Makun, Keshmeer and Sami, Janesh and Chand, Ronal (2024) Renewable Energy Consumption, Financial Development, and Environmental Sustainability in Paci� c Island Economies. Asia Pacific Sustainable Development Journal, 31 (1). pp. 95-115. ISSN 2617-8419
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The present paper reviews the effects of renewable energy consumption, economic development and financial development on environmental sustainability in the Pacific. A non-stationary panel data modelling framework is used to investigate the effects in a balanced sample of six major small island economies from 1990 to 2020. The findings reveal that renewable energy consumption improves environmental sustainability and economic development and financial development worsen it. Accordingly, the findings suggest that enhancing environmental sustainability in the Pacific requires significant financial sector reforms, adoption of sustainable development practices and investment in renewable energy infrastructure in the Pacific.
| Item Type: | Journal Article |
|---|---|
| Uncontrolled Keywords: | climate change, environmental sustainability, financial development, renewable energy, the Pacific |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | School of Accounting, Finance and Economics (SAFE) |
| Depositing User: | Nirma Narayan |
| Date Deposited: | 22 Jan 2025 22:23 |
| Last Modified: | 22 Jan 2025 22:23 |
| URI: | https://repository.usp.ac.fj/id/eprint/14784 |
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