Innovating for a greener future: The role of green bonds in advancing energy innovation
The rise of climate change concerns and the need to transition to a low-carbon economy has led to a surge in the issuance of green bonds and the development of energy innovation. This study explores the asymmetric green bonds-energy innovation nexus in the top ten nations that issue green bonds. Pre...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2024-01-01
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| Series: | Borsa Istanbul Review |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S221484502300114X |
| _version_ | 1827355929948979200 |
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| author | Tailong Wei Marvin White Xu Wen |
| author_facet | Tailong Wei Marvin White Xu Wen |
| author_sort | Tailong Wei |
| collection | DOAJ |
| description | The rise of climate change concerns and the need to transition to a low-carbon economy has led to a surge in the issuance of green bonds and the development of energy innovation. This study explores the asymmetric green bonds-energy innovation nexus in the top ten nations that issue green bonds. Previously, panel data methods were used to obtain consistent outcomes regarding these variables despite the fact that several economies could not illustrate such a relation individually. However, this research adopts the “Quantile-on-Quantile” approach that can examine time-series dependence in every economy by offering detailed and country-specific characteristics. The outcomes revealed a positive linkage between green bonds and energy innovation in most nations at particular quantiles. Furthermore, the analysis indicates that the rank of asymmetries between the variables changes from economy to economy, punctuating the significance of policymakers monitoring modifications in green finance and energy innovation. |
| first_indexed | 2024-03-08T04:50:29Z |
| format | Article |
| id | doaj.art-399c1b40c0314f158918da7406ff3860 |
| institution | Directory Open Access Journal |
| issn | 2214-8450 |
| language | English |
| last_indexed | 2024-03-08T04:50:29Z |
| publishDate | 2024-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Borsa Istanbul Review |
| spelling | doaj.art-399c1b40c0314f158918da7406ff38602024-02-08T05:08:59ZengElsevierBorsa Istanbul Review2214-84502024-01-012413546Innovating for a greener future: The role of green bonds in advancing energy innovationTailong Wei0Marvin White1Xu Wen2School of Marxism, Jilin University of Finance and Economics, Changchun, Jilin, ChinaDepartment of Information Engineering, Southern University and A&M College, Louisiana, USAEconomics Teaching and Research Department of Chengdu Municipal Party School of the Communist Party of China, Chengdu, 610000, China; Corresponding author.The rise of climate change concerns and the need to transition to a low-carbon economy has led to a surge in the issuance of green bonds and the development of energy innovation. This study explores the asymmetric green bonds-energy innovation nexus in the top ten nations that issue green bonds. Previously, panel data methods were used to obtain consistent outcomes regarding these variables despite the fact that several economies could not illustrate such a relation individually. However, this research adopts the “Quantile-on-Quantile” approach that can examine time-series dependence in every economy by offering detailed and country-specific characteristics. The outcomes revealed a positive linkage between green bonds and energy innovation in most nations at particular quantiles. Furthermore, the analysis indicates that the rank of asymmetries between the variables changes from economy to economy, punctuating the significance of policymakers monitoring modifications in green finance and energy innovation.http://www.sciencedirect.com/science/article/pii/S221484502300114XEnergy innovationGreen bondsQuantile estimation |
| spellingShingle | Tailong Wei Marvin White Xu Wen Innovating for a greener future: The role of green bonds in advancing energy innovation Borsa Istanbul Review Energy innovation Green bonds Quantile estimation |
| title | Innovating for a greener future: The role of green bonds in advancing energy innovation |
| title_full | Innovating for a greener future: The role of green bonds in advancing energy innovation |
| title_fullStr | Innovating for a greener future: The role of green bonds in advancing energy innovation |
| title_full_unstemmed | Innovating for a greener future: The role of green bonds in advancing energy innovation |
| title_short | Innovating for a greener future: The role of green bonds in advancing energy innovation |
| title_sort | innovating for a greener future the role of green bonds in advancing energy innovation |
| topic | Energy innovation Green bonds Quantile estimation |
| url | http://www.sciencedirect.com/science/article/pii/S221484502300114X |
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