How China is fostering sustainable growth: the interplay of green investment and production-based emission

Wang, Lei; Su, Chi‐Wei; Ali, Shahid; Chang, Hsu‐Ling

doi:10.1007/s11356-020-09933-4

Cited by 98 publications

(47 citation statements)

References 66 publications

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“…In this pursuit, countries are implementing strategies to restrict the emission level [4]. Being the largest carbon emitter, China's continuous economic growth may inevitably cause more carbon emissions in the future [5]. In 2016, China's share in worldwide CO 2 emissions was 27.3% [6].…”

Section: Introductionmentioning

confidence: 99%

Financial Development and Carbon Emissions: Analyzing the Role of Financial Risk, Renewable Energy Electricity, and Human Capital for China

Guo

2021

Discrete Dynamics in Nature and Society

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This study introduces the role of financial risk index and renewable energy electricity output along with financial development and human capital as new determinants of carbon emissions and uses updated time-series data from 1988–2018 for China, employing novel econometric approaches, i.e., Narayan and Popp unit root test with structural breaks, Maki cointegration, and frequency domain causality test for long, short, and medium run causality. The empirical outcome shows that improvement in human capital index and rising shares of renewable energy in electricity output help to limit carbon emissions. In contrast, gross domestic product, financial risk index, and structural break of 2001 increase carbon emissions. Moreover, structural break year of 2008 and financial development index reduces carbon emissions. The negative association between financial development and carbon emissions supports the positive school of thoughts of financial development which promotes sustainable environment. This study recommends promotion of quality human capital and green financial development along with increasing the shares of renewable energy in electricity for achieving China 2030 climate targets of reducing pollution.

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Section: Introductionmentioning

confidence: 99%

Financial Development and Carbon Emissions: Analyzing the Role of Financial Risk, Renewable Energy Electricity, and Human Capital for China

Guo

2021

Discrete Dynamics in Nature and Society

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“…According to Wang et al (2020), China's green investment projects along with eco-friendly innovative techniques of production are helpful in reducing CO 2 emissions. With a rising trend in global CO 2 emissions due to industrialization, the role of green investment in curbing is critical.…”

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confidence: 99%

“…To improve the environmental quality, China is consistently trying to restrict the emissions from transportation and industries. However, more opportunities can be exploited for the transition to a low carbon, resource-efficient and competitive economy (Wang et al, 2020). Moreover, a huge green investment of about $500 billion-$600 billion is required to prevent the industrial pollution (Hyung and Baral, 2019).…”

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confidence: 99%

What abates carbon emissions in China: Examining the impact of renewable energy and green investment

Huang

Xue

Khan

2021

Sustainable Development

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With a rising trend in global CO 2 emissions due to industrialization, the role of renewable energy, technological innovation and green investment in curbing is critical. The main contribution of the current paper is to examine the impact of green investment, renewable energy consumption and technological innovation on CO 2 emissions of 30 sample provinces of China from 1995-2019. The results of CS-ARDL approach shows that renewable energy, technological innovation and green investment is important in abating CO 2 emissions in China. Also, EKC for provincial data of China is confirmed. However, financial development escalates carbon emissions in China. It is also found that any policy change in green investment, financial development, renewable energy, technological innovation, and natural resource rent has strong implications for environmental quality of China. Therefore, shifting the economic structure to renewable energy is an important strategy to reduce carbon emissions. It is suggested that an adequate level of green investment projects should be initiated. Appropriate regulatory and economic drivers can boost investment businesses with more resources provided for the promotion of technical assistance.

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“…With the awareness that coal, oil, and gas are the major causes of pollution and lead to environmental degradation, the green energy sectors have become vertical to the global economy in the past decade (Khurshid and Deng 2020 ). The growth of energy demand and the constraints of reduced carbon emissions will make it more challenging for the global economy to achieve green growth (Wang et al 2020 ).…”

Section: Introductionmentioning

confidence: 99%

The dynamics of carbon on green energy equity investment: quantile-on-quantile and quantile coherency approaches

Meng

2021

Environ Sci Pollut Res

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We analyze the dynamic correlation between the carbon price and the stock returns of green energy companies and calculate the hedging effect of the carbon price on stock returns in green energy sectors. The results show that the coefficients of the carbon price change with time and are vulnerable to extreme events like the COVID-19. The quantile-on-quantile (QQ) model results reveal a dynamic effect from the carbon price to the stock returns of green energy sectors. The quantile coherency (QC) approach results show that investors can benefit more in the short term with high-frequency trading to hedge between carbon trading and the green energy stock market. What is more, the hedging effects are heterogenetic and investors should adjust their hedging strategies in different quantiles.

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How China is fostering sustainable growth: the interplay of green investment and production-based emission

Cited by 98 publications

References 66 publications

Financial Development and Carbon Emissions: Analyzing the Role of Financial Risk, Renewable Energy Electricity, and Human Capital for China

Financial Development and Carbon Emissions: Analyzing the Role of Financial Risk, Renewable Energy Electricity, and Human Capital for China

What abates carbon emissions in China: Examining the impact of renewable energy and green investment

The dynamics of carbon on green energy equity investment: quantile-on-quantile and quantile coherency approaches

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