气候变化领域集成服务门户(CCPortal): Climate commitments and financial moderation: A deep dive into renewable energy's influence on OECD carbon footprints

CCPortal

DOI	10.1016/j.eap.2024.02.026
	Climate commitments and financial moderation: A deep dive into renewable energy's influence on OECD carbon footprints
	Hassan, Hassan; Tian, Shanwu; Safi, Adnan; Umar, Muhammad
发表日期	2024
ISSN	0313-5926
起始页码	81
卷号	81
英文摘要	The emphasis placed on climate change at the COP28 summit highlights the need for a deeper understanding of the factors influencing sustainable development. Therefore, this study utilizes data from 27 OECD countries from 1992 to 2020 to investigate the complex relationships among renewable energy consumption (RE), environmental regulations (ER), financial efficiency (FE), and trade-adjusted carbon emissions (CCE). Additionally, we examine the moderating role of FE in the relationship between RE and CCE. This study employs the method of moment quantile regression to demonstrate that an increase in RE and more strict ER substantially reduces CCE. Similarly, FE has a significant inverse effect on environmental degradation. Further, we observe that as RE increases, FE plays a crucial moderating role, reinforcing the inverse relationship with CCE. In the context of the COP28 summit, this study recommends that policymakers integrate renewable energy strategies with financial restructuring to facilitate sustainable economic growth amidst climate change.
英文关键词	Financial efficiency; COP28; Environmental regulations; Renewable energy; OECD countries
语种	英语
WOS研究方向	Business & Economics
WOS类目	Economics
WOS记录号	WOS:001193772800001
来源期刊	ECONOMIC ANALYSIS AND POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/287068
作者单位	Qingdao University; Qingdao University; Lebanese American University; Lebanese American University
推荐引用方式 GB/T 7714	Hassan, Hassan,Tian, Shanwu,Safi, Adnan,et al. Climate commitments and financial moderation: A deep dive into renewable energy's influence on OECD carbon footprints[J],2024,81.
APA	Hassan, Hassan,Tian, Shanwu,Safi, Adnan,&Umar, Muhammad.(2024).Climate commitments and financial moderation: A deep dive into renewable energy's influence on OECD carbon footprints.ECONOMIC ANALYSIS AND POLICY,81.
MLA	Hassan, Hassan,et al."Climate commitments and financial moderation: A deep dive into renewable energy's influence on OECD carbon footprints".ECONOMIC ANALYSIS AND POLICY 81(2024).