Impact of financial markets on clean energy investment: A comparative analysis of the United States and Nigeria
1 Energy and Environmental law and policy, Georgetown University law center Washington, DC, United States of America.
2 Independent Researcher, Ohio, USA.
Review
International Journal of Scholarly Research in Multidisciplinary Studies, 2024, 04(02), 008–024.
Article DOI: 10.56781/ijsrms.2024.4.2.0029
Publication history:
Received on 21 February 2024; revised on 31 March 2024; accepted on 03 April 2024
Abstract:
This comparative analysis explores the impact of financial markets on clean energy investment in two distinct contexts: the United States and Nigeria. As the world increasingly seeks sustainable energy solutions to combat climate change, understanding the dynamics of financial markets and their influence on clean energy investment becomes crucial. Through a comparative lens, this study examines the differences and similarities in the financial landscapes of these two countries and evaluates how these factors shape investment patterns in clean energy. The United States represents a developed economy with well-established financial markets and robust investment infrastructure, while Nigeria serves as a case study of an emerging market grappling with developmental challenges and evolving financial systems. By analyzing data on investment flows, regulatory frameworks, and market conditions, this study aims to provide insights into the role of financial markets in driving or hindering clean energy investment. Factors such as access to capital, government policies, risk perception, and investor preferences will be examined to understand their impact on investment decisions in the clean energy sector. Additionally, the study will explore the role of international financing mechanisms and the influence of global trends on clean energy investment in both countries. By comparing the experiences of the United States and Nigeria, this research seeks to identify best practices and lessons learned that can inform policies aimed at promoting clean energy investment in diverse economic contexts. Ultimately, the findings of this study aim to contribute to the development of strategies that enhance the role of financial markets in accelerating the transition towards a sustainable energy future, while addressing the unique challenges and opportunities faced by different countries in this endeavor.
Keywords:
Clean Energy; Finance; Market; USA; Nigeria; Investment
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