Impact of Sustainable Financial and Economic Development on Greenhouse Gas Emission in the Developed and Converging Economies
Several studies have examined the relationship between environmental performance and economic development. However, most of them did not take sustainable development and financial development into account. The study argues that sustainable financial and economic development contributes to reducing g...
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| Veröffentlicht in: | Energies (Basel) 2019-11, Vol.12 (23), p.4514 |
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| creator | Ziolo, Magdalena Kluza, Krzysztof Spoz, Anna |
| description | Several studies have examined the relationship between environmental performance and economic development. However, most of them did not take sustainable development and financial development into account. The study argues that sustainable financial and economic development contributes to reducing greenhouse gas emissions. We use the panel data regression model to capture the relationship between greenhouse gas emission and sustainable economic and financial development. The panel data refers to the period of 2007–2017. The EU 25 countries were analysed. The results show that the relationship between sustainable financial development and environmental degradation is more relevant for converging economies than developed countries. We found that the variable “energy productivity” has the strongest impact on greenhouse gas emissions for both country groups (converging and developed); however, it increases for developed countries and it decreases the greenhouse gas emissions for converging economies. We also found that environmental taxes are an efficient instrument that mitigates greenhouse gas emissions, especially in developed countries group. |
| doi_str_mv | 10.3390/en12234514 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 1996-1073 |
| ispartof | Energies (Basel), 2019-11, Vol.12 (23), p.4514 |
| issn | 1996-1073 1996-1073 |
| language | eng |
| recordid | cdi_proquest_journals_2335344272 |
| source | MDPI - Multidisciplinary Digital Publishing Institute; Free E-Journal (出版社公開部分のみ）; DOAJ Directory of Open Access Journals |
| subjects | Carbon dioxide Economic development Economic growth Economic models Economics Emissions Energy consumption Environmental quality Environmental tax Greenhouse effect Greenhouse gases Impact analysis Sustainability Sustainable development |
| title | Impact of Sustainable Financial and Economic Development on Greenhouse Gas Emission in the Developed and Converging Economies |
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