Financing Renewable Energy Transition Toward Sustainable Development Goals: Policies and Economic Implications in the Era of Climate Change

Diem Thi Hong Vo and Hai Hong Trinh

Chapter 10 in Green Finance and Sustainable Development Goals, 2024, pp 269-297 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Since the Sustainable Development Goals (SDGs) were established by the United Nations in 2015, a sustainable energy transition (SET) has played a crucial role as the seventh SDG for sustainable development, climate change adaptation, and mitigation. To provide sufficient access to affordable, reliable, and modern energy services, as well as to increase the overall energy efficiency and the portion of renewable energy in the world’s energy mix, countries across the globe need appropriate policies for boosting the consumption of sustainable energy. Policies might differ for each country or region depending on its specific economic development; however, they all play a crucial role in the world’s energy transition, energy efficiency, and SDGs. This chapter provides an up-to-date framework of the determinants of financing the SET and a newly developed framework of capital mobilization for financing the SET, high-lighting the roles of green finance worldwide. Given the newly developed theoretical framework and financial development in general, we find the critical functionality of sustainable capital markets and instruments for global capital mobilization, where policy incentives play an undeniable role in the SET. This chapter provides important implications for policy-makers, non-governmental organizations, and governments in financing energy transition in the era of climate change toward the SDGs.

Keywords: Green Finance; Financial Development; ESG Performance; Climate Change; Climate-Vulnerable Asian Countries; Environmental Disclosure in Financial Institutions; Environmental; Social; and Governance Issues in Corporate Valuation; Financing Renewable Energy; Gross Ecosystem Product; Green Banking Disclosures; Climate-Related Risks; Green Banking Disclosures; Development and Impact Analysis (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/10.1142/9781800614482_0010 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9781800614482_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:9781800614482_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 ().