scholarly journals Climate change and bank stability: The moderating role of green financing and renewable energy consumption in ASEAN

2020 ◽  
Author(s):  
Hafiz Waqas Kamran ◽  
Muhammad Haseeb ◽  
Thu Thuy Nguyen ◽  
V.C. Nguyen
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Alternative Energy ◽  
Random Effect ◽  
Control Variable ◽  
Bank Stability ◽  
Moderation Effect ◽  
Lm Test ◽  
Data Estimation

The present investigation empirically determines the comparative as well as combine panel estimations for the relationship between climate change and bank stability in three selected ASEAN countries; Malaysia, Indonesia and Thailand with the moderation of green financing and renewable energy. Five leading banks were chosen from each country based on green financing usage. The dependent variable was bank stability, which was proxies by z-score of ROA and ROE along with SDROA and SDROE. Climate change was the main independent variable, which was proxies by CO2 emission while the control variable was organization quality. Panel data estimation was applied using a fixed effect, random effect and pooled OLS technique along with the Hausman test and LM test. Both Hausman and LM tests were not significant which conformed pooled data estimation as the appropriate modelling. The comparative findings indicate that bank stability strongly decreased by climate change in Malaysia, Indonesia and Thailand. The Green financing strongly enhances bank stability in the case of Malaysia and Thailand while renewable energy is a less important factor to enhance the bank stability for all the three countries. The moderation effect of green financing significantly enhances bank stability in the case of Malaysia and Thailand while the moderation effect of renewable energy enhances bank stability in the case of Malaysia and Indonesia only. The combined estimates conclude that climate changes strongly decreases the bank stability in the ASEAN region while the green financing and renewable energy positively influences the bank stability in this region with low significance. The moderation effect of green financing, as well as renewable energy positively, enhances the bank stability measures of ZROA and ZROE only in this region. The policy implication for this empirical investigation concludes that the policymakers in ASEAN region should promote green financing in all the banks with renewable energy in their economies as the source of alternative energy consumption to control to devastating changes in climate so that bank stability in this region is insured.

scholarly journals A Mathematical Description of Selected Energy Transition Scenarios in the 21st Century, Intended to Realize the Main Goals of the Paris Climate Agreement

Energies ◽  
2021 ◽  
Vol 14 (9) ◽  
pp. 2558
Author(s):  
Askar A. Akaev ◽  
Olga I. Davydova
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Energy Consumption ◽  
21St Century ◽  
Mathematical Description ◽  
Energy Transition ◽  
Hydrocarbon Fuels ◽  
Paris Climate Agreement ◽  
Great Energy

On 4 November 2016, the historic Paris Climate Agreement of the United Nations entered into force, requiring signatory countries to maintain global warming at the level of 1.5–2 °C. According to the calculations of the Intergovernmental Panel on Climate Change (IPCC), to achieve this goal, a 2/3 reduction in greenhouse gas energy emissions into the atmosphere compared with gaseous energy-related emissions in 2019 (33.3 Gt) by about 2050 (1.5 °C) or by 2070 (2 °C) is required. According to the International Renewable Energy Agency (IRENA), this is only possible with the implementation of a great energy transition from the use of currently dominant fossil hydrocarbon fuels—coal, oil, and natural gas—to the predominant use of renewable energy sources (RES) by 2040–2050, when the share of renewable energy in the total energy balance will reach 40% and above. In this work, mathematical description of an upcoming energy transition has been carried out, including long-term scenario writing of the world’s demographic dynamics and global energy demand, calculation of the dynamics of industrial CO2 emissions and CO2 accumulation in the Earth’s atmosphere, as well as the corresponding changes in the average global temperature of the Earth’s surface in the 21st century. A mathematical description of the impact of energy consumption on climate change was carried out taking into account long-term trends in the dynamics of energy consumption. Using the performed mathematically-oriented scenario writing, it is suggested that a great energy transition with the achievement of the goals of the Paris Agreement is possible only by 2060. Renewable energy could sufficiently displace and replace hydrocarbon fuels to achieve climate safety without compromising economic development. As a result, humanity will receive an environmentally friendly decentralized distributed energy system, connected by «smart» grids, controlled by intelligent digital technologies.

