Title: The influence of green finance in renewable energy investments on climate change alleviation

Authors: Kim Angelina; Feng He

Addresses: School of Economics and Management, University of Science and Technology Beijing, 30 Xueyuan Road, Haidian District, Beijing, 100083, China ' School of Economics and Management, University of Science and Technology Beijing, 30 Xueyuan Road, Haidian District, Beijing, 100083, China

Abstract: To meet their climate policy goals, nations must lower the amount of carbon in their energy areas. This needs a lot of money to be spent on low-carbon energy infrastructure, but there is not enough money available. We used a quantile regression framework to estimate the effect of green finance (GF) on environmental protection in this study. The data came from the Kazakhstan economy from 2013 to 2023. The findings from the panel quantile regression show that GF, investments in renewable energy (RE), and new technologies all lower carbon-dioxide emission in the environment. On the other hand, economic growth, energy usage, trade openness, and foreign direct investment all raise carbon-dioxide emission. This research suggests various methods for lawmakers to boost GFs impact and set up markets for carbon trades aimed at long-term growth.

Keywords: sustainable development; quantile regression; renewable energy; investment project; technology innovation; green finance.

DOI: 10.1504/IJGW.2024.142430

International Journal of Global Warming, 2024 Vol.34 No.2, pp.95 - 122

Received: 17 Apr 2024
Accepted: 01 Jun 2024
Published online: 30 Oct 2024 *

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