Do energy transition investment flows aid climate commitments?

IF 13.6 2区经济学 Q1 ECONOMICS

Energy Economics Pub Date : 2024-12-25 DOI:10.1016/j.eneco.2024.108163

Kwamie Dunbar, Daniel N. Treku

引用次数: 0

Abstract

The transition to renewable energy is critical in meeting global climate commitments, particularly those outlined in the Paris Agreement and the United Nations Sustainable Development Goals. This study examines the influence of energy transition investment (ETI) flows on the issuance of green bonds in the green finance market. Green bonds fund sustainable projects and align investments with environmental goals. Our research reveals a positive correlation between ETI flows and the volume of green bonds issued, indicating that increased investments in energy transitions spur the growth of green bond markets. This relationship underscores the significance of impact investments in advancing the green finance market and supporting climate-resilience initiatives. Our findings suggest that fostering ETI flows can significantly enhance green bond issuances, thereby promoting sustainable development. Policymakers should consider these insights when designing effective strategies to incentivize impact investments, which are pivotal in achieving long-term environmental and economic sustainability.

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能源转型投资是否有助于气候承诺？

向可再生能源过渡对于履行全球气候承诺，特别是《巴黎协定》和联合国可持续发展目标中概述的承诺至关重要。本研究考察了绿色金融市场中能源转型投资（ETI）流动对绿色债券发行的影响。绿色债券为可持续项目提供资金，并使投资与环境目标保持一致。我们的研究表明，ETI流量与绿色债券发行量之间存在正相关关系，表明能源转型投资的增加刺激了绿色债券市场的增长。这种关系凸显了影响力投资在推进绿色金融市场和支持气候适应倡议方面的重要性。研究结果表明，促进ETI流动可以显著促进绿色债券的发行，从而促进可持续发展。政策制定者在设计有效战略以激励影响投资时应考虑这些见解，影响投资对于实现长期环境和经济可持续性至关重要。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Energy Economics ECONOMICS-

CiteScore

18.60

自引率

12.50%

发文量

524

期刊介绍： Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.