Enhancing green economic recovery through green bonds financing and energy efficiency investments

Linhai Zhao, Ka Yin Chau, Trung Kien Tran, Muhammad Sadiq, Nguyen Thi My Xuyen and Thi Thu Hien Phan

Economic Analysis and Policy, 2022, vol. 76, issue C, 488-501

Abstract: This study investigates the effect of green-bond financing on energy efficiency investment for green economic recovery. The fuzzy Analytic Hierarchy Process (AHP) technique was used to achieve the research objective. The study’s findings showed that green bonds are currently the primary financing source for energy efficiency projects, enhancing economic growth by 4.9% and potentially increasing green economic recovery by approximately 17% per annum. The fuzzy analysis technique and alternative models of fuzzy modeling were applied in this study. An alternative to project-based financing is energy performance contracts (EPCs). Green bonds also invest in public and private funds for energy efficiency and economic growth. Alternatively, such bonds may finance environmental initiatives or companies. Testing energy-efficiency projects with low payback rates may be expensive. Expanding the green economy through green bonds is essential for financing to successfully promote energy efficiency finance and green growth. This study also has policy implications for stakeholders.

Keywords: Green economic recovery; Energy efficiency investment; Green bonds; Economic growth; Fuzzy AHP (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (74)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:76:y:2022:i:c:p:488-501

DOI: 10.1016/j.eap.2022.08.019

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