Ekonomska misao i praksa, , 2026.
Izvorni znanstveni članak
https://doi.org/10.17818/EMIP/2026/8
THE IMPACT OF GREEN BONDS ON CARBON EMISSION REDUCTION: PANEL DATA ANALYSIS
Recep Kolukısa
; Sveučilište Afyon Kocatepe, Turska, Institut za društvene znanosti, Odsjek za javne financije
Gülsüm Gürler Hazman
; Sveučilište Afyon Kocatepe, Turska, Fakultet ekonomije i upravnih znanosti, Odsjek za javne financije
*
İsmail Ciğerci
orcid.org/0000-0002-8858-5685
; Sveučilište Afyon Kocatepe, Turska, Fakultet ekonomije i upravnih znanosti, Odsjek za javne financije
* Dopisni autor.
Sažetak
The main goal of governments is to achieve economic stability as well as meeting development objectives through using fiscal policy tools. In this direction, many countries have turned to alternative renewable resources to meet their growing energy needs and reduce the level of carbon (CO₂) emissions that cause air pollution and climate change. In this context, green bonds fund projects and investments aimed at environmental protection and climate change mitigation. This paper focuses on investigating the relationship between CO₂ emissions and green bond issuances. In this context, panel data regression analysis was applied. In this method, collective data, regarding green bond issuance of 31 different countries throughout 2014-2022 period, were utilized. The analyses reveal that green bond issuances have an impact on CO₂ emissions, and this impact is significant and negative, while the effects of urbanization and GDP growth rate are significant and positive.
Ključne riječi
green bond; green finance; carbon emission; climate change; panel data regression analysis
Hrčak ID:
345368
URI
Datum izdavanja:
13.3.2026.
Posjeta: 421 *