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DOI	10.1016/j.enpol.2021.112524
	Does financial development influence renewable energy consumption to achieve carbon neutrality in the USA?
	Lahiani A.; Mefteh-Wali S.; Shahbaz M.; Vo X.V.
发表日期	2021
ISSN	0301-4215
卷号	158
英文摘要	In order to achieve the goal of carbon neutrality, as defined in the Paris climate agreement, the United States, the second-largest greenhouse gas emitter, must intensify its use of zero-carbon sources such as renewable energy. In this paper, we use the nonlinear autoregressive distributed lags (NARDL) model to investigate the influence of financial development on renewable energy consumption in the U.S. from 1975Q1 to 2019Q4. More precisely, three measures of financial development are considered: the overall financial development, bank-based financial development, and stock-based financial development indices. The model is augmented to control for the effects of real oil prices, real GDP, and trade openness. The empirical results show evidence of a long-run asymmetric effect of overall and stock-based financial development measures. Positive and negative changes in financial development measures dictate renewable energy consumption. In the short run, only negative changes of overall and stock-based financial development measures significantly impact renewable energy consumption. The latter impact is contemporaneously positive and negative at the one-lagged period. Renewable energy consumption does not react to a short-run change in bank-based financial development. Our empirical findings possess important policy implications. © 2021 Elsevier Ltd
英文关键词	Financial development; Renewable energy consumption; USA
语种	英语
scopus关键词	Carbon; Finance; Greenhouse gases; Public policy; Carbon neutralities; Carbon source; Climate agreement; Financial development; Greenhouses gas; Renewable energies; Renewable energy consumption; Short runs; USA; Zero carbons; Energy utilization; alternative energy; carbon budget; energy efficiency; energy policy; financial system; policy implementation; renewable resource; United States
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/256572
作者单位	University of Orléans, LEO, FRE, 2014 Rue de Blois, BP, Cedex 2, Orléans, Orléans 6739 45067, France; ESSCA School of Management, 1 Rue Lakanal, Angers, 49003, France; School of Management and Economics, Beijing Institute of Technology, Beijing, China; Institute of Business Research, University of Economics, Ho Chi Minh City, Viet Nam; Institute of Business Research and CFVG, University of Economics, Ho Chi Minh City, Viet Nam
推荐引用方式 GB/T 7714	Lahiani A.,Mefteh-Wali S.,Shahbaz M.,et al. Does financial development influence renewable energy consumption to achieve carbon neutrality in the USA?[J],2021,158.
APA	Lahiani A.,Mefteh-Wali S.,Shahbaz M.,&Vo X.V..(2021).Does financial development influence renewable energy consumption to achieve carbon neutrality in the USA?.Energy Policy,158.
MLA	Lahiani A.,et al."Does financial development influence renewable energy consumption to achieve carbon neutrality in the USA?".Energy Policy 158(2021).