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Economic Change and Restructuring

Erschienen in:

25.11.2021

Does green finance improve energy efficiency? New evidence from developing and developed economies

verfasst von: Mingzhe Yu, Qiang Zhou, Mui Yee Cheok, Jakub Kubiczek, Nadeem Iqbal

Erschienen in: Economic Change and Restructuring | Ausgabe 1/2022

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Abstract

The ground-breaking research on the electricity sector and its effects on energy efficiency (EE) in advanced and emerging economies are crucial in developing a futuristic pathway, leading to self-sustainable energy use. Therefore, this research investigates the functions of sustainable investments to ensure EE in advanced and emerging economies in a decade, ranging from 2008 to 2018, by applying the data envelopment analysis (DEA) method. The findings reveal a lower degree of EE in advanced and emerging economies (0.44), discovering only seven nations, saving energy with DEA and the West Asia and North Africa groups as the top energy savers. Moreover, the mean EE ratio of the advanced and emerging countries plummeted, dating back to 2013, whereas financial investment positively impacts EE. Similarly, the study perceives how open structures in the nations' economic systems can advance ecological conditions by reducing pollution levels and graft enable EE and reduce pollution levels. Simultaneously, natural resources and technological advancements can accelerate the course of EE and ecological dimensions. Therefore, analysis of causality reinforce the response hypotheses between EE, Environmental carbon emissions levels, financial advancements, graft control, proceeds from mineral resources, technological creativity, commerce, and localization of industries, respectively.

Vorheriger Artikel Impact of COVID-19 pandemic on the energy markets

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Titel: Does green finance improve energy efficiency? New evidence from developing and developed economies
verfasst von: Mingzhe Yu
Qiang Zhou
Mui Yee Cheok
Jakub Kubiczek
Nadeem Iqbal
Publikationsdatum: 25.11.2021
Verlag: Springer US
Erschienen in: Economic Change and Restructuring / Ausgabe 1/2022
Print ISSN: 1573-9414
Elektronische ISSN: 1574-0277
DOI: https://doi.org/10.1007/s10644-021-09355-3

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