Impact Investments Through the Expansion of Renewable Energies — Macro Simulation Analyses and Overview of Green Finance Landscape of Austria

Sebastian Goers, Friedrich Schneider (), Mario Reisinger and Robert Tichler

Chapter 10 in Handbook of Environmental and Green Finance:Toward a Sustainable Future, 2024, pp 297-319 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Mitigation of climate change on the Austrian level requires efforts to reduce greenhouse gas emissions via the increased use and expansion of renewable energies. In this regard, we quantify via simulation analyses the macroeconomic effects of expanding renewable energy use in electricity and heat production in Austria. The results clearly show that these measures to combat climate change in the long term can also generate positive short- and medium-term economic effects in the form of additional economic and employment growth. The timing of these results is highly relevant given the past economic downturn due to the COVID-19 pandemic and the crisis in Ukraine. After evaluating the Austrian Green Finance sector, it becomes clear that, on the one hand, risk exposure of investors rises when financial portfolios reflect high greenhouse gas emissions and, on the other hand, Green Finance portfolios yield similar returns on investment. Credible domestic climate policies and legislation can potentially support the financing of the necessary investments.

Keywords: Green and Impact Bonds; Green Banking and Financing; Green Finance in Europe; ESG Performance; Climate Change; Climate Justice; Green Mortgages; Sustainable Transition; Renewable Energies; Green Transition in The EU (search for similar items in EconPapers)
JEL-codes: Q01 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9781800614451_0010 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9781800614451_0010 (text/html)
Ebook Access is available upon purchase.

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:wsi:wschap:9781800614451_0010

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().