Impact of Green bond on renewable energy transition

This study examines the influence of green bond issuance on renewable energy consumption across 192 countries from 2007 to 2021. The findings reveal a promoting effect of green bond issuance on renewable energy transition, suggesting that green bonds serve as an effective financial mechanism for mobilizing private capital investment in renewable energy projects. This research contributes novel insights into the efficacy of green bonds in driving renewable energy utilization, particularly in countries with higher CO2 emissions. The results underscore the importance of expanding green bond issuance to support the transition towards renewable energy sources and suggest policy interventions to encourage their utilization, including the implementation of supportive frameworks and government incentives to attract private investment and accelerate sustainable development efforts.