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| DOI | 10.1016/j.heliyon.2024.e25096 |
| Breaking barriers to climate finance: Asymmetric nexus between green investment and energy innovation in Europe | |
| Jiu, Jingli; Ali, Sajid; Nazar, Raima; Khan, Ahmad Imran | |
| 发表日期 | 2024 |
| EISSN | 2405-8440 |
| 起始页码 | 10 |
| 结束页码 | 3 |
| 卷号 | 10期号:3 |
| 英文摘要 | Growing concerns regarding climate change and the necessity to shift towards a low-carbon economy have resulted in a significant rise in the worth of green finance for developing energy technology. This growing emphasis on green finance underscores the urgency for a nuanced exploration of the asymmetric nexus between green investment and energy innovation in Europe. The present article investigates the asymmetric relationship between green investment and energy innovation in the top ten European nations with the highest green investment (France, Netherlands, Germany, Italy, Spain, Denmark, Austria, Finland, the UK, and Sweden). Formerly, panel data methodologies were employed to observe the link between green investment and energy innovation despite the absence of an exclusive connection in certain economies. On the other hand, this study uses 'Quantile-on-Quantile' approach for econometric estimation using the annual data from 2007 to 2022. This unique methodology enables a detailed and specific analysis of time-series interdependence in every economy, providing valuable perceptions of the nuanced relationship between these variables. Investment in renewable energy is employed as a proxy for green investment, while energy-related patents represent energy innovation. The study employs a quantile cointegration test to assess the variables long-run relationship. The results indicate a positive correlation between green investment and energy innovation in many countries at certain data points. Additionally, the analysis demonstrates that the extent of asymmetry between these variables varies across countries, stressing policymakers' need to closely monitor fluctuations in green investment and energy innovation. |
| 英文关键词 | Green investment; Energy innovation; Quantile estimation |
| 语种 | 英语 |
| WOS研究方向 | Science & Technology - Other Topics |
| WOS类目 | Multidisciplinary Sciences |
| WOS记录号 | WOS:001182022300001 |
| 来源期刊 | HELIYON
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/299010 |
| 作者单位 | Henan Finance University; Bahauddin Zakariya University; Universiti Putra Malaysia |
| 推荐引用方式 GB/T 7714 | Jiu, Jingli,Ali, Sajid,Nazar, Raima,et al. Breaking barriers to climate finance: Asymmetric nexus between green investment and energy innovation in Europe[J],2024,10(3). |
| APA | Jiu, Jingli,Ali, Sajid,Nazar, Raima,&Khan, Ahmad Imran.(2024).Breaking barriers to climate finance: Asymmetric nexus between green investment and energy innovation in Europe.HELIYON,10(3). |
| MLA | Jiu, Jingli,et al."Breaking barriers to climate finance: Asymmetric nexus between green investment and energy innovation in Europe".HELIYON 10.3(2024). |
| 条目包含的文件 | 条目无相关文件。 | |||||
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