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<p>The term green environment has gained weight in recent studies due to the fear of the effect of global warming on the ecosystem. Therefore, this study employed the mediation analysis method to examine the mediation role of renewable energy in enhancing the green environment in Ghana. The study aims to explore whether the mediation role of renewable energy helps to mitigate carbon emissions. The data for the study is from 1990 to 2022. The study’s outcome indicated that financial inclusion reduces the use of renewable energy while renewable energy use promotes environmental sustainability through carbon emissions mitigation. However, economic growth, foreign direct investment, and trade openness do not significantly affect renewable energy use. The indirect impact revealed that financial inclusion has a positive and significant indirect effect on carbon emissions through renewable energy use. The result implies that financial inclusion does not promote environmental sustainability. Therefore, it is recommended that governments should encourage education on green finance and motivate green investments.</p>

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Enhancing Green Environment Through Carbon Mitigation: the Mediation Role of Renewable Energy

  • 期刊论文

  • 发表日期：

    2025年3月22日

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  • Justice Gyimah,
  • Ogochukwu Nneka Uchenwoke,
  • Carlos Nehemias Maposse,
  • George Nyantakyi

摘要

The term green environment has gained weight in recent studies due to the fear of the effect of global warming on the ecosystem. Therefore, this study employed the mediation analysis method to examine the mediation role of renewable energy in enhancing the green environment in Ghana. The study aims to explore whether the mediation role of renewable energy helps to mitigate carbon emissions. The data for the study is from 1990 to 2022. The study’s outcome indicated that financial inclusion reduces the use of renewable energy while renewable energy use promotes environmental sustainability through carbon emissions mitigation. However, economic growth, foreign direct investment, and trade openness do not significantly affect renewable energy use. The indirect impact revealed that financial inclusion has a positive and significant indirect effect on carbon emissions through renewable energy use. The result implies that financial inclusion does not promote environmental sustainability. Therefore, it is recommended that governments should encourage education on green finance and motivate green investments.