Green finance crucial for sustainable growth in Asia

Many countries in Asia face the challenge of combining economic growth with the achievement of international climate targets and sustainable development. In his research, Abbass focuses on which economic policy measures and financial instruments can help these countries advance both the environment and the economy. In doing so, he looks primarily at green finance, renewable energy, financial inclusion, technological innovation and fiscal policy.

Incentive-based fiscal policy

One of his key findings is that green finance can be a practical and effective tool. The research shows that countries which combine green finance with incentive-based and coherent fiscal policy and investments in renewable energy can significantly reduce their CO₂ emissions whilst simultaneously promoting economic development. He also demonstrates that countries that remain heavily dependent on the extraction of natural resources and fossil fuels place a greater strain on the environment than countries that invest in clean technologies and renewable energy.

About Kashif Abbass

Kashif Abbass (Muzaffargarh, Pakistan, 1991) successfully defended his thesis, Decarbonising Asian Economies: The Role of Natural Resource Dependence, Fiscal Policy, Financial Inclusion, and Green Finance in Advancing Environmental Sustainability, on 28 May 2026 at the Faculty of Science at the Open University in Heerlen. His supervisor is Prof. Dr N. Roijakkers and his co-supervisor is Dr C. Voinea.