scholarly journals Renewable Energy Consumption and Economic Growth in Asia Pacific

2021 ◽  
Author(s):  
Pisi Bethania Titalessy
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Alternative Energy ◽  
Panel Data Analysis ◽  
Environmentally Friendly ◽  
Asia Pacific ◽  
Environmental Damage ◽  
Renewable Energy Consumption ◽  
The Impact

The problem of climate change is increasingly global and results in environmental damage due to the use of fossil energy in human activities. An increasing population will make energy consumption increase and can make things worse. Therefore, it is necessary to replace old energy with alternative energy that is more environmentally friendly and makes productivity effective and efficient. Renewable energy is pointed out as an alternative energy source that is environmentally friendly and the process is sustainable because it is always available in nature. Renewable energy is expected to increase the country's national income. This study aims to analyze the impact of renewable energy on economic growth in the Asia Pacific region as a whole. By using data from 2000-2015, panel data analysis in this study shows that Renewable Energy Consumption (REC) has a negative and significant relationship to economic growth, while renewable energy and combustible waste (CRW) has a significant and positive effect on economic growth.

scholarly journals The effectiveness of Vietnamese policies response to climate change through ARDL analysis

2021 ◽  
Vol 11 (2) ◽  
pp. 42-52
Author(s):  
Le Hoang Nghiem ◽  
Dang Bac Hai ◽  
Tran Thi Diem Nga ◽  
Su Thi Oanh Hoa
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Foreign Direct Investment ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Direct Investment ◽  
Economic Factor ◽  
Renewable Energy Consumption ◽  
Long Run

Being a highly vulnerable country due to climate change, Vietnam has issued various climate policies while trying to keep the pace of economic growth. The study evaluates the effectiveness of these policies by examining the effect of economic and energy factors in the efforts of controlling CO2 emissions. Approach by Autoregressive Distributed Lag (ARDL) analysis, the model of a linear regression between CO2 emissions and Gross Domestic Product (GDP), Foreign Direct Investment (FDI) & sources of energy consumption has been developed from 1985 to 2018. The study indicates that the economic factor as Foreign Direct Investment (FDI) is a possible significant element to mitigate the emission. In addition, sources of energy consumption have the important role of controlling CO2 emissions. In the long run, the consumption of non - renewable energy is a positive and significant effect on CO2 emissions while renewable energy is vice versa. These outcomes show the Foreign Direct Investment (FDI) and renewable energy consumption factors lead to the decrease of CO2 emissions in the long run for Vietnam, which implies the co-exist of economic growth and decarbonization.

scholarly journals The Implementation of Climate Change Policy in Post-Soviet Countries Achieving Long-Term Targets

2020 ◽  
Vol 12 (11) ◽  
pp. 4558
Author(s):  
Yuliia Matiiuk ◽  
Mykolas Simas Poškus ◽  
Genovaitė Liobikienė
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Energy Intensity ◽  
Climate Change Policy ◽  
Renewable Energy Consumption ◽  
Change Policy ◽  
The Eu

