Financial deepening contributes to economic development, but its effect on the carbon intensity of production is an open empirical question. If banks finance investments in new, greener technologies, they can contribute to lowering carbon dioxide emissions per unit of output. But if they finance investments in more traditional, carbon-intensive technologies, they can contribute to increasing carbon dioxide emissions per unit of output. This paper...
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INFORMATION
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2024/10/07
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Document de travail de recherche sur les politiques
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WPS10948
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1
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2024/10/07
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Disclosed
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Financial Deepening and Carbon Emissions Intensity : Evidence from a Global Sample of Countries