References
- Abban, A. R., and M. Z. Hasan. 2021. Revisiting the determinants of renewable energy investment - new evidence from political and government ideology. Energy Policy 151:112184. doi:10.1016/j.enpol.2021.112184.
- Ahir, H., N. Bloom, and D. Furceri. 2022. The world uncertainty index. https://worlduncertaintyindex.com/data/.
- Alfalih, A. A., and T. B. Hadj. 2020. Foreign direct investment determinants in an oil abundant host country: Short and long-run approach for Saudi Arabia. Resources Policy 66:101616. doi:10.1016/j.resourpol.2020.101616.
- Andersson, F. N. G. 2018. International trade and carbon emissions: The role of Chinese institutional and policy reforms. Journal of Environmental Management 205:29–39. doi:10.1016/j.jenvman.2017.09.052.
- Atsu, F., and S. Adams. 2021. Energy consumption, finance, and climate change: Does policy uncertainty matter? Economic Analysis and Policy 70:490–501. doi:10.1016/j.eap.2021.03.013.
- Azarova, E., and H. Jun. 2021. Investigating determinants of international clean energy investments in emerging markets. Sustainability 13 (21):11843. doi:10.3390/su132111843.
- Azhgaliyeva, D., J. Beirne, and R. Mishra. 2022. What matters for private investment in renewable energy? Climate Policy 23 (1):1–17. doi:10.1080/14693062.2022.2069664.
- Bellakhal, R., S. Ben Kheder, and H. Haffoudhi. 2019. Governance and renewable energy investment in MENA countries: How does trade matter? Energy Economics 84:15. doi:10.1016/j.eneco.2019.104541.
- Bercu, A. M., G. Paraschiv, and D. Lupu. 2019. Investigating the energy–economic growth–governance nexus: Evidence from central and Eastern European Countries. Sustainability 11 (12):21. doi:10.3390/su11123355.
- BNEF (BloombergNEF). 2021. Climatescope 2021 report. https://global-climatescope.org/downloads/climatescope-2021-report.pdf.
- BNEF (BloombergNEF). 2022. Climatescope 2022 report. https://www.global-climatescope.org/results/.
- Borenzstein, E., J. D. Gregorio, and J. W. Lee. 1998. How does foreign direct investment affect economic growth? Journal of International Economics 45:115–35. doi:10.1016/S0022-1996(97)00033-0.
- Bose, S., K. Minnick, and S. Shams. 2021. Does carbon risk matter for corporate acquisition decisions? Journal of Corporate Finance: Contracting, Governance and Organization 70:1–24. doi:10.1016/j.jcorpfin.2021.102058.
- Caetano, R. V., A. C. Marques, T. L. Afonso, and I. Vieira. 2022. A sectoral analysis of the role of foreign direct investment in pollution and energy transition in OECD countries. Journal of Environmental Management 302:114018. doi:10.1016/j.jenvman.2021.114018.
- Carfora, A., G. Scandurra, and A. Thomas. 2021. Factors affecting official development assistance distribution. A panel investigation. Journal of Cleaner Production 304:126970. doi:10.1016/j.jclepro.2021.126970.
- Cezar, R., and O. R. Escobar. 2015. Institutional distance and foreign direct investment. Review of World Economics 151 (4):713–33. doi:10.1007/s10290-015-0227-8.
- Fan, W., and Y. Hao. 2020. An empirical research on the relationship amongst renewable energy consumption, economic growth and foreign direct investment in China, renew. Renewable Energy 146:598–609. doi:10.1016/j.renene.2019.06.170.
- Fleta-Asin, J., and F. Munoz. 2021. Renewable energy public-private partnerships in developing countries: Determinants of private investment. Sustainable Development 29:653–70. doi:10.1002/sd.2165.
- Griffin, K. B. 1970. Foreign capital, domestic savings and development. Oxford Bulletin of Economics and Statistics 32:99–112. doi:10.1111/j.1468-0084.1970.mp32002002.x.
- Hussain, J., K. Zhou, F. Muhammad, D. Khan, A. Khan, N. Ali, and R. Akhtar. 2021. Renewable energy investment and governance in countries along the belt & road initiative: Does trade openness matter? Renewable Energy 180:1278–89. doi:10.1016/j.renene.2021.09.020.
- Jandhyala, S. 2013. Property rights and international investment in information technology services. Strategic Management Journal 34 (7):877–89. doi:10.1002/smj.2032.
- Jung, J., K. Herbohn, and P. Clarkson. 2018. Carbon risk, carbon risk awareness and the cost of debt financing. Journal of Business Ethics 150 (4):1151–71. doi:10.1007/s10551-016-3207-6.
- Karpoff, J., Lott, J. R., Wehrly, E. W. 2005. The reputational penalties for environmental violations: Empirical evidence. The Journal of Law and Economics 48 (2):653–75. doi:10.1086/430806.
