Realizing the 2050 Paris climate agreement in West Africa: the role of financial inclusion and green investments

Realizing the 2050 Paris climate agreement in West Africa: the role of financial inclusion and green investments

Mohammed Musah, Bright Akwasi Gyamfi, Paul Adjei Kwakwa, Divine Q Agozie

International organizations have emphasized the importance of global economies supporting efforts to combat climate change. The Paris Agreement or Agenda 2050 urges nations to ensure that the increase in global temperature is limited to 1.5 °C. Studies have analyzed the factors that contribute to harmful emissions, particularly carbon dioxide emissions, in order to limit temperature rise. However, since there are other equally harmful pollutants, this study evaluates the impact of financial inclusion and green investment on reducing greenhouse gas emissions. The study uses data from West Africa, where environmental pollution has significantly increased. The study employed regression analysis while controlling for economic growth, foreign direct investment (FDI), and energy consumption. The study's key findings reveal that financial inclusion and green investment have a monotonic effect on reducing …

Academic Press

2023

https://scholar.google.com/citations?view_op=view_citation&hl=en&user=-U-tBVYAAAAJ&citation_for_view=-U-tBVYAAAAJ:zYLM7Y9cAGgC

English