Quantifying carbon emissions through financial development in Ghana: empirical evidence from novel dynamic ARDL and KRLS techniques DOI Creative Commons
Kwadwo Boateng Prempeh, Christian Kyeremeh, Samuel Yeboah Asuamah

et al.

Cogent Economics & Finance, Journal Year: 2024, Volume and Issue: 12(1)

Published: Nov. 4, 2024

The critical issue of environmental degradation emphasises the urgent need for coordinated actions to safeguard and restore planet's fragile ecological balance. This study examines relationship between financial development carbon emissions in Ghana from 1990 2020, focusing on roles natural resource rents economic sustainability. Utilizing time-series data World Bank applying a dynamic autoregressive distributed lag (ARDL) model kernel-based regularized least squares (KRLS) machine learning technique, findings indicate that significantly increases both short- long-term. At same time, have negligible impact short term but contribute increased long run. Conversely, sustainability consistently reduces long-run. Our highlight policymakers prioritize green financing initiatives, promote products support renewable energy, implement stricter regulations exploitation. Additionally, incentives institutions invest environmentally-sustainable projects are vital achieving Ghana's neutrality goals.

Language: Английский

Green growth in Africa: The role of renewable energy, biocapacity, government policies, and R&D on CO2 emissions reductions DOI
Kyei Emmanuel Yeboah, Junwen Feng, Seidu Abdulai Jamatutu

et al.

Journal of Environmental Management, Journal Year: 2024, Volume and Issue: 371, P. 123089 - 123089

Published: Oct. 31, 2024

Language: Английский

Citations

11
Dynamic interaction between financial development, institutional quality and environmental conditions: new insights from MENA region DOI

Semia Rachid,

Mohamed Nasr, Jamel Boukhatem

et al.

Development and sustainability in economics and finance., Journal Year: 2025, Volume and Issue: unknown, P. 100050 - 100050

Published: Feb. 1, 2025

Language: Английский

Citations

2
The role of renewable energy and total factor productivity in reducing carbon emissions: A case of top-ranked nations in the renewable energy country attractiveness index DOI Creative Commons
Fakhri Hasanov, Shahriyar Mukhtarov, Elchin Suleymanov

et al.

Journal of Environmental Management, Journal Year: 2024, Volume and Issue: 361, P. 121220 - 121220

Published: May 27, 2024

On the one hand, economies, particularly developing ones, need to grow. other climate change is most pressing issue globally, and nations should take necessary measures. Such a complex task requires new theoretical empirical models capture this complexity provide insights. Our study uses newly developed framework that involves renewable energy consumption (REC) total factor productivity (TFP) alongside traditional factors of CO2 emissions. It provides policymakers with border information compared models, such as Environmental Kuznets Curve (EKC), being limited income population. Advanced panel time series methods are also employed, addressing data issues while producing not only pooled but country-specific results. 20 Renewable Energy Country Attractiveness Index (RECAI) considered in study. The results show REC, TFP, exports reduce emissions elasticities 0.3, 0.4, respectively. Oppositely, imports increase 0.8 0.3. Additionally, we RECAI countries commonly affected by global regional factors. Moreover, find shocks can create permanent changes levels temporary their growth rates. main policy implication findings authorities implement measures boosting TFP REC. These driven mainly technological progress, innovation, efficiency gains. Thus, they simultaneously promoting long-run green economic growth, which addresses mentioned above some extent.

Language: Английский

Citations

5
Green Finance and Industrial Low-Carbon Transition: A Case Study on Green Economy Policy in Kazakhstan DOI Open Access
Garafutdinova Daniya, Decai Tang

Sustainability, Journal Year: 2024, Volume and Issue: 16(17), P. 7731 - 7731

Published: Sept. 5, 2024

The transition to a low-carbon (LC) economy is major challenge for governments around the world. This article aims investigate most effective market and governmental initiatives facilitate industrial sector’s shift less carbon-intensive economy. According our analysis, Green Economy Policy (GEP) has potential reduce industry carbon emissions (CEs) in some areas by promoting energy transition, rather than focusing on developing short-term reduction methods. We found that GEP decreased pilot sites’ intensity (CI) an average of 7.88%, this persisted after many robustness checks. favorable impact differs based population size (large small populations) geographic location (eastern, central, western, northern, southern regions). Also, it critical emphasize how crucial green financing (GF) ease transition.

Language: Английский

Citations

4
Green Finance or Carbon Trap? The Role of Financial Development in Ghana’s CO₂ Emissions DOI
Kwadwo Boateng Prempeh

Research Square (Research Square), Journal Year: 2025, Volume and Issue: unknown

Published: April 15, 2025

Abstract Purpose – This study examines the symmetric and asymmetric effects of financial development on CO₂ emissions in Ghana, incorporating roles natural resource rents economic sustainability. Design/Methodology/Approach – Using annual data from 1990 to 2020, employs linear nonlinear autoregressive distributed lag (ARDL NARDL) models assess long- short-term relationships. Principal Component Analysis (PCA) is applied construct an sustainability index. Findings The results confirm a long-run relationship between emissions. Financial contribute increased emissions, whereas reduces NARDL model reveals effects: positive shocks significantly increase while negative have neutral impact. Short-term suggest that also drives growth. Research Implications findings underscore need for policies promote aligned with environmental Policymakers should incentivize green financing, strengthen regulations extraction, integrate into mitigate Originality/Value among first explore impact considering By highlighting effects, research provides new insights policymakers scholars examining consequences sector expansion.

