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Renewable energy development and transportation infrastructure matters for green economic growth? Empirical evidence from China

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  • Ding, Xiuying
  • Liu, Xuemei

Abstract

Global warming has hit The modern period worse than ever since the industrial revolution. As a result, more programs that benefit the environment have been launched, notably in renewable energy and green financing. This research delves into how carbon neutrality and sustainable financial development in China are affected by factors including renewable energy, green finance, technological innovation, and economic complexity. The report evaluates the impacts of renewable energy, transportation infrastructure, and green economic growth on China’s green financial development from 2008 to 2020. A two-stage ordinary least squares method is used to account for the endogeneity of this connection. Empirical research supports the significance of green finance in China’s sustainable development, with the results indicating that renewable energy and green economic growth (GDP) are critical determinants for sustainable development. The study’s findings inform policy decisions on how best to promote green finance, renewable energy, and technical innovation in China, all of which are essential to the country’s long-term economic success.

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  • Ding, Xiuying & Liu, Xuemei, 2023. "Renewable energy development and transportation infrastructure matters for green economic growth? Empirical evidence from China," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 634-646.
    • Handle: RePEc:eee:ecanpo:v:79:y:2023:i:c:p:634-646
    DOI: 10.1016/j.eap.2023.06.042
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    1. Economou, George & Halkos, George, 2024. "Is economic growth sustainable in the long run? The answer might not be obvious," MPRA Paper 119780, University Library of Munich, Germany.
    2. George Ekonomou & Angeliki N. Menegaki, 2023. "China in the Renewable Energy Era: What Has Been Done and What Remains to Be Done," Energies, MDPI, vol. 16(18), pages 1-21, September.
    3. Lin Wang & Yugang He & Renhong Wu, 2024. "Digitization Meets Energy Transition: Shaping the Future of Environmental Sustainability," Energies, MDPI, vol. 17(4), pages 1-25, February.

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