How are green finance, carbon emissions, and energy resources related in Asian sub-regions?

In this research, by employing the STIRPAT (Stochastic Impacts by Regression on Population, Affluence, and Technology) framework, for the case studies of five Asian regions and data from 2010 to 2021, the impacts of green finance and renewable resource deployment on CO2 emissions are evaluated. The results confirmed that the effect of green financial development and expansion of renewable energies on carbon dioxide emissions does not have the same pattern in Asia. In Central and South Asia, the development of green finance, patents, and the expansion of renewable energies do not significantly affect carbon dioxide emissions. In contrast, in East Asia, green financial development, exploitation of renewable energies, and patents will reduce carbon dioxide emissions in the short and long term. Accelerating the operationalization of ongoing green projects, promoting FinTech green financing tools, increasing green facilities, implementing tax exemptions, and supporting green research and development are suggested as effective practical policies. •There is not any relationship between green finance and CO2 emissions in Central Asia.•In South Asia, renewable resource does not affect CO2 emissions.•Green finance is an efficient tool for CO2 emissions reduction in East Asia.