Abstract:
The development of clean energy and financial sectors have been highlighted as critical factors in tackling climate change and achieving net zero emissions goals. Hence, using a dataset for the top 20 emitter countries from 1990 to 2019, this study examines whether clean energy consumption, financial development, human capital, population, and economic growth are connected with environmental quality through a reduction in carbon emissions. The long-run estimates show that renewable energy utilization, financial development, and human capital are significant in reducing CO2 emissions in the quest for net zero emissions. Contrarily, economic growth and population have a increases CO2 emissions. The results of the causality test show a two-way causality between renewable energy use, financial development, economic growth, population, and CO2 emissions. Moreover, one incidence of unidirectional causality is observed from CO2 emissions to human capital. Based on the findings, policy implications are suggested.
摘要:
清洁能源和金融部门的发展被强调为应对气候变化和实现净零排放目标的关键因素。因此,使用1990年至2019年前20个排放国的数据集,这项研究检查了清洁能源消费,金融发展,人力资本,人口,通过减少碳排放,经济增长与环境质量有关。长期估计表明,可再生能源的利用,金融发展,和人力资本在寻求净零排放的过程中对减少二氧化碳排放具有重要意义。相反,经济增长和人口增加二氧化碳排放量。因果关系检验的结果表明,可再生能源使用之间存在双向因果关系,金融发展,经济增长,人口,和二氧化碳排放。此外,观察到从二氧化碳排放到人力资本的单向因果关系的发生率。根据调查结果,提出了政策含义。