THE ROLE OF GREEN TRADE, GREEN ENERGY TECHNOLOGIES, AND GREEN FINANCE ON ENVIRONMENTAL DEGRADATION: EVIDENCE FROM ASEAN COUNTRIES
Keyword(s)
Author(s)
Trung Kien Tran
Country(ies)
Publisher
Published Date
Access
DOI
School of Public Finance, College of Economics, Law, and Government, University of Economics Ho Chi Minh City, Vietnam
This paper aims to assess the effect of green trade, green energy technologies, and green finance on greenhouse gas (GHG) emissions in ASEAN nations. ASEAN nations are chosen because their economies have a high capacity to mitigate their environmental impact. In addition, the evidence from these nations is highly likely to enhance the existing theoretical subsidy for sustainable practices. Using MMQR methodology, data from 2001 to 2019 have been analyzed, revealing that green trade, energy production from solar and hydropower resources, green finance, and REC significantly reduce greenhouse gas emissions. It is important to note that the empirical view of such practices from an ASEAN perspective can guide economies eager to improve the present state of the environment.
