金融部门的发展能否缓解电力部门的二氧化碳排放,从而在金砖国家建立环境可持续性?

IF 8.4 2区 环境科学与生态学 Q1 ENVIRONMENTAL SCIENCES
Nazia Iqbal Hashmi, Samariddin Makhmudov, Wafa Ghardallou, Mohammad Mahtab Alam
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引用次数: 0

摘要

因为金砖国家集团占全球与能源使用相关的二氧化碳排放量的一半左右。因此,减少二氧化碳排放不仅对促进整个欧盟的环境可持续性至关重要,而且对改善全球整体环境状况也至关重要。因此,本研究评估了金融部门的发展是否有可能使金砖国家在控制其自然资源依赖、可再生能源采用、制度质量和国际贸易参与水平的同时,减少与电力部门相关的排放。在新颖性方面,以往的研究大多评估了金融发展和自然资源如何独立影响二氧化碳排放总量,而本研究还强调了金融发展和自然资源对金砖国家电力部门二氧化碳排放(PSCO2)的共同影响。此外,尽管过去的研究考察了自然资源作为一个整体如何影响二氧化碳排放,但本研究进一步探讨了自然资源-二氧化碳排放关系在依赖不同类型自然资源之间是否存在异质性。因此,根据实证估计,我们发现,随着金砖国家金融部门的发展,其年度PSCO2也可能上升。此外,从长期来看,对自然资源的依赖也会对二氧化碳排放产生促进作用。然而,金融部门的发展和对自然资源的依赖共同减缓了金砖国家每年的二氧化碳排放量。因此,这些研究结果表明,通过提供绿色金融服务来发展金融部门可以提高自然资源部门的生产率,这反过来又可能使金砖国家部分抵消与自然资源依赖相关的psco2促进影响。此外,研究结果还证实,可再生能源转型可以降低年PSCO2。相比之下,制度质量的提高提高了排放水平,而国际贸易对排放的影响在统计上尚无定论。此外,当考虑分解的自然资源数据时,发现上述发现适用于本研究中考虑的大多数自然资源类型。此外,从稳健性检查分析中得出的结果也证实了不同估计技术的结果的稳健性。因此,在金砖国家背景下,这些研究结果强调了采取绿色金融部门发展政策、提高自然资源型部门的生产率、降低能源密集型、加快可再生能源转型速度以及建立严格的环境制度的重要性。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Does financial sector development mitigate power sector-based carbon dioxide emissions to establish environmental sustainability in BRICS?

Since the BRICS bloc accounts for around half of global carbon-dioxide (CO2) emissions associated with energy use. Thus, mitigating CO2 emissions is critically important not only to promote environmental sustainability across this bloc, but also for the sake of improving global environmental conditions as a whole. Accordingly, this study evaluates whether financial sector development is likely to enable the BRICS countries to curtail emissions associated with their power sectors, while controlling for their natural resource dependency, renewable energy adoption, institutional quality, and international trade participation levels. Regarding novelty, while past studies mostly assessed how financial development and natural resources independently affect total CO2 emission levels, this study also emphasizes the joint impacts of financial development and natural resources specifically on Power Sector-based Carbon-dioxide Emissions (PSCO2) in the BRICS countries. In addition, although past studies checked how natural resources, as a whole, affect CO2 emissions, this study probes further to estimate whether the natural resource-CO2 emissions nexus exhibits heterogeneity across dependencies on different types of natural resources. Accordingly, based on empirical estimates, it is found that as financial sectors in the BRICS countries develop, their yearly PSCO2 are likely to rise as well. Besides, more reliance on natural resources is also found to exert CO2 emission-boosting impacts in the long-run. However, financial sector development and natural resource dependency are jointly observed to mitigate the yearly CO2 emission figures of the BRICS countries. Thus, these findings endorsed that developing the financial sector by providing green financial services can enhance the productivity of natural resource sectors, which, in turn, might enable the BRICS countries to partially offset the PSCO2-boosting impacts associated with natural resource dependency. Moreover, the findings also affirm that annual PSCO2 can be reduced by undergoing the renewable energy transition. Contrastingly, enhancing quality of institution was found to enhance the emissions levels, while international trade's effect on emissions is not statistically conclusive. Furthermore, when disaggregated natural resource data is considered, the above findings are found to hold most natural resource types considered in this study. In addition, the robustness of the findings across alternative estimation techniques is also confirmed by findings derived from the robustness-checking analysis. Therefore, in the BRICS context, these findings highlight the significance of adopting green financial sector development policies, making natural resource-based sectors more productive and less energy intensive, enhancing renewable energy transition speeds, and developing strict environmental institutions.

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来源期刊
Journal of Environmental Management
Journal of Environmental Management 环境科学-环境科学
CiteScore
13.70
自引率
5.70%
发文量
2477
审稿时长
84 days
期刊介绍: The Journal of Environmental Management is a journal for the publication of peer reviewed, original research for all aspects of management and the managed use of the environment, both natural and man-made.Critical review articles are also welcome; submission of these is strongly encouraged.
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