RETRACTED: Nexus Between Green Finance, Energy Efficiency, and Carbon Emission: Covid-19 Implications From BRICS Countries
The threats of climatic change on life, health, and the environment have been regarded by the joint consensus of scholars in the recent decades. With the advancement of global green development, green finance has paved the way for the government to respond to the challenges of climate change by prov...
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2021-12-01
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| Series: | Frontiers in Energy Research |
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| Online Access: | https://www.frontiersin.org/articles/10.3389/fenrg.2021.786659/full |
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| author | Xiaoxia Wang Jiaoya Huang Ziman Xiang Jialiang Huang |
| author_facet | Xiaoxia Wang Jiaoya Huang Ziman Xiang Jialiang Huang |
| author_sort | Xiaoxia Wang |
| collection | DOAJ |
| description | The threats of climatic change on life, health, and the environment have been regarded by the joint consensus of scholars in the recent decades. With the advancement of global green development, green finance has paved the way for the government to respond to the challenges of climate change by providing mature financial services, appropriate financing, investment, and project funds related to environmental protection. In this context, green finance was proposed, and the relationship between green finance, renewable energy, and carbon emissions in the BRICS countries from 2000 to 2018 was further studied based on the quantile regression model. The presence of cross-sectional dependence in panel results is tested through CD and LM methods. The findings show the negative effect of green finance and non-fossil energy consumption on CO2 emissions. Furthermore, economic growth, trade openness, energy consumption, and foreign direct investment increase the CO2 emissions. Finally, the research results confirm that green finance is the best financial strategy to reduce carbon dioxide emissions. |
| format | Article |
| id | doaj-art-a791f50d11f34266aba74baff66c3bf4 |
| institution | Kabale University |
| issn | 2296-598X |
| language | English |
| publishDate | 2021-12-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Energy Research |
| spelling | doaj-art-a791f50d11f34266aba74baff66c3bf42025-08-20T04:00:10ZengFrontiers Media S.A.Frontiers in Energy Research2296-598X2021-12-01910.3389/fenrg.2021.786659786659RETRACTED: Nexus Between Green Finance, Energy Efficiency, and Carbon Emission: Covid-19 Implications From BRICS CountriesXiaoxia Wang0Jiaoya Huang1Ziman Xiang2Jialiang Huang3School of Management, Shanghai University, Shanghai, ChinaUniversity of Nottingham, Nottingham, United KingdomCentral Conservatory of Music, Xicheng, ChinaSchool of Management, Shanghai University, Shanghai, ChinaThe threats of climatic change on life, health, and the environment have been regarded by the joint consensus of scholars in the recent decades. With the advancement of global green development, green finance has paved the way for the government to respond to the challenges of climate change by providing mature financial services, appropriate financing, investment, and project funds related to environmental protection. In this context, green finance was proposed, and the relationship between green finance, renewable energy, and carbon emissions in the BRICS countries from 2000 to 2018 was further studied based on the quantile regression model. The presence of cross-sectional dependence in panel results is tested through CD and LM methods. The findings show the negative effect of green finance and non-fossil energy consumption on CO2 emissions. Furthermore, economic growth, trade openness, energy consumption, and foreign direct investment increase the CO2 emissions. Finally, the research results confirm that green finance is the best financial strategy to reduce carbon dioxide emissions.https://www.frontiersin.org/articles/10.3389/fenrg.2021.786659/fullgreen financequantile regressionCO2 emissionenergy efficiencynon-fossil energy consumption |
| spellingShingle | Xiaoxia Wang Jiaoya Huang Ziman Xiang Jialiang Huang RETRACTED: Nexus Between Green Finance, Energy Efficiency, and Carbon Emission: Covid-19 Implications From BRICS Countries Frontiers in Energy Research green finance quantile regression CO2 emission energy efficiency non-fossil energy consumption |
| title | RETRACTED: Nexus Between Green Finance, Energy Efficiency, and Carbon Emission: Covid-19 Implications From BRICS Countries |
| title_full | RETRACTED: Nexus Between Green Finance, Energy Efficiency, and Carbon Emission: Covid-19 Implications From BRICS Countries |
| title_fullStr | RETRACTED: Nexus Between Green Finance, Energy Efficiency, and Carbon Emission: Covid-19 Implications From BRICS Countries |
| title_full_unstemmed | RETRACTED: Nexus Between Green Finance, Energy Efficiency, and Carbon Emission: Covid-19 Implications From BRICS Countries |
| title_short | RETRACTED: Nexus Between Green Finance, Energy Efficiency, and Carbon Emission: Covid-19 Implications From BRICS Countries |
| title_sort | retracted nexus between green finance energy efficiency and carbon emission covid 19 implications from brics countries |
| topic | green finance quantile regression CO2 emission energy efficiency non-fossil energy consumption |
| url | https://www.frontiersin.org/articles/10.3389/fenrg.2021.786659/full |
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