 Green bonds markets and renewable energy development: Policy integration for achieving carbon neutralityYang Wang and Farhad Taghizadeh-Hesary Energy Economics, 2023, vol. 123, issue C Abstract: Considering the importance of developing renewable energy consumption to reduce the threat of climate change, this study attempts to evaluate the impacts of green bonds and the development of wind, hydro, and solar energy in a sample of 15 member economies of the Organisation for Economic Co-operation and Development (OECD). It employs the fully modified OLS (FMOLS) technique based on data from 2010 to 2020. The estimations show that issued green bonds increase wind and hydro-energy consumption in OECD countries. At the same time, green bonds do not significantly impact solar energy deployment in these economies. The central practical integrated policies recommended by this study include developing a digital green bond market, establishing a green bond issuance network (GBIN), implementing an international carbon tax policy, and planning to achieve green economic recovery through the green bond market development. Keywords: Green bonds; Green finance; Green energy resources; OECD; FMOLS estimation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:123:y:2023:i:c:s0140988323002232 DOI: 10.1016/j.eneco.2023.106725 Access Statistics for this article Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant More articles in Energy Economics from Elsevier |
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