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Green Finance for Energy Efficiency, Sustainable Transition, and Emission Reduction: Insights from the Top 10 Green Finance-Supporting Countries

In: ENERGY SECURITY, TRANSITION, AND ECONOMIC GROWTH

Author

Listed:
  • EHSAN RASOULINEZHAD
  • FARHAD TAGHIZADEH-HESARY

Abstract

This study examines the critical role of green energy deployment in advancing energy security, enabling energy transition, and contributing to environmentally sustainable development goals (SDGs). Utilizing the stochastic impact model (STIRPAT), which considers population, affluence, and technology, the analysis explores the relationships between CO2 emissions, energy efficiency, the green energy index (GEI), and green finance in the top ten countries supporting green finance. Results indicate that green bonds are an effective tool for promoting green energy projects and achieving substantial CO2 reduction, though no short-term causal link is observed among these variables. To foster sustainable economic growth and address environmental challenges, governments are encouraged to implement long-term policies that support private sector involvement in green energy investments.

Suggested Citation

  • Ehsan Rasoulinezhad & Farhad Taghizadeh-Hesary, 2025. "Green Finance for Energy Efficiency, Sustainable Transition, and Emission Reduction: Insights from the Top 10 Green Finance-Supporting Countries," World Scientific Book Chapters, in: Farhad Taghizadeh-Hesary & Youngho Chang & Naoyuki Yoshino (ed.), ENERGY SECURITY, TRANSITION, AND ECONOMIC GROWTH, chapter 6, pages 109-125, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789819812608_0006
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    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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