Examining the Effect of Banks Facilities on Reducing CO2 Emissions Among Middle Eastern and North African Countries, the MENA Region

Subject Areas : Environmental Economics

Vida Varahrami ^{1 *} , zahra abedi ² , faezeh sadeghian ³

1 - Assistant Professor, Faculty of Economics and Politics, University of Shahid Beheshti, Tehran, Iran, *(Corresponding Author)
2 - Assistant Professor, Science and Research University, Islamic Azad University, Tehran, Iran
3 - M.Sc., Economics, Science and Research University, Islamic Azad University, Tehran, Iran

Received: 2018-12-03 Accepted : 2019-03-06 Published : 2020-11-21

Keywords: Agricultural sector facilities, Financial Development, Carbon Dioxide Emissions, Environmental pollution, Industrial sector facilities,

Abstract :

Background and Objective: Since economic activities, especially energy-intensive activities are one of the most important environmental pollutants in developing countries and the MENA region. Therefore, considering the importance of the subject, this study seeks to examine the effect of banks facility facilities on reducing CO2 emissions in Middle East and North Africa, known as the Mena region for the period 2016-2000. Method: This paper used Panel data. The results of the static panel model estimation that carbon dioxide emissions as an indicator of environmental pollution as a dependent variable are considered, shows that the coefficients of all variables are significant at high levels in the long run, their symptoms are expected and in accordance with the theoretical foundations of the subject. Findings: The results of estimating the panel model show that the coefficients of all variables are significant at a high level in the long run, their symptoms are expected and in accordance with the theoretical foundations of the subject. Estimated relationships, positive effect of variables; Consumption of energy and emissions, trade with carbon dioxide emissions as an indicator of environmental pollution, in other words, increase in energy consumption and emissions, trade with increasing emissions of carbon dioxide as an indicator Environmental pollution is associated. Results of a negative relationship between variables; Financial development shows payment facilities in the industrial sector and in the agricultural sector with emissions of carbon dioxide and carbon as an indicator of environmental pollution. Discussion and Conclusion: In particular, the increase in the development of financial markets, the payment facilities in the industrial sector and in the agricultural sector leads to a reduction in carbon dioxide emissions as an indicator of environmental pollution.

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