RETRACTED ARTICLE: Sustainable energy utility investment role in energy transformation progress: case of Mongolia

Huimin Jia () and Yanqiu Wu ()
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Huimin Jia: Zhejiang Taizhou University
Yanqiu Wu: Zhejiang Yuexiu University

Economic Change and Restructuring, 2024, vol. 57, issue 2, No 46, 16 pages

Abstract: Abstract In response to the global imperative for sustainable energy, understanding the determinants of investments in sustainable utilities becomes crucial. This study focuses on exploring these factors in the context of Mongolia, covering the years 1980 to 2021 and utilizing the autoregressive distributed lag technique. Findings reveal that an increase in the consumer price index has a detrimental impact on investment. Interestingly, the development of information and communication technology shows limited influence on sustainable utilities investments in Mongolia. Conversely, larger economies exhibit a positive correlation, suggesting that they foster more substantial investments in sustainable utilities. Notably, economic risk emerges as a significant factor, negatively affecting investment. This underscores the importance of providing a stable and predictable investment environment. In light of these findings, practical policy recommendations for Mongolia include strategies such as digitalization, the establishment of green financing mechanisms, and the encouragement of public–private partnerships.

Keywords: Energy transition; Sustainable energy utility investment; Green energy deployment; Macroeconomic structure (search for similar items in EconPapers)
JEL-codes: G32 O11 Q42 Q55 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10644-024-09660-7

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