Impact of Green bond on renewable energy transition

Authors

  • Luu Hanh Nguyen
    University of Economics and Business, Vietnam National University, Hanoi, VN
  • Ha Thu Le
    University of Economics and Business, Vietnam National University, Hanoi, VN

DOI:

10.46223/HCMCOUJS.econ.en.15.3.3322.2025

Keywords:

CO2 emissions; green bond; renewable energy; sustainable finance

JEL Classification:

G230; G380; Q430; Q560

Abstract

This study examines the influence of green bond issuance on renewable energy consumption across 192 countries from 2007 to 2021. The findings reveal a promoting effect of green bond issuance on renewable energy transition, suggesting that green bonds serve as an effective financial mechanism for mobilizing private capital investment in renewable energy projects. This research contributes novel insights into the efficacy of green bonds in driving renewable energy utilization, particularly in countries with higher CO2 emissions. The results underscore the importance of expanding green bond issuance to support the transition towards renewable energy sources and suggest policy interventions to encourage their utilization, including the implementation of supportive frameworks and government incentives to attract private investment and accelerate sustainable development efforts.

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References

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Received: 23-03-2024
Accepted: 14-08-2024
Published: 18-10-2024

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How to Cite

Nguyen, L. H., & Le, H. T. (2024). Impact of Green bond on renewable energy transition. HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, 15(3), 136–159. https://doi.org/10.46223/HCMCOUJS.econ.en.15.3.3322.2025

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Copyright (c) 2024 Luu Hanh Nguyen; Ha Thu Le

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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.