Pathway to prosperity? The impact of low-carbon energy transition on China's common prosperity

Yang Liu, Xiucheng Dong and Kangyin Dong ()

Energy Economics, 2023, vol. 124, issue C

Abstract: Given the ongoing low-carbon energy transition in China, the social, economic, and environmental consequences of this transition cannot be overlooked. Achieving common prosperity is a key component of China's agenda, so it is important to consider the potential nexus between common prosperity and the low-carbon energy transition. Therefore, this study first offers a new comprehensive measure of common prosperity. Furthermore, we examine the impact of the low-carbon energy transition on common prosperity by applying the system-generalized method of moments (SYS-GMM) approach. The key conclusions reached regarding the impact of the low-carbon energy transition on common prosperity are: (1) the degree of common prosperity has continued to increase between 2006 and 2019; (2) the low-carbon energy transition significantly promotes common prosperity; (3) the low-carbon energy transition indirectly promotes common prosperity by expanding gross fixed capital formation, improving labor productivity, and promoting industrial structure upgrading; and (4) the low-carbon energy transition has a significantly stronger impact on common prosperity in provinces with higher levels of low-carbon energy transition and common prosperity. Finally, we suggest several policy implications for promoting low-carbon energy transition and common prosperity.

Keywords: Common prosperity; Low-carbon energy transition; Mediating effects; SYS-GMM technique; China (search for similar items in EconPapers)
JEL-codes: C33 D63 E61 H53 O21 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:124:y:2023:i:c:s0140988323003171

DOI: 10.1016/j.eneco.2023.106819

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