RETRACTED ARTICLE: Is green finance a motivator for energy transformation investments in the OECD?

Yuecheng Xu () and Yunfei Cai ()
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Yuecheng Xu: Zhejiang Guangsha Vocational and Technical University of Construction
Yunfei Cai: Shanghai Normal University

Economic Change and Restructuring, 2024, vol. 57, issue 3, No 28, 15 pages

Abstract: Abstract This study examines the impact of green financial policies, specifically green bonds and green credit, on investments in green energy across 23 OECD (The Organization for Economic Co-operation and Development) member countries from 2010 to 2021. Analyzing panel data using CUP-FM analysis, it finds that both green bonds and green credit significantly foster investments in green resource projects, with green bonds showing greater sensitivity. Conversely, green fiscal policies, particularly green taxes, prove ineffective and sometimes counterproductive. The research highlights a positive correlation between increased investments in green resources, growth in green economies, and sustainable utilities trade, while emphasizing the detrimental effect of public health costs on green project development. The study underscores the importance of appropriate policies to promote investments in renewable resources, spanning green finance, green fiscal policies, green economic growth, and sustainable utilities trade.

Keywords: Renewable transition; Green financing mechanism; Green project; OECD (search for similar items in EconPapers)
JEL-codes: C23 N51 Q20 Q25 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s10644-024-09705-x

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