- Kurul, Z., and A. Yalta. 2017. Relationship between institutional factors and FDI flows in developing countries: New evidence from dynamic panel estimation. Economies 5 (2):17. doi:10.3390/economies5020017.
- Lee, C. C., X. Li, C. H. Yu, and J. Zhao. 2022. The contribution of climate finance toward environmental sustainability: New global evidence. Energy Economics 111:106072. doi:10.1016/j.eneco.2022.106072.
- Li, N., B. Shi, L. Wu, R. Kang, and Q. Gao. 2022. Climate-related development finance, energy structure transformation and carbon emissions reduction: An analysis from the perspective of developing countries. Frontiers in Environmental Science 9:778254. doi:10.3389/fenvs.2021.778254.
- Mahbub, T., M. F. Ahammad, S. Y. Tarba, and Y. Mallick. 2022. Factors encouraging foreign direct investment (FDI) in the wind and solar energy sector in an emerging country. Energy Strategy Reviews 21:100865. doi:10.1016/j.esr.2022.100865.
- Meyer, K. E., S. Estrin, S. K. Bhaumik, and M. W. Peng. 2009. Institutions, resources, and entry strategies in emerging economies. Strategic Management Journal 30 (1):61–80. doi:10.1002/smj.720.
- Nair, M., M. B. Arvin, R. P. Pradhan, and S. Bahmani. 2021. Is higher economic growth possible through better institutional quality and a lower carbon footprint? Evidence from developing countries. Renewable Energy 167:132–45. doi:10.1016/j.renene.2020.11.056.
- Nasir, M. A., T. L. Duc Huynh, and H. T. Xuan Tram. 2019. Role of financial development, economic growth & foreign direct investment in driving climate change: A case of emerging ASEAN. Journal of Environmental Management 242:131–41. doi:10.1016/j.jenvman.2019.03.112.
- Omri, A., H. Omri, S. Slimani, and F. Belaid. 2022. Environmental degradation and life satisfaction: Do governance and renewable energy matter? Technological Forecasting and Social Change 175:11. doi:10.1016/j.techfore.2021.121375.
- Ren, S., Y. Hao, and H. Wu. 2022. The role of outward foreign direct investment (OFDI) on green total factor energy efficiency: Does institutional quality matters? Evidence from China. Resources Policy 76:102587. doi:10.1016/j.resourpol.2022.102587.
- Safiullah, M., M. N. Kabir, and M. D. Miah. 2021. Carbon emissions and credit ratings. Energy Economics 100:105330. doi:10.1016/j.eneco.2021.105330.
- Sarkodie, S. A., and V. Strezov. 2019. Effect of foreign direct investments, economic development and energy consumption on greenhouse gas emissions in developing countries. Science of the Total Environment 646:862–71. doi:10.1016/j.scitotenv.2018.07.365.
- Simionescu, M., M. R. Szeles, B. Gavurova, and U. Mentel. 2021. The impact of quality of governance, renewable energy and foreign direct investment on sustainable development in Cee Countries. Frontiers in Environmental Science 9:1–15. doi:10.3389/fenvs.2021.765927.
- University of Notre Dame. 2021. ND-GAIN Country index. Notre Dame Global Adaptation Initiative.
- Wang, Q. J., G. F. Feng, H. J. Wang, and C. P. Chang. 2022. The influence of political ideology on greenhouse gas emissions. Global Environmental Change 74:102496. doi:10.1016/j.gloenvcha.2022.102496.
- Williamson, O. E. 2000. The new institutional economics: Taking stock, looking ahead. Journal of Economic Literature 38 (3):595–613. doi:10.1257/jel.38.3.595.
- Wooldridge, J. M. 1996. Estimating systems of equations with different instruments for different equations. Journal of Econometrics 74 (2):387–405. doi:10.1016/0304-4076(95)01762-3.
- World Bank, 2022. World governance indicators. https://info.worldbank.org/governance/wgi/Home/Documents.
- Wu, X., A. Pan, and Q. She. 2021. Direct and indirect effects of climate aid on carbon emissions in recipient countries. Journal of Cleaner Production 290:125204. doi:10.1016/j.jclepro.2020.125204.
- You, W., Y. Zhang, and C.-C. Lee. 2022. The dynamic impact of economic growth and economic complexity on CO2 emissions: An advanced panel data estimation. Economic Analysis and Policy 73:112–28. doi:10.1016/j.eap.2021.11.004.
- Zhang, D., M. Mohsin, and F. Taghizadeh-Hesary. 2022. Does green finance counteract the climate change mitigation: Asymmetric effect of renewable energy investment and R&D. Energy Economics 113:106183. doi:10.1016/j.eneco.2022.106183.
- Zheng, M., Q. Du, and Q.-J. Wang. 2023. Nexus between green finance and renewable energy development in China. Emerging Markets Finance and Trade 59 (4):1205–18. doi:10.1080/1540496X.2022.2119811.