Assessing the impact of cleaner bonds on clean energy expenditure for sustainable economic recovery: A fuzzy analytical approach

Abstract

This research evaluates the impact of investing in cleaner bonds on funding clean energy initiatives, pivotal for sustainable economic recovery. The study seeks to assess the efficacy of cleaner bonds in fostering environmentally friendly projects and propelling economic growth and applies fuzzy analytical hierarchy process to examine the findings. Findings suggest that cleaner bonds potentially increase clean energy expenditures by an average growth rate of 4.9 % per year, significantly enhancing economic resilience. Additionally, these bonds are shown to accelerate the revitalization of green economies by approximately 17 % annually. The research underscores the role of energy performance contracts as viable alternatives to conventional project financing, through the application of various modelling tools and fuzzy analyses. It also discusses the strategic allocation of public and private funds into cleaner bond investments to accelrate economic sustainability and energy conservation. This study highlights the essential nature of cleaner bonds for entities and environmental groups aiming to secure funding for long-term projects, stressing the importance of expanding the sustainable economy through green bond issuances for eco-friendly and energy-efficient developments. Furthermore, the research recommends implications for stakeholders to diligently consider the legal aspects associated with these investments.