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ORIGINAL RESEARCH
Green Finance and Environmental Security:
Evidence from Global Perspectives
1
Business School, Hohai University, Nanjing 211100, China
2
UE Business School, Division of Management and Administrative Sciences, University of Education, Lahore, Pakistan
3
International Business School, Guangzhou City University of Technology, Guangzhou 510080, China
4
Department of Informatics and Quantitative Methods, University of Hradec Kralove, Hradec Kralove, Czech Republic
5
Department of Economics, Faculty of Informatics and Management, University of Hradec Kralove,
Hradec Kralove, Czechia
6
International Business School, Guangzhou City University of Technology, Guangzhou 510850, China
Submission date: 2024-08-31
Final revision date: 2024-12-12
Acceptance date: 2025-01-17
Online publication date: 2025-03-31
Corresponding author
Ahsan Akbar
International Business School, Guangzhou City University of Technology, 510800, Guangzhou, China
International Business School, Guangzhou City University of Technology, 510800, Guangzhou, China
KEYWORDS
TOPICS
ABSTRACT
As global economies grapple with the dual challenges of environmental degradation and sustainable
development, the role of green finance has gained increasing attention. Therefore, this study aims to
unfold the impact of green finance on environmental security. Using data from 48 countries from 2020
to 2023, this study explores how green finance initiatives, such as investments in renewable energy,
contribute to environmental stability. We collect empirical data from multiple sources, such as the World
Development Indicators and the OECD database, and employ regression analysis techniques. The results
demonstrate that renewable energy can help combat climate change by reducing carbon emissions from
electricity generation. Moreover, a noteworthy connection exists between green investment initiatives
and modified savings, suggesting a possible financial and environmental sustainability path.
CONFLICT OF INTEREST
The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.
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