Evidence map›Paper›PMID 37261685›Full record

ArticleEnvironmental science and pollution research international2023

Examining the interconnectedness of green finance: an analysis of dynamic spillover effects among green bonds, renewable energy, and carbon markets.

YaFei Zhang, Muhammad Umair

Abstract read
In one paragraph

Article in Environmental science and pollution research international, 2023. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 37 papers.

0numbers the graph read from it
0cells of the map it votes in
37citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

37 citing papers in PubMed.

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4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

2 authors.

YaFei ZhangPai Chai University, 302735, Daejeon, Republic of Korea.
Muhammad UmairDepartment of Economics, University of Lakki Marwat, Lakki Marwat, Pakistan. Umair.economics.phd@gmail.com.

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

There is growing importance of green finance as a means to finance sustainable projects and reduce carbon emissions. Green bonds have emerged as an important financing tool in this context, and there is a need to understand how they are interconnected with other components of the green finance ecosystem, such as renewable energy and carbon markets. This study investigates the interconnectivity of green finance by analyzing the dynamic spillover effects among green bonds, renewable energy stocks, and carbon markets. Using daily data spanning from January 2010 to December 2020, vector autoregressive models and time-varying parameter models are applied to examine the transmission channels of shocks among these assets. The results reveal significant dynamic spillover effects between green bonds and renewable energy stocks, as well as between carbon markets and renewable energy stocks. Additionally, the findings suggest a complementary relationship between green bonds and carbon markets. This study provides insights into the interdependence of different green financial instruments and their role in promoting sustainable development. The outcomes of the research can guide policymakers, investors, and other stakeholders in making informed decisions regarding green finance.

Indexed as

CarbonEcosystemCarbon DioxideDecision MakingEconomic DevelopmentRenewable EnergySustainable DevelopmentCarbonCarbon DioxideCarbon marketsGreen bondsRenewable energyStock marketsVolatility dynamics

Identifiers

PMID37261685
PMCPMC10233175

What OpenQuestion holds

Textmetadata
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Registered trials

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Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.