Can Banks Sustain the Growth in Renewable Energy Supply? An International Evidence.
Can Banks Sustain the Growth in Renewable Energy Supply? An International Evidence.
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DOI：
10.1057/s41287-021-00492-z
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发表时间：
2023
期刊：
影响因子：
--
通讯作者：
Sarker T
中科院分区：
文献类型：
--
作者：
Choudhury T;Kamran M;Djajadikerta HG;Sarker T
面对因使用化石燃料而导致的气候变化迅速恶化，向可再生能源的过渡现已迫在眉睫。但这种向可再生能源的转变需要银行提供大量资金支持，这影响了它们的违约风险。为了应对日益增长的环境问题和银行不愿增加其在可再生能源领域的风险敞口，本研究提出了关于可再生能源在一个国家能源供应总量中所占份额与银行风险之间关系的独特而新颖的见解。为此，我们收集了2006-2017年期间来自20个国家的80家国际银行的样本数据。在此数据上，我们实现了两阶段最小二乘（2SLS）回归分析模型。我们的研究结果表明，增加可再生能源在一个国家能源供应总量中的份额可以显着降低银行的违约风险。为了检查结果的稳健性，我们进行了几项测试，这些测试也证实了我们结果的有效性。
Confronted with rapidly deteriorating climate change resulting from the use of fossil fuels, the transition to renewable energy has now become imminent. But this shift to renewable energy requires massive financial support from banks, affecting their default risk. Responding to the growing environmental concerns and reluctance among banks to increase their exposure in the renewable energy sector, this study presents unique and novel insights on the relationship between the share of renewable energy in the total energy supply of a country and banking risk. To this end, we obtained data for a sample of 80 international banks from 20 countries in the 2006–2017 period. On this data, we implemented a two-stage least squares (2SLS) regression analysis model. Our findings reveal that increasing the share of renewable energy in the total energy supply of a country significantly reduces banks’ default risk. To check the robustness of the results, we performed several tests which also endorsed the validity of our results.
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