Emerging Market Green Bonds and Sustainability Endeavours – A Global Overview
新興国グリーンボンドと持続可能性への取り組み – グローバル概観 (AI 翻訳)
Zsuzsanna Novák
🤖 gxceed AI 要約
日本語
新興国・途上国（EMDE）のグリーンボンド市場が再生可能エネルギー移行と炭素排出削減にどの程度貢献しているかを分析。AmundiとIFCのデータを用いた記述分析と、75カ国・2000～2022年のパネルデータによるGMM推定により、グリーンボンド市場の拡大がゼロカーボン目標達成やエネルギー原単位改善の資金源となり得ることを示した。結果はエネルギー政策や人間開発指標との組み合わせに敏感であり、グリーンファイナンスの有効性を実証している。
English
This study examines the efficiency of green bond markets in emerging and developing economies (EMDEs) in contributing to renewable energy transition and carbon footprint reduction. Using data from Amundi and IFC, descriptive analysis and GMM panel estimation for 75 countries from 2000-2022 reveal that green bond market expansion can finance zero-carbon goals and reduce energy intensity. Results are sensitive to energy policy and human development variables, confirming green finance's role in CO2 reduction.
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
日本はグリーンボンド発行が増加しているが、新興国市場との比較や資金使途の実効性評価は国内のGX推進にも示唆を与える。特に、日本のグリーンボンド市場がエネルギー転換にどの程度寄与しているかを検証する際の参考となる。
In the global GX context
This paper provides empirical evidence on the effectiveness of green bonds in emerging markets, relevant for global climate finance discussions under frameworks like TCFD and ISSB. It highlights the role of financial innovation in achieving net-zero goals, offering insights for transition finance and sustainable investment strategies.
👥 読者別の含意
🔬研究者:Provides empirical evidence on green bond market efficiency in EMDEs using GMM estimation, useful for climate finance and energy transition research.
🏢実務担当者:Offers insights for corporate sustainability teams on how green bond proceeds can finance renewable energy and reduce carbon footprint in emerging markets.
🏛政策担当者:Highlights the importance of green bond market development for achieving zero-carbon goals, informing policy design for sustainable finance in developing economies.
📄 Abstract（原文）
As emerging markets are most exposed to climate change it is in their vital interest to channel capital to those projects which serve the mitigation of environmental damages. While FDI involvement often raises concerns with dubious environmental consequences, a lot of promising initiatives have been realised in emerging markets worldwide funded from green and sustainability bond proceeds. Our research aims at examining the efficiency of the green bond markets of EMDEs in their contribution to renewable energy transition and the reduction of the carbon footprint. The joint reports of Amundi and IFC provide comprehensive data on green bond issues which help gauge the main characteristics of the market revealing the dominant role of the financial sector among the issuers. Our empirical analysis supplements the descriptive analysis of green bond markets with the examination of its link to Sustainable Development Goals with the help of GMM panel estimation. The panel sample covers a group of 75 emerging and developing economies and the period between the years 2000 and 2022. The GMM analyses reveal that the expansion of the green bond market can be an important source to finance investment aimed at achieving zero-carbon goals and reducing energy intensity. The results of the empirical examination are very sensitive to the combination of the variables representing both energy policy and human development. Green finance and financial innovation have been widely acknowledged to be important tools in CO2 emission reduction which has been confirmed and applied to green bond markets in the current research across a wide range of economies facing various environmental challenges.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.62422/978-81-981590-2-1-006first seen 2026-05-05 19:07:29
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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。