Environmental Sustainability and Climate Finance: Revisiting Ecological Modernization Theory in Context of Asian Economies
アジア経済における環境持続可能性と気候変動金融：生態学的近代化理論の再検討 (AI 翻訳)
Richa Sharma, Kakali Majumdar
🤖 gxceed AI 要約
日本語
本論文は、アジア19カ国のパネルデータ（2010-2021年）を用いて、気候変動金融が環境持続可能性に与える効果と、再生可能エネルギー消費の媒介効果を分析した。動的GMM推定の結果、適応・緩和金融は直接的に、また再生可能エネルギーを通じて間接的に生態学的フットプリントを削減することが示された。環境クズネッツ曲線（逆U字）も確認され、初期の成長は環境問題を悪化させるが、金融投資と技術革新が持続可能な成長をもたらすことが明らかになった。
English
This paper analyzes the effect of climate finance on environmental sustainability and the mediating role of renewable energy consumption using panel data from 19 Asian countries (2010-2021). Dynamic GMM results show that adaptation and mitigation finance directly reduce ecological footprint and indirectly through renewable energy. An inverted U-shaped EKC confirms that initial growth increases environmental problems, but financial investments and technological innovation lead to sustainable growth, aligning with Ecological Modernization Theory.
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
本論文はアジア全体を対象としており、日本も含まれるため、気候変動金融の効果的な配分に関する示唆を提供する。特に、再生可能エネルギーが媒介効果を持つことは、日本のエネルギー転換政策との関連性が高い。ただし、日本の個別制度（SSBJ等）への直接的な言及はない。
In the global GX context
This paper provides cross-country evidence on the effectiveness of climate finance and renewable energy as a mediator in Asia, contributing to global discussions on climate finance allocation and sustainable development policy. The findings support Ecological Modernization Theory and offer insights for international climate finance mechanisms.
👥 読者別の含意
🔬研究者:Methodological contribution using dynamic GMM and panel data to test EKC and EMT simultaneously in the Asian context.
🏢実務担当者:Demonstrates that renewable energy mediates climate finance benefits, useful for corporate sustainability strategies and investment decisions.
🏛政策担当者:Highlights the importance of efficiently distributing climate finance and promoting renewable energy to achieve sustainable development goals.
📄 Abstract（原文）
ABSTRACT Climate finance acts as an institutional enabler that directly promotes environmental sustainability. This nexus may get amplified with the adoption of eco‐friendly modern technologies. The present research aims to study the efficacy of climate finance towards environmental sustainability and to investigate the mediating role of renewable energy consumption in the functioning of climate finance in the Asian context. With the theoretical background of Environmental Kuznets Curve (EKC), the mediation model approach is employed. The use of a modernizing tool along with the growth and environmental factors allows the present research to revisit Ecological Modernization Theory (EMT). Panel data of 19 Asian countries from 2010 to 2021 are considered. Dynamic Generalized Method of Moments is used as the primary model followed by Fully Modified Ordinary Least Squares as a robustness check. The results revealed that both adaptation and mitigation finance directly and indirectly reduce ecological footprint by augmenting emission reduction sources. Renewable energy, being a modernizing tool, acts as a significant mediator to channelize the role of climate finance targeting sustainable development goals. The study confirmed an inverted U‐shaped EKC reflecting that initial growth increases environmental problems, but over time, financial investments, technological innovations, etc., lead to sustainable growth, collectively aligning with EMT. The novelty of this study lies in the simultaneous applicability of EKC and EMT that ensures the co‐existence of modernization and sustainable economic growth. The research offers valuable insights in executing environmental policies focusing on the efficient distribution of climate finance. This kind of pioneering work for Asian economies is a significant value addition in the existing literature.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1002/sd.71089first seen 2026-05-05 19:16:00
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