Journal Articles
Permanent URI for this collectionhttp://10.0.100.92:4000/handle/123456789/21
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Item How do economies decarbonize growth under finance-energy inequality? Global evidence(Energy Economics, 2025-02) Tiwari, Aviral Kumar; Trinh, Hai Hong; Hong Vo, Diem Thi; Sharma, Gagan DeepThe study investigates the multidecade complexity between economic growth and carbon emissions across income groups and regions for 180 economies over the past decades. We find that the global economy has been decarbonizing its economic growth. The effects of growth on decarbonization are conditional on outcome distributions. The Paris Agreement (COP21) and renewable energy consumption (REC) are robust mechanisms toward green growth. Financial development (FD) presents its moderation to decarbonized growth. The study makes the following novel contributions to prior literature streams. First, complex GDP-CO2 nexuses are conditional on green factors and decarbonization is foremost for our global inclusive growth. Second, the friendliness of FD to the environment relies on green transition. It is worth noting that financial institutions and markets are exposed to climate risk drivers leading to our great challenge to promote green finance. Decarbonization is our global and constant efforts toward inclusive growth. Under finance-energy inequality, renewable energy capacity and finance are critical to decarbonized economic growth.Item Does financial development support renewable energy consumption: Evidence from the UK(Renewable Energy, 2025-04-15) Demirtas, Cuma; Tiwari, Aviral Kumar; Soyu Yıldırım, EsraThis study explores the effects of financial development on the use of renewable energy (RE) in the United Kingdom (UK) between 1980 and 2020, by taking control variables such as urbanization and economic growth into account. For this purpose, wavelet transforms and the fresh Fourier quantile causality test are employed. Our empirical findings demonstrate that both immediately and over time, the use of renewable energy (REC) is stimulated by financial development. Additionally, financial institutions' efficiency and market depth play a significant role in encouraging the REC. In line with the study's general conclusions, it is suggested that the UK should implement policies that increase the spread and effectiveness of financial institutions and financial markets in order to support environmental quality. By using novel approaches, the study investigates the effects of six sub-indicators, namely the effectiveness, depth, and accessibility of financial markets and institutions on the REC.