Overview

Original Research

FINANCIAL DEVELOPMENT IMPACT ON RENEWABLE ENERGY FOR CARBON NEUTRALITY AND SUSTAINABILITY

LAMIAA SAAD MOHAMED RAMADAN 1, MEDHAT EL-AKKAD 2, and KHAIRIA ABDEL FATTAH 3.

Vol 17, No 10 ( 2022 )   |  DOI: 10.5281/zenodo.7252884   |   Author Affiliation: Teaching Assistant, Economics Department, Faculty of Commerce, Zagazig University, Egypt 1; Professor of Economics, Faculty of Commerce, Zagazig University, Egypt 2,3.   |   Licensing: CC 4.0   |   Pg no: 1031-1039   |   To cite: LAMIAA SAAD MOHAMED RAMADAN, et al., (2022). FINANCIAL DEVELOPMENT IMPACT ON RENEWABLE ENERGY FOR CARBON NEUTRALITY AND SUSTAINABILITY. 17(10), 1031–1039. https://doi.org/10.5281/zenodo.7252884   |   Published on: 26-10-2022

Abstract

The present paper examines whether financial development (FD) promotes the deployment of RETs, using Panel data fixed effect model for 93 developed and developing countries from 1978 to 2014. Our empirical findings show the importance of the banking sector in the development of RE in comparison to other financial institution. In the opposite, each and overall component of stock market development haven't impact on RE expansion. Composite index includes six variables of financial development positively impact RE expansion.

Keywords

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