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Unleashing the Role of Green Finance, Clean Energy, and Environmental Responsibility in Emission Reduction

Author

Listed:
  • Tien Cao Minh

    (Academy of Finance, Hanoi, Vietnam)

  • Niki Naderi

    (��Azad University Tehran North, Tehran, Iran)

Abstract

Green finance (GFIN) has become a viable option for dealing with climate change in recent years. However, it is yet unknown how well it will affect low-carbon paths in recipient nations. As a result, the main goal of this study is to determine the causal relationship between clean energy (CENE), GFIN, and environmental responsibility (ERES) by using the innovative time-varying causality test on daily data from August 25, 2014, to September 12, 2021. The study is based on S&P Dow Jones Global Clean Energy, Green Bond, and Environmental and Social Indices. Adopting a time-varying technique should be trustworthy and resilient since the data exhibit consistent rising and negative trends. The findings demonstrate that GFIN helps to reduce carbon emissions. This research demonstrates the need to develop a thorough strategy to enhance ERES and GFIN by acquiring green technologies to achieve effective energy transition and sustainable development objectives.

Suggested Citation

  • Tien Cao Minh & Niki Naderi, 2022. "Unleashing the Role of Green Finance, Clean Energy, and Environmental Responsibility in Emission Reduction," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 24(03), pages 1-12, September.
    • Handle: RePEc:wsi:jeapmx:v:24:y:2022:i:03:n:s1464333222500338
    DOI: 10.1142/S1464333222500338
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    Cited by:

    1. Amin, Sakib Bin & Taghizadeh-Hesary, Farhad, 2023. "Tourism, sustainability, and the economy in Bangladesh: The innovation connection amidst Covid-19," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 153-167.
    2. Wang, Xiaoyuan & Wang, Jiahaoran & Guan, Weimin & Taghizadeh-Hesary, Farhad, 2023. "Role of ESG investments in achieving COP-26 targets," Energy Economics, Elsevier, vol. 123(C).
    3. Liu, Yang & Zhao, Xiaomeng & Dong, Kangyin & Jiang, Qingzhe, 2023. "Assessing the role of green finance in sustainable energy investments by power utilities: Evidence from China," Utilities Policy, Elsevier, vol. 84(C).
    4. Zhang, Dongyang & Guo, Yumei & Taghizadeh-Hesary, Farhad, 2023. "Green finance and energy transition to achieve net-zero emission target," Energy Economics, Elsevier, vol. 126(C).

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