Green Finance or Carbon Trap? The Role of Financial Development in Ghana’s CO₂ Emissions
Research Square (Research Square),
Год журнала:
2025,
Номер
unknown
Опубликована: Апрель 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.
Язык: Английский
Quantifying carbon emissions through financial development in Ghana: empirical evidence from novel dynamic ARDL and KRLS techniques
Cogent Economics & Finance,
Год журнала:
2024,
Номер
12(1)
Опубликована: Ноя. 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.
Язык: Английский
Sustainable Development, Natural Resource Funds and Education Investment: Evidence from Indonesia
E3S Web of Conferences,
Год журнала:
2024,
Номер
594, С. 01001 - 01001
Опубликована: Янв. 1, 2024
Sustainable
development
entails
a
developmental
pathway
that
maximizes
the
utilization
of
natural
and
human
resources
while
ensuring
their
harmonious
integration
into
framework.
Environmental
stewardship,
which
yields
social,
economic,
cultural
advantages,
should
adhere
to
principles
caution,
environmental
inclusivity,
decentralization,
acknowledgment
of,
as
well
reverence
for,
indigenous
wisdom
ecological
integrity.
Community
welfare
can
be
achieved
by
meeting
fundamental
needs,
one
is
education.
Quality
will
able
contribute
more
sophisticated
technological
advances
so
increase
production
efficiency.
This
study
analyzes
role
Natural
Resources
Revenue
Sharing
Fund
(DBH
SDA)
on
government
investment
in
education
491
districts/cities
Indonesia
using
panel
data
regression
analysis.
The
results
analysis
showed
per
capita
DBH
SDA
2010-2012
research
period
had
positive
significant
influence
selection
was
based
consideration
there
been
resource
boom
during
world’s
demand
for
commodities
increased,
followed
an
commodity
prices,
it
impact
increasing
source
revenue
countries
or
regions
abundance
resources.
Язык: Английский