The Dynamic Impact of Environmental Sustainability, Green Finance, and FinTech on Energy Efficiency in Middle Eastern Economies

Q1 Economics, Econometrics and Finance International Journal of Energy Economics and Policy Pub Date : 2024-07-05 DOI:10.32479/ijeep.15691

Omar Al_kasasbeh, S. Al-Khazaleh, G. Alsheikh

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Abstract

Middle Eastern countries have prioritized energy efficiency in their policy, regarding the adverse environmental consequences of relying heavily on fossil fuels. Over time, their reliance on fossil fuels for energy generation and imports has resulted in a continual rise in greenhouse gas emissions. Nevertheless, Middle Eastern countries possess considerable capacity for renewable energy resources that can be utilized without causing harm to the environment. This study empirically examines the effect of green finance, environmental sustainability, and fin-tech on energy efficiency using panel data from 2012 to 2023 in Middle Eastern countries: Turkey, Saudi Arabia, Kuwait, Qatar, and the United Arab Emirates. The study achieved its aims by employing a range of econometric methodologies. The CIPS and IPS procedures are employed to analyze unit root attributes, while the panel cointegration methodology of Westerlund (2007) is used to examine cointegration. The results indicate that there is cointegration among the variables that were analyzed. The outcomes provide helpful knowledge regarding the development of energy efficiency in Middle Eastern countries.

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环境可持续性、绿色金融和金融科技对中东经济体能源效率的动态影响

中东国家考虑到严重依赖化石燃料对环境造成的不利影响，在其政策中将能源效率放在首位。随着时间的推移，他们对化石燃料发电和进口能源的依赖导致温室气体排放量持续上升。然而，中东国家拥有相当大的可再生能源资源，可以在不对环境造成危害的情况下加以利用。本研究利用中东国家 2012 年至 2023 年的面板数据，实证研究了绿色金融、环境可持续性和金融科技对能源效率的影响：土耳其、沙特阿拉伯、科威特、卡塔尔和阿拉伯联合酋长国。该研究通过采用一系列计量经济学方法实现了目标。采用 CIPS 和 IPS 程序分析单位根属性，同时采用 Westerlund（2007 年）的面板协整方法检验协整性。结果表明，所分析的变量之间存在协整关系。研究结果为中东国家能源效率的发展提供了有用的知识。

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来源期刊

International Journal of Energy Economics and Policy Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

3.20

自引率

0.00%

发文量

296

审稿时长

14 weeks

期刊介绍： International Journal of Energy Economics and Policy (IJEEP) is the international academic journal, and is a double-blind, peer-reviewed academic journal publishing high quality conceptual and measure development articles in the areas of energy economics, energy policy and related disciplines. The journal has a worldwide audience. The journal''s goal is to stimulate the development of energy economics, energy policy and related disciplines theory worldwide by publishing interesting articles in a highly readable format. The journal is published bimonthly (6 issues per year) and covers a wide variety of topics including (but not limited to): Energy Consumption, Electricity Consumption, Economic Growth - Energy, Energy Policy, Energy Planning, Energy Forecasting, Energy Pricing, Energy Politics, Energy Financing, Energy Efficiency, Energy Modelling, Energy Use, Energy - Environment, Energy Systems, Renewable Energy, Energy Sources, Environmental Economics, Oil & Gas .