Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

The impact of green finance, economic growth and energy usage on CO2 emission in Vietnam – a multivariate time series analysis

The impact of green finance, economic growth and energy usage on CO2 emission in Vietnam – a... This study aims to examine the relationship between green finance, economic growth, renewable energy consumption (energy efficiency), energy import and CO2 emission in Vietnam using multivariate time series analysis.Design/methodology/approachThe data were collected from 1986 to 2018 since Vietnam initiated the economic reforms, namely “Doi Moi” in 1986. The concept and methods of cointegration, Granger causality and error correction model (ECM) were employed to establish the relationship between the variables of interest.FindingsOur results confirmed the existence of cointegration among the variables. The Granger causality test revealed unidirectional causality running from renewable energy consumption to CO2 emission and green investment to CO2 emission.Originality/valueThis study results confirm the existence of cointegration among the variables. The results of the study imply that policies on economic development impose a significant impact on pollution in Vietnam. This study has described Vietnam, its economic development, green manufacturing practices, its environmental health and level of carbon dioxide emission which was enhanced due to COVID-19. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png China Finance Review International Emerald Publishing

The impact of green finance, economic growth and energy usage on CO2 emission in Vietnam – a multivariate time series analysis

China Finance Review International , Volume 12 (2): 17 – Apr 7, 2022

Loading next page...
 
/lp/emerald-publishing/the-impact-of-green-finance-economic-growth-and-energy-usage-on-co2-oc0et7Q5rf

References (70)

Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
2044-1398
DOI
10.1108/cfri-03-2021-0049
Publisher site
See Article on Publisher Site

Abstract

This study aims to examine the relationship between green finance, economic growth, renewable energy consumption (energy efficiency), energy import and CO2 emission in Vietnam using multivariate time series analysis.Design/methodology/approachThe data were collected from 1986 to 2018 since Vietnam initiated the economic reforms, namely “Doi Moi” in 1986. The concept and methods of cointegration, Granger causality and error correction model (ECM) were employed to establish the relationship between the variables of interest.FindingsOur results confirmed the existence of cointegration among the variables. The Granger causality test revealed unidirectional causality running from renewable energy consumption to CO2 emission and green investment to CO2 emission.Originality/valueThis study results confirm the existence of cointegration among the variables. The results of the study imply that policies on economic development impose a significant impact on pollution in Vietnam. This study has described Vietnam, its economic development, green manufacturing practices, its environmental health and level of carbon dioxide emission which was enhanced due to COVID-19.

Journal

China Finance Review InternationalEmerald Publishing

Published: Apr 7, 2022

Keywords: Green finance; Economic growth; GDP; CO2 emission; Renewable energy; Energy import

There are no references for this article.