Green Finance, Carbon Emissions, and Economic Growth: A PanelData Analysis of Developing Countries
グリーンファイナンス、炭素排出、経済成長：発展途上国のパネルデータ分析 (AI 翻訳)
Dr. Sunita Chaki
🤖 gxceed AI 要約
日本語
本研究は2010～2023年の途上国パネルデータを用い、グリーンファイナンス（グリーンボンド、再エネ融資など）が炭素排出削減と経済成長に及ぼす効果を計量分析。固定効果・ARDL・FMOLS等の手法により、グリーンファイナンスがCO2排出を減らしつつ成長を促進することを確認。一方、貿易自由化や都市化は規制なしでは排出増加につながる。
English
Using panel data of developing countries from 2010-2023, this study applies econometric methods (fixed effects, ARDL, FMOLS) to examine the impact of green finance (green bonds, renewable energy credit) on carbon emissions and economic growth. Findings show green finance reduces CO2 emissions while promoting GDP growth. Trade liberalization and urbanization increase emissions without strong environmental regulation.
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
途上国向けグリーンファイナンスの有効性を示す本結果は、日本のODAや海外投融資のグリーン化、また日本の金融機関が途上国で実施するグリーンボンド・ブレンドファイナンスの効果検証に示唆を与える。
In the global GX context
This empirical evidence from developing countries aligns with global efforts to scale green finance under frameworks like ISSB and TCFD. It underscores the need for complementary environmental regulation to maximize the impact of green financial instruments.
👥 読者別の含意
🔬研究者:Provides robust panel data evidence on the green finance-emissions-growth nexus in developing countries, useful for further meta-analyses or policy simulations.
🏢実務担当者:Highlights the dual benefit of green bonds and renewable energy investments for corporate sustainability and compliance with emerging disclosure standards in emerging markets.
🏛政策担当者:Confirms that green finance reduces emissions without harming growth, but warns that trade and FDI liberalisation require strong environmental safeguards.
📄 Abstract（原文）
Green finance has emerged as a strategic policy instrument in the quest to reconcile economic development with environmental sustainability, especially in developing countries, where the impact of increasing carbon emissions is felt amidst the backdrop of industrialization, urbanization and growing energy needs. This study applies yearly panel data of selected developing countries for the period 2010-2023 to investigate the relationship of interdependence between green financing and carbon emissions with economic development. This study applies different panel econometric techniques such as descriptive statistics, correlation analysis, pooled ordinary least square (POLS), fixed and random effects models, Hausman specification testing, panel autoregressive distributed lag (ARDL)/PMG estimation and robustness check with FMOLS/DOLS. Carbon emissions are measured by CO₂ emissions, economic development is measured by GDP growth or real GDP per capita while green finance is measured by issuing of green bonds, issuance of green credit (investment in renewable energy), or a composite measure (e.g., index of subsidies to fossil fuels, investments in renewable energy). Empirical results show that on a large scale, green finance policy can reduce carbon emissions and promote economic development. The use of clean energy reduces emissions and reduces the statistical elasticity of the growth of GDP to CO2 emission. But trade liberalization, foreign direct investment, urbanization and energy use may all contribute to increased emissions in the absence of strong environmental regulation. The research shows that sustainable development can be achieved by developing green financial markets, mobilizing renewable energy investment and improving environmental governance in developing countries.
🔗 Provenance — このレコードを発見したソース
- crossref https://doi.org/10.46647/ijetms.2026.v10i03.046first seen 2026-06-16 05:38:46
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gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。