Unveiling the Role of ESG in Ensuring Low-Carbon Energy Transition

Samariddin Makhmudov (), Sardorbek Madaminov (), Daniyor Kurbanov (), Nilufar Nabiyeva (), Khamid Sabirov (), Nazirjon Rajabov () and Maxbuba Ruzmetova ()
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Samariddin Makhmudov: Department of Finance and Tourism, Termez University of Economics and Service, Termez, Uzbekistan; & Department of Economics, Mamun University, Khiva, 220900, Uzbekistan; & Center of the Engagement of International Ranking Agencies, Tashkent State University of Economics, Tashkent, Uzbekistan
Sardorbek Madaminov: Department of Economics, Urgench State University, Urgench, Uzbekistan
Daniyor Kurbanov: Department of Business Management, Tashkent State University of Economics, Tashkent, Uzbekistan
Nilufar Nabiyeva: Department of International Tourism and Economy, Kokand University, Kokand, Fergana, Uzbekistan
Khamid Sabirov: Department of Economics, Urgench Ranch University of Technology, Urgench 220100, Uzbekistan
Nazirjon Rajabov: Department of International Scientific Journals and Ratings, Alfraganus University, Tashkent, Uzbekistan
Maxbuba Ruzmetova: Department of Business and Management, Urgench State University, Urgench, Uzbekistan

International Journal of Energy Economics and Policy, 2025, vol. 15, issue 6, 391-397

Abstract: Currently, the position of ESG in energy transition is becoming one of the hot research topics in the academia. In this context, this work studies the impact of ESG on low-carbon energy risk in the panel of 148 nations over the period 2000-2023. As an econometric tool, Method of Moments Quantile Regression is employed which is robust method for heteroscedasticity. The estimations reveal that the promotion of ESG reduces low-carbon energy risk across all the quantiles from 10% to 90%. Furthermore, sub-dimension tests are conducted using environmental, social and governance indices of ESG separately. They also show the negative impact on low-carbon energy risk. Overall, the findings are aligned with both theoretical and economic linkages.

Keywords: Environmental; Social; and Governance; Low-Carbon Energy Risk; Method of Moments Quantile Regression (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:6:id:21720

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DOI: 10.32479/ijeep.21720

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