Green financing and renewable resources for China's sustainable growth: Assessing macroeconomic industry impact

Kun Chen and Rui Bian

Resources Policy, 2023, vol. 85, issue PA

Abstract: How green finance and renewable resource efficiency support China's sustainable development goals. China prioritizes sustainable development due to its fast growth and environmental issues. This research explores how green finance and renewable resource efficiency affect China's sustainable development goals. Economic and environmental changes from 1988 through 2020 are analyzed. A linear regression model assesses the macroeconomic industry's influence on China's sustainable development. The model analyzes how green technology investments, renewable energy use, and environmental legislation affect China's sustainable economic trajectory. China's sustainable development ambitions depend on green financing and renewable resource efficiency. Green technology investments are linked to sustainable economic growth. Wind and solar energy use also support China's long-term sustainable economic development. This research highlights the relevance of green finance and renewable resource efficiency in China's sustainable development goals. According to the study, environmental concerns in economic policies and practices help countries reconcile economic progress with environmental sustainability.

Keywords: Green finance; Natural resource utilization; Ecological degradation; Carbon dioxide emissions (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:85:y:2023:i:pa:s0301420723006384

DOI: 10.1016/j.resourpol.2023.103927

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