Steps toward Achieving Sustainable Development Goals: The Role of Carbon Finance, Green Social Behaviour and Awareness, Energy Transition, and Government Governance in E7 Countries

Firas Al-Rawashdeh (), Mahmoud Barakat Alnawaiseh (), Elham Hmoud Al-Faouri (), Ramzi M. Altarawneh (), Yaser Alsheyyab () and Sanjar Mirzaliev ()
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Firas Al-Rawashdeh: Department of Finance, Faculty of Business, The University of Jordan, Aqaba, Jordan
Mahmoud Barakat Alnawaiseh: Department of Business, School of Business, University of Jordan, Aqaba, Jordan
Elham Hmoud Al-Faouri: Department of Business Management, Faculty of Business, The University of Jordan, Aqaba, Jordan
Ramzi M. Altarawneh: Faculty of Art and Educational Science, Middle East University, Amman, Jordan
Yaser Alsheyyab: Costing and Network Economics at Orange Jordan, Amman, Jordan
Sanjar Mirzaliev: Department of Research and Innovations, Tashkent State University of Economics, Tashkent, Uzbekistan

International Journal of Energy Economics and Policy, 2025, vol. 15, issue 3, 120-129

Abstract: Sustainable development goals (SDGs) have become necessary for societies around the globe, and this requires academic and regulatory attention. Therefore, this study assesses the role of carbon finance, government governance, green behaviour and awareness, and energy transition, such as electricity production from water and solar sources, in achieving SDGs in the E7 countries. Secondary data is taken from the OECD, central banks, and WDI, covering the period 2001-2020. Continuously updated full modified (CUP-FM) and continuously updated bias-corrected (CUP-BC) approaches are employed to find the associations between the variables. The outcomes indicate that carbon finance, government governance, green behaviour and awareness, and electricity production from water and solar sources have a positive connection to SDG achievement in the E7 countries. The research offers guidance for policymakers in developing Sustainable Development Goals (SDGs) policies utilizing carbon finance, effective government governance, and green behavior and awareness.

Keywords: Carbon Finance; Government Governance; Green Behaviour and Awareness; Energy Transition; Electricity Production from Water Sources; Achievement of SDGs (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:v:15:y:2025:i:3:id:18749

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DOI: 10.32479/ijeep.18749

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