Moderating Effect of Financial Development on the Relationship between Renewable Energy and Carbon Emissions

被引：7
|
作者：
Chiu, Yi-Bin [1 ]
Zhang, Wenwen [2 ]
机构：
[1] Southwestern Univ Finance & Econ, Inst Western China Econ Res, Chengdu 611130, Peoples R China
[2] Xihua Univ, Sch Management, Chengdu 610039, Peoples R China
来源：
ENERGIES | 2023年 / 16卷 / 03期
关键词：
CO2; emissions; renewable energy; financial development; nonlinearity; ENVIRONMENTAL KUZNETS CURVE; FOREIGN DIRECT-INVESTMENT; MITIGATE CO2 EMISSIONS; STOCK-MARKET GROWTH; ECONOMIC-GROWTH; NONRENEWABLE ENERGY; CONSUMPTION; PANEL; IMPACT; INCOME;
D O I：
10.3390/en16031467
中图分类号：
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号：
0807 ; 0820 ;
摘要：
This study investigates the moderating effect of financial development on the renewable energy-CO2 emissions nexus in OECD countries. We find that both composite financial development and banking sector development have an inverted U-shaped impact on CO2 emissions, while stock market development has a U-shaped impact on CO2 emissions. Further, an increase in renewable energy will reduce CO2 emissions, and this reducing impact is affected by different levels of financial development. When promoting financial development, policymakers should pay more attention to its role in enhancing renewable energy, which is related to emissions reduction.
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页数：18
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