Financial Inclusion and Energy Poverty of Asia and Pacific Region

Abstract

In this study is to examine the effect of financial inclusion on energy poverty in Asia &Pacific. Now a days Energy Poverty is a global issue and a lot of attention and efforts of the international community have been made to deal with this problem. In this study the collection of Secondary data from International Monetary Fund or IMF’s Financial Access Survey (2010-2020) and also control variable are collected from World Bank’s (2010-2020). Many variables are used for this analysis such ,ATM ,Borrow, Branch, Deposit ,Loan, Outstanding deposits, Energy consumption, Food production, Combustible renewables and waste, Unemployment Labor force. For the analysis and discussion using Panel root test at level and at first difference by using ADF-Fisher Model and all variables are calculated under Liner Regression model. After analysis all the financial inclusion indicators are positively impact on Energy consumption and Combustible Renewable Energy Consumption .So financial inclusion has a good effect on energy sector. Therefore, it is recommended that policymakers implement to expand financial services under lower cost as a result all nations are free from energy poverty and energy discrimination.