The Introduction of Green Finance: A Curse or a Benefit to Environmental Sustainability?

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Abstract

In this study, we examine the role of green finance in achieving a sustainable environment for 11 of the top countries in terms of investment in environmental protection from 2006 to 2017. By applying panel-corrected standard errors and the feasible generalized least squares model, we find that green finance is associated with an improvement in environmental sustainability. However, energy consumption and urbanization have an adverse effect on environmental sustainability.

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Journal

Title: Energy RESEARCH LETTERS

Publisher: Asia-Pacific Applied Economics Association

ISSN (Electronic): 2652-6433

ISSN (Print): 2652-6514

Publication date Created: 2022

Publication date (Electronic): January 3 2022

Volume: 3

Issue: Early View

Affiliations

[1 ]School of Management and Economics, Beijing Institute of Technology, Beijing 100081, China; Alma Mater Europaea ECM Maribor, Slovenia

[2 ]Beijing Institute of Technology, Beijing 100081, China

Article

DOI: 10.46557/001c.29977

SO-VID: 6df63b3c-627a-483a-bdb6-7d9a479b5280

License:

https://creativecommons.org/licenses/by-sa/4.0

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