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Impact of Green bond on renewable energy transition

Author

Listed:
  • Luu Hanh Nguyen

    (University of Economics and Business, Vietnam National University, Hanoi, Vietnam)

  • Ha Thu Le

    (University of Economics and Business, Vietnam National University, Hanoi, Vietnam)

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.

Suggested Citation

  • Luu Hanh Nguyen & Ha Thu Le, 2025. "Impact of Green bond on renewable energy transition," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 15(3), pages 136-159.
    • Handle: RePEc:bjw:econen:v:15:y:2025:i:3:p:136-159
    DOI: 10.46223/HCMCOUJS.econ.en.15.3.3322.2025
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    More about this item

    Keywords

    CO2 emissions; green bond; renewable energy; sustainable finance;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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