Using green finance to counteract the adverse effects of COVID-19 pandemic on renewable energy investment-The case of offshore wind power in China

Tu, Qiang; Mo, Jiao; Liu, Zhuoran; Gong, Chunxu; Fan, Ying

doi:10.1016/j.enpol.2021.112542

Cited by 118 publications

(47 citation statements)

References 48 publications

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“…At the heart of this was the supply of RE components, more specifically PV modules, with China having 65-75 % market share, which lead to an increase in their cost from $ 0.228 W -1 to $ 0.25-0.28 W -1 [48]. Tu et al analyzed the costs from 97 offshore wind power facilities, which indicated that although the cost has decreased by about 16.3 % over the period 2014-2019, it increased by 10.85 % in 2020 alone due to the COVID-19 pandemic [65]. The authors have stressed the need for increased green financial support to counteract the impact of the COVID-19 pandemic, which can help maintain the cost close to that of 2019.…”

Section: Chinamentioning

confidence: 99%

“…Tu et al. analyzed the costs from 97 offshore wind power facilities, which indicated that although the cost has decreased by about 16.3 % over the period 2014–2019, it increased by 10.85 % in 2020 alone due to the COVID‐19 pandemic 65 . The authors have stressed the need for increased green financial support to counteract the impact of the COVID‐19 pandemic, which can help maintain the cost close to that of 2019.…”

Section: Impact Of Covid‐19 On the Re Sectormentioning

confidence: 99%

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Impact of COVID‐19 on the Renewable Energy Sector and Mitigation Strategies

et al. 2022

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This review explores the impact of the COVID‐19 pandemic on the renewable energy (RE) sector, especially in countries with the highest RE capacities, e.g., the USA, China, India, and the EU. It highlights stimulus packages put in place by governments worldwide and their sustainability to cushion the RE sector. Commissioning of RE projects has stalled due to lack of funding allocation and interruptions in the supply of equipment and components due to lockdown measures. Despite the need to fund COVID‐19 vaccination programs and other related health services, the world must not neglect other sectors of the economy, creating more problems, such as worsening the climate change situation in the long run. This review aims to present the information needed to sustain future energy during the COVID‐19 global pandemic.

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Section: Chinamentioning

confidence: 99%

Section: Impact Of Covid‐19 On the Re Sectormentioning

confidence: 99%

Impact of COVID‐19 on the Renewable Energy Sector and Mitigation Strategies

et al. 2022

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“…To the best of our knowledge, no studies have empirically examined the impact of financial inclusion on tourism development despite the body of literature on the topic expanding rapidly. As we mentioned in the introduction (65,66), are the sole notable exception. Due to its similarity to our work, this paper deserves further discussion.…”

Section: Financial Inclusion Green Financial Development and Tourismmentioning

confidence: 99%

Does Health Crises Effect Tourism: Role of Financial Inclusion for Green Financial Development

Gao

Liu

Ayub

et al. 2022

Front. Public Health

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Tourism is impacted by all types of crises, no matter how big or small. Even though many studies have examined tourism crises, most focus on the number of tourists arriving and departing. As a result of this lack of information, The adaptive differences in tourist behavior caused by various crises are not well understood. When it comes to inbound tourism, the financial and health-related crisis can significantly impact the tourist profile of the country and its visitors' spending habits. The findings show that the health crisis has a significant positive impact on tourism. Moreover, COVID_deaths and COVID_confirm_cases decrease the international tourism in developed and developing countries. According to the study's findings, tourists' sensitivity to crises varies between short- and long-haul markets. The evidence shows that financial inclusion has a significant positive impact on various aspects of tourism development in China. Hence, this article offers numerous policy and practical suggestions for sustainable tourism management.

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“…, 2021). Also, green finance helps increase energy scale and reduce carbon emissions, particularly during COVID-19 era (Tu et al. , 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

The green bond market and its use for energy efficiency finance in Africa

Taghizadeh–Hesary

Zakari

Alvarado

et al. 2022

CFRI

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PurposeThis study presents the state of green bond markets in Africa and green bond funds by some countries in the continent.Design/methodology/approachThe authors adopt a case study approach on four different kinds of countries, namely oil-rich economy, green bond innovator, renewable energy user and carbon vulnerability.FindingsThe authors found that Africa's green bond is still at the early stages. However, countries are using innovative ways that are adaptable to their current economic conditions and investment attractiveness in issuing green bonds. While some countries focus on central and local government bonds, others use corporate bonds, few combine government and corporate green bonds. Interestingly, the first green bond globally certified by the Climate Bonds Standard was issued by an Africa country in Africa. In some selected countries such as Nigeria, South Africa, Morocco, Namibia and Kenya, green bond markets have seen massive growth and have contributed to numerous infrastructural energy efficiency projects. To expand this market further in these countries, the authors recommend fostering a public–private partnership backed by policies and political will.Originality/valueThis study provides an original contribution to the green bond and its likelihood of driving energy efficiency in a continent that has attracted little to no attention in the literature.

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Using green finance to counteract the adverse effects of COVID-19 pandemic on renewable energy investment-The case of offshore wind power in China

Cited by 118 publications

References 48 publications

Impact of COVID‐19 on the Renewable Energy Sector and Mitigation Strategies

Impact of COVID‐19 on the Renewable Energy Sector and Mitigation Strategies

Does Health Crises Effect Tourism: Role of Financial Inclusion for Green Financial Development

The green bond market and its use for energy efficiency finance in Africa

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