Journal Article

From Desert to Oasis: Empowering Sahel's Prosperity Through Green Finance

Rozaini, Rosli, Balogun, Friday Barnabas, Dhakir, Ali Abbas

2024

Overview

The role of green and sustainable finance is crucial as the global economy, marked by increasing energy demands and environmental concerns, the need for creative solutions to meet humans need and create a better future for all, transitions towards a low-carbon, sustainable, and resilient future. This study examines the impact of green finance on the economic prosperity of the Sahel from 2001 – 2022. Descriptive statistics, boxplots, cointegration tests, and Vector Error Correction Model (VECM) analysis, were utilized to explore the interplay between the variables with the aid of EViews software. The results reveal the growth patterns of GDP, EGLC, POP, INFL, CO2 and FDI, and their significance in driving economic expansion in the Sahel. This study concludes with actionable insights and recommendations for Sahel policymakers to address energy poverty, energy transition, demographic trends, climate change, investments, financing, institutional quality, and other economic issues.

• Publisher: Adonis & Abbey Publishers,Adonis & Abbey Publishers Ltd
• Subject: Carbon dioxide / Carbon footprints / Climate change / Demographic change / Demographics / Economic conditions / Economic expansion / Economics / Empowerment / Energy / Energy consumption / Energy poverty / Energy shortages / Energy transition / Error correction & detection / Finance / Financing / Foreign investment / Global economy / Globalization / Green economy / Green finance / Impacts / Institutional investments / Investments / Policy making / Poverty / Quality management / Sahel region / Statistics / Sustainability / Sustainable development / Sustainable finance / VECM analysis