Green finance and the economic feasibility of hydrogen projects

Taghizadeh–Hesary, Farhad; Li, Yanfei; Rasoulinezhad, Ehsan; Mortha, Aline; Long, Yan; Lan, Yu; Zhang, Zhehao; Li, Nan; Zhao, Xunwen; Yao, Wang

doi:10.1016/j.ijhydene.2022.01.111

Cited by 69 publications

(19 citation statements)

References 71 publications

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“…Moreover, according to Tu et al. (2020) and Taghizadeh-Hesary et al. (2022), market integrity and boosting risk-return profile may be addressed as two practical policy implications for these nations to make the GB market an economic activity accelerator.…”

Section: Conclusion and Policy Recommendationsmentioning

confidence: 99%

“…Thus, the following recommendations can be made: financial system improvement (to increase the credibility and reputation of GB issuers), financing rural electrification (to increase the quality of life for rural populations) and electric vehicle transition by GBs to have an impact on HDI, and attracting private sector to GB markets through various policies such as tax incentives and an increase in the rate of return on GBs. Moreover, according to Tu et al (2020) and Taghizadeh-Hesary et al (2022), market integrity and boosting riskreturn profile may be addressed as two practical policy implications for these nations to make the GB market an economic activity accelerator. In the COVID era and in the post-COVID era, more attention should be paid to these policies because this pandemic has decreased the volume of investments in green energy projects, which threatens the achievement of climate-related goals (Taghizadeh-Hesary et al, 2021;Phung et al, 2022;Afzal et al, 2022), particularly in poorer economies.…”

Section: Conclusion and Policy Recommendationsmentioning

confidence: 99%

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Economic effects of green bond market development in Asian economies

Quang

2022

JRF

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PurposeIn the recent decades, the green projects have suffered from serious lack of investment, highlighting the major role of green financing to attract private investors to these projects. The main purpose of this paper is to explore the economic impacts of green bond (GB) market in 37 Asian economies.Design/methodology/approachTo empirically analyze the impacts of issued GBs on different macroeconomic variables of 37 Asian countries, the co-integration and causality approaches are employed to analyze the data for the period of 2002–2018.FindingsThe primary findings indicated the presence of a unidirectional causal direction running from inflation rate, inward FDI, governance indicator, and human development index to issued GBs for the sample of Asian economies that were analyzed. Regarding Group I (higher and upper-middle income Asian countries), there are bi-directional relationships between the GB and other variables, indicating that the policies of governments in each variable influence other variables, whereas for Group II (low and lower-middle income Asian countries), there are uni-directional relationships running from HDI, governance indicator, and inflation rate to GBs, but only bi-directional causal relationships.Practical implicationsIn Asian economies with a lower per capita income, implementing policies to enhance the efficiency of issued GBs so that they have a positive impact on economic activities and human development may be an appropriate strategy with major policy implications. In this way, financial system improvement, financing rural electrification and the transition to electric vehicles through GBs are recommended, while for the case of high- and upper-middle-income economies in Asia, simplifying capital flows from abroad to the GB market can be considered a practical policy.Originality/valueThis study contributes to current green finance research by studying the effects of several variables on the GB market for the instance of Asian countries with low and lower-middle incomes, as well as high-upper middle incomes.

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Section: Conclusion and Policy Recommendationsmentioning

confidence: 99%

Section: Conclusion and Policy Recommendationsmentioning

confidence: 99%

Economic effects of green bond market development in Asian economies

Quang

2022

JRF

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“…In another study, Yang et al ( 2022 ) concentrated on G7 economies and denoted green financing tools' significant roles in green economic growth and sustainable development. Rasoulinezhad and Taghizadeh-Hesary ( 2022 ) applied the STIRPAT (the stochastic impact by regression on the population, affluence, and technology) to analyze the impacts of green finance in 10 economies. The major findings confirmed green bonds' positive and statistically significant role on CO2 emissions reduction and green project promotion.…”

Section: Literature Reviewmentioning

confidence: 99%

“…One of the issues in achieving green economic recovery is the lack of sufficient capital to promote green projects in countries. It is crucial to open a special field for finance called green finance (Taghizadeh-Hesary and Yoshino, 2019 ; Zhang et al, 2022a ; Taghizadeh-Hesary et al, 2022 ; Zhao et al 2022 ). On the other hand, assessing the rule of green finance instruments in filling the finance gap of green projects is essential.…”

Section: Introductionmentioning

confidence: 99%

Is there any recovery power for economic growth from green finance? Evidence from OECD member countries

Huang

Cao

Zhu

2022

Econ Change Restruct

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This paper investigates the dynamic interactions between green finance, economic growth, and green energy consumption for the Organization of Economic Cooperation and Development (OECD) members. The econometric analysis is conducted on annual data gathered throughout 2010–2020 using different estimation techniques of the Vector Autoregressive model, causality, and co-integration approaches. The main results confirmed a positive bi-directional relationship between GDP and green energy consumption. In addition, there is a two-way relationship between the volume of green bond issuance and the use of green energy in OECD countries. The recommended practical policy recommendations are establishing a unified green bonds market among OECD member states, prioritizing green projects to support the issued green bonds, improving the financial system, and financing rural electrification and electric vehicle transition by green bonds.

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“…Access to capital for businesses, particularly small- and medium-sized enterprises (SMEs), is represented by trade credit on the global market. Studies have shown that businesses’ need for trade credit affects their production time, ideal ordering quantities, inventory levels, effectiveness, and industry expansion ( Taghizadeh-Hesary et al, 2022 ). Firms may lessen the effects of market distortion on the supply side by using trade credit.…”

Section: Introductionmentioning

confidence: 99%