Assessing the role of energy finance, green policies, and investment towards green economic recovery

Haiming Liu, Yuk Ming Tang, Wasim Iqbal, Hassan Raza

Research output: Journal article publicationJournal articleAcademic researchpeer-review

Abstract

Settling a “green recovery” at the center of all economic recuperation procedures is progressively seen as the finest and as the only way nations could restore their economies. Therefore, this study assesses the role of energy finance, green policies, and investment towards green economic recovery in the USA by using a linear econometric approach and nonlinear (DSGE) model. Considering the fiscal tax-lowering rate, for instance, the study evaluates the effects of fiscal measures on local fiscal pressures in the USA regarding the pandemic. The regression analysis shows that both energy finance and green energy policies have positive and statistically significant impacts on green investment. The results from the linear econometric approach indicate that every additional state green energy policy tool adopted is associated with 1% more green investment in the USA. In addition, the findings show that green policies in human resources and R&D of green energy technologies prompt a sustainable green economy through labor and technology-oriented production activities. Implications for scholars, investors, technology managers, and policymakers are derived and discussed.

Original languageEnglish
JournalEnvironmental Science and Pollution Research
DOIs
Publication statusAccepted/In press - 2021

Keywords

  • Energy finance
  • Fiscal measures
  • Fiscal space
  • Green policies
  • Public healthcare expenses

ASJC Scopus subject areas

  • Environmental Chemistry
  • Pollution
  • Health, Toxicology and Mutagenesis

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