Research on the impact of financial development in different regions on the decoupling of carbon emissions from economic growth

IF 4 4区环境科学与生态学 Q2 ENVIRONMENTAL STUDIES

Energy & Environment Pub Date : 2022-06-14 DOI:10.1177/0958305X221107341

Jieming Huang, L. Guo

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引用次数: 2

Abstract

The decoupling of carbon emissions has also become the dependence of countries’ development. Finance plays an important role in decoupling economic development from carbon emissions. This paper explores the impact of financial development in different regions on the decoupling of carbon emissions from economic growth, using the Tapio decoupling elastic model and the method of fully modified least squares (FMOLS) to study the impact of financial development on carbon emissions in six regional panels from 1995 to 2020: and Foreign direct investment (FDI), urbanization, population, and infrastructure as control variables. The results turn out that financial development will promote the decoupling of carbon emissions from economic growth in the ECA region. For EAP, SSA, AC, SA, and MENA regions, financial development will promote the growth of carbon emissions, and due to the different economic development dynamics of different countries, the positive effects of financial development on carbon emissions are heterogeneous. The impact of FDI, urbanization, and infrastructure on carbon emissions varies from region to region. The population will promote the growth of carbon emissions, regardless of the region. In addition, the ECA region is the most countries that has achieved the strong decoupling and is the first to realize the transition from weak decoupling to strong decoupling. Therefore,the ECA, EAP and AC region should accelerate the construction of a green financial system to promote the decoupling of economic growth and carbon emissions. The SSA, SA and MENA region should speed up the transformation of economic development mode and move towards weak decoupling or even strong decoupling.

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不同区域金融发展对碳排放与经济增长脱钩的影响研究

碳排放的脱钩也成为各国发展的依赖。金融在经济发展与碳排放脱钩中发挥着重要作用。本文探讨了不同区域金融发展对碳排放与经济增长脱钩的影响，采用Tapio脱钩弹性模型和完全修正最小二乘(FMOLS)方法，研究了1995 - 2020年6个区域面板上金融发展对碳排放的影响，并以外商直接投资(FDI)、城市化、人口和基础设施为控制变量。研究结果表明，金融发展将促进ECA地区碳排放与经济增长脱钩。对于EAP、SSA、AC、SA和MENA地区，金融发展将促进碳排放的增长，由于不同国家的经济发展动态不同，金融发展对碳排放的积极影响具有异质性。FDI、城市化和基础设施对碳排放的影响因地区而异。无论在哪个地区，人口都会促进碳排放的增长。此外，非洲经委会地区是实现强脱钩最多的国家，也是最早实现弱脱钩向强脱钩过渡的国家。因此，ECA、EAP和AC地区应加快构建绿色金融体系，促进经济增长与碳排放的脱钩。撒哈拉以南非洲、撒哈拉以南非洲和中东和北非地区应加快转变经济发展方式，向弱脱钩乃至强脱钩方向发展。

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

Energy & Environment ENVIRONMENTAL STUDIES-

CiteScore

7.60

自引率

7.10%

发文量

157

期刊介绍： Energy & Environment is an interdisciplinary journal inviting energy policy analysts, natural scientists and engineers, as well as lawyers and economists to contribute to mutual understanding and learning, believing that better communication between experts will enhance the quality of policy, advance social well-being and help to reduce conflict. The journal encourages dialogue between the social sciences as energy demand and supply are observed and analysed with reference to politics of policy-making and implementation. The rapidly evolving social and environmental impacts of energy supply, transport, production and use at all levels require contribution from many disciplines if policy is to be effective. In particular E & E invite contributions from the study of policy delivery, ultimately more important than policy formation. The geopolitics of energy are also important, as are the impacts of environmental regulations and advancing technologies on national and local politics, and even global energy politics. Energy & Environment is a forum for constructive, professional information sharing, as well as debate across disciplines and professions, including the financial sector. Mathematical articles are outside the scope of Energy & Environment. The broader policy implications of submitted research should be addressed and environmental implications, not just emission quantities, be discussed with reference to scientific assumptions. This applies especially to technical papers based on arguments suggested by other disciplines, funding bodies or directly by policy-makers.