NEXUS BETWEEN RENEWABLE ENERGY EFFICIENCY, FINANCIAL LITERACY, AND GREEN MICROFINANCE: THE CASE OF WOMEN MICROFINANCE GROUP
NEXUS BETWEEN RENEWABLE ENERGY EFFICIENCY, FINANCIAL LITERACY, AND GREEN MICROFINANCE: THE CASE OF WOMEN MICROFINANCE GROUP
Author(s): Min-Sun Kim, Andrian Dolfriandra Huruta, Cheng-Wen LeeSubject(s): Gender Studies, Micro-Economics, Energy and Environmental Studies, Human Resources in Economy, Green Transformation
Published by: Ekonomski fakultet, Univerzitet u Tuzli
Keywords: women microfinance group; green microfinance; renewable energy efficiency; financial literacy; PLS-SEM;
Summary/Abstract: This study aims to investigate the role of financial literacy in green microfinance investment in women's microfinance groups. It considers renewable energy efficiency and financial literacy as factors that influence green microfinance. The study's main goal is to examine the direct and indirect relationships among these three factors. The findings suggest that a pro-climate (SDG 13) policy in response to energy efficiency (SDG 7) is supported by pro-local knowledge-based financial inclusion (SDG 4). Energy efficiency, climate action, and local knowledge-based financial inclusion are seen as policy options to reduce poverty in rural areas in East Sumba.
Journal: Economic Review: Journal of Economics and Business
- Issue Year: 22/2024
- Issue No: 1
- Page Range: 47-58
- Page Count: 12
- Language: English
