期刊
ENERGY ECONOMICS
卷 126, 期 -, 页码 -出版社
ELSEVIER
DOI: 10.1016/j.eneco.2023.107021
关键词
Renewable energy generation; Green finance; USA; Quantile; SDG
类别
This study analyzes the relationship between green finance and renewable energy generation and provides policy recommendations for the USA to achieve its Sustainable Development Goal.
The USA has been facing difficulties in attaining the objectives of Sustainable Development Goal (SDG) 7 (Affordable and Clean Energy). One of the major reasons behind this is the policy lacuna prevailing in terms of financializing the renewable energy generation projects. While the policy documents are suggesting solutions to address this issue, the hidden moderations arising out of the socio-economic and political settings are largely ignored. Moreover, the dependence structure of the green finance and renewable energy generation might follow a tail dependence, because of the extreme market conditions. The need for a policy reorientation involving these two factors has motivated the study. In this study the inter-quantile association between green finance and renewable energy generation are analyzed over January 1985 to December 2020. This study has also introduced a new method Multivariate Quantile-on-Quantile Regression (m-QQR). The study outcomes reveal that the impact of green finance on renewable energy generation is susceptible to exogenous moderation, while demonstrating inter-quantile dependence. The policy framework recommended in the study is aimed at helping the USA in attaining the objectives of SDG 7.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据