Does industrial structure changes matter in renewable energy development? Mediating role of green finance development

Shixiu Zhao, Xiaoyi He and Kenjayeva Umriya Faxritdinovna

Renewable Energy, 2023, vol. 214, issue C, 350-358

Abstract: Green financing development mediated the interaction between industrial structure changes and renewable energy growth in China from 2000 to 2021. The research examines whether green financing may boost renewable energy development via industrial structural modifications. The research uses an econometric models to explore how green funding affects industrial structural changes and renewable energy development. Industrial structural changes boost renewable energy growth in China. Green finance development mediates the relationship between industrial structure changes and renewable energy development, suggesting that green finance can enhance the positive effect of industrial structure changes on renewable energy development. The research also reveals that green funding has a more significant long-term impact on renewable energy development. Industrial structural changes have a more significant impact on renewable energy development in economically developed areas. The results are significant for developing country policymakers promoting sustainable energy development via trade and fiscal decentralization.

Keywords: Green finance; Green growth; Financial risk; Renewable; China (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:214:y:2023:i:c:p:350-358

DOI: 10.1016/j.renene.2023.05.088

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