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Can green finance and energy provide a Glimmer of hope towards sustainable environment in the midst of chaos? An evidence from Malaysia       
Yazarlar
Arshian Sharif
Sunway University, Malaysia
Emrah Sofuoglu
Kırşehir Ahi Evran Üniversitesi, Turkey
Sinem Kocak
Independent Researcher, Turkey
Ahsan Anwar
UCSI University, Malaysia
Özet
Sustainable development has many dimensions, such as clean energy, green growth, and sustainable industry. Green finance has a key role in realizing these targets. The core focus of the existing paper is to demystify the influences of green finance, green energy on environmental dynamics in Malaysia covering the timeframe from 1990 to 2018. To this end, we employ the QARDL technique to peruse the effect of green finance, renewable energy, and economic growth on CO2 emissions and ecological footprint separately. By doing so, we crosscheck the empirical outcomes and inspect the consistency of the analysis. Firstly, empirical results show that the ecological footprint model yields similar results to the CO2 emissions model in terms of statistically significant quantile ranges and the magnitude of the coefficients. According to the overall results, GDP increases environmental degradation while green finance and renewable energy have a mitigating role. Finally, we confirm a significant EKC hypothesis for Malaysia. Based on these findings, we recommend Malaysian policymakers focus on energy efficiency, realize financial reforms and promote green energy through the financial system to achieve the 2050 net-zero emission target.
Anahtar Kelimeler
Carbon neutrality | CO emissions 2 | Ecological footprint | Green finance
Makale Türü Özgün Makale
Makale Alt Türü SSCI, AHCI, SCI, SCI-Exp dergilerinde yayımlanan tam makale
Dergi Adı Renewable Energy
Dergi ISSN 0960-1481
Dergi Tarandığı Indeksler SCI-Expanded
Dergi Grubu Q1
Makale Dili Türkçe
Basım Tarihi 03-2024
Cilt No 223
Sayfalar 119982 /
Doi Numarası 10.1016/j.renene.2024.119982
Makale Linki https://www.sciencedirect.com/science/article/pii/S0960148124000478