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Submitted
December 18, 2023
Accepted
February 11, 2025
Published
February 13, 2025
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Abstract

Sustainable development is currently not only measured by the economic growth of a country or region but goes further than that. One of them, through the stability and maintenance of the environment. This study aims to look at the relationship between green financing, economic growth, trade barriers and CO2 emissions specifically in countries that are members of the OIC cooperation. This study uses a quantitative approach with a panel data estimation model with the help of testing using the eviews 9 statistical application. Samples were used in 8 countries namely Bahrain, Bangladesh, Brunei Darussalam, Indonesia, Malaysia, Jordan, Kazakhstan, Sudan and Saudi Arabia, with sample fees using purposive example. Furthermore, data was obtained from the official website of the world bank and the Islamic Financial Service Board (IFSB). The peculiarity of this research is that it shows that environmentally friendly financing, economic growth and the rise of trading have a positive effect on CO2 emissions. The results of this study confirm that development policies in several OIC member countries have had a significant impact on pollution in these countries and the presence of Islamic banks through financing in the green economy sector has not shown an impact that can reduce CO2 emissions.

Keywords

Green FinancingEconomic GrowthTrade OpennessCO2 Emissions

Article Details

How to Cite
Herianto, Tenri Lala, A. A. T. L., & Nurpasila. (2025). Pengaruh Green Fiance, Pertumbuhan Ekonomi dan Keterbukaan Perdagangan Terhadap Emisi CO2 Bukti dari Negara Anggota OKI: The Effect of Green Fiance, Economic Growth and Trade Openness on CO2 Emissions Evidence from OIC Member Countries. Balanca : Jurnal Ekonomi Dan Bisnis Islam, 6(2), 114–126. https://doi.org/10.35905/balanca.v6i2.7895
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