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The impact of green financing on renewable energy growth in China: Insights from provincial data

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  • Zheng, Li
  • Wang, Juncheng
  • Zhu, Xiaoneng

Abstract

The research bases its objective evaluation of green financing effects on renewable energy expansion in China through a statistical analysis of provincial data from 2003 to 2021. Sustainable development requires attention to renewable energy promotion as a fundamental issue. The research defines its core issue through the evaluation of renewable energy adoption barriers and their relationship to green financial systems. This research analyzes green financing effects on renewable energy growth through econometric methods. Research and development (R&D) receive enhancement from green financing while economic resilience improves economic growth accelerates, and renewable energy adoption speeds up. A well-developed economy combined with strong government support plays an essential role in reaching these results. Green financing enables better development of innovative emerging renewable energy technologies above traditional power generation methods. Green financing creates a spillover effect which promotes renewable energy expansion throughout nearby areas in order to increase its overall impact.

Suggested Citation

  • Zheng, Li & Wang, Juncheng & Zhu, Xiaoneng, 2025. "The impact of green financing on renewable energy growth in China: Insights from provincial data," Renewable Energy, Elsevier, vol. 251(C).
    • Handle: RePEc:eee:renene:v:251:y:2025:i:c:s096014812501047x
    DOI: 10.1016/j.renene.2025.123385
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    2. Xiuqing Zou & Shaojun Liu & Linyin Yang, 2025. "Green Finance-Driven and Low-Carbon Energy Transition: A Tripartite Game-Theoretic and Spatial Econometric Analysis Based on Evidence from 30 Chinese Provinces," Sustainability, MDPI, vol. 17(21), pages 1-21, October.
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    4. Shunan Fan & Yuhuan Zhao & Sumin Zuo, 2025. "Financial Development and Energy Transition: A Literature Review," Energies, MDPI, vol. 18(15), pages 1-28, August.

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