ENERGY FINANCING, COVID-19 REPERCUSSIONS, AND CLIMATE CHANGE: IMPLICATIONS FOR EMERGING ECONOMIES

Linhai Zhao, Hayot Berk Saydaliev and Sajid Iqbal

Chapter 7 in Sustainable Growth and Green Policies:Navigating Energy and Environmental Challenges, 2025, pp 157-175 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This study is intended to test the role of renewable energy financing on climate change and to present the implications for the key stakeholders towards the acquisition of post-covid-recovery in the Asian and ASEAN economies. For this, data envelopment analysis (DEA) technique is applied to draw an inference between the constructs. Study finding resulted that higher energy consumption and rise in environmental pollution has brought a great change in the ASEAN and Asian economies’ climate, for which, modern and renewable energy sources are suggested to use for the climate change mitigation. A sufficient amount of funds and the supply of energy finance to mitigate the climate change are eminently needed for the post-covid-recovery. Different financial institutions, banks and finance ministries of countries belonging from the both regions are suggested to play the best role. This is solely possible by pooling the funds in renewable energy sectors to enhance energy efficiency and control the climate change. This must be executed for the long-run period to get the desired outcomes. All the countries of both regions are further suggested to expedite the practices to apply strategic development goals (SDGs) for affordable and clean energy (SDG–7), climate change action (SDG–13) to achieve the national and global strategic objectives.

Keywords: Sustainable Growth; Green Policies; Energy Transition; Green Finance; Carbon Neutrality; Renewable Energy; Climate Change Policy; Environmental Sustainability; Economic Recovery; Carbon Markets; Sustainable Development; Energy Policy; Green Economic Recovery; Low-Carbon Economy; Financial Mechanisms For Sustainability; Climate Finance; Macroeconomic Policies and Sustainability; ESG Investing; Climate Resilience; Clean Energy Investment; Green Bonds; Sustainable Finance; Carbon Pricing; Energy Efficiency; Emerging Economies and Sustainability; Renewable Energy Financing; Circular Economy; Sustainable Investment; Climate Risk Assessment; Just Transition; ASEAN Energy Transition; BRICS Economies and Sustainability; OECD Green Policies; China's Carbon Market; EU Climate Policies; Southeast Asia Renewable Energy; Developing Economies and Climate Finance; Energy Poverty and Sustainable Solutions; Public Spending and Green Recovery; Net-Zero Policies; Econometric Models in Sustainability; Quantitative Analysis of Energy Markets; Cross-Sectional Autoregressive Distributed Lag Models; Behavioral Finance and Renewable Energy Investment; Policy Evaluation Frameworks; Decarbonization; Sustainable Development Goals; Green Growth (search for similar items in EconPapers)
JEL-codes: F64 O13 Q50 Q56 Q58 (search for similar items in EconPapers)
Date: 2025
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