Investigating the spillovers and connectedness between green finance and renewable energy sources

Doğan, Eyüp; Madaleno, Mara; Taşkın, Dilvin; Tzeremes, Panayiotis

doi:10.1016/j.renene.2022.07.131

Cited by 104 publications

(14 citation statements)

References 62 publications

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“…The state of Rajasthan has long enjoyed a climate ideal for producing renewable energy, and recent policy changes have helped to further encourage this trend. In addition to funding infrastructure improvements in the renewable energy industry, the state government offers numerous incentives for such initiatives (Dogan et al, 2022). There is now a more favourable climate for investors partly due to efforts like the Rajasthan Investment Promotion Scheme 2019 and others.…”

Section: Resultsmentioning

confidence: 99%

An empirical analysis of Climate Change mitigation by Solar Energy

Jan¹,

Shameem²,

Balaji³

2022

JTIE

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The study is based on the data collected from the Ministry of New & Renewable Energy - Government of India to assess energy consumption across the country. This study also collected data from relevant agencies responsible for energy supply to various residential, commercial, industrial, and transportation sectors. The equivalent carbon emissions from the selected fuel and energy sources operations are calculated using Gen Less Tools, a unique and customised emissions calculation tool. India has surpassed Germany to become the world's fourth-largest solar power installation country. Solar power capacity has increased more than sevenfold in the last five years, from 6.7 GW in 2016 to 44 GW in August 2021. Solar tariffs in India are highly competitive and have reached grid parity. In nine states with a considerable percentage of solar power installed, emissions were reduced by 42227 thousand tonnes.

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Section: Resultsmentioning

confidence: 99%

An empirical analysis of Climate Change mitigation by Solar Energy

Jan¹,

Shameem²,

Balaji³

2022

JTIE

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“…Dogan, E (2022) investigated the connectedness and spillover relationship between green finance and renewable energy. The results show that dynamic connectedness, both total and pairwise, is heterogeneous over time and influenced by economic events [26].…”

Section: The Importance Of Green Financial Developmentmentioning

confidence: 96%

The Effect of Green Finance on the Ecological and Environmental Quality of the Yangtze River Economic Belt

Tang

Hui

Zhang

et al. 2022

IJERPH

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Since China’s reform and opening up, the speed of economic development has increased significantly. However, at the same time, there are also serious environmental pollution problems. To resolve the deep-seated contradiction between economic growth and environmental protection, green finance has gradually gained attention in China’s development. Based on this, the paper explores the impact of green finance on the quality of the ecological environment in the Yangtze River Economic Belt. The main part of the paper is based on panel data of eleven provinces and cities in China’s 2011–2020 Yangtze River Economic Belt. Seven indicators, including chemical oxygen demand COD, harmless treatment rate of domestic waste, and green coverage rate of built-up, were used to construct an ecological and environmental quality evaluation index system. The entropy method is used to measure the ecological environment quality level and green finance development level of various provinces and cities in the Yangtze River Economic Belt. The impact of green finance development on ecological environment quality is analyzed using a panel data model. The research results show that: (1) The development level of green finance and the quality of the ecological environment in the Yangtze River Economic Belt have improved between 2011 and 2020. (2) The development of green finance has a significant positive impact on the quality of the ecological environment in the Yangtze River Economic Belt. In addition, related research has focused on the impact of green finance on a certain branch of ecological and environmental quality and lacks an analysis of the overall impact. Therefore, this paper constructs a comprehensive evaluation system for ecological environment quality and analyzes the overall impact of green finance on ecological environment quality in the region.

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“…Specifically, the issuance of green bonds effectively addresses the funding needs of wind power enterprises to implementing green energy projects (Rasoulinezhad and Taghizadeh-Hesary, 2022). Wind energy is most affected by green finance, followed by biofuels and fuel cells (Dogan et al, 2022). From a global perspective, green finance and financial inclusion were beneficial for the development of renewable energy globally, including the emerging wind power industry (Zhang et al, 2022).…”

Section: Literature Review the Relationship Between Green Finance An...mentioning

confidence: 99%

Exploring the role of green finance in wind power development: using the nonparametric model

Xu,

Lin

2024

Front. Sustain. Energy Policy

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In the context of the “dual carbon” strategy, how to leverage green finance to promote China's wind power industry is a hot topic. Unlike existing literature, this article uses a nonparametric additive model to investigate the impact and mechanism of green finance on wind power development. Research has found that green finance has an inverted U-shaped nonlinear impact on wind power development, indicating that green finance has a more prominent contribution to the wind power industry in the early stages. Further mechanism research indicates that green finance affects the wind power industry through foreign direct investment and green technology innovation. Specifically, with the relaxation of foreign direct investment conditions in the energy sector, the role of foreign direct investment in promoting the wind power industry more prominent in the later stages. In the early stages, government support was greater, and green technology patents grew rapidly, driving green technology innovation to have a more significant impact on the wind power industry. In addition, the impact of fiscal decentralization, wind power prices, and environmental regulations on the wind power industry also exhibits significant nonlinear characteristics. This article helps to comprehensively understand the mechanism and impact of green finance on wind power development, and provides a reliable basis for optimizing green finance policy and effectively promoting wind power.

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Investigating the spillovers and connectedness between green finance and renewable energy sources

Cited by 104 publications

References 62 publications

An empirical analysis of Climate Change mitigation by Solar Energy

An empirical analysis of Climate Change mitigation by Solar Energy

The Effect of Green Finance on the Ecological and Environmental Quality of the Yangtze River Economic Belt

Exploring the role of green finance in wind power development: using the nonparametric model

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