Yeşil Tahviller ve Yenilenebilir Enerji Üretimi İlişkisi: AB Örneği

Year 2024, Volume: 58 Issue: 3, 325 - 336, 22.07.2024

Meryem Filiz Baştürk

https://doi.org/10.51551/verimlilik.1443364

Abstract

Amaç: Küresel iklim değişikliğini önlemek için birçok ekonomi yeşil projelere yapılan yatırımlara yönelmiştir. Bunlar içerisinde özellikle yenilenebilir enerji kaynaklarına yapılan yatırımlar ağırlıklı payı oluşturmaktadır. Ancak bu projeleri hayat geçirmede en temel problem finansman sağlama noktasında ortaya çıkmaktadır. Finansman sorununu gidermek için geliştirilen yenilikçi araçlardan biri yeşil tahvillerdir. Bu bağlamda çalışmanın amacı, yeşil tahvillerin yenilenebilir enerji üretimine etkisinin araştırılmasıdır.
Yöntem: Yeşil tahvillerin yenilenebilir enerji üretimi üzerindeki etkisi sabit etkiler modeli, rassal etkiler modeli ve Driscoll-Kraay standart hataları ile araştırılmıştır.
Bulgular: 19 AB üyesi ülke için 2016-2021 döneminde yeşil tahvillerin yenilenebilir enerji üretimi üzerinde pozitif ve istatiksel olarak anlamlı bir etkisi olduğu sonucuna ulaşılmıştır.
Özgünlük: Yeşil tahvillerin yenilenebilir enerji üretimi üzerindeki etkisini inceleyen çalışmalar literatürde oldukça kısıtlıdır. Bu çalışma yeşil tahvillerin yenilenebilir enerji üretimi üzerindeki etkisini ampirik olarak ortaya koymaktadır. Aynı zamanda ilgili alandaki kısıtlı literatüre katkı sağlamaktadır.

Keywords

Yeşil Tahviller, Yeşil Finanmsan, Yenilenebilir Enerji, AB Ekonomileri

The Relationship between Green Bonds and Renewable Energy Production: The Example of the EU

Abstract

Purpose: Many economies have turned to investments in green projects to prevent global climate change. Among these, investments in renewable energy sources make up the dominant share. However, the most fundamental problem in implementing these projects arises at the financing point. One of the innovative tools developed to solve the financing problem is green bonds. The study aims to reveal whether green bonds impact renewable energy production in this context.
Methodology: The impact of green bonds on renewable energy production was investigated using a fixed effects model, a random effects model, and Driscoll-Kraay standard errors.
Findings: It was concluded that green bonds had a positive and statistically significant impact on renewable energy production in the 2016-2021 period for 19 EU member countries.
Originality: Studies examining the impact of green bonds on renewable energy production are quite limited in the literature. This study aims to reveal empirically the impact of green bonds on renewable energy production. It also contributes to the limited literature in the relevant field.

Keywords

Green Bonds, Green Finance, Renewable Energy, EU Economies

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