TY - BOOK ID - 84542855 TI - Who's Going Green and Why? Trends and Determinants of Green Investment AU - Eyraud, Luc. AU - Clements, Benedict. AU - Wane, Abdoul. AU - Zhang, Changchang. AU - International Monetary Fund. PY - 2011 SN - 146395736X 1463944896 1283554194 9786613866646 1463948832 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Renewable energy sources KW - Investments KW - Investing KW - Investment management KW - Portfolio KW - Finance KW - Disinvestment KW - Loans KW - Saving and investment KW - Speculation KW - Alternate energy sources KW - Alternative energy sources KW - Energy sources, Renewable KW - Sustainable energy sources KW - Power resources KW - Renewable natural resources KW - Agriculture and energy KW - Econometric models. KW - Environmental Conservation and Protection KW - Natural Resources KW - Energy KW - Renewable Resources and Conservation: Issues in International Trade KW - Energy: General KW - Environmental Economics: General KW - Alternative Energy Sources KW - Renewable Resources and Conservation: General KW - Nonrenewable Resources and Conservation: General KW - Climate KW - Natural Disasters and Their Management KW - Global Warming KW - Innovation KW - Research and Development KW - Technological Change KW - Intellectual Property Rights: General KW - Environmental management KW - Climate change KW - Technology KW - general issues KW - Renewable energy KW - Renewable resources KW - Non-renewable resources KW - Greenhouse gas emissions KW - Natural resources KW - Greenhouse gases KW - China, People's Republic of KW - General issues UR - https://www.unicat.be/uniCat?func=search&query=sysid:84542855 AB - This paper fills a gap in the macroeconomic literature on renewable sources of energy. It offers a definition of green investment and analyzes the trends and determinants of this investment over the last decade for 35 advanced and emerging countries. We use a new multi-country historical dataset and find that green investment has become a key driver of the energy sector and that its rapid growth is now mostly driven by China. Our econometric results suggest that green investment is boosted by economic growth, a sound financial system conducive to low interest rates, and high fuel prices. We also find that some policy interventions, such as the introduction of carbon pricing schemes, or "feed-in-tariffs," which require use of "green" energy, have a positive and significant impact on green investment. Other interventions, such as biofuel support, do not appear to be associated with higher green investment. ER -