Language: Английский

Citations

0
IMPACT OF FINANCIAL DEVELOPMENT, TECHNOLOGICAL INNOVATION, GREEN TRADE AND INSTITUTIONAL QUALITY ON SUSTAINABLE DEVELOPMENT: REVELATIONS FROM GLOBAL EVIDENCE DOI

Toan V. Pho,

Dang Duy-Anh Phan,

Gia Quyen Phan

et al.

Deleted Journal, Journal Year: 2025, Volume and Issue: unknown, P. 100058 - 100058

Published: April 1, 2025

Language: Английский

Citations

0
Revisiting Emissions: How Economic Structure, Financial Development, Urbanisation, Trade Openness, and Natural Resource Rent Shape CO2 and N2O DOI Open Access
Thi Thuy,

Bich Ha Dam,

Thi Phuong Dung Ha

et al.

Sustainability, Journal Year: 2025, Volume and Issue: 17(11), P. 4872 - 4872

Published: May 26, 2025

Achieving zero carbon emissions is crucial for mitigating climate change and meeting global targets. This study examines the economic financial drivers of dioxide (CO2) nitrous oxide (N2O) using a panel dataset 141 developed developing countries from 1990 to 2020. Employing generalised method moments (GMM), findings indicate that industrial manufactural activities remain dominant source CO2 emissions, particularly in economies, while agriculture major contributor N2O especially countries. While service sector reduces both effect more pronounced than N2O. Urbanisation, trade openness, natural resource rents also positively correlate with emissions. However, development presents dual effect, offering potential reduction through green financing. These insights underscore need targeted policies, including stricter regulations, sustainable agricultural practices, urban planning, strategies support low-carbon transitions.

Language: Английский

Citations

0
Realizing Carbon Neutrality in Top-Emitter Countries: Do Green Technology Innovation, Renewable Energy, Financial Development, and Environmental Tax Matters? DOI Open Access
Olani Bekele Sakilu, Haibo Chen

Sustainability, Journal Year: 2024, Volume and Issue: 17(1), P. 37 - 37

Published: Dec. 25, 2024

As a result of the growing global climate crisis, many countries have pledged to cut carbon dioxide emissions and other greenhouse gas achieve net-zero emission goals. These goals can be successfully realized with rollout environmental regulations, utilization green technology innovations, greater use renewable energies. This study explores influence energy, financial development, taxes, economic growth on CO2 in 19 highest emitting from 1994 2022. The results reveal that energy taxes negatively affect emissions, reinforcing essential role these variables journey toward neutrality. Green technological positive effects suggesting appropriate regulations policies are necessary attain net zero emissions. findings also indicate development positively affects quality by promoting innovations. causality bidirectional causal link between growth, Additionally, unidirectional relationship exists Based results, offers policy suggestions.

Language: Английский

Citations

2
Assessing the load capacity curve hypothesis considering the green energy transition, banking sector expansion, and import price of crude oil in the United States DOI Open Access

Xianying Pang,

Sana Fatima, Onur Yağış

et al.

Natural Resource Modeling, Journal Year: 2024, Volume and Issue: 37(4)

Published: Aug. 22, 2024

Abstract The existing literature consists of various studies that have addressed the interrelationship between banking expansion and carbon emissions but failed to consider supply‐side ecological issues. Keeping this in view, research aims assess impact green energy transition, sector expansion, import price crude oil on “load capacity factor (LCF)” United States from 1990 2021. “LCF” has emerged as a novel proxy date includes both “biocapacity footprint.” Using “bootstrap autoregressive distributed lag” model, found consumption renewable can enhance quality States. results verified acceptance curve” hypothesis. Moreover, it demonstrates development promotes environmental quality. Specifically, 1% improvement industry leads 0.93% increase LCF short term, well 1.28% long run. Furthermore, prices positive eventually sustainability. To be precise, rise imported 0.35% long‐term level. These were backed by findings several robustness tests. study, lastly, recommends government policymakers should use growth promoting attain their target zero 2050.

Language: Английский

Citations

1
Emissions effect of financial development in the GCC: is the effect asymmetric? DOI Creative Commons
Fakhri Hasanov, Sa’d Shannak, Shahriyar Mukhtarov

et al.

Environmental Economics and Policy Studies, Journal Year: 2024, Volume and Issue: unknown

Published: Oct. 13, 2024

Abstract Obviously, financial development is one of the factors to consider in designing climate policies. We investigated effects on co 2 emissions alongside income, total factor productivity, and international trade Gulf Cooperation Council (GCC) countries. Ignoring common can lead erroneous findings misleading policy recommendations. The same consequences occur if nature a factor’s incorrectly considered. Hence, Asymmetric Pooled Mean Group augmented with unobserved factors—a cutting-edge method allowing for discovery not only features pooled panel but also characteristics each country—was applied data from 1992 2021. Additionally, we accounted key properties time series data—cross-sectional dependence, non-stationarity heterogeneity. To our knowledge, there no such application GCC countries, internationally. In measures, few research are worth considering. (i) policies should account as ignoring them makes misleading. (ii) an upturn leads less than downturn it. This asymmetric effect implies that boost development. (iii) countries may converge identical relationship long run implying initiatives projects authorities work jointly.

Language: Английский

Citations

1