Renewable energy consumption and carbon dioxide emissions in Ghana: the effect of financial strength of listed financial institutions

IF 2.5 Q3 MANAGEMENT
P. Kwakwa, Solomon Aboagye, V. Acheampong, Abigail Achaamah
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引用次数: 2

Abstract

Purpose The desire for a sustainable environment has led to the need to reduce carbon dioxide emissions and increase renewable energy usage. Empirical evidence generally shows that financial development has a significant effect on these two variables. However, little is known about how the financial strength of financial institutions influences them in the fight against climate change. This study aims to assess the effect of the financial strength of listed financial institutions on renewable energy consumption and carbon dioxide emissions in Ghana. Design/methodology/approach Regression analyses were used to estimate the effect of asset quality, credit management, return on equity/asset and firm size on renewable energy consumption and carbon dioxide emissions for data covering from 2009 to 2018. Findings The results revealed that return on equity reduces renewable energy consumption and increases carbon dioxide emissions. It is also found that credit risk management and asset quality positively influence renewable energy consumption but reduce carbon dioxide emissions in Ghana. Practical implications Policymakers need to identify profitable but less polluting ventures and draw the attention of financial institutions in the country. This may cause banks and other lending-giving institutions to desist from giving credits to support environmentally harmful ventures. Originality/value The paper assessed the effect that the financial strength of financial institutions has on renewable energy consumption and carbon dioxide emissions.
加纳可再生能源消费与二氧化碳排放:上市金融机构财务实力的影响
对可持续环境的渴望导致了减少二氧化碳排放和增加可再生能源使用的需要。经验证据普遍表明,金融发展对这两个变量有显著影响。然而,人们对金融机构的资金实力如何影响它们应对气候变化知之甚少。本研究旨在评估加纳上市金融机构的财务实力对可再生能源消费和二氧化碳排放的影响。设计/方法/方法采用回归分析来估计2009年至2018年数据中资产质量、信贷管理、股本/资产回报率和企业规模对可再生能源消耗和二氧化碳排放的影响。研究结果表明,股本回报率降低了可再生能源的消耗,增加了二氧化碳的排放。研究还发现,信贷风险管理和资产质量对加纳的可再生能源消费产生了积极影响,但减少了二氧化碳排放。政策制定者需要确定有利可图但污染较少的企业,并引起该国金融机构的注意。这可能导致银行和其他提供贷款的机构停止向对环境有害的企业提供贷款。本文评估了金融机构的资金实力对可再生能源消费和二氧化碳排放的影响。
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
CiteScore
6.80
自引率
22.60%
发文量
63
期刊介绍: The International Journal of Energy Sector Management aims to facilitate dissemination of research on issues relating to supply management (covering the entire supply chain of resource finding, extraction, production, treatment, conversion, transportation, distribution and retail supply), demand and usage management, waste management, customer and other stakeholder management, and solutions thereto. The journal covers all forms of energy (non-renewable and renewable), forms of supply (centralised or decentralised), ownership patterns (public or private, cooperative, joint, or any other), market structures (formal, informal, integrated, disintegrated, national, international, local, etc.) and degress of commoditisation (e.g. internationally traded, regionally traded, non-traded, etc.). The journal aims to cover a wide range of subjects relevant to the management of the energy sector, including but not limited to: Management of scarce resources (economic, financial, human and natural), projects, activities and concerns (e.g. regulatory, social and environmental aspects), technologies and knowledge Business strategy, policy and planning as well as decision support systems for energy sector management Business organisation, structure and environment, and changes thereto Globalisation and multi-cultural management Management of innovation, change and transition.
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