Using a large sample of 47 countries from 2007 to 2022, we provide evidence that female political empowerment (FPE) is a critical determinant of green finance (green bonds). Our results remain robust when addressing concerns of cross-sectional dependence, omitted variable bias, alternative...

Using a large sample of 44 countries for 2007‒2020, we provide evidence that green finance (green bonds) significantly fosters renewable energy production. Our results are robust to addressing cross-sectional dependence concerns, allowing structural breaks, and using several alternative...