Quantifying Green Finance and its Impact on CO2 Emission
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Author
Khan, Muhammad Asif
Ahmed, Masood
Hull, Robert M.
Publisher
Washburn University. School of Business
Sponsor
Kaw Valley Bank
Issue Date
July 2020
Rights
Alternative Title
Abstract
Great strides have been achieved through world leaders adopting the United Nations Sustainable Development Goals and the Paris Climate Agreement. This reflects an increased commitment to environmental sustainability. Green finance encompasses the investment process that supplies funds to attain environmental sustainability through greater utilization of renewable energy. This is the first study to quantify green finance as an "investment in renewal energy" and examine the influence of this quantification on carbon dioxide emission. Our empirical findings are encouraging as we offer overwhelming support that green finance had reduced carbon dioxide. This should motivate policymakers to continue investing in sustainable energy.