Financing the Green Transition: How Green Finance and Renewable Energy Drive CO2 Mitigation
グリーン移行への資金調達：グリーンファイナンスと再生可能エネルギーがCO2削減を促進する方法 (AI 翻訳)
Manal Elhaj, Fatma Mabrouk, Layan Alotaibi
🤖 gxceed AI 要約
日本語
2013～2022年の15カ国を対象に、グリーンファイナンス（グリーンボンド発行額・環境保護支出）と再生可能エネルギー消費がCO2排出に与える影響をパネルデータ分析。固定効果モデルやFGLS等を用い、グリーンファイナンスが直接・間接的に排出削減に寄与し、再生可能エネルギーが媒介効果を持つことを実証。政策立案者への示唆を提供。
English
This study analyzes panel data from 15 countries (2013-2022) to examine how green finance (green bond issuance and environmental protection expenditure) and renewable energy consumption affect CO2 emissions. Using fixed effects, FGLS, and mediation analysis, it finds that green finance reduces emissions both directly and indirectly by promoting renewable energy deployment. The results highlight the dual role of green finance in mobilizing investment and accelerating decarbonization.
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
日本ではGX推進法に基づくGX経済移行債（グリーンボンド）の発行が進んでおり、本論文のグリーンファイナンスの排出削減効果の実証結果は、日本のGX投資の有効性を裏付けるエビデンスとして注目される。また、再生可能エネルギーの媒介効果は、日本の再エネ導入促進政策の重要性を再確認させる。
In the global GX context
This paper provides cross-country empirical evidence on the effectiveness of green finance in reducing emissions, which is highly relevant to global climate finance discussions under frameworks like the Paris Agreement and the Glasgow Financial Alliance for Net Zero (GFANZ). The mediation analysis showing renewable energy as a transmission channel offers insights for policymakers designing green bond standards and transition finance taxonomies.
👥 読者別の含意
🔬研究者:Provides a robust panel econometric framework (including mediation analysis) for studying green finance–emissions linkages, useful for future research on transmission channels.
🏢実務担当者:Corporate sustainability teams can use the findings to justify green bond issuance and renewable energy investments as effective decarbonization tools.
🏛政策担当者:Offers evidence that green finance policies (e.g., green bond incentives) can indirectly reduce emissions by boosting renewable energy, supporting integrated policy design.
📄 Abstract（原文）
The accelerating demand for climate action has underscored the need to link financial innovation with clean energy adoption. This study examines the interplay between green finance, renewable energy consumption, and CO2 emissions across 15 countries from 2013 to 2022. Green finance is proxied by green bond issuances and environmental protection expenditures, capturing both market-based and fiscal flows. Using panel econometric methods, including fixed effects with Driscoll–Kraay corrections, Prais–Winsten regressions with PCSE, and Feasible Generalized Least Squares (FGLS), the analysis accounts for heteroscedasticity, autocorrelation, and cross-sectional dependence. Results show how green finance significantly reduces emissions, both directly and indirectly, through its positive influence on renewable energy deployment. Renewable energy consumption shows a robust negative association with CO2 emissions, confirming its pivotal role in energy transition. A mediation analysis further demonstrates that renewable energy partially transmits the effect of green finance on environmental performance. The findings highlight the dual function of green finance in mobilizing investment and accelerating decarbonization, offering timely insights for policymakers seeking effective pathways toward sustainable, low-carbon economies.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.3390/en18215563first seen 2026-05-05 19:06:56
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。