مجلة نماء للإقتصاد والتجارة
Volume 8, Numéro 1, Pages 65-76
2024-06-30

Green Finance In Germany: Examining The Role Of Environmental Tax Revenue, Renewable Energy, And Exports (2010-2022

Authors : Lefilef Abdelhak .

Abstract

This study examines the interplay between environmental tax revenue, renewable energy consumption, and sustainable exports in shaping Germany's green bond market from 2010 to 2022. Employing Quantile Regression, the research analyzes causal relationships and differential impacts across varying quantiles of the green bond market. Findings reveal that renewable energy consumption significantly boosts green bond issuance, while environmental tax revenues present a diminishing negative effect, suggesting targeted alleviations could enhance synergies. Furthermore, exports demonstrate decreasing adverse impacts, highlighting resilience. This research, the first German-specific econometric study in this domain, provides novel insights into the causal mechanisms of green finance flows. It underscores the complex interdependencies within the green finance ecosystem and offers valuable perspectives for policy-making in Germany's transition towards environmental sustainability. The study's methodology and insights contribute substantially to the academic discourse on green finance, guiding future research and policy strategies in this field.

Keywords

Green Finance ; Renewable Energy ; Environmental Tax Revenue ; Sustainable Exports ; Germany ; Quantile Regression