Financing or taxation? Assessing the effectiveness of carbon emissions reduction programs

dc.authoridCan, Zeynep Gizem/0000-0002-2852-4995
dc.authoridCan EMIF, Ufuk/0000-0002-5398-5769
dc.contributor.authorCan, Ufuk
dc.contributor.authorCan, Zeynep Gizem
dc.date.accessioned2026-02-27T07:33:02Z
dc.date.available2026-02-27T07:33:02Z
dc.date.issued2025
dc.description.abstractCarbon emissions are of significant concern, as they pose a growing threat to the integrity of ecological systems. This paper investigates the effectiveness of consumption-based carbon emissions reduction programs. We use an innovative quantile panel regression methodology as well as a comprehensive preliminary analysis and robustness analysis with a sample of 38 member countries of the Organization for Economic Cooperation and Development (OECD). Our empirical findings demonstrate that output and foreign trade have a significant impact on carbon emissions, thus supporting the trade-extended environmental Kuznets curve. Furthermore, environmental taxes and green finance play a pivotal role in mitigating carbon emissions, and the latter emerges as a particularly effective policy instrument. The sector-and product-specific determination of environmental taxes, coupled with the strategic channeling of green finance to clean and renewable energy sources and production processes, will catalyze advancements in environmental sustainability.
dc.identifier.doi10.1016/j.bir.2025.03.005
dc.identifier.endpage708
dc.identifier.issn2214-8450
dc.identifier.issn2214-8469
dc.identifier.issue4
dc.identifier.startpage700
dc.identifier.urihttp://dx.doi.org/10.1016/j.bir.2025.03.005
dc.identifier.urihttps://hdl.handle.net/20.500.14669/4425
dc.identifier.volume25
dc.identifier.wosWOS:001532509900005
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherElsevier
dc.relation.ispartofBorsa Istanbul Review
dc.relation.publicationcategoryMakale - Uluslararas� Hakemli Dergi - Kurum ��retim Eleman�
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20260302
dc.subjectCarbon emissions
dc.subjectEnvironmental taxes
dc.subjectGreen finance
dc.subjectPanel quantile regression
dc.subjectSustainability
dc.titleFinancing or taxation? Assessing the effectiveness of carbon emissions reduction programs
dc.typeArticle

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