{"title":"从棕色到绿色：探索金砖五国+6 联盟中绿色金融与碳足迹之间的不对称关系","authors":"Zheng Gong , Liuji Gong , Zeeshan Rasool","doi":"10.1016/j.bir.2024.01.010","DOIUrl":null,"url":null,"abstract":"<div><p>Green finance is the beacon of hope in a world striving for sustainability, where financial growth and environmental responsibility go hand in hand. The BRICS, containing five emerging economies (Brazil, Russia, India, China, and South Africa), recently announced Iran, Egypt, Argentina, Ethiopia, Saudi Arabia, and the UAE as six potential new members. This expansion offers promising prospects for advancing environmental sustainability through green finance, which can be an excellent tool. In this respect, this research examines how green finance affects the carbon footprint in BRICS+6 economies. Earlier studies used panel data techniques to probe the association between these variables but overlooked that certain countries still needed to possess such a link separately. Hence, this research adopts the Quantile-on-Quantile approach, which provides a holistic universal view and customized findings for each country. The outcomes display that green finance improves environmental quality by diminishing carbon footprint at distinct quantiles of data distribution.</p></div>","PeriodicalId":46690,"journal":{"name":"Borsa Istanbul Review","volume":null,"pages":null},"PeriodicalIF":6.3000,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2214845024000176/pdfft?md5=de8b83cc40ab0e2cbfbad047ed2588fd&pid=1-s2.0-S2214845024000176-main.pdf","citationCount":"0","resultStr":"{\"title\":\"From Brown to green: Exploring asymmetric nexus between green finance and carbon footprint in BRICS+6 alliance\",\"authors\":\"Zheng Gong , Liuji Gong , Zeeshan Rasool\",\"doi\":\"10.1016/j.bir.2024.01.010\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>Green finance is the beacon of hope in a world striving for sustainability, where financial growth and environmental responsibility go hand in hand. The BRICS, containing five emerging economies (Brazil, Russia, India, China, and South Africa), recently announced Iran, Egypt, Argentina, Ethiopia, Saudi Arabia, and the UAE as six potential new members. This expansion offers promising prospects for advancing environmental sustainability through green finance, which can be an excellent tool. In this respect, this research examines how green finance affects the carbon footprint in BRICS+6 economies. Earlier studies used panel data techniques to probe the association between these variables but overlooked that certain countries still needed to possess such a link separately. Hence, this research adopts the Quantile-on-Quantile approach, which provides a holistic universal view and customized findings for each country. The outcomes display that green finance improves environmental quality by diminishing carbon footprint at distinct quantiles of data distribution.</p></div>\",\"PeriodicalId\":46690,\"journal\":{\"name\":\"Borsa Istanbul Review\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":6.3000,\"publicationDate\":\"2024-03-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://www.sciencedirect.com/science/article/pii/S2214845024000176/pdfft?md5=de8b83cc40ab0e2cbfbad047ed2588fd&pid=1-s2.0-S2214845024000176-main.pdf\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Borsa Istanbul Review\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S2214845024000176\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Borsa Istanbul Review","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S2214845024000176","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
From Brown to green: Exploring asymmetric nexus between green finance and carbon footprint in BRICS+6 alliance
Green finance is the beacon of hope in a world striving for sustainability, where financial growth and environmental responsibility go hand in hand. The BRICS, containing five emerging economies (Brazil, Russia, India, China, and South Africa), recently announced Iran, Egypt, Argentina, Ethiopia, Saudi Arabia, and the UAE as six potential new members. This expansion offers promising prospects for advancing environmental sustainability through green finance, which can be an excellent tool. In this respect, this research examines how green finance affects the carbon footprint in BRICS+6 economies. Earlier studies used panel data techniques to probe the association between these variables but overlooked that certain countries still needed to possess such a link separately. Hence, this research adopts the Quantile-on-Quantile approach, which provides a holistic universal view and customized findings for each country. The outcomes display that green finance improves environmental quality by diminishing carbon footprint at distinct quantiles of data distribution.
期刊介绍：
Peer Review under the responsibility of Borsa İstanbul Anonim Sirketi. Borsa İstanbul Review provides a scholarly platform for empirical financial studies including but not limited to financial markets and institutions, financial economics, investor behavior, financial centers and market structures, corporate finance, recent economic and financial trends. Micro and macro data applications and comparative studies are welcome. Country coverage includes advanced, emerging and developing economies. In particular, we would like to publish empirical papers with significant policy implications and encourage submissions in the following areas: Research Topics: • Investments and Portfolio Management • Behavioral Finance • Financial Markets and Institutions • Market Microstructure • Islamic Finance • Financial Risk Management • Valuation • Capital Markets Governance • Financial Regulations
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