How does trade and fiscal decentralization leads to green growth; role of renewable energy development
Feipeng Huang
Renewable Energy, 2023, vol. 214, issue C, 334-341
Abstract:
China has to balance economic growth with environmental protection and carbon reduction. This study examines China's 2000–2017 trade, fiscal decentralization, renewable energy development, and green growth. To understand how these elements affect sustainable and environmentally friendly economic growth. We use a panel model to evaluate how trade openness and fiscal decentralization affect renewable energy development and green growth trade openness boosts renewable energy development and green growth in China. Fiscal decentralization also promotes renewable energy and local economic growth. These findings emphasize trade liberalization and fiscal decentralization as policy levers for green growth through renewable energy development. Policymakers should promote international economic integration and give local governments more authority and fiscal incentives to embrace and expand renewable energy technologies. This research helps policymakers understand green growth in China and promote sustainable economic development while addressing environmental issues.
Keywords: Fiscal decentralization; Green growth; Renewable energy; Trade; Panel data (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (12)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:214:y:2023:i:c:p:334-341
DOI: 10.1016/j.renene.2023.05.116
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