 Role of green bonds in energy transition and environmental sustainabilityFarid Ullah, Qianjin Lu, Chen Jie and Mirzat Ullah () Energy, 2026, vol. 342, issue C Abstract: This research aims to assess the nexus between green bonds, environmental sustainability and energy transition in BRICS-Plus countries using annual data from 2000 to 2023. Specifically, the study examines the impact of green bonds issued to support clean energy sources including geothermal, solar, hydropower, and wind power, alongside key macroeconomic indicators such as quality of financial institutions, population and national income. Using multiple estimation methods, this study found multifaceted relationships among the underlined variables. This study demonstrates that green bonds are the potential driver of clean energy initiatives, with 1 % increase in issuance accelerating the transition by 1.5 %. Green bonds are shown to stimulate clean energy investments that contribute to reduction in carbon emissions. This study offers valuable policy insights for investors and regulators to support sustainable practices and optimize the allocation of financial resources. Keywords: Green bonds; Clean energy; Carbon emission; Macroeconomic indicators; BRICS-Plus (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:energy:v:342:y:2026:i:c:s0360544225052776 DOI: 10.1016/j.energy.2025.139635 Access Statistics for this article Energy is currently edited by Henrik Lund and Mark J. Kaiser More articles in Energy from Elsevier |
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