Özet:

Abstract The study aims to analyze the Financial Development, Economic Development, Governance, and consumption of Fossil Fuels impact on Environmental Quality. Panel data of 40 developing countries for the period of 1996-2019 were examined by applying the System Generalized method of moments (GMM) technique of Blundell and Bond (1998). The results show that financial and economic development in developing countries is at the stake of environmental degradation. The governance impact is negative but low compared to other variables in the study, which shows that governance in these developing economies is not up to the mark and needs continuous improvement to maximize the impact of governance on environmental quality. Fossil fuels consumption in the sample countries showed a devastating effect on environmental quality. Financial reforms are needed to encourage and give incentives to the firms to adopt environmentally friendly technologies, which will result in development in a more sustainable way in developing economies. Easy access to low-interest loans in developing economies will help farmers and live stockholders to adopt new technologies and rethink their approaches to using fertilizers and livestock production to mitigate the emissions of CH4 and N2O. Renewable energy sources (solar panel-generated energy in industries and households, electric cars, etc.) in these developing economies will help to tackle the increase in greenhouse gases emissions because of fossil fuel consumption. Downloads Download data is not yet available. Author Biographies Abdul Qayyum Khan, Department of Management Sciences, COMSATS University Islamabad, WAH Campus, Pakistan. Associate Professor Department of Management Sciences COMSATS University Islamabad Wah Campus Muhammad Yar Khan, Department of Management Sciences, COMSATS University Islamabad, WAH Campus, Pakistan. Assistant Professor Department of Management Sciences COMSATS University Islamabad Wah Campus Downloads FULL TEXT Published 2023-05-17 How to Cite Jamil, S., Khan, A. Q., & Khan, M. Y. (2023). Financial Development Consequences on the Quality of the Environment: A Case of Developing Countries. International Journal of Energy Economics and Policy, 13(3), 325–333. https://doi.org/10.32479/ijeep.14282 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 3 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Make a Submission Make a Submission Dergi Kapağı

Anahtar Kelimeler: