TY - JOUR
T1 - Growth, emissions, and climate finance nexus for sustainable development
T2 - Revisiting the environmental Kuznets curve
AU - Han, Songhee
AU - Jun, Hannah
N1 - Publisher Copyright:
© 2022 The Authors. Sustainable Development published by ERP Environment and John Wiley & Sons Ltd.
PY - 2022
Y1 - 2022
N2 - This article examines the relationship between growth, emissions, population density, renewable energy consumption, urban population, and climate finance using a panel data for 141 countries between 1990 and 2015. The study revisits the environmental Kuznets curve (EKC) hypothesis by focusing specifically on the developing country context. In the first analysis, the growth-emissions nexus is explained with three panel regression models. The second part investigates whether international support for developing countries, particularly climate finance on mitigation, is effective for a subpanel of 103 countries between 2002 and 2015. The EKC hypothesis is generally valid in quadratic specification, while the EKC is largely not found with clustered data and cubic polynomial functions. The effects of mitigation aid vary by dataset, implying that simply increasing mitigation aid may not be enough to reduce emissions in developing countries.
AB - This article examines the relationship between growth, emissions, population density, renewable energy consumption, urban population, and climate finance using a panel data for 141 countries between 1990 and 2015. The study revisits the environmental Kuznets curve (EKC) hypothesis by focusing specifically on the developing country context. In the first analysis, the growth-emissions nexus is explained with three panel regression models. The second part investigates whether international support for developing countries, particularly climate finance on mitigation, is effective for a subpanel of 103 countries between 2002 and 2015. The EKC hypothesis is generally valid in quadratic specification, while the EKC is largely not found with clustered data and cubic polynomial functions. The effects of mitigation aid vary by dataset, implying that simply increasing mitigation aid may not be enough to reduce emissions in developing countries.
KW - climate change
KW - climate finance
KW - environmental Kuznets curve
KW - mitigation aid
KW - sustainable development
UR - http://www.scopus.com/inward/record.url?scp=85138069123&partnerID=8YFLogxK
U2 - 10.1002/sd.2406
DO - 10.1002/sd.2406
M3 - Article
AN - SCOPUS:85138069123
SN - 0968-0802
JO - Sustainable Development
JF - Sustainable Development
ER -