Achieving Carbon-Neutrality in Mena Countries
Does Financial Inclusion Matter
Bibliographic Data
| ID | 21641546 |
|---|---|
| Authors | Rabie Said (0009-0004-6254-1109, La Trobe University, Melbourne, VIC, Australia, corresponding author), Alex O Acheampong (0000-0002-5462-5466, Bond University Bond Business School, Gold Coast, QLD, Australia) |
| Year | 2024 |
| Volume | 33 |
| Issue | 2 |
| Pages | 312-336 |
| Publication date | 2024-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Environment & Development (JOURNAL) |
| Journal identifiers | ISSN: 1070-4965 • E-ISSN: 1552-5465 |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/10704965231225780 |
| OpenAlex | W4390655243 |
| Language | EN |
| Citations received | 3 |
| References cited | 59 |
This study examines the relationship between financial inclusion, renewable energy, and CO 2 emissions using data from 11 Middle East and North Africa (MENA) countries from 2004 to 2019. Evidence from fixed effects-ordinary least squares (FE-OLS), dynamic ordinary least squares (DOLS), fully modified ordinary least squares (FMOLS), and canonical correlation regression (CRR) showed that financial inclusion contributes significantly to decarbonization. Country-specific analysis indicated that financial inclusion is associated with mitigating CO 2 emissions in Egypt, Israel, Qatar, and Tunisia while significantly spurring CO 2 emissions in Algeria, Lebanon, and Saudi Arabia. In addition, renewable energy contributes significantly to decarbonization in MENA, especially in Algeria, Lebanon, Tunisia, and Turkey. We recommend that policies promoting financial inclusion and renewable energy usage would contribute to the attainment of the carbon-neutrality goal by MENA countries
Development economics · Econometrics · Economics · Financial inclusion · Financial services · Geography · Middle East · Ordinary least squares · Renewable energy · Chemistry · Energy and Environment Impacts · Energy, Environment, and Transportation Policies · Energy, Environment, Economic Growth · Engineering · Finance
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| Unique citing works | 3 |
|---|---|
| Citations per year | 1.5 |
| Citation span | 2024 - 2025 (2) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 3 |