Transmission channels between financial development and CO2 emissions: A global perspective

• Published in: Heliyon Vol. 6; no. 11; p. e05509
• Main Author: Bui, Duy Tung
• Format: Journal Article
• Language: English
• Published: Elsevier Ltd 01.11.2020; Elsevier
• Subjects: Climate policy; CO2 emissions; Economics; Energy demand; Energy economics; Energy policy; Financial development; Financial economics; Income inequality; Economics; Income inequality; CO2 emissions; Financial development; Energy economics; Financial economics; Energy demand; Energy policy; Climate policy

This paper aims to investigate the direct and indirect effects of financial development on CO2 emissions, using a global sample of 100 countries from 1990 - 2012. Our main contribution to the literature lies in the identification and explanation of possible transmission channels that allow financial...