The Impact of Green Finance, Energy and Sustainable Development Policies in BRICS Indonesia: A Robust Panel Data Econometric Modeling
BRICSインドネシアにおけるグリーンファイナンス、エネルギー、持続可能な開発政策の影響：ロバストなパネルデータ計量経済モデリング (AI 翻訳)
Sanusi Fattah, Hamrullah Hamrullah, Sri Undai Nurbayani, Retno Fitrianti, Mohammad Amil Yusuf
🤖 gxceed AI 要約
日本語
本研究は、BRICS諸国とインドネシアを対象に、1990年から2023年までのパネルデータを用いて、グリーンファイナンス、持続可能な開発、環境政策の関係を分析しました。クリーンエネルギー融資は一貫してグリーン金融発展を促進する一方、環境税はグリーン市場の成熟度に応じて異なる影響を与えることを明らかにしました。非線形かつ分位点特有のパターンが確認され、政策のカスタマイズの必要性を示しています。
English
This study analyzes the relationship between green finance, sustainable development, and eco-friendly policies in BRICS countries and Indonesia from 1990 to 2023 using panel data methods. Clean energy financing consistently drives green financial development, while environmental taxes have mixed effects depending on the stage of green market development. Non-linear, quantile-specific patterns reveal that strategies should be tailored to individual country contexts.
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
日本はGX推進に当たり、グリーンファイナンスの拡大と政策設計が重要です。本論文は、BRICS・インドネシアの事例から、市場成熟度に応じた政策の差別化の重要性を示しており、日本のGX政策やSSBJ開示の文脈でも参考になります。
In the global GX context
This paper contributes to the global discussion on green finance and policy design by highlighting the non-linear effects of environmental taxation across different levels of green market development. For policymakers and researchers in the TCFD/ISSB era, it underscores that one-size-fits-all approaches may be ineffective and that policy instruments should be calibrated to a country's financial and environmental maturity.
👥 読者別の含意
🔬研究者:Provides empirical evidence on non-linear effects of green finance policies across different market stages, useful for further model development.
🏢実務担当者:Offers insights on tailoring green finance strategies and product offerings based on the maturity of green markets in different countries.
🏛政策担当者:Highlights the need for differentiated policy instruments (e.g., environmental taxes, clean energy subsidies) aligned with a country's stage of green market development.
📄 Abstract（原文）
Environmental change is reshaping the global economy. This study examines the relationship between green finance, sustainable development, and eco-friendly policies in BRICS countries and Indonesia from 1990 to 2023. We use panel data methods, including Driscoll-Kraay standard errors, FMOLS, DOLS, and Method of Moments Quantile Regression (MMQR), to assess the impacts of clean energy financing, environmental taxes, and renewable energy use on the Green finance index (GFI). Clean energy financing consistently drives green financial development across all models. Environmental taxation has mixed effects: It limits growth in less developed green markets (lower GFI quantiles), but its impact is less pronounced in more advanced markets. This study uniquely reveals non-linear, quantile-specific patterns, showing that the connection between finance, policy, and sustainability depends on a country’s stage of green market development. These results suggest that strategies should be tailored to individual needs. Focus on direct investment, and adjust fiscal tools based on market readiness to support a sustainable financial transition.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.32479/ijeep.21610first seen 2026-05-14 21:23:01
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