Renewable energy development and transportation infrastructure matters for green economic growth? Empirical evidence from China

Xiuying Ding and Xuemei Liu

Economic Analysis and Policy, 2023, vol. 79, issue C, 634-646

Abstract: Global warming has hit The modern period worse than ever since the industrial revolution. As a result, more programs that benefit the environment have been launched, notably in renewable energy and green financing. This research delves into how carbon neutrality and sustainable financial development in China are affected by factors including renewable energy, green finance, technological innovation, and economic complexity. The report evaluates the impacts of renewable energy, transportation infrastructure, and green economic growth on China’s green financial development from 2008 to 2020. A two-stage ordinary least squares method is used to account for the endogeneity of this connection. Empirical research supports the significance of green finance in China’s sustainable development, with the results indicating that renewable energy and green economic growth (GDP) are critical determinants for sustainable development. The study’s findings inform policy decisions on how best to promote green finance, renewable energy, and technical innovation in China, all of which are essential to the country’s long-term economic success.

Keywords: Renewable energy; Transportation; Infrastructure; Green economic growth; OLS; China (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:79:y:2023:i:c:p:634-646

DOI: 10.1016/j.eap.2023.06.042

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