Role of trade and green bond market in renewable energy deployment in Southeast Asia

Weijian Dong, Ying Li, Pengpeng Gao and Yunpeng Sun

Renewable Energy, 2023, vol. 204, issue C, 313-319

Abstract: The primary purpose of this paper is to investigate the effects of two variables, trade openness and the issuance of green bonds, on the consumption of renewable energy in Southeast Asian countries. Quarterly data throughout 2016–2021 in the framework of the panel data method were used for the case of 6 selected countries (Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam). The results confirmed that the issuance of green bonds is an effective green financing tool in the implementation of the development policy of the deployment of renewable energy in the countries of the Southeast Asian region. The degree of trade openness has a driving effect on increasing renewable energy consumption due to the increased possibility of transferring green technologies and increasing interactions with leading countries in the field of sustainable development. The typical standard of green bonds, green scientific network (GSN), the development of e-commerce, and the publication of digital green papers are the recommended practical policies of this research.

Keywords: Renewable energy; Green bonds; Trade openness; Panel data; Southeast Asia (search for similar items in EconPapers)
JEL-codes: C23 E44 Q41 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:204:y:2023:i:c:p:313-319

DOI: 10.1016/j.renene.2023.01.022

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