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Dual carbon goals and renewable energy innovations

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  • Cheng, Xuanmei
  • Ye, Kaite
  • Min Du, Anna
  • Bao, Zhenzhen
  • Chlomou, Grigoria

Abstract

We examine the impact of renewable energy technology innovation on carbon emissions within the framework of China's ‘dual carbon’ goal, focusing on the role of local (provincial) government innovation competitions and economic competition. Analyzing data across 30 provinces from 2010 to 2019, we investigate the correlation between renewable energy advancements and emission reductions and how local government competition modulates this relationship. Our findings suggest that renewable energy innovations have a significant negative impact on carbon emissions. The study reveals that innovation competition among local governments positively affects emission reductions, while economic competition has a negative impact. These results contribute to understanding how regulatory competition among local governments can support or impede the achievement of dual carbon objectives, emphasizing the need for a competitive yet collaborative regulatory environment to enhance the benefits of renewable energy innovations.

Suggested Citation

  • Cheng, Xuanmei & Ye, Kaite & Min Du, Anna & Bao, Zhenzhen & Chlomou, Grigoria, 2024. "Dual carbon goals and renewable energy innovations," Research in International Business and Finance, Elsevier, vol. 70(PB).
    • Handle: RePEc:eee:riibaf:v:70:y:2024:i:pb:s0275531924001995
    DOI: 10.1016/j.ribaf.2024.102406
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    7. Kozera, Agnieszka & Satoła, Łukasz & Standar, Aldona, 2024. "European Union co-funded investments in low-emission and green energy in urban public transport in Poland," Renewable and Sustainable Energy Reviews, Elsevier, vol. 200(C).
    8. Wang, Xiaolong & Wang, Di & Zhao, Yanmin, 2025. "Energy storage technology innovation, performance appraisal pressure of officials and energy security: An empirical study in the context of energy transition," Renewable Energy, Elsevier, vol. 251(C).
    9. El Khoury, Rim & Min Du, Anna & Nasrallah, Nohade & Marashdeh, Hazem & Atayah, Osama F., 2025. "Towards sustainability: Examining financial, economic, and societal determinants of environmental degradation," Research in International Business and Finance, Elsevier, vol. 73(PA).
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    15. Shazia Kousar & Amber Pervaiz & Farhan Ahmed & Florian Marcel Nuţă, 2024. "Do Structural Transformations in the Energy Sector Help to Achieve Decarbonization? Evidence from the World’s Top Five Green Leaders," Energies, MDPI, vol. 17(18), pages 1-28, September.
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    18. Fraccalvieri, Ilenia & Raimo, Nicola & Vitolla, Filippo & Bussoli, Candida, 2025. "Steering the energy transition: Governance and renewable energy in global banking," Research in International Business and Finance, Elsevier, vol. 80(C).
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    22. Sun, Zhennan & Du, Qunyang, 2025. "Environmental regulation and firm R&D manipulation behaviour: Evidence from the low-carbon city pilot program in China," International Review of Economics & Finance, Elsevier, vol. 98(C).

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