Climate Finance Determinants and The Moderating Effect of Regulation in ASEAN
DOI:
https://doi.org/10.61141/pabean.v8i2.851Keywords:
Climate finance, determinants, regulationAbstract
Main Purpose - The purpose of this study is to examine the impact of governance and financial distress on climate funding in ASEAN countries, as well as how regulation influences this relationship..Method - This study employs a quantitative approach with secondary data from several official sources and use moderated regression analysis (MRA) techniques..Main Findings - The research findings indicate that governance has a major positive impact on climate. Good governance procedures boost the confidence of international investors and donors, facilitating the flow of climate cash. In contrast, financial suffering has a negative effect, which means that growing it diminishes the country's ability to attract and handle climate fund. Theory and Practical Implications - These findings suggest that robust environmental legislation can mitigate and strengthen the impact of governance and financial crises on climate finance. Regulation boosts governance's contribution to climate finance to 27.89 percent and financial distress to 28.04 percent. Novelty - This underlines the significance of improving ASEAN countries' governance and regulatory systems in order to optimize the flow of climate funding. This study also emphasizes the need to diversify financing sources and increase fund management capacity in order to improve the effectiveness of climate finance.References
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