Asymmetric impact of green bonds on energy efficiency: Fresh evidence from quantile estimation

Lei Chang, Mukan Moldir, Yuan Zhang and Raima Nazar

Utilities Policy, 2023, vol. 80, issue C

Abstract: This article examines the asymmetric green bonds-energy efficiency nexus in the top ten green bond issuer countries. Quantile-on-Quantile approach is applied, which permits the exploration of the time-series interdependence in each economy individually to give worldwide yet nation-specific details about the association between the variables. The estimates show that green bond financing boosts energy efficiency in our selected nations at various quantiles of data distribution. Furthermore, the findings show that the levels of asymmetries between the variables vary by nation, emphasizing the significance of governments paying particular consideration when enacting green financing and energy efficiency measures.

Keywords: Green finance; Green bonds; Quantile-on-Quantile estimation (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (28)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0957178722001382
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:80:y:2023:i:c:s0957178722001382

DOI: 10.1016/j.jup.2022.101474

Access Statistics for this article

Utilities Policy is currently edited by Beecher, Janice

More articles in Utilities Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().