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The Introduction of Green Finance - A Curse or a Benefit to Environmental Sustainability?

Author

Listed:
  • Abdulrasheed Zakari
  • Irfan Khan

    (School of Management and Economics, Beijing Institute of Technology, China)

Abstract

In this study, we examine the role of green finance in achieving a sustainable environment for 11 of the top countries in terms of investment in environmental protection from 2006 to 2017. By applying panel-corrected standard errors and the feasible generalized least squares model, we find that green finance is associated with an improvement in environmental sustainability. However, energy consumption and urbanization have an adverse effect on environmental sustainability.

Suggested Citation

  • Abdulrasheed Zakari & Irfan Khan, 2022. "The Introduction of Green Finance - A Curse or a Benefit to Environmental Sustainability?," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 3(Early Vie), pages 1-5.
    • Handle: RePEc:ayb:jrnerl:61
    DOI: 2022/06/27
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    References listed on IDEAS

    as
    1. Haifeng Huang & Jing Zhang, 2021. "Research on the Environmental Effect of Green Finance Policy Based on the Analysis of Pilot Zones for Green Finance Reform and Innovations," Sustainability, MDPI, vol. 13(7), pages 1-14, March.
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    More about this item

    Keywords

    urbanization; energy consumption; environmental degradation; green finance;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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