Green Finance for Energy Efficiency, Sustainable Transition, and Emission Reduction: Insights from the Top 10 Green Finance-Supporting Countries
Ehsan Rasoulinezhad and
Farhad Taghizadeh-Hesary
Chapter 6 in Energy Security, Transition, and Economic Growth, 2025, pp 109-125 from World Scientific Publishing Co. Pte. Ltd.
Abstract:
This study examines the critical role of green energy deployment in advancing energy security, enabling energy transition, and contributing to environmentally sustainable development goals (SDGs). Utilizing the stochastic impact model (STIRPAT), which considers population, affluence, and technology, the analysis explores the relationships between CO2 emissions, energy efficiency, the green energy index (GEI), and green finance in the top ten countries supporting green finance. Results indicate that green bonds are an effective tool for promoting green energy projects and achieving substantial CO2 reduction, though no short-term causal link is observed among these variables. To foster sustainable economic growth and address environmental challenges, governments are encouraged to implement long-term policies that support private sector involvement in green energy investments.
Keywords: Energy Security; Energy Transition; Just Transition; Economic Growth; Green Growth; Sustainable Development; Renewable Energy; Green Finance; Climate Finance; Carbon Emissions Reduction; Carbon Markets; Energy Efficiency; Environmental Sustainability; Policy Recommendations; Regional Analyses; Country-Level Studies; Energy Intensity; Capital Efficiency; Solar Technology Adoption; Health and Pollution; Southeast Asia; Central Asia; OECD Countries; Developing Economies; Electricity Tariffs; Energy Governance; Fossil Fuel Dependency; Economic Resilience; Agricultural Energy Use; Virtual Power Plants; Energy Policies; Energy Economics; Energy Poverty; Clean Energy Transition; Financial Incentives; Global Energy Markets (search for similar items in EconPapers)
JEL-codes: O13 Q01 Q42 Q43 Q48 Q54 (search for similar items in EconPapers)
Date: 2025
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