Public-Private Partnerships Investment in Energy as New Determinant of CO2 Emissions: The Role of Technological Innovations in China

Muhammad Shahbaz, Chandrashekar Raghutla (), Malin Song, Hashim Zameer and Zhilun Jiao

MPRA Paper from University Library of Munich, Germany

Abstract: This paper explores the relationship between ‘public-private partnerships investment in energy sector and carbon emissions’ considering the vital role of technological innovations in carbon emissions function for China. In doing so, we apply bootstrapping autoregressive distributed lag modeling (BARDL) for examining the cointegration between carbon emissions and its determinants. The empirical results reveal that public-private partnerships investment in energy impedes environmental quality by increasing carbon emissions. On contrary, technological innovations have negative effect on carbon emissions. The relationship between economic growth and carbon emissions is inverted-U shaped i.e. environmental Kuznets curve hypothesis. Exports are positively linked with carbon emissions. Foreign direct investment impedes environmental quality by stimulating CO2 emissions. The empirical findings provide new insights for policy makers to direct public-private partnerships investment in energy for the betterment of environmental quality in China.

Keywords: Public-Private Partnerships Investment; Energy; CO2 Emissions; Technological Innovation; China (search for similar items in EconPapers)
JEL-codes: Q5 (search for similar items in EconPapers)
Date: 2019-11-02, Revised 2019-12-19
New Economics Papers: this item is included in nep-ene, nep-env, nep-reg and nep-tra
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Journal Article: Public-private partnerships investment in energy as new determinant of CO2 emissions: The role of technological innovations in China (2020)
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