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Green bonds and ESG investments: Catalysts for sustainable finance and green economic growth in resource-abundant economies

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  • Huang, Lei

Abstract

The Green Bonds and ESG Investments exhibit the potential to uplift sustainable finance and underpin green economic growth. This paper scrutinizes their transformative capabilities in the context of seven resource-rich economies: China, Brazil, Russia, Australia, Canada, Saudi Arabia, and South Africa from 2002 to 2021. A Panel model is employed to evaluate the objectives and aims of sustainable finance initiatives. The findings unearth divergent pathways evident across these economies and the heterogenous implications of Green Bonds and ESG Investments for sustainable development in the above context. However, a significant link is observed amidst these financial mechanisms conducive to greening economic activities and fostering the guardians of the environment and social responsibility. The findings suggest the need for directed strategies and regulatory apparatus that encourage embedding Green Bonds and ESG Investment, promoting sustainable and resilient economic futures.

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  • Huang, Lei, 2024. "Green bonds and ESG investments: Catalysts for sustainable finance and green economic growth in resource-abundant economies," Resources Policy, Elsevier, vol. 91(C).
    • Handle: RePEc:eee:jrpoli:v:91:y:2024:i:c:s0301420724001739
    DOI: 10.1016/j.resourpol.2024.104806
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