Contribution to climate change mitigation is required for all world countries. Post-Soviet countries’ climate change policy strategies by 2030 (2035) were adopted relatively recently. Thus, the aim of this study is to analyze the achievements of climate change policy, encompassing carbon emissions, energy intensity, and renewable energy consumption, in separate Post-Soviet countries and to reveal the possibilities of reaching their long-term 2030–2035 targets. The results showed huge differences in carbon emissions, energy intensity, and the share of renewable energy consumption among Post-Soviet countries. Analyzing the trends of climate change policy implementation in almost all Post-Soviet countries (except Ukraine and Uzbekistan), carbon pollution increased during the analyzed period (2002–2014). The highest growth of emissions was observed in Georgia and Tajikistan. Furthermore, the economic development level was positively and significantly related to the level of carbon emissions. During the 2002–2014 period, energy intensity decreased in all Post-Soviet countries, particularly in those where the level was lower. The share of renewable energy consumption increased the most in countries that are members of the EU (Latvia, Lithuania, and Estonia) and Moldova, which declared its willingness to join the EU. However, the energy intensity and the share of renewable energy consumption were insignificantly related to the level of economic development. Analyzing the possibility of achieving the Post-Soviet countries’ climate change policy targets, the results showed that only some of them will succeed. Therefore, Post-Soviet countries should implement more efficient climate change policies and effective tools in order to achieve their targets.

scholarly journals Financing sources of pro-ecological investments in the field of renewable Energy in Poland - an overview of the support mechanisms

2018 ◽  
Vol 49 ◽  
pp. 00099
Author(s):  
Łukasz Sękulski ◽  
Stefan Żuchowski
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Environmental Protection ◽  
Greenhouse Gas Emission ◽  
Gas Emission ◽  
Government Programs ◽  
Investment Financing ◽  
Increasing Trend ◽  
Support Mechanisms

In view of an increasing trend in energy consumption and EU pressure on using sources of low greenhouse gas emission, Poland is facing an unprecedented challenge following increasing dependence from energy imports and also a necessity of climate change reduction. The target of this study is the presentation of investment financing mechanisms favoring environmental protection through the introduction of systems based on energy respect and renewable sources. This study is an analysis of the material of financial law, resolutions and trends in the pro-ecological policy of the state and self-government programs for environmental protection, ecological plans and priorities.

scholarly journals Renewable Energy Consumption and Economic Growth in Asia Pacific

2021 ◽  
Vol 4 (2) ◽  
Author(s):  
Pisi Bethania Titalessy ◽  
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Alternative Energy ◽  
Panel Data Analysis ◽  
Environmentally Friendly ◽  
Asia Pacific ◽  
Environmental Damage ◽  
Renewable Energy Consumption ◽  
The Impact

The problem of climate change is increasingly global and results in environmental damage due to the use of fossil energy in human activities. An increasing population will make energy consumption increase and can make things worse. Therefore, it is necessary to replace old energy with alternative energy that is more environmentally friendly and makes productivity effective and efficient. Renewable energy is pointed out as an alternative energy source that is environmentally friendly and the process is sustainable because it is always available in nature. Renewable energy is expected to increase the country's national income. This study aims to analyze the impact of renewable energy on economic growth in the Asia Pacific region as a whole. By using data from 2000-2015, panel data analysis in this study shows that Renewable Energy Consumption (REC) has a negative and significant relationship to economic growth, while renewable energy and combustible waste (CRW) has a significant and positive effect on economic growth.

Tackling Climate Change through Educational Awareness

2017 ◽  
pp. 1602-1612
Author(s):  
Karla Drenner
Keyword(s):  
Climate Change ◽  
Science Education ◽  
Renewable Energy ◽  
Alternative Energy ◽  
Essential Element ◽  
Energy Systems ◽  
Clean Energy ◽  
Deep South ◽  
Educational Tool

Utilizing renewable energy systems as an educational tool for students creates not only a source for clean energy; it also provides a tangible way to increase their knowledge about science. Education is an essential element in the response to climate change. Students play an important role in addressing the issues of our planet, of which climate change is paramount. This case study examines why Georgia House Resolution 689 (HR689) did not pass in its original legislative form. Further, the study addresses how Georgia Power's opposition was key to getting the resolution pulled from the Debate Calendar resulting in a privilege resolution substitute. Suggesting that in regions of the Deep South passing any declaration which expressly supports alternative energy initiatives that increase awareness of climate change will be met with stiff opposition.

