Predicting the future of the globe due to severe climate changes caused by the emission of human-induced gases is heated debate of this era. Paris Climate Accord (COP26) is one of the initiatives taken by the nations to achieve carbon neutrality (zero carbon) and prevent the planet from the hazardous effect of carbon emission. This study aims to examine if renewable energy consumption, green finance and eco-regulations help in reducing carbon emission in four emerging Asian economies. Utilizing the panel data from 2010 to 2021, this study applies cross sectional ARDL regression estimation to empirically examine the research issue. The findings indicate that the promotion of clean energy initiatives via renewable energy consumption, implementation of eco-regulations and utilization of green finance substantially reduce carbon emissions while enhancing a nation’s capacity to reach the objective of carbon neutrality. The findings have practical implication for the regulatory bodies to develop eco-regulations and motivate the nation towards using renewable energy in order to combat with carbon emission.

中文翻译：

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亚洲新兴经济体实现碳中和目标：清洁能源投资、生态监管和绿色金融的作用


由于人类排放的气体导致严重的气候变化，预测地球的未来是这个时代的激烈争论。巴黎气候协议（COP26）是各国为实现碳中和（零碳）并防止地球遭受碳排放危害而采取的举措之一。本研究旨在探讨可再生能源消费、绿色金融和生态监管是否有助于减少四个亚洲新兴经济体的碳排放。本研究利用2010年至2021年的面板数据，应用横截面ARDL回归估计来实证检验该研究问题。研究结果表明，通过可再生能源消费、实施生态法规和利用绿色金融来推广清洁能源举措，可以大幅减少碳排放，同时增强国家实现碳中和目标的能力。研究结果对于监管机构制定生态法规和激励国家使用可再生能源以应对碳排放具有实际意义。