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Digital financial inclusion, the belt and road initiative, and the Paris agreement: Impacts on energy transition grid costs
Finance Research Letters ( IF 7.4 ) Pub Date : 2024-11-26 , DOI: 10.1016/j.frl.2024.106517
Muhammad Zubair Chishti, Xiqiang Xia, Anna Min Du, Oktay Özkan

We investigate how digital financial inclusion, the Belt and Road Initiative, and the Paris Agreement influence the energy transition grid cost. We propose two new Kendall and Spearman wavelet cross-quantile correlation methods and utilize data from June 1, 2018, to July 31, 2024. Our findings indicate that digital financial inclusion, the Paris Agreement, and artificial intelligence significantly reduce grid costs in the short and long run. Additionally, the Belt and Road Initiative has substantial potential to decrease grid costs, particularly during bullish market conditions in the long run. Conversely, GCOVOL significantly increases grid costs, especially in the long run.

中文翻译:


数字普惠金融、“一带一路”倡议和巴黎协定:对能源转型电网成本的影响



我们研究了数字普惠金融、“一带一路”倡议和《巴黎协定》如何影响能源转型电网成本。我们提出了两种新的 Kendall 和 Spearman 小波交叉分位数相关方法,并利用了 2018 年 6 月 1 日至 2024 年 7 月 31 日的数据。我们的研究结果表明,数字普惠金融、《巴黎协定》和人工智能在短期和长期内都能显著降低电网成本。此外,“一带一路”倡议在降低电网成本方面具有巨大潜力,尤其是在长期看涨的市场条件下。相反,GCOVOL 会显著增加电网成本,尤其是从长远来看。
更新日期:2024-11-26
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