| Abstract : | The aim of this dissertation is to highlight the importance of the environmental finance and the inextricable relationship between the economic development, finance and investments with the environment. The economic growth, the finance of environmental investments and the emissions price dynamics are analyzed. Having used a panel data analysis to four groups of countries, several empirical findings have been raised concerning the CO2 emissions; (i) an N-shape relationship is evident between CO2 emissions and economic growth in the presence of R&D and Renewable Energy Consumption in all cases except America, where we have an inverted U-shape relationship; (ii) a negative relationship is evident between R&D and CO2 emissions; (iii) the same negative relationship is evident in the case of Renewable Energy Consumption and CO2 emissions.
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