Please use this identifier to cite or link to this item:
Full metadata record
DC FieldValueLanguage
dc.contributor.authorWu X.-
dc.contributor.otherSadiq M.-
dc.contributor.otherChien F.-
dc.contributor.otherNgo Q.T.-
dc.contributor.otherNguyen A.-T.-
dc.contributor.otherTrinh T.T.-
dc.description.abstractThe study estimates the long-run dynamics of a cleaner environment in promoting the gross domestic product of E7 and G7 countries. The recent study intends to estimate the climate change mitigation factor for a cleaner environment with the GDP of E7 countries and G7 countries from 2010 to 2018. For long-run estimation, second-generation panel data techniques including augmented Dickey-Fuller (ADF), Phillip-Peron technique and fully modified ordinary least square (FMOLS) techniques are applied to draw the long-run inference. The results of the study are robust with VECM technique. The outcomes of the study revealed that climate change mitigation indicators significantly affect the GDP of G7 countries than that of E7 countries. The GDP of both E7 and G7 countries is found depleting due to less clean environment. However, green financing techniques helps to clean the environment and reinforce the confidence of policymakers on the elevation of green economic growth in G7 and E7 countries. Furthermore, study results shown that a 1% rise in green financing index improves the environmental quality by 0.375% in G7 countries, while it purifies 0.3920% environment in E7 countries. There is a need to reduce environmental pollution, shift energy generation sources towards alternative, innovative and green sources.The study also provides different policy implications for the stakeholders guiding to actively promote financial hedging for green financing. So that climate change and envoirnmental pollution reduction could be achieved effectively. The novelty of the study lies in study framework.en
dc.formatPortable Document Format (PDF)-
dc.publisherSpringer Science and Business Media Deutschland GmbH-
dc.relation.ispartofEnvironmental Science and Pollution Research-
dc.rightsThe Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.-
dc.subjectCleaner environmenten
dc.subjectClimate changeen
dc.subjectE7 countriesen
dc.subjectG7 countriesen
dc.subjectGreen financingen
dc.titleTesting role of green financing on climate change mitigation: Evidences from G7 and E7 countriesen
dc.typeJournal Articleen
item.openairetypeJournal Article-
item.fulltextOnly abstracts-
Show simple item record

Google ScholarTM



Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.