Show simple item record

dc.contributor.authorParamati, Sudharshan Reddy
dc.contributor.authorApergis, Nicholas
dc.contributor.authorUmmalla, Mallesh
dc.date.accessioned2019-01-21T14:36:36Z
dc.date.available2019-01-21T14:36:36Z
dc.date.issued2016-11-12
dc.identifier.citationParamati, S.R., Apergis, N., and Ummalla, M. ‘Financing clean energy projects through domestic and foreign capital: the role of political cooperation among the EU, the G20 and OECD countries’, Energy Economics, 61, pp. 62-71. Doi: 10.1016/j.eneco.2016.11.001en
dc.identifier.issn0140-9883
dc.identifier.doi10.1016/j.eneco.2016.11.001
dc.identifier.urihttp://hdl.handle.net/10545/623341
dc.description.abstractThere is a growing concern among both individuals and policy makers in relevance to increasing CO2 emissions across the world. As a result, international organizations have started to pressurize economies to minimize their carbon emissions by increasing the share of clean energy consumption in total energy use. Hence, the goal of this paper is to empirically explore to what extent both domestic (stock market) and foreign (FDI inflows) capital affect clean energy uses across the EU, the G20, and OECD, spanning the period 1993–2012. The results of long-run elasticities document that both FDI and stock market developments play a significant role in promoting clean energy uses across all three-country groups. The results also suggest that clean energy consumption has a considerable positive and negative effect on economic output and CO2 emissions, respectively, while the political globalization has a substantial negative impact on carbon emissions across the EU, the G20 and OECD economies.
dc.description.sponsorshipN/Aen
dc.language.isoenen
dc.publisherElsevieren
dc.relation.urlhttps://www.sciencedirect.com/science/article/pii/S014098831630305Xen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectClean energyen
dc.subjectFDI inflowsen
dc.subjectStock marketsen
dc.subjectPolitical cooperationen
dc.subjectEU–G20–OECD countriesen
dc.titleFinancing clean energy projects through domestic and foreign capital: the role of political cooperation among the EU, the G20 and OECD countriesen
dc.typeArticleen
dc.contributor.departmentJiangxi University of Finance and Economicsen
dc.contributor.departmentUniversity of Piraeusen
dc.contributor.departmentUniversity of Hyderabaden
dc.identifier.journalEnergy Economicsen
dc.dateAccepted2016-11-01
dc.dateAccepted2016-11-01
html.description.abstractThere is a growing concern among both individuals and policy makers in relevance to increasing CO2 emissions across the world. As a result, international organizations have started to pressurize economies to minimize their carbon emissions by increasing the share of clean energy consumption in total energy use. Hence, the goal of this paper is to empirically explore to what extent both domestic (stock market) and foreign (FDI inflows) capital affect clean energy uses across the EU, the G20, and OECD, spanning the period 1993–2012. The results of long-run elasticities document that both FDI and stock market developments play a significant role in promoting clean energy uses across all three-country groups. The results also suggest that clean energy consumption has a considerable positive and negative effect on economic output and CO2 emissions, respectively, while the political globalization has a substantial negative impact on carbon emissions across the EU, the G20 and OECD economies.


Files in this item

Thumbnail
Name:
Publisher version

This item appears in the following Collection(s)

Show simple item record

http://creativecommons.org/licenses/by-nc-nd/4.0/
Except where otherwise noted, this item's license is described as http://creativecommons.org/licenses/by-nc-nd/4.0/