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Green Finance and Its Impact on Carbon Neutrality in ASEAN with Renewable Energy and Technological Innovation

In: GREEN FINANCE AND ENERGY TRANSITION IN ASEAN

Author

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  • C. T. Vidya

Abstract

This chapter analyzes the role of green finance, renewable energy adoption, and technological innovation in achieving carbon neutrality in ASEAN economies. I use panel data from 2000 to 2022 and a fixed effects model with Driscoll–Kraay standard errors. The study found that green bonds play a crucial role in accelerating renewable energy transitions and mitigating carbon emissions. Additionally, technological innovation and clean energy adoption played a key role in reducing carbon emissions, while trade openness was found to be insignificant and requires appropriate regulations and technology transfers to have a meaningful impact. The study underscores the need for targeted policies, including carbon pricing, regulatory reforms, and cross-border collaborations, to align economic growth with sustainability goals. Therefore, a comprehensive framework integrating finance, technology, and policy measures is required to attain carbon neutrality in the region.

Suggested Citation

  • C. T. Vidya, 2026. "Green Finance and Its Impact on Carbon Neutrality in ASEAN with Renewable Energy and Technological Innovation," World Scientific Book Chapters, in: Phoumin Han & Farhad Taghizadeh-Hesary & Fukunari Kimura & Rabindra Nepal (ed.), GREEN FINANCE AND ENERGY TRANSITION IN ASEAN, chapter 1, pages 3-28, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789819815708_0001
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    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • 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
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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