Effectiveness of green bonds on carbon neutrality and clean electricity generation: Comprehensive evidence from the leading emitting country by disaggregated level analysis

dc.authoridMagazzino, Cosimo/0000-0002-3176-9838
dc.authoridKartal, Mustafa Tevfik/0000-0001-8038-8241
dc.contributor.authorKartal, Mustafa Tevfik
dc.contributor.authorPata, Ugur Korkut
dc.contributor.authorMagazzino, Cosimo
dc.date.accessioned2024-09-18T20:26:30Z
dc.date.available2024-09-18T20:26:30Z
dc.date.issued2024
dc.departmentHatay Mustafa Kemal Üniversitesien_US
dc.description.abstractConsidering increasing public interest in environment-related problems and the carbon-neutrality aims of countries, this study focuses on the effect of green bonds on enabling carbon neutrality and supporting clean electricity in China, which is the leading top carbon-emitting and energy-using country in the world. In this context, the study makes a disaggregated level empirical analysis by considering sectoral emissions and sourcebased electricity generation by using quantile-based approaches from January 2, 2019, to December 31, 2023. The outcomes show that (i) green bonds decrease mainly emissions in transport and international aviation sectors; (ii) green bonds have mixed effects on the remaining sectoral emissions; (iii) green bonds increase electricity generation from all sources at higher quantiles, whereas they decrease electricity generation at lower quantiles. Thus, the effect of green bonds varies across sectors, electricity generation sources, and quantiles. Accordingly, a set of policy endeavors, such as dealing with firstly such critical sectors as power and industry, supporting the allocated green bond issuance to specified sectors, and focusing on some clean electricity generation sources like solar and wind, are argued for China.en_US
dc.identifier.doi10.1016/j.esr.2024.101374
dc.identifier.issn2211-467X
dc.identifier.issn2211-4688
dc.identifier.scopus2-s2.0-85189556213en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.1016/j.esr.2024.101374
dc.identifier.urihttps://hdl.handle.net/20.500.12483/10340
dc.identifier.volume53en_US
dc.identifier.wosWOS:001218139500001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.ispartofEnergy Strategy Reviewsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectGreen bonden_US
dc.subjectSectoral emissionsen_US
dc.subjectClean electricity sourcesen_US
dc.subjectDaily dataen_US
dc.subjectChinaen_US
dc.titleEffectiveness of green bonds on carbon neutrality and clean electricity generation: Comprehensive evidence from the leading emitting country by disaggregated level analysisen_US
dc.typeArticleen_US

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