Study Links Financial Globalization to Increased Green Investment
1 report, 1 independent
Updated Tue 00:00
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What happened
A study examining 41 of the world’s largest carbon-emitting economies over two decades found a strong association between financial globalization and environmentally sustainable investment. The research estimates that a 1% increase in financial globalization is linked to a 3.14% increase in long-run green investment and a 2.81% increase in the short run.
From newswise.com
Why it matters
The findings suggest that international financial markets can actively direct financial resources toward cleaner technologies and renewable energy. The research also found that higher GDP levels and advances in information and communication technology support increased green investment over the longer term.
From newswise.com