{"manuscript_title":"<b>Assessing the Impact of Green Bonds on Global Greenhouse Gas Emissions: A Comparative Analysis of Developed and Developing Economies</b>","abstract":"The rapid advancement of global economies through industrialization has brought environmental concerns to the forefront. While numerous studies have explored funding mechanisms for environmentally sustainable projects nationally, a significant gap remains in understanding how green bonds (GBs) influence global greenhouse gas (GHG) emissions. This research addresses this gap by analyzing the impact of GBs on GHG emissions across 56 countries from 2020 to 2023. Using a panel data regression model, the study examines the overall effect of GBs on GHG emissions. It reveals diverse relationships shaped by economic and sustainable development factors at the country’s level. Our findings demonstrate that GBs significantly reduce GHG emissions globally, with the effect being especially pronounced in developing countries while showing diminishing returns in developed nations. Similar trends are observed in relation to levels of sustainable development. Highlighting the critical need for climate investments—our research underscores the role of green bonds in supporting Nationally Determined Contributions under the Paris Agreement. Discrepancies in green bond issuance between developed and developing countries highlight the need for increased green financing in emerging markets to meet global climate targets. These findings emphasize the potential of GBs to drive a low-carbon transition, particularly in rapidly developing economies with high emissions.","keywords":["Green bonds","Greenhouse Gas (GHG) Emissions","Green Finance","Sustainable Development Goals (SDGs)","Developed and developing economies"]}