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dc.contributor.authorHu, Bangyong
dc.contributor.authorAlola, Andrew Adewale
dc.contributor.authorTauni, Muhammad Zubair
dc.contributor.authorAdebayo, Tomiwa Sunday
dc.contributor.authorAbbas, Shujaat
dc.identifier.citationStructural Change and Economic Dynamics. 2023, 67 277-292.en_US
dc.description.abstractWhile Sustainable Development Goals (SDGs) 13 and 7 are increasingly being explored in climate change research, financialization remains a fundamental part of the discourse on clean and renewable energy development. This study focuses on a policy reconfiguration that may be necessary to further advance clean environment in Canada. More precisely, the research evaluates the co-movement of carbon dioxide (CO2) emissions, financial development, renewable electricity and economic growth. The data, which encompass the quarterly periods from 1984Q1 to 2021Q4, are analysed via the novel wavelet local multiple correlation method. This method is capable of capturing the effect of two or three independent variables on the dependant variable at different frequencies and periods. In this study, the results show that economic growth intensifies ecological deterioration in all periods even as renewable electricity utilisation and financial development restrict ecological deterioration in the medium and long term. Additionally, financial development and renewable electricity consumption promote economic growth in the short, medium and long term. On the basis of these findings, a policy agenda that builds on the SDGs is proposed. Although this policy framework aims to achieve the objectives of SDG 13 and 7 in Canada, it may be extended to other developed countries.en_US
dc.rightsNavngivelse 4.0 Internasjonal*
dc.subjectCO2 emissionsen_US
dc.subjectrenewable electricity consumptionen_US
dc.subjectfinancial developmenten_US
dc.subjectsustainable developmenten_US
dc.subjectenvironmental sustainabilityen_US
dc.titlePathway to cleaner environment: How effective are renewable electricity and financial development approaches?en_US
dc.typePeer revieweden_US
dc.typeJournal articleen_US
dc.rights.holder© 2023 The Author(s)en_US
dc.subject.nsiVDP::Samfunnsvitenskap: 200::Økonomi: 210en_US
dc.source.journalStructural Change and Economic Dynamicsen_US

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Navngivelse 4.0 Internasjonal
Except where otherwise noted, this item's license is described as Navngivelse 4.0 Internasjonal