The nexus of Green finance and renewable energy on CO2 emissions

Rim El Khoury, Nohade Nasrallah, Hazem Marashdeh, Osama F. Atayah and Kaliyan Mathiyazhagan

Business Strategy and the Environment, 2024, vol. 33, issue 8, 8911-8928

Abstract: As greener strategies become the top priority of all nations, their contributions toward decarbonized economies arise as an important topic. The present study attempts to weigh the effect of such strategies. We investigate this relationship using panel regressions and applying many tests based on data gathered from 2010 to 2019. Our findings underscore the positive impact of adopting green initiatives on mitigating environmental pollution. Specifically, we demonstrate that renewable energy consumption serves as a vital substitute for traditional energy sources in G7 nations, offering significant opportunities for private sector involvement in sustainable energy ventures. However, green finance initiatives exhibit positive outcomes while certain aspects of economic development exert detrimental consequences on environmental conditions. The current study is useful for environmental protection agencies, organizations, analysts, policymakers, and the private sector, as the role of green finance and energy efficiency is highly manifested. By channeling and reallocating appropriate funds to green projects, including those led by private enterprises, G7 countries can proactively address environmental degradation and align with the objectives outlined in the Paris Agreement.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1002/bse.3914

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:bstrat:v:33:y:2024:i:8:p:8911-8928

Ordering information: This journal article can be ordered from
http://onlinelibrary ... 1002/(ISSN)1099-0836

Access Statistics for this article

Business Strategy and the Environment is currently edited by Richard Welford

More articles in Business Strategy and the Environment from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().