The Relationship among Climate Change Vulnerability, Fossil Fuel Energy, Economic Development, Financial Development, Institutional Quality and Population Growth in 36 Developed Countries

Authors

  • Samariddin Makhmudov Department of Finance and Tourism, Termez University of Economics and Service, Termez, Uzbekistan; & Department of Economics, Mamun University, Khiva, Uzbekistan; & Center of the Engagement of International Ranking Agencies, Tashkent State University of Economics, Tashkent, Uzbekistan,
  • Fayzulla Mirzaev Department of Combating Economic Crimes and Legalization of Criminal Proceeds, The Law Enforcement Academy of the Republic of Uzbekistan, Tashkent, Uzbekistan,
  • Nargiza Jiyanova Department of Finance and Financial Technologies, Tashkent State University of Economics, Tashkent, Uzbekistan,
  • Saydulla Rejapov Department of Finance, Alfraganus University, Tashkent, Uzbekistan,
  • Gulnoza Matyakubova Urgench State Pegagogical Institute, Urgench, Uzbekistan,
  • Otabek Saidov Department of Economics, Urgench State University, Uzbekistan,
  • Sherali Allaberganov Faculty of Socio-economic Sciences, Urgench State University, Uzbekistan.

DOI:

https://doi.org/10.32479/ijeep.22241

Keywords:

Fossil Fuel Energy, Climate Change Vulnerability, Quantile Regression, Developed Countries

Abstract

The research assesses the impact of fossil fuel energy consumption on climate change vulnerability for 36 developed nations using the time period of 2000-2022. For the empirical results, Canay (2011) fixed effects quantile regression is employed. The outcome indicates that fossil fuel energy positively and significantly impacts on climate change vulnerability across all the quantiles. These findings validate the theoretical linkage and economic intuition as well. Policy implications should consider the role of fossil fuel energy in shaping climate change policy. Furthermore, the factors such as economic development, financial development, institutional quality and population growth should be considered in the relationship between fossil fuel energy and climate change vulnerability.

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Published

2025-10-12

How to Cite

Makhmudov, S., Mirzaev , F., Jiyanova, N., Rejapov, S., Matyakubova, G., Saidov, O., & Allaberganov, S. (2025). The Relationship among Climate Change Vulnerability, Fossil Fuel Energy, Economic Development, Financial Development, Institutional Quality and Population Growth in 36 Developed Countries. International Journal of Energy Economics and Policy, 15(6), 951–959. https://doi.org/10.32479/ijeep.22241

Issue

Vol. 15 No. 6 (2025)

Section

Articles

License

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