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From Brown to green: Exploring asymmetric nexus between green finance and carbon footprint in BRICS+6 alliance

Borsa Istanbul Review, ISSN: 2214-8450, Vol: 24, Issue: 2, Page: 363-375
2024
  • 2
    Citations
  • 0
    Usage
  • 57
    Captures
  • 1
    Mentions
  • 0
    Social Media
Metric Options:   Counts1 Year3 Year

Metrics Details

  • Citations
    2
  • Captures
    57
  • Mentions
    1
    • News Mentions
      1
      • News
        1

Most Recent News

Studies from Korea Maritime and Ocean University Provide New Data on Finance (From Brown To Green: Exploring Asymmetric Nexus Between Green Finance and Carbon Footprint In Brics+6 Alliance)

2024 MAY 17 (NewsRx) -- By a News Reporter-Staff News Editor at South Korea Daily Report -- Research findings on Business - Finance are discussed

Article Description

Green finance is the beacon of hope in a world striving for sustainability, where financial growth and environmental responsibility go hand in hand. The BRICS, containing five emerging economies (Brazil, Russia, India, China, and South Africa), recently announced Iran, Egypt, Argentina, Ethiopia, Saudi Arabia, and the UAE as six potential new members. This expansion offers promising prospects for advancing environmental sustainability through green finance, which can be an excellent tool. In this respect, this research examines how green finance affects the carbon footprint in BRICS+6 economies. Earlier studies used panel data techniques to probe the association between these variables but overlooked that certain countries still needed to possess such a link separately. Hence, this research adopts the Quantile-on-Quantile approach, which provides a holistic universal view and customized findings for each country. The outcomes display that green finance improves environmental quality by diminishing carbon footprint at distinct quantiles of data distribution.

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