Assessing the role of green finance in sustainable energy investments by power utilities: Evidence from China

Yang Liu, Xiaomeng Zhao, Kangyin Dong () and Qingzhe Jiang

Utilities Policy, 2023, vol. 84, issue C

Abstract: In the global effort to combat climate change and achieve sustainable development, advancing sustainable energy in the power sector has gained substantial attention. However, financing these initiatives remains a significant challenge. Green finance emerges as a promising solution, particularly in China. This research empirically investigates the impact of green finance on China's investments in sustainable energy utilities. Our findings highlight the effectiveness of green finance in driving the growth of sustainable energy generation, particularly in the wind and solar power sectors. Furthermore, green finance indirectly promotes sustainable energy generation by fostering green technological innovation.

Keywords: Green finance; Sustainable energy utilities; Green technological innovation (search for similar items in EconPapers)
JEL-codes: C33 G10 O32 Q40 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:84:y:2023:i:c:s095717872300139x

DOI: 10.1016/j.jup.2023.101627

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