The shocks of armed conflicts to renewable energy finance: Empirical evidence from cross-country data

Yang, Qi-Cheng; Zheng, Mingbo; Wang, Junsheng; Wang, Yunpeng

doi:10.1016/j.eneco.2022.106109

Cited by 20 publications

(8 citation statements)

References 84 publications

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“…Therefore, balanced growth of

ET

dimensions stabilizes energy prices, promotes green finance (Sohag et al, 2022; Yang et al, 2021), and contributes to the ability of energy systems to transition towards non‐carbon‐based fuel portfolio and sustainable energy resources, mainly new and renewable energy sources (Yang et al, 2022). Specifically, green energy has the potential to decrease conflicts because its sources are abundant and widespread (Scholten et al, 2020; Vakulchuk et al, 2020).…”

Section: Resultsmentioning

confidence: 99%

“…These geopolitical acts transmit shocks to the green finance markets and green equity through the asset price mechanisms and return channels. Therefore, the

ET

policies to stabilize energy prices promote green finance (Sohag et al, 2022; Yang et al, 2021) and contribute to the ability of energy systems to transition towards non‐carbon‐based fuel portfolio and sustainable energy resources, mainly new and renewable energy sources (Yang et al, 2022), and subsequently affect

SED

(Zhang et al, 2021). This process may lessen potential improper impacts concerning

GPRI

.…”

Section: Literature Review Theoretical Background and Research Hypoth...mentioning

confidence: 99%

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Sustainable economic development and geopolitics: The role of energy trilemma policies

Shirazi

Fuinhas

Silva

2023

Sustainable Development

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This study reveals and supports the existence of a three-way connection between sustainable economic development (SED), geopolitical risks (GPRI), and the energy trilemma (ET). The impacts of ET on SED, and GPRI were analyzed using a regimeswitching vector autoregressive model. Results reveal mostly a positive impact of ET on SED. Consequently, decision-makers should design policies that promote ET to enhance economic growth and sustainability. However, decision-makers should acknowledge that uncertainty regarding the impact of these policies on SED and the time lag until their effects are felt in economies varies widely across regimes. Geopolitical risk reveals a slightly positive short-term reaction to ET under the slightly downward regime and a durable cyclical pattern in the sharply upward one. The cyclical impact of energy equity and security on GPRI is positive, while environmental sustainability reduces geopolitical risk. This fluctuating pattern of the response of GPRI to ET policies is compatible with prior research that shows these policies may either foster or mitigate geopolitical risk. Detailed knowledge of the differing impacts of ET-related policies on geopolitical risk is fundamental for decision-makers if they want the counteract some of their adverse effects and enhance geopolitical stability.

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“…Therefore, balanced growth of

ET

Section: Resultsmentioning

confidence: 99%

“…These geopolitical acts transmit shocks to the green finance markets and green equity through the asset price mechanisms and return channels. Therefore, the

ET

SED

(Zhang et al, 2021). This process may lessen potential improper impacts concerning

GPRI

.…”

Section: Literature Review Theoretical Background and Research Hypoth...mentioning

confidence: 99%

Sustainable economic development and geopolitics: The role of energy trilemma policies

Shirazi

Fuinhas

Silva

2023

Sustainable Development

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“…First, it provides additional evidence on the determinants of green bonds issuance at the firm level (Flammer 2020(Flammer , 2021Zerbib 2019). Second, it contributes to the literature that studies the effects of the global shocks on energy finance, such as firm-level corporate green bonds (Azhgaliyeva, Kapsalyamova, and Mishra 2022;Yang et al 2022). Third, the paper contributes to the literature that studies the relationship between environmental sustainable governance indicators and firm-level issuance of green bonds.…”

Section: Introductionmentioning

confidence: 88%

“…Azhgaliyeva, Kapsalyamova, and Mishra (2022) find that both demand and supply shocks leading to the increase in the oil prices increase the issuance of corporate green bonds. Yang et al (2022), studying the effects of armed conflicts on renewable energy finance, find a negative effect of the conflicts on renewable energy finance and green innovation. Flammer (2021) studies three major incentives to issue corporate green bonds, such as "signaling," "greenwashing," and "cost of capital" arguments.…”

Section: Introductionmentioning

confidence: 99%

Global Shocks and Green Bonds Issuance: An Empirical Evidence from Firm-Level Panel Data

2024

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The views expressed in this paper are the views of the author and do not necessarily reflect the views or policies of ADBI, ADB, its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.Discussion papers are subject to formal revision and correction before they are finalized and considered published.

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“…La relevancia del estudio del retorno en el Cauca, y en general en Colombia, tiene su sustento en la larga historia del conflicto armado que aún se expresa en el departamento y en las distintas miradas que la academia ha ofrecido para abordar el tema. Para Yang et al (2022), en casi todo proyecto migratorio está presente el regreso de la población y resulta más complejo cuando el retorno acontece en el marco del conflicto armado, la desigualdad y procesos de restitución de tierras. Siguiendo este argumento, se puede decir que, analíticamente, el retorno efectivo depende de condiciones sociales, económicas y políticas necesarias para la garantía de derechos de la población víctima del conflicto.…”

Section: Dificultades Y Desafíosunclassified

Dificultades y desafíos para el retorno a las tierras restituidas en el departamento del Cauca

Muñoz Galindez,

Chará Ordóñez

2024

Rev. virtual univ. catol. norte

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Colombia ha enfrentado un conflicto armado interno que ocasionó masivas vulneraciones de los derechos. Ante esto, el Estado promulgó la Ley 1448 de 2011 que establece procedimientos para reparar a las víctimas. La restitución de tierras pretende que la población retorne a los predios que les fueron despojados; sin embargo, el retorno ha generado muchos desafíos para el Estado y para la población reparada. Por tanto, la investigación analizó las dificultades de la población reparada para el retorno seguro y efectivo a las tierras restituidas en el departamento del Cauca, a partir de una metodología que trianguló los resultados de una estrategia de datos agregados institucionales para establecer el impacto del conflicto armado, y una cualitativa con entrevistas a actores institucionales y víctimas para determinar las dificultades del retorno. Los hallazgos indicaron que la población del Cauca presenta desafíos para retornar por la ausencia de bienes y servicios en las zonas rurales, los conflictos territoriales, las condiciones económicas y de seguridad. Se concluye que, pese al elevado volumen de sentencias que restituyen los bienes, mientras persista el conflicto armado el campo no contará con la condiciones para garantizar calidad de vida a la población, y el retorno será una tarea compleja.

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The shocks of armed conflicts to renewable energy finance: Empirical evidence from cross-country data

Cited by 20 publications

References 84 publications

Sustainable economic development and geopolitics: The role of energy trilemma policies

Sustainable economic development and geopolitics: The role of energy trilemma policies

Global Shocks and Green Bonds Issuance: An Empirical Evidence from Firm-Level Panel Data

Dificultades y desafíos para el retorno a las tierras restituidas en el departamento del Cauca

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