Financing clean energy projects through domestic and foreign capital: The role of political cooperation among the EU, the G20 and OECD countries
By S. Paramati, N. Apergis, Mallesh Ummalla. 2017
197 citations recorded by the source corpus.
There is a growing concern among both individuals and policy makers in relevance to increasing CO2 emissions across the world. As a result, international organizations have started to pressurize economies to minimize their carbon emissions by increasing the share of clean energy consumption in total energy use. Hence, the goal of this paper is to empirically explore to what extent both domestic (stock market) and foreign (FDI inflows) capital affect clean energy uses across the EU, the G20, and OECD, spanning the period 1993–2012. The results of long-run elasticities document that both FDI and stock market developments play a significant role in promoting clean energy uses across all three-country groups. The results also suggest that clean energy consumption has a considerable positive and negative effect on economic output and CO2 emissions, respectively, while the political globalization has a substantial negative impact on carbon emissions across the EU, the G20 and OECD economies.
Subfields: Economics and Econometrics, Environmental Engineering
View Paper: https://www.semanticscholar.org/paper/b28db4c05355f81b6e4893246f5c18eadd91a3eb
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In Economics and Econometrics
- Sang Hoon Kang
- Adriana Milicevic
- Gazi Salah Uddin
- Luciano Lopez
- Sylvain Weber
- Am Lundgren
- Duc Khuong Nguyen
- Mohamed Arouri
In Environmental Engineering
Citations in the corpus
- Testing for Granger Causality in Panel Data (2017, background): “We found several such papers (e.g., Paramati et al., 2016, 2017; Salahuddin et al., 2016).”
- Connectedness network and dependence structure mechanism in green investments (2018, background): “Focusing on the three country groups (the EU, the G20, and the OECD), Paramati et al. (2017) investigate whether stock markets and foreign capital inflows affect clean energy consumption.”