Dynamic association between energy transition technologies, renewable energy production, trade openness, green investment, carbon tax, and carbon neutrality: empirical evidences from China

Trung Kien Tran, Ka Yin Chau, Thi Thu Hien Phan, Ky Nguyen Tran, Nguyen Thi Thu Thuy and Thanh Ngo

Economic Research-Ekonomska Istraživanja, 2023, vol. 36, issue 2, 2177700

Abstract: The existing millennium documents the most adverse consequences of global warming which in contrast to pre-industrial era are more devastating. Thus, these prevailing consequences raise numerous concerns regarding the well-being of future and current generation. Scholars, in this regard, are putting efforts punctiliously towards methods that could halt the surging emissions. This paper also attempts to contributes to existing literature by reporting the empirical evidences regarding the role of energy transition technologies, renewable energy production (REP), trade openness, green investment, and carbon taxes in carbon neutrality in Chinse economy covering the time span of 1980–2020. By employing Dynamic Auto-regressive Distributed Lags (DARDL) model to check the association, findings exposed that electricity production from water sources, electricity production from solar sources, REP, trade openness, green investment, and carbon taxes are negatively correlated with CO2 emissions. Study offers policymakers a help in formulating policies related to achieve carbon neutrality using renewable sources of energy production, carbon taxes, and green investment.

Date: 2023
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DOI: 10.1080/1331677X.2023.2177700

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