银行能维持可再生能源供应的增长吗?国际证据。

IF 2.5 3区社会学 Q2 DEVELOPMENT STUDIES European Journal of Development Research Pub Date : 2023-01-01 DOI:10.1057/s41287-021-00492-z

Tonmoy Choudhury, Muhammad Kamran, Hadrian Geri Djajadikerta, Tapan Sarker

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引用次数: 16

摘要

面对化石燃料的使用导致的气候变化迅速恶化，向可再生能源的过渡已经迫在眉睫。但这种向可再生能源的转变需要银行的大量资金支持，从而影响了它们的违约风险。针对日益增长的环境问题和银行不愿增加其在可再生能源领域的敞口，本研究就可再生能源在一个国家总能源供应中的份额与银行风险之间的关系提出了独特而新颖的见解。为此，我们获得了2006-2017年期间来自20个国家的80家国际银行的样本数据。针对这些数据，我们实施了两阶段最小二乘(2SLS)回归分析模型。我们的研究结果表明，增加可再生能源在一个国家总能源供应中的份额可以显著降低银行的违约风险。为了检查结果的稳健性，我们进行了几次测试，这些测试也认可了我们结果的有效性。

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Can Banks Sustain the Growth in Renewable Energy Supply? An International Evidence.

Confronted with rapidly deteriorating climate change resulting from the use of fossil fuels, the transition to renewable energy has now become imminent. But this shift to renewable energy requires massive financial support from banks, affecting their default risk. Responding to the growing environmental concerns and reluctance among banks to increase their exposure in the renewable energy sector, this study presents unique and novel insights on the relationship between the share of renewable energy in the total energy supply of a country and banking risk. To this end, we obtained data for a sample of 80 international banks from 20 countries in the 2006-2017 period. On this data, we implemented a two-stage least squares (2SLS) regression analysis model. Our findings reveal that increasing the share of renewable energy in the total energy supply of a country significantly reduces banks' default risk. To check the robustness of the results, we performed several tests which also endorsed the validity of our results.

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来源期刊

European Journal of Development Research DEVELOPMENT STUDIES-

CiteScore

5.70

自引率

4.00%

发文量

期刊介绍： The European Journal of Development Research (EJDR) redefines and modernises what international development is, recognising the many schools of thought on what human development constitutes. It encourages debate between competing approaches to understanding global development and international social development. The journal is multidisciplinary and welcomes papers that are rooted in any mixture of fields including (but not limited to): development studies, international studies, social policy, sociology, politics, economics, anthropology, education, sustainability, business and management. EJDR explicitly links with development studies, being hosted by European Association of Development Institutes (EADI) and its various initiatives. As a double-blind peer-reviewed academic journal, we particularly welcome submissions that improve our conceptual understanding of international development processes, or submissions that propose policy and developmental tools by analysing empirical evidence, whether qualitative, quantitative, mixed methods or anecdotal (data use in the journal ranges broadly from narratives and transcripts, through ethnographic and mixed data, to quantitative and survey data). The research methods used in the journal''s articles make explicit the importance of empirical data and the critical interpretation of findings. Authors can use a mixture of theory and data analysis to expand the possibilities for global development. Submissions must be well-grounded in theory and must also indicate how their findings are relevant to development practitioners in the field and/or policy makers. The journal encourages papers which embody the highest quality standards, and which use an innovative approach. We urge authors who contemplate submitting their work to the EJDR to respond to research already published in this journal, as well as complementary journals and books. We take special efforts to include global voices, and notably voices from the global South. Queries about potential submissions to EJDR can be directed to the Editors. EJDR understands development to be an ongoing process that affects all communities, societies, states and regions: We therefore do not have a geographical bias, but wherever possible prospective authors should seek to highlight how their study has relevance to researchers and practitioners studying development in different environments. Although many of the papers we publish examine the challenges for developing countries, we recognize that there are important lessons to be derived from the experiences of regions in the developed world. The EJDR is print-published 6 times a year, in a mix of regular and special theme issues; accepted papers are published on an ongoing basis online. We accept submissions in English and French.