Performance of green finance: An evaluation of the OIC countries in the scope of 2030 Sustainable Development Goals

Basit Öğe Kaydı
dc.authorid0000-0002-1734-5174
dc.authorid0000-0003-0699-5371
dc.authorid0000-0002-7950-1961
dc.contributor.authorKazak, Hasan
dc.contributor.authorRahman, Mohammad Mafizur
dc.contributor.authorAkcan, Ahmet Tayfur
dc.contributor.authorCetintas, Halit Buluthan
dc.contributor.authorKocyigit, Nezahat
dc.contributor.authorKilic, Cuneyt
dc.date.accessioned2026-02-03T12:02:45Z
dc.date.available2026-02-03T12:02:45Z
dc.date.issued2025
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractThis study investigates the role of green finance (GF) in mitigating the carbon ecological footprint (CEF) in the member states of the Organization of Islamic Cooperation (OIC) during 2000-2022. Employing annual panel data and drawing on a Fourier function-based panel estimation framework, the study examines whether GF can sufficiently minimize environmental pressures and achieve the objectives of sustainable development. Empirical findings indicate that GF is statistically significant and negatively affects CEF, i.e., greater financial resources directed toward green investment help reduce environmental pressures. Furthermore, it is established that economic growth, merchandise exports, and private domestic credit are positively associated with an increase in CEF, suggesting a likely trade-off between economic development and sustainability. The results are robust across different model specifications and underscore the importance of incorporating GF instruments into national and regional policy plans. The paper provides major policy suggestions for OIC members, emphasizing that strengthening GF mechanisms and promoting innovative financial instruments will facilitate progress toward the 2030 Sustainable Development Goals while minimizing ecological risks.
dc.identifier.doi10.1016/j.enpol.2025.114838
dc.identifier.issn0301-4215
dc.identifier.issn1873-6777
dc.identifier.scopus2-s2.0-105013839395
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.enpol.2025.114838
dc.identifier.urihttps://hdl.handle.net/20.500.12428/34857
dc.identifier.volume207
dc.identifier.wosWOS:001573766400002
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherElsevier Sci Ltd
dc.relation.ispartofEnergy Policy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WOS_20260130
dc.subjectGreen finance
dc.subjectCarbon ecological footprint
dc.subjectSustainable development
dc.subjectPanel data
dc.subjectFourier analysis
dc.subjectOIC countries
dc.titlePerformance of green finance: An evaluation of the OIC countries in the scope of 2030 Sustainable Development Goals
dc.typeArticle

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