RETRACTED ARTICLE: Green finance, energy transition, and natural resources of real estate sector: driving eco-sustainability and sustainable economic growth

Bingru Liu () and Xingtong Pan ()
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Bingru Liu: Hebei University of Chinese Medicine
Xingtong Pan: Hebei Jiaotong Vocational and Technical College

Economic Change and Restructuring, 2024, vol. 57, issue 2, No 48, 23 pages

Abstract: Abstract The paper examines the relationship between natural resource growth, green economy growth, and energy intensity levels in achieving environmentally friendly economic growth in Asian countries. It analyzes the connections among the number of natural resources, institutional capacity, trade liberalization, and foreign direct investment in China from 2010 to 2022. The study concludes that economies flourish when countries utilize organic and synthetic energy sources, and natural resources can stimulate or impede economic development. A radical adjustment in real estate policies is required to address the growing urgency of reversing environmental degradation and combating climate change. Integration of renewable energy sources, optimization of natural resource usage, and the use of novel financial instruments and investment techniques emerge as pressing needs. The research focuses on whether eco-friendly company practices are associated with long-term economic success in Asian countries. It evaluates the impact of energy intensity on GDP growth and emphasizes the importance of a green economy in promoting sustainable economic growth. The study suggests governments should prioritize improving energy efficiency, promoting renewable energy sources, and supporting environmentally friendly industries for long-term prosperity. The paper highlights the need for Asian authorities to balance rapid economic progress with minimizing negative environmental and natural resource impacts.

Keywords: Green finance; Energy transition; Economic growth; Eco-sustainability; Energy sources (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10644-024-09602-3

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