Role of green finance in sustainable energy transition and economic growth in MENA region
MENA地域におけるグリーンファイナンスの持続可能なエネルギー転換と経済成長への役割 (AI 翻訳)
Nesrine Gafsi, Leila LOUHICHI
🤖 gxceed AI 要約
日本語
本研究は、MENA新興国におけるグリーンファイナンス、持続可能なエネルギー転換、経済発展の相互関係をARDLモデルで分析。2010～2023年のパネルデータを用い、グリーンファイナンスと再生可能エネルギー消費がGDPに正の影響を与えることを確認。グリーンファイナンスからエネルギー転換への一方向の因果関係も示され、低炭素エネルギーインフラへの資金供給の重要性を強調。政策提言として、グリーンボンドやESG投資の拡大、規制改革を挙げている。
English
This study examines the inter-dynamics between green finance, sustainable energy transition, and economic development in MENA emerging economies using ARDL bounds testing on panel data from 2010-2023. Results confirm long-run cointegration, with green finance and renewable energy consumption positively impacting GDP. Granger causality shows bidirectional causality between green finance and economic development, and unidirectional causality from green finance to energy transition. Policy recommendations include scaling green bonds, ESG investments, and regulatory reforms to mobilize blended finance for clean energy projects.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではグリーンファイナンスの拡大がGX推進の鍵とされるが、本論文は新興国MENA地域の実証分析を提供。日本の政策立案者にとって、グリーンボンドやESG投資の効果を定量的に示す点で参考になる。ただし、日本固有の制度（SSBJや有報）との直接的な関連は薄い。
In the global GX context
This paper contributes to the growing literature on green macro-financial linkages, offering empirical evidence from the MENA region. For global GX context, it reinforces the role of green finance in enabling energy transitions, aligning with ISSB and transition finance frameworks. The policy suggestions on blended finance and regulatory overhaul are relevant for emerging economies, though the MENA focus limits direct applicability to developed markets.
👥 読者別の含意
🔬研究者:Provides empirical evidence on green finance-energy-growth nexus using ARDL and Granger causality, contributing to macro-financial literature.
🏢実務担当者:Highlights the importance of green bonds and ESG investments for financing energy transition, useful for corporate sustainability teams in emerging markets.
🏛政策担当者:Offers policy recommendations on scaling green financial products and regulatory reforms to support sustainable energy transition.
📄 Abstract（原文）
This study examines the inter-dynamics between green finance, sustainable energy change, and economic development in the emerging MENA economies. Applying the Autoregressive Distributed Lag (ARDL) bounds test approach, it estimates panel data of chosen countries over the period 2010-2023 to analyze short- and long-term effects. Empirical results confirm a long-term cointegration relationship among the variables, and green finance and renewable energy consumption are positively and statistically significantly related to GDP. Granger causality tests also support bidirectional causality between green finance and economic development, and unidirectional causality from green finance to sustainable energy transition. The results confirm the instrumental role of green finance in underpinning low-carbon energy infrastructure and long-term economic development. The report concludes by mentioning policy measures needed to scale up green financial products in the region, including green bonds, ESG investments, and regulation overhaul. Implications include converging fiscal and energy policies to mobilize blended finance for clean energy projects, enhancing investor trust, and supporting sustainable development. This paper contributes to the emerging green macro-financial linkages literature and offers policy suggestions for MENA policymakers interested in balancing economic development and environmental protection.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.55214/25768484.v9i6.8216first seen 2026-05-05 19:06:50
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