Renewable energy consumption and carbon dioxide emissions in Ghana: the effect of financial strength of listed financial institutions

What is it about?

Little is known about how the financial strength of financial institutions influences renewable energy consumption and carbon dioxide emissions in the fight against climate change. This study did this investigation for the Ghanaian economy and found that return on equity reduces renewable energy consumption and increases carbon dioxide emissions. Also, credit risk management and asset quality positively influence renewable energy consumption but reduce carbon dioxide emissions in Ghana.

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