Articles

Effect of Green Loan and Green Mortgage on Climate Change Mitigation in Nigeria

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Green loans and green mortgages can provide huge opportunities to tackle climate change in Nigeria by providing finance for energy efficient housing and sustainable infrastructure; supporting renewable energy uptake; and creating jobs in the green economy. However, in Nigeria there are still limited examples of green loans and green mortgages due to a lack of empirical evidence; lack awareness from stakeholders, and the necessity to develop stronger policies and regulations to improve the effectiveness of green loans and green mortgages. Therefore, the aim of this paper is to determine the impact of green loans and green mortgages as a great way of addressing climate change in Nigeria; the study explains the effect in a ex-post facto study covering the 2012 to 2024 period. The study relied on time series secondary data, and the data was collected on a quarterly basis and secondary data was obtained directly from the Statistical Bulletin provided by a number of agencies including the Central Bank of Nigeria, Nigerian Stock Exchange, National Bureau of Statistics, World Bank and International Monetary Fund, United Nations Framework Convention on Climate Change and the use of an econometric technique of the Autoregressive Distributed Lag model to analyse the data. The study found that green loans and green mortgages have positive and statistically significant effects on Nigeria’s emissions of greenhouse gases. In conclusion, the study says that green loans and green mortgages have a positive impact on climate change mitigation in Nigeria. The study puts forward a number of ways to strengthen outcomes. Policymakers should implement more robust screening and monitoring processes. The requirements for loan approvals should put emphasis on verifiable reduction of emissions targets of borrower’s projects, with the borrower to be required to report on environmental outcomes periodically.

Steering Towards Sustainable Mobility: A Holistic Examination of Public Utility Vehicle Modernization Program Impact on Commuting Public and Private School Students in the University Belt, Manila, Philippines

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The Public Utility Vehicle Modernization Program aims to create convenient, accessible, and eco-friendly electric jeepneys, commonly called “Jeepney Modernization,” for commuters in urban areas. However, the price of modernized jeepneys is costly, leaving a majority of commuters, especially students, with the burden of making enough profit to fund the program, resulting in fare increases continually. Hence, this research study aims to assess the following categories: (1) students’ perceptions of the significance of jeepneys for student commutes, (2) students’ perception of Jeepney Modernization policies and possible fare increase, and (3) students’ perceptions on their affordability of the fare increase. The researchers utilized a quantitative approach using modified survey questions adapted from existing studies. This survey was distributed to (40) college students. Specifically, (10) participants from each of the following four universities: Pamantasan Ng Lungsod ng Maynila (PLM) and Unibersidad de Manila (UDM), public schools; Far Eastern University (FEU) and University of Santo Tomas (UST), private schools. Results have shown no significant differences in students’ perspectives from public and private universities within U-Belt. This indicates that regardless of variation in academic institutions, students have similar perspectives on the significance of Jeepney usage, Jeepney modernization program policies, Fares increase, and Fares affordability. Ultimately, this research provided valuable insights regarding students’ challenges and experiences due to the recent transportation changes and could potentially aid policymakers in mitigating negative impacts.