气候变化领域集成服务门户(CCPortal): Natural resources extraction and green finance: Dutch disease and COP27 targets for OECD countries

CCPortal

DOI	10.1016/j.resourpol.2023.103404
	Natural resources extraction and green finance: Dutch disease and COP27 targets for OECD countries
	Gu, Xiao; Alamri, Ahmad Mohammed; Ahmad, Maaz; Alsagr, Naif; Zhong, Xiangming; Wu, Tong
发表日期	2023
ISSN	0301-4207
EISSN	1873-7641
卷号	81
英文摘要	The temperature goal of the Paris Agreement is to keep the world temperature within 1.5 degrees C between 2020 and 2025 by reducing emissions. However, emissions continuously rose at the end of 2021. Therefore, it is an urgent need for a conference of COP27 to accelerate the action against climate change and put special attention to green finance. Hence, this study aims to examine the impacts of natural resource extraction, the composite risk index, international trade, and the stringency of environmental policy on green finance in OECD economies from 2004 to 2020 in light of Dutch Diseases and to achieve COP27 targets for OECD economies. Additionally, to analyze the above-mentioned objective, this study uses the cross-sectional dependence, panel cross-section Heteroscedasticity LR test, five different unit root tests (LLC, Breitung t-test, lm-Pesaran, ADP, and PP), Kao Residual and Johansen Fisher panel co-integration test. Finally, the results of MM-QR elucidate that natural resource extraction, trade openness, and composite risk index negatively affected green finance. At the same time, GDP per unit of energy consumption and environmental stringency policies increase green financing in OECD economics. Frequently, more natural resource extraction could lead to Dutch Disease because of appreciation of that country's exchange rate, which might decrease a country's export. Furthermore, this study suggests that government should raise the fund for green financing because green financing will not only help to reduce the natural resource extraction in a country but will also help to decrease the effect of Dutch Disease. Check and balance on natural resources extraction is crucial to bring stability.
英文关键词	Green finance; Natural resource extraction; COP-27 target; Dutch diseases; MM-QR analysis; OECD economies
语种	英语
WOS研究方向	Environmental Studies
WOS类目	Social Science Citation Index (SSCI)
WOS记录号	WOS:000949779800001
来源期刊	RESOURCES POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/281527
作者单位	Communication University of Zhejiang; King Saud University; Tashkent State University of Economics; National University of Uzbekistan; Imam Mohammad Ibn Saud Islamic University (IMSIU); Communication University of Zhejiang
推荐引用方式 GB/T 7714	Gu, Xiao,Alamri, Ahmad Mohammed,Ahmad, Maaz,et al. Natural resources extraction and green finance: Dutch disease and COP27 targets for OECD countries[J],2023,81.
APA	Gu, Xiao,Alamri, Ahmad Mohammed,Ahmad, Maaz,Alsagr, Naif,Zhong, Xiangming,&Wu, Tong.(2023).Natural resources extraction and green finance: Dutch disease and COP27 targets for OECD countries.RESOURCES POLICY,81.
MLA	Gu, Xiao,et al."Natural resources extraction and green finance: Dutch disease and COP27 targets for OECD countries".RESOURCES POLICY 81(2023).