Khalid Zaman , Abdelmohsen A. Nassani , Gheorghița Dincă , Haroon ur Rashid Khan , Mohamed Haffar
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引用次数: 0
Abstract
Green power conversion is the shift away from traditional fuels towards clean energy sources such as nuclear power plants, hydroelectric dams, wind farms, and solar panels. This research examines the impact of clean energy demand and green financing on reducing carbon emissions in 29 economies in Europe and Asia from 2007 to 2020. The study used a two-step differenced GMM estimator for the available data set spanning 2007 to 2020. The study found that rising demand for nuclear power helps to achieve a carbon-neutral agenda, but insufficient funding for renewable energy leads to higher carbon emissions. The research suggests increasing investment in nuclear energy and green financing can improve regional environmental quality. The study found a causal link between fuel imports, nuclear power and regional growth. It also determined that fuel imports, chemical use, green financing and the need for nuclear energy will likely impact regional environmental quality. The research recommends allocating more resources toward innovation to boost energy efficiency and expanding investment in renewable and nuclear energy production industries via green finance. The study also highlights the need to encourage the development of renewable energy sources to cut carbon emissions and establish a sustainable society.
Geoscience frontiersEarth and Planetary Sciences-General Earth and Planetary Sciences
CiteScore
17.80
自引率
3.40%
发文量
147
审稿时长
35 days
期刊介绍:
Geoscience Frontiers (GSF) is the Journal of China University of Geosciences (Beijing) and Peking University. It publishes peer-reviewed research articles and reviews in interdisciplinary fields of Earth and Planetary Sciences. GSF covers various research areas including petrology and geochemistry, lithospheric architecture and mantle dynamics, global tectonics, economic geology and fuel exploration, geophysics, stratigraphy and paleontology, environmental and engineering geology, astrogeology, and the nexus of resources-energy-emissions-climate under Sustainable Development Goals. The journal aims to bridge innovative, provocative, and challenging concepts and models in these fields, providing insights on correlations and evolution.