Green Economic Transition and Financial Policy: A Systematic Literature Review on Renewable Energy Investment in Developing Countries
グリーン経済移行と金融政策：途上国における再生可能エネルギー投資に関する体系的な文献レビュー (AI 翻訳)
M Rahul Firmansyah, Anas Baharudin Wahid, Nurul Fajriyah Hidayat Putri, Maria Ulfah, Marimbi Rinta Dira Chatarina, Ragil Satrio Baskoro, Diana Azzahra
🤖 gxceed AI 要約
日本語
途上国でのグリーン経済移行を促進する金融政策（グリーンボンド、カーボンプライシング、ブレンデッドファイナンス）に関する文献レビュー。これらの手段は拡大しているが、規制の弱さやグリーンウォッシュリスクなどにより途上国は「準投資適格」の罠にある。長期的なマクロ経済影響の実証研究が不足。
English
This systematic literature review examines financial policy instruments (green bonds, carbon pricing, blended finance) for accelerating green transition and renewable energy investment in developing countries. It finds that while these instruments have expanded, structural barriers such as weak regulations, greenwashing risk, and high transaction costs keep developing countries in a 'sub-investment-grade' trap. Empirical evidence on long-term macroeconomic impacts remains scarce.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
本レビューは途上国向けグリーンボンドやブレンデッドファイナンスの課題を整理し、日本の国際協力や海外投資判断（特にJICAや民間企業の関与）に示唆を与える。特に、日本が進める「アジア・エネルギートランジション」への適用可能性が考えられる。
In the global GX context
The paper synthesizes literature on financial policies for green transition in developing countries, contributing a cross-instrument perspective relevant to global climate finance discourse (e.g., ISSB, transition finance). It highlights the need for de-risking mechanisms and regulatory strengthening to unlock private capital in emerging economies.
👥 読者別の含意
🔬研究者:Provides a consolidated synthesis of financial policy instruments for green transition in developing countries, identifying research gaps on long-term impacts and sequencing.
🏢実務担当者:Policymakers and development finance practitioners can use the findings to design better blended finance mechanisms and address regulatory barriers.
🏛政策担当者:Highlights the need for stronger regulatory frameworks and de-risking instruments to attract green investment in developing countries.
📄 Abstract（原文）
The transition toward a green economy has become a central agenda for developing countries seeking to reconcile economic growth with climate commitments, yet financing this transition remains constrained by limited fiscal space and underdeveloped capital markets. This study employs a library research (systematic literature review) approach to examine the role of financial policy instruments—specifically green bonds, carbon pricing, and blended finance—in accelerating the green economic transition and renewable energy investment in developing countries. Secondary data were collected from peer-reviewed journal articles, institutional reports, and policy documents published between 2018 and 2026, retrieved from Scopus-indexed sources and reputable institutional databases including the OECD, World Bank, and Climate Policy Initiative. The literature was analyzed thematically to identify recurring patterns, instrument effectiveness, and research gaps. The findings show that green bond markets have expanded rapidly but remain concentrated in developed economies; carbon pricing has been adopted cautiously in developing countries, with narrower coverage and lower rates than in OECD economies; and blended finance has emerged as a complementary mechanism specifically targeted at de-risking smaller-scale renewable energy projects overlooked by conventional green bond markets. Across all three instruments, developing countries face persistent structural barriers—weak regulatory frameworks, greenwashing risk, high transaction costs, limited institutional capacity, and continued fossil-fuel-oriented investment by state-owned enterprises—that keep them in what this study terms a "sub-investment-grade" trap. The review also identifies a scarcity of empirical evidence on the long-term macroeconomic impact and effective sequencing of these instruments in emerging economies. This study contributes a consolidated, cross-instrument synthesis of financial policy literature relevant to green transition in the Global South and offers directions for future empirical research and policy design.
🔗 Provenance — このレコードを発見したソース
- Zenodo https://zenodo.org/records/21500905first seen 2026-07-23 04:24:53
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gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。