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China's green development journey through resource rent optimization and green finance policies

Author

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  • Dai, Xiajing
  • Zhang, Junjie

Abstract

This study delves into the intricate dynamics shaping China's green development, focusing on green finance, resource rent, and key factors spanning 1988 to 2021. The findings underscore green finance as a potent driver, exhibiting a substantial positive correlation with sustainable development in both short and long terms. Well-managed resource rent also demonstrates enduring positive impacts. In a comparative analysis, green finance emerges as a more influential factor than resource rent, emphasizing the crucial role of tailored financial mechanisms. Challenges posed by conventional Foreign Direct Investment (FDI), Gross Domestic Product (GDP), and economic uncertainty emphasize the necessity for targeted policies that promote green investments and sustainable economic growth. The transformative influence of digitalization, exemplified by Internet broadband subscriptions, underscores its critical role in enhancing efficiency and fostering sustainable technologies. Policy implications stress the importance of prioritizing green finance and optimizing resource rent, encouraging green initiatives, and investing in technological advancements.

Suggested Citation

  • Dai, Xiajing & Zhang, Junjie, 2024. "China's green development journey through resource rent optimization and green finance policies," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724001351
    DOI: 10.1016/j.resourpol.2024.104768
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    Keywords

    Resource rent; Green finance; Sustainable development; Resource management; China;
    All these keywords.

    JEL classification:

    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • 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
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)

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