RETRACTED ARTICLE: The role of solar energy in achieving net-zero emission and green growth: a global analysis

Jingbing Sun (), Youmu Xie (), Sheng Zhou () and Jiali Dan ()
Additional contact information
Jingbing Sun: Xinjiang University
Youmu Xie: Nankai University
Sheng Zhou: Tianjin University of Commerce
Jiali Dan: Nankai University

Economic Change and Restructuring, 2024, vol. 57, issue 2, No 29, 16 pages

Abstract: Abstract This study explores sustainable development and achieving net-zero emissions by assessing the impact of solar energy adoption on carbon emissions in 40 high and upper middle-income nations and 22 low and lower middle-income countries from 2000 to 2021. Dynamic GMM analysis reveals substantial potential in mitigating emissions, with a 1% increase in solar energy consumption corresponding to a 0.25% reduction in wealthier nations and a 0.10% reduction in lower-income countries. Green power generation positively influences emission reduction in both income groups. However, challenges arise in the green trade mechanism, where increased solar energy trade paradoxically links to higher CO2 emissions. Promising opportunities for environmental sustainability in high-income economies include prioritizing the development of a digital green finance market. In low-income economies, establishing a regulatory framework for the green finance market is crucial, emphasizing standards, guidelines, responsible lending, and incentives for environmentally friendly projects.

Keywords: Solar energy deployment; Green transition; Carbon emissions; Green economic growth; GMM (search for similar items in EconPapers)
JEL-codes: C32 C36 O44 Q42 Q55 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s10644-024-09641-w Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:ecopln:v:57:y:2024:i:2:d:10.1007_s10644-024-09641-w

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/10644/PS2

DOI: 10.1007/s10644-024-09641-w

Access Statistics for this article

Economic Change and Restructuring is currently edited by George Hondroyiannis

More articles in Economic Change and Restructuring from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().