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Energy transition in sport and public facilities: pioneering sustainable economic pathways

Author

Listed:
  • Xiangyu Du

    (Guangdong Polytechnic Normal University)

  • Wuyang Xie

    (Shangrao Normal University Sports Institute)

  • Weimin Guan

    (Tianjin University of Commerce)

Abstract

This study explores the factors influencing the adoption of green energy utilities in sports and public facilities across the G7 nations spanning from 2000 to 2021. The Augmented Mean Group (AMG) estimation method employed indicates that Foreign Direct Investment (FDI) has not exerted a significant impact on the green sports sector. Moreover, a 1% increase in Green Power Consumption (GPC) correlates with a nearly 0.29% rise in the growth of green energy sport utilities trade. Conversely, higher Tax Revenues (TAXR) hinder green energy sport utilities trade by almost 0.42%, attributable to increased financial burdens and the potential lack of incentives. The research emphasizes the positive role of Good Governance (GOV) in fostering sustainability and attracting investments, thereby propelling the expansion of eco-friendly sports facilities. Causal analysis underscores bidirectional relationships among the variables under examination. To promote the deployment of green energy in sports and public facilities, recommended policy measures include encouraging green FDI, implementing environmentally friendly taxation, advocating for sustainability in corporate management, and leveraging trade agreements to advance the trade of green energy utilities.

Suggested Citation

  • Xiangyu Du & Wuyang Xie & Weimin Guan, 2024. "Energy transition in sport and public facilities: pioneering sustainable economic pathways," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-16, April.
    • Handle: RePEc:kap:ecopln:v:57:y:2024:i:2:d:10.1007_s10644-024-09616-x
    DOI: 10.1007/s10644-024-09616-x
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    More about this item

    Keywords

    Energy transition; Sport facilities; Renewable energy utilities trade; Green power consumption; G7;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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