Citation

Muhammad, Muhammad Abdulaziz and Abdullahi, Kamal Tasiu and Chentouf, Amine and Mijinyawa, Shehu Balarabe (2026) Financing green futures: renewable energy investment and economic growth in Germany. Issues and Perspectives in Business and Social Sciences, 6 (1). pp. 180-192. ISSN 2785-9266

Text zau,+Paper+12+-+1595+Renewable+energy+-+180-192.pdf - Published Version Restricted to Repository staff only Download (481kB)

Abstract

Global efforts to mitigate greenhouse gas emissions have been driven by increasingly evident adverse impacts of climate change. Countries are adopting renewable energy sources, such as solar, wind, hydropower, geothermal, and bioenergy, which provide cleaner alternatives to fossil fuels. Investments in renewable energy facilitate the decarbonization of the energy sector, while simultaneously stimulating the economy through job creation, technological advancement, and innovation. This study examines the relationship between renewable energy financing and economic growth in Germany. Annual time series data from 1986 to 2022 and a NonlinearAutoregressive Distributed Lag model were used. The research findings indicate a correlation between renewable energy financing and economic growth. The study indicates that a disturbance in combustible renewable energy and wastewill, according to the long-term findings, exert a negative impact of 0.21 on economic growth. In general, financing renewable energy is believed toplay a role in Germany’s economic growth. The study recommends that policymakers enhance their funding for colleges and research institutions to develop more viable ways to enhance renewable energy production and adoption.

Item Type:	Article
Uncontrolled Keywords:	Renewable energy financing, Economic growth, Greenhouse gas emissions, Sustainability, Nonlinear ARDL
Subjects:	H Social Sciences > HB Economic theory. Demography > HB75-130 History of economics. History of economic theory
Divisions:	Others
Depositing User:	Ms Suzilawati Abu Samah
Date Deposited:	08 Jul 2026 04:33
Last Modified:	08 Jul 2026 04:33
URII:	http://shdl.mmu.edu.my/id/eprint/16230

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