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Energy Efficiency

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01.02.2022 | Original Article

Role of green finance in improving energy efficiency and renewable energy development

verfasst von: Ehsan Rasoulinezhad, Farhad Taghizadeh-Hesary

Erschienen in: Energy Efficiency | Ausgabe 2/2022

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Abstract

Deploying green energy is, directly and indirectly, related to energy- and environment-related sustainable development goals (SDGs). This study uses the stochastic impact by regression on the population, affluence, and technology (STIRPAT) model to examine the relationship between CO₂ emissions, energy efficiency, green energy index (GEI), and green finance in the top ten economies that support green finance. The results show that green bonds are a suitable method to promote green energy projects and reduce CO₂ emissions significantly. At the same time, there is no causal linkage between these variables in the short term. Therefore, to achieve sustainable economic growth for environmental issues, governments should implement supportive policies with a long-term approach to boost private participation in the investment of green energy projects. This policy may be applicable during and in the post the COVID-19 era when green projects have more difficulties accessing finance.

Vorheriger Artikel Water status in the Canary Islands related to energy requirements

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Titel: Role of green finance in improving energy efficiency and renewable energy development
verfasst von: Ehsan Rasoulinezhad
Farhad Taghizadeh-Hesary
Publikationsdatum: 01.02.2022
Verlag: Springer Netherlands
Erschienen in: Energy Efficiency / Ausgabe 2/2022
Print ISSN: 1570-646X
Elektronische ISSN: 1570-6478
DOI: https://doi.org/10.1007/s12053-022-10021-4