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Open access Sep 2026

Does Financial Development Reduce Carbon Intensity? Evidence of a Weak Nexus in OECD Economies, 2005–2021

The belief that financial development funds the green transition underpins major climate-policy initiatives, yet the empirical literature reports mixed evidence on the financial development–emissions relationship. This study tests whether financial development systematically reduces carbon intensity in the setting wher...

H. Tutar, Dalia Štreimikienė · 0 citations
Open access Sep 2026

Who pays for rearmament? Budget re-compositing and fiscal expansion in the European Union

Russia’s full-scale invasion of Ukraine altered European security priorities, but a higher defense share does not by itself establish cuts elsewhere. This study ex-amines all ten functions of government in the EU-27 using Eurostat data for 2005–2024. Exact budget shares are paired with percentage-of-GDP outcomes, a pos...

H. Tutar, Mu-Sa Gun, Jana Firstová et al. · 0 citations
Open access Aug 2026

Designing effective climate policy: Sectoral approaches to energy-related carbon reduction strategies

Aggregate emission reductions can conceal a redistribution of climate-policy burdens across sectors. This study reanalyses published EU27 Kaya indices and sectoral emission shares for 1990-2022 to ask whether economic-environmental decoupling has been accompanied by a shift toward harder-to-abate activities. The extens...

H. Tutar, Dilek Baykal · 0 citations
Jul 2026

Sustainability Policy Uncertainty, Energy Transition, and Carbon Intensity: Implications for SDG 7 and SDG 13

This study investigates how Environmental, Social, and Governance Uncertainty (ESGU) relates to carbon intensity across 24 economies observed annually from 2003 to 2024, a question situated at the intersection of Sustainable Development Goals 7 and 13. ESG‐related uncertainty has been studied mainly in financial ma...

H. Tutar, Dalia Štreimikienė · 0 citations

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