Does foreign finance promote the production and consumption of renewable energy in developing countries? The role of globalization
外国資金は発展途上国の再生可能エネルギーの生産と消費を促進するか？グローバル化の役割 (AI 翻訳)
Ebaidalla M. Ebaidalla
🤖 gxceed AI 要約
日本語
本研究は、1996年から2020年までの88の発展途上国を対象に、外国資金（援助、送金、直接投資）が再生可能エネルギーの生産と消費に与える影響を分析。グローバル化がこれらの関係を強化または弱化するかを検証した。結果、援助と送金は生産・消費の両方を促進するが、直接投資は生産のみに効果があること、グローバル化がこれらの効果を調整することを示した。
English
This study examines the impact of foreign finance (aid, remittances, FDI) on renewable energy (RE) production and consumption in 88 developing countries from 1996 to 2020, and whether globalization moderates these effects. Results show that aid and remittances positively affect both RE production and consumption, while FDI only boosts production. Globalization strengthens the positive effects of aid and FDI on production and mitigates negative effects of remittances on production while enhancing their positive effect on consumption.
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
日本のGX政策では、アジアなどの発展途上国への資金支援や技術協力が重要視されている。本論文は、外国資金の種類ごとに再生可能エネルギーへの効果が異なることを示し、日本のODAや民間投資の効果的な配分に示唆を与える。グローバル化の調整効果は、国際協力の枠組み設計に有用。
In the global GX context
This paper contributes to the global discourse on climate finance and energy transition by providing empirical evidence on how different types of foreign finance affect renewable energy outcomes in developing countries. The finding that globalization moderates these effects highlights the importance of international cooperation and trade openness in enhancing the effectiveness of climate finance. Relevant for policymakers designing blended finance mechanisms and for investors assessing the impact of cross-border capital flows.
👥 読者別の含意
🔬研究者:Provides panel data evidence on the heterogeneous effects of foreign aid, remittances, and FDI on renewable energy, with globalization as a moderator.
🏢実務担当者:Offers insights for corporate sustainability teams in developing countries on how different foreign finance sources can support renewable energy projects.
🏛政策担当者:Highlights the need to consider globalization levels when designing foreign aid and investment policies to promote renewable energy.
📄 Abstract（原文）
Given the increasing global interest in the transition to green energy sources in developing countries that have financial constraints, this study examines the influence of foreign finance on the production and consumption of renewable energy (RE). The study also explores whether globalization reinforces or weakens the impact of foreign finance on both production and consumption of RE using a sample of 88 developing countries between 1996 and 2020. The study uses advanced panel data methods including Driscoll-Kraay robust standard errors, a method of moments quantile regression (MMQR), and a generalized method of moments (GMM). The results indicate that foreign finance variables have varying effects on both the production and consumption of RE. Specifically, foreign aid and migrant remittances have a positive and significant influence on both the production and consumption of RE across various model specifications and quantiles. However, although foreign direct investment (FDI) has a positive impact on production of RE, it has no significant effect on consumption of it. Moreover, the results indicate that globalization strengthens the role of foreign aid and FDI in the production of RE. Furthermore, globalization mitigates the negative impact of remittances on production of RE, but enhances their positive effect on consumption of it. The findings highlight the crucial role of globalization in fostering the nexus between foreign finance and renewable energy in developing countries, emphasizing the role of international cooperation in promoting the transition to sustainable energy.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.1016/j.bir.2025.04.001first seen 2026-05-05 19:07:21
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