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Assessing the combining role of public-private investment as a green finance and renewable energy in carbon neutrality target

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  • Lu, Qingchang
  • Farooq, Muhammad Umar
  • Ma, Xiaoyu
  • Iram, Robina

Abstract

All governments have lately placed a high priority on achieving carbon neutrality. Environmental sustainability may be achieved via the evaluation of novel approaches. We are looking at the impact of China's public-private energy and efficiency partnerships on the country's carbon dioxide emissions from 1990Q1 to 2019Q4. Furthermore, we include sustainability initiatives, sustainable sources, green finance, and financial progress into our model to better understand carbon dioxide emissions. Econometric regression techniques, such as dynamic ordinary least squares (DOLS) and FMOLS, are used in this work. The research also showed that financial inclusion positively impacts the goal of green finance attainment. According to the findings, China's economic growth and public-private collaboration positively impact carbon emissions. Emissions of carbon dioxide gases, on the other hand, are negatively influenced by improvements in energy efficiency, renewable energy, and technical innovation. Public-private partnerships in energy production must be more efficient to reduce carbon emissions. Chinese policymakers must guarantee a successful and prompt changeover to renewable energy sources via environmental, technological adaptation, and efficient use of all renewable resources.

Suggested Citation

  • Lu, Qingchang & Farooq, Muhammad Umar & Ma, Xiaoyu & Iram, Robina, 2022. "Assessing the combining role of public-private investment as a green finance and renewable energy in carbon neutrality target," Renewable Energy, Elsevier, vol. 196(C), pages 1357-1365.
    • Handle: RePEc:eee:renene:v:196:y:2022:i:c:p:1357-1365
    DOI: 10.1016/j.renene.2022.06.072
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