Financial Inclusion and Carbon Emissions in ASEAN-6: Empirical Evidence from Panel Data
ASEAN-6における金融包摂と炭素排出：パネルデータによる実証分析 (AI 翻訳)
M. Aulia Rachman, Shanty Oktvilia, Dwi Rahmayani
🤖 gxceed AI 要約
日本語
本研究は、ASEAN-6諸国における金融包摂が炭素排出に与える影響を、2013～2019年のパネルデータを用いて分析。金融包摂指数の3側面（アクセス、利用可能性、ユーザビリティ）のうち、貸出の利用可能性が高いほど炭素排出が増加することを発見。GDPや貿易開放度も排出を増加させる一方、金利は抑制効果を持つ。政策含意として、グリーンタクソノミーやTCFD導入を通じた低炭素開発への資本配分を提案。
English
This study examines the effect of financial inclusion on carbon emissions in ASEAN-6 countries using panel data from 2013-2019. It finds that the usability aspect of financial inclusion (domestic credit) positively correlates with emissions, while GDP and trade openness also increase emissions, and interest rates reduce them. Policy implications include implementing green taxonomy, sustainability-based credits, and TCFD adoption to direct capital toward low-carbon development.
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
本論文は、ASEAN地域における金融包摂と排出の関連を実証し、グリーンタクソノミーやTCFDの導入を提言する点で、日本企業のASEAN進出・投融資判断に示唆を与える。日本のSSBJや有報における気候関連開示との連動も想定される。
In the global GX context
This paper provides empirical evidence linking financial inclusion to carbon emissions in emerging economies, supporting the global push for green taxonomy and climate risk disclosure (TCFD). It offers insights for international investors and policymakers seeking to align financial flows with low-carbon development in Southeast Asia.
👥 読者別の含意
🔬研究者:This paper offers empirical evidence on the financial inclusion-emissions nexus, useful for researchers studying climate finance in emerging markets.
🏢実務担当者:For corporate sustainability teams, the findings highlight the need to align lending practices with green taxonomy and TCFD to mitigate carbon risks.
🏛政策担当者:Policymakers can use the results to design integrated strategies combining financial inclusion with green finance instruments.
📄 Abstract（原文）
Objective: This empirical research examines the impact of financial industry performance, through inclusive financial indicators, on carbon emissions in ASEAN-6 countries. It will examine the impact of financial inclusion on environmental damage with GDP per capita, Trade Openness, Inflation, and Interest Rate as control variables. Design/Methods/Approach: The financial inclusion index variable is calculated based on accessibility, availability, and usability. The analysis tool used is the Panel Regression with random effect models approach in ASEAN-6 countries from 2013 to 2019. The dependent variable is carbon emissions, and the independent variables are the financial inclusion index (including the three aspects of accessibility, availability, and usability), GDP per capita, trade openness, inflation, and interest rates. The research variable data is taken from the World Development Index (WDI) sourced from the World Bank. Findings: The estimation results show that financial inclusion, especially in the distribution of loans (usability), has a positive impact on environmental degradation. The higher the use of domestic credit, the higher the amount of carbon emissions. GDP and Trade Openness variables also have a similar effect; however, interest rates have a negative impact. Originality/Value: This research contributes to understanding the impact of financial inclusion on carbon emissions in ASEAN countries. Unlike previous research, this study attempts to analyze the three aspects of the financial inclusion index (accessibility, availability, and usability) that influence vulnerability to carbon emissions. This allows for a deeper understanding of these components to be justified in the context of more specific literature. Practical/Policy implication: Carbon emission mitigation efforts in ASEAN need to implement an integrated strategy through a regional integration framework that includes the Green Taxonomy, Sustainability-Based Credits, lower green loan interest rates, green tariff incentives, and the adoption of Climate Risk Reporting (TCFD) to direct capital allocation toward low-carbon development.
🔗 Provenance — このレコードを発見したソース
- crossref https://doi.org/10.20473/jiet.v11i1.71264first seen 2026-06-23 06:11:43
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