Do Global Green Sukuk affect on Climate Change? Evidence in Issuing Countries
Uncertain climate change as a result of technological developments, often has a negative impact on the environment. This is shown by the number of carbon emissions that are continuously increasing. As a sovereign country, the issuing country of Green Sukuk Global strives to increase investment to s...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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EconJournals
2024-01-01
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| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | https://econjournals.com/index.php/ijeep/article/view/14987 |
| _version_ | 1797353219006922752 |
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| author | Suriani Suriani Raja Masbar Maulidar Agustina Athalla Daffa Khairul |
| author_facet | Suriani Suriani Raja Masbar Maulidar Agustina Athalla Daffa Khairul |
| author_sort | Suriani Suriani |
| collection | DOAJ |
| description |
Uncertain climate change as a result of technological developments, often has a negative impact on the environment. This is shown by the number of carbon emissions that are continuously increasing. As a sovereign country, the issuing country of Green Sukuk Global strives to increase investment to support a sustainable development process. This study aims to analyze the effect of green finance, specifically on global green sukuk, on the adverse effects of climate change. Using time series data in four issuing countries (from January 2018 until December 2022) with an autoregressive distributed lag in the panel model approach. The findings show that in the long and short term, global green sukuk can reduce the adverse effects of climate change in the issuing country. However, economic growth affects increasing carbon emissions in the issuing country in the long term, while trade openness has no effect on climate change. To support sustainable economic development as evidenced by increased economic growth, it must be balanced with increased issuance of global green sukuk financing issues to reduce the adverse effects of climate change in issuing countries.
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| first_indexed | 2024-03-08T13:27:58Z |
| format | Article |
| id | doaj.art-deefcd3bb3004f9683d0efec74bb9a36 |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-03-08T13:27:58Z |
| publishDate | 2024-01-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-deefcd3bb3004f9683d0efec74bb9a362024-01-17T14:42:57ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532024-01-0114110.32479/ijeep.14987Do Global Green Sukuk affect on Climate Change? Evidence in Issuing CountriesSuriani Suriani0Raja Masbar1Maulidar Agustina2Athalla Daffa Khairul3Faculty of Economics and Business, Universitas Syiah Kuala, IndonesiaFaculty of Economics and Business, Universitas Syiah Kuala, IndonesiaFaculty of Economics and Business, Universitas Syiah Kuala, IndonesiaFaculty of Economics and Business, Universitas Syiah Kuala, Indonesia Uncertain climate change as a result of technological developments, often has a negative impact on the environment. This is shown by the number of carbon emissions that are continuously increasing. As a sovereign country, the issuing country of Green Sukuk Global strives to increase investment to support a sustainable development process. This study aims to analyze the effect of green finance, specifically on global green sukuk, on the adverse effects of climate change. Using time series data in four issuing countries (from January 2018 until December 2022) with an autoregressive distributed lag in the panel model approach. The findings show that in the long and short term, global green sukuk can reduce the adverse effects of climate change in the issuing country. However, economic growth affects increasing carbon emissions in the issuing country in the long term, while trade openness has no effect on climate change. To support sustainable economic development as evidenced by increased economic growth, it must be balanced with increased issuance of global green sukuk financing issues to reduce the adverse effects of climate change in issuing countries. https://econjournals.com/index.php/ijeep/article/view/14987Green Economy, Climate Change, Global Green Sukuk, Economic Growth, Trade Openness |
| spellingShingle | Suriani Suriani Raja Masbar Maulidar Agustina Athalla Daffa Khairul Do Global Green Sukuk affect on Climate Change? Evidence in Issuing Countries International Journal of Energy Economics and Policy Green Economy, Climate Change, Global Green Sukuk, Economic Growth, Trade Openness |
| title | Do Global Green Sukuk affect on Climate Change? Evidence in Issuing Countries |
| title_full | Do Global Green Sukuk affect on Climate Change? Evidence in Issuing Countries |
| title_fullStr | Do Global Green Sukuk affect on Climate Change? Evidence in Issuing Countries |
| title_full_unstemmed | Do Global Green Sukuk affect on Climate Change? Evidence in Issuing Countries |
| title_short | Do Global Green Sukuk affect on Climate Change? Evidence in Issuing Countries |
| title_sort | do global green sukuk affect on climate change evidence in issuing countries |
| topic | Green Economy, Climate Change, Global Green Sukuk, Economic Growth, Trade Openness |
| url | https://econjournals.com/index.php/ijeep/article/view/14987 |
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