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Unveiling the Role of ESG in Ensuring Low-Carbon Energy Transition

Year: 2025
Type: article
Abstract: Currently, the position of ESG in energy transition is becoming one of the hot research topics in the academia. In this context, this work studies the impact of ESG on low-carbon energy risk in the panel of 148 nations over the period 2000-2023. As an econometric tool, Method of Moments Quantile Regression is employed which is robust method for heteroscedasticity. The estimations reveal that the promotion of ESG reduces low-carbon energy risk across all the quantiles from 10% to 90%. Furthermore, sub-dimension tests are conducted using environmental, social and governance indices of ESG separately. They also show the negative impact on low-carbon energy risk. Overall, the findings are aligned with both theoretical and economic linkages.
DOI: 10.32479/ijeep.21720
Authors: Samariddin Makhmudov, Sardorbek Madaminov, Daniyor Kurbanov, Nilufar Nabiyeva, Khamid Sabirov, Nazirjon Rajabov, Maxbuba Ruzmetova
Institutions: Termez University of Economics and Service, Mamun University, Tashkent State University of Economics, Urgench State University, Kokand University, Urganch RANCH Texnologiya Universiteti, Alfraganus University
Language: English
Subfield: Finance
Open Access status: gold
Estimated APC paid: $590
OpenAlex ID: W4415089111
FWCI: 0.974
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Cited by: 1
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