scholarly journals Energy mix, technological change, and the environment

2021 ◽  
Author(s):  
Anelí Bongers
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Alternative Energy ◽  
Fossil Fuel ◽  
Renewable Energy Sources ◽  
Rebound Effect ◽  
Clean Energy ◽  
Pollutant Emissions ◽  
Energy Sources ◽  
Energy Mix

AbstractThis paper studies the relationship between the energy mix and the environment using a theoretical framework in which two alternative energy sources are considered: fossil fuels (dirty energy) and renewable energy (clean energy). We find that a positive aggregate productivity shock increases energy consumption and emissions but reduces energy intensity and emissions per unit of output as renewable energy consumption increases, that is, carbon emissions are procyclical but emissions per unit of output are countercyclical. Second, an energy efficiency improvement provokes a “rebound effect” above 100% (the backfire effect), resulting in a rise of pollutant emissions by increasing energy use. Third, a technological improvement in emissions leads to a reduction in emissions per unit of fossil fuel, but also implies a slow-down in the adoption of renewable energy sources. Finally, we consider the case of a decentralized economy in which the government chooses an optimal specific tax on fossil fuel to maximize social welfare. We show that the “second-best” policy is highly effective in correcting the negative effects of the environmental externality and able to almost achive the centralized economy outcome.

scholarly journals Impact Analysis on the Effective Synergy Between Climate Change, Ecological Degradation and Energy Consumption on Economic Growth in Nigeria

SAGE Open ◽  
2021 ◽  
Vol 11 (4) ◽  
pp. 215824402110613
Author(s):  
Dahiru Alhaji-Bala Birnintsaba ◽  
Hüseyin Ozdeser ◽  
Andisheh Saliminezhad
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Population Growth ◽  
Climatic Change ◽  
Developing Economies ◽  
Sustainable Growth ◽  
Ecological Degradation ◽  
Growth Energy

There is growing global concern about the unpredictable nature of climate change and rapid ecological degradation, which has emanated from quest to enhance economic growth in many parts of the world. In spite of the potential offered by green energy, developing economies such as Nigeria are lagging behind in the application of renewable energy. The synergic impact of climate change, ecological degradation and some key macroeconomic variables remains partially unexplored. Considering this gap in the literature, the objective of the study is to examine the impact of climatic change, ecological degradation, population growth and energy consumption on economic growth in Nigeria. The dynamic impacts of these key variables were analyzed using the Autoregressive Distributed Lag model. While the bounds test results indicated that the variables are co-integrated, bidirectional causal flows were identified between economic growth, energy consumption, population growth, and climatic change. However, unidirectional relations exist running from ecological degradation to economic growth, as well as from population to economic growth. The study further found that climate change and ecological degradation are mutually reinforcing one another as a bidirectional causal relation was detected among the two variables. In this sense, it can be concluded that population growth, energy consumption, and ecological degradation are key contributors to sustainable growth that will reduce the threat of climate change. As such, there is a strong need for Nigeria to strengthen its environmental regulatory institutions to initiate a paradigm shift from conventional to renewable energy. This will reduce ecological degradation and enhance environmentally-friendly economic growth.

scholarly journals Z Source Inverter Topologies-A Survey

2017 ◽  
Vol 6 (1) ◽  
pp. 1-12
Author(s):  
V. Saravanan ◽  
M. Aravindan ◽  
V. Balaji ◽  
M. Arumugam
Keyword(s):  
Power Generation ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Solar Energy ◽  
Alternative Energy ◽  
Power Converters ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Alternative Energy Sources ◽  
Converter Topologies

Need for alternative energy sources to satisfy the rising demand in energy consumption elicited the research in the area of power converters/inverters. An increasing interest of using Z source inverter/converter in power generation involving renewable energy sources like wind and solar energy for both off grid and grid tied schemes were originated from 2003. This paper surveys the literature of Z source inverters/converter topologies that were developed over the years.

Sign in / Sign up

Export Citation Format

Share Document