AI Modelling Revisiting Relationship Between Renewable Energy Financing and Environmental Degradation

Renewable energy financing (RNEF) has turned into a major factor of sustainable development in response to the growing threat of climate change. In this paper, the effects of RNEF on the environmental degradation (END) in OECD countries during the first quarter of the year 2000 and the fourth quarter of 2024 using an advanced FES-based AI model will be analyzed. The overall conclusion is that the growth of RNEF significantly reduces END statistically as it reduces carbon emissions, which is one of the few aspects in this study that identifies the differences with other studies and contributes to the current literature. The findings offer some insights to the governments of the countries with resource-rich economies, in formulating the effective policies towards realizing the sustainable environmental goals.