Green Finance to promote sustainable development in the BRICS: Re-examining the Growth-Sustainability Connection using Quintile Regression
BRICSにおける持続可能な開発を促進するグリーンファイナンス：分位回帰を用いた成長と持続可能性の関係の再検討 (AI 翻訳)
Wei zhang
🤖 gxceed AI 要約
日本語
本研究は、BRICS諸国におけるグリーンファイナンスと環境持続可能性の関係を、25年間のパネルデータとMMQR法を用いて分析。結果、グリーンファイナンスと環境に優しい経済発展がCO2排出削減に寄与し、グリーン経済成長がグリーンファイナンスの効果を増幅することを示した。政策提言として、銀行や金融機関のグリーン投資への参加拡大を推奨。
English
This study examines the relationship between green finance and environmental sustainability in BRICS countries using 25 years of panel data and the MMQR method. Findings show that green finance and environmentally friendly economic development significantly reduce CO2 emissions, with green economic growth positively moderating the effect. The paper recommends expanding bank participation in green investment programs.
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市場の拡大やトランジション・ファイナンスの推進が課題。本研究成果は、新興国におけるグリーンファイナンスの効果を示すエビデンスとして、日本の政策立案や国際協力に示唆を与える。
In the global GX context
Globally, this study contributes to the literature on green finance and sustainable development, offering empirical evidence from BRICS economies. It aligns with international efforts to align financial flows with low-carbon transition, supporting policy frameworks like the Paris Agreement and sustainable finance taxonomies.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the green finance-growth-sustainability nexus in emerging economies, useful for comparative studies.
🏢実務担当者:Highlights the role of financial institutions in green investment, informing corporate sustainability strategies.
🏛政策担当者:Offers policy recommendations for expanding green finance to achieve environmental targets in emerging markets.
📄 Abstract（原文）
This study aims to explore the relationship between sustainable finance and environmental sustainability. Specifically, the study will focus on the importance of green finance in accelerating green economic growth in the BRICS countries. The research employs a balanced panel dataset spanning 25 years and employs the Method of MMQR approach to provide robust and accurate estimates across various distributional levels. The empirical results of the study reveal that both sustainable finance and environmentally friendly economic development contribute significantly to environmental sustainability. The contribution is expressed in the decline of carbon dioxide releases and the mitigation of issues associated with climate change in the economies of the BRICS countries. The results also show that green finance stimulates green economic growth, whereas green economic development positively moderates the effect of green finance on environmental sustainability. The results of the present investigations underscore the complementarity between ecologically conscious monetary expansion and environmentally sustainable financial systems. The paper advises that BRICS countries should expand the participation of banks and other monetary organizations in backing green investment programmes. This advice relies on the evidence that’s been supplied. The growth of sustainable financial instruments and the promotion of the development of ecologically focused economic policies are crucial to address climate concerns, accelerate the transition to low-carbon development, and achieve long-term sustainability goals.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.2139/ssrn.6993207first seen 2026-08-04 04:39:42
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