气候变化领域集成服务门户(CCPortal): Can enhancing financial inclusivity lower climate risks by inhibiting carbon emissions? Contextual evidence from emerging economies

CCPortal

DOI	10.1016/j.ribaf.2023.101902
	Can enhancing financial inclusivity lower climate risks by inhibiting carbon emissions? Contextual evidence from emerging economies
	Murshed, Muntasir; Ahmed, Rizwan; Khudoykulov, Khurshid; Kumpamool, Chamaiporn; Alrwashdeh, Nusiebeh Nahar Falah; Mahmood, Haider
发表日期	2023
ISSN	0275-5319
EISSN	1878-3384
卷号	65
英文摘要	Climate change is regarded as a global concern whereby lowering climate risks, especially by curbing greenhouse gas emissions, has become a critically important policy agenda worldwide. Hence, this study assesses whether financial inclusion, alongside energy efficiency improvement, renewable energy use, economic growth, international trade, and urbanization, can mitigate carbon dioxide emissions in 22 emerging economies. Considering the period of analysis from 2008 to 2018 and utilizing econometric methods robust to handling cross-sectionally-dependent, heterogeneous, and endogenous panel data, the findings reveal that financial inclusion is directly associated with higher discharges of carbon dioxide. Contrarily, energy efficiency improvement and higher share of renewable energy in the aggregate energy consumption level inhibit carbon dioxide emissions. Moreover, energy efficiency gains moderate the financial inclusion-emissions nexus by jointly reducing carbon emissions with greater financial inclusivity. Finally, the results indicate that economic growth, international trade, and urbanization trigger climate risks by boosting the emission figures. In light of these findings, several carbon dioxide-mitigating policies are recommended for neutralizing climate risks in emerging countries of concern.
英文关键词	Carbon dioxide emissions; Climate risks; Emerging economies; Energy use efficiency; Financial inclusivity; Renewable energy
语种	英语
WOS研究方向	Business, Finance
WOS类目	Social Science Citation Index (SSCI)
WOS记录号	WOS:000962187300001
来源期刊	RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/281180
作者单位	North South University (NSU); Daffodil International University; University of Kent; National University of Uzbekistan; Tashkent State University of Economics; Khon Kaen University; Prince Sattam Bin Abdulaziz University
推荐引用方式 GB/T 7714	Murshed, Muntasir,Ahmed, Rizwan,Khudoykulov, Khurshid,et al. Can enhancing financial inclusivity lower climate risks by inhibiting carbon emissions? Contextual evidence from emerging economies[J],2023,65.
APA	Murshed, Muntasir,Ahmed, Rizwan,Khudoykulov, Khurshid,Kumpamool, Chamaiporn,Alrwashdeh, Nusiebeh Nahar Falah,&Mahmood, Haider.(2023).Can enhancing financial inclusivity lower climate risks by inhibiting carbon emissions? Contextual evidence from emerging economies.RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE,65.
MLA	Murshed, Muntasir,et al."Can enhancing financial inclusivity lower climate risks by inhibiting carbon emissions? Contextual evidence from emerging economies".RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE 65(2023).