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Do energy transition investment flows aid climate commitments?

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  • Dunbar, Kwamie
  • Treku, Daniel N.

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.

Suggested Citation

  • Dunbar, Kwamie & Treku, Daniel N., 2025. "Do energy transition investment flows aid climate commitments?," Energy Economics, Elsevier, vol. 142(C).
    • Handle: RePEc:eee:eneeco:v:142:y:2025:i:c:s0140988324008727
    DOI: 10.1016/j.eneco.2024.108163
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    More about this item

    Keywords

    Green bonds; Renewable energy; Sustainable development; Energy transition;
    All these keywords.

    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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