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Based on the global "carbon neutrality" agenda, several nations have pledged to cut their carbon emissions. This study uses empirical research to examine how green financing and renewable energy sources affect the carbon neutrality targets of 38 OECD member nations between 2013 and 2021. The projected results show that additional green bonds issued by the OECD would result in more significant progress toward the carbon neutrality goal. Specifically, an increase of 1% in the amount of green energy used is anticipated to enhance the objective of being carbon neutral by over 0.048%. Furthermore, among the other explanatory factors, uncertainty has the most significant magnitude of coefficient that negatively affects the OECD's carbon neutrality. Three stages of finding, investing in, and using carbon market policy will lead to developing the green financial market, digital green finance instruments, and sustainable power production. These are the main policy implications.
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