Green Finance and <scp>ESG</scp> Readiness: Bridging the Gaps in Sustainability Transitions
グリーンファイナンスとESG対応：持続可能性移行におけるギャップを埋める (AI 翻訳)
Irsa Azam, Yongsheng Guo, Chi Keung Marco Lau
🤖 gxceed AI 要約
日本語
本研究は、2014年から2022年の32の高ESGランク国と25の低ESGランク国のデータを用いて、グリーンファイナンスがESG対応に与える影響を分析。再生可能エネルギー投資は持続可能性移行の触媒として一貫して機能する一方、グリーンボンドの効果は金融市場の成熟度に依存することを発見。政策立案者への示唆を提供。
English
This study examines the impact of green finance on ESG readiness using data from 32 high and 25 low ESG-ranked countries (2014-2022). It finds that renewable energy investments consistently act as catalysts for sustainability transitions, while green bonds' effectiveness depends on financial market maturity. The results offer insights for policymakers aiming to foster sustainability transitions.
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
日本のグリーンボンド市場やESG投資の拡大に示唆を与える。特に、グリーンボンドの効果が金融市場の成熟度に依存する点は、日本市場の特性を考慮した政策設計に有用。
In the global GX context
This paper contributes to the global discourse on green finance and ESG readiness by providing cross-country evidence on the conditional effectiveness of green bonds and renewable energy investments. It highlights the importance of institutional capacity and regulatory alignment, relevant for ISSB and transition finance frameworks.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the conditional effectiveness of green finance instruments across different ESG-ranked countries.
🏢実務担当者:Highlights that green bonds require mature financial markets to be effective, informing corporate green finance strategies.
🏛政策担当者:Suggests tailored market interventions and support for renewable energy investments to enhance ESG readiness.
📄 Abstract（原文）
ABSTRACT This study examines the intersection of green finance and economic, social, and governance (ESG) readiness through the lens of sustainable transition theory, analyzing data across 32 higher and 25 lower ESG‐ranked countries from 2014 to 2022. Employing econometric methods like OLS, FMOLS, GMM, and quantile regression, we find that green finance plays a critical role in enhancing ESG readiness. Access to credit is a fundamental enabler of economic activity, but its impact on ESG transitions remains contingent upon institutional capacity and regulatory alignment. Our findings indicate that renewable‐energy investments consistently act as catalysts for sustainability transitions. Green bonds emerge as niche innovations, but their effectiveness depends on the maturity of the financial market. A cross‐sectional analysis highlights the presence of path dependencies in ESG development, particularly in higher ESG‐ranked countries. These insights are vital for policymakers aiming to foster sustainability transitions through tailored market interventions and support for emerging green finance initiatives.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.1002/csr.70191first seen 2026-05-05 19:07:05
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。