RETRACTED ARTICLE: The role of green energy deployment and economic growth in carbon dioxide emissions: evidence from the Chinese economy

Bhuiyan, Miraj Ahmed; Kahouli, Bassem; Hamaguchi, Yoshihiro; Zhang, Qiannan

doi:10.1007/s11356-022-23026-4

Cited by 17 publications

(6 citation statements)

References 44 publications

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“…External factors play a significant role in driving green investment decisions. These include increasing customer preference for environmentally responsible products and services, as well as the desire to minimize adverse environmental impacts [ 28 ]. As environmental awareness grows, the demand for green products is on the rise [ 29 ].…”

Section: Earlier Literature and Hypothesismentioning

confidence: 99%

Factors affecting the green investment and assessing sustainable performance of firms in China

An,

Madni

2023

PLoS ONE

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In the process of development, global economies are prioritizing environmental protection and firms are also recognizing the importance of minimizing environmental impact during production along with maximization of profits through green investments. It is vivid that green investments are vital for environmental preservation. So this paper contributes to literature by investigating the role of internal and external factors affecting the decision making of Chinese firms regarding adoption of green investments and impact of green investments on environmental, social, and economic performance of firms. The data is collected from directors/senior managers of the firms. We received 463 valid responses from listed companies with Shenzhen, Beijing, and Shanghai Stock Exchange. The “structural equation modeling” with “maximum likelihood estimation” is employed for empirical analysis. The empirical findings reveal that adaptation to climate change and its mitigation is the most important driver of green investment. Moreover, green investment positively contributes to enhancing the social, economic, and environmental performances of Chinese firms. Based on the findings of the study, green investment should be adopted as a corporate strategy by firms for profit maximization, competitive advantage, and improvement in social well-being without compromising the environment. Policy makers can promote green investment by offering policy instruments such as tax incentives, guaranteed credits, grants, and investor education. Training courses may be offered to raise environmental awareness among firms and the general public.

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Section: Earlier Literature and Hypothesismentioning

confidence: 99%

Factors affecting the green investment and assessing sustainable performance of firms in China

An,

Madni

2023

PLoS ONE

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“…Furthermore, the Pearson correlation matrix in Table 3 provides information about the relationship between the series. The correlation values among the independent variables are below 0.85, indicating the absence of multicollinearity issues in the model (Bhuiyan et al, 2023;Mustapha et al, 2020b;Ado et al, 2021;Mustapha et al, 2021a;Mustapha et al, 2021b).…”

Section: Resultsmentioning

confidence: 98%

The Effect of Macroeconomic Policy Uncertainty on Environmental Quality in Jordan: Evidence from The Novel Dynamic Simulations Approach

Alkhawaldeh,

Alhawamdeh,

Almarshad

et al. 2023

jjes

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Objectives: Over the past few years, Jordan's economy has grown rapidly, placing it prominently among the world's emerging markets and developing economies rapidly. The country is known for its diverse natural resources. However, the effects of macroeconomic uncertainty, energy intensity, and trade openness on the environment have received less attention than the environmental implications of energy generation. This research fills a significant gap in the literature by investigating the impact of macroeconomic policy uncertainty on Jordan's environmental Kuznets curve from 1970 to 2021. Methods: This study adopted a methodological framework to simulate dynamic distributed self-regression. Results: The results of the study revealed that uncertainty about the future direction of macroeconomic policy accelerates the short and long-term rate of environmental degradation; economic growth accelerates environmental degradation while the square of economic growth slows it, confirming the presence of the environmental Kuznets curve hypothesis; energy density accelerates the rate of environmental quality degradation. Conclusions: Jordan should adopt advanced, environmentally friendly, clean technologies that transition from fossil fuels to low-carbon renewable energy sources. The government should establish strong international partnerships for technology exchange and environmental preservation. Additionally, increasing Jordan's economic complexity is crucial for achieving its environmental development goals.

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“…A relationship between economic growth and CO 2 emission for selected South Asian economies during the 1985-2018 period using a fully modified ordinary least square technique was found [113]. Other studies showed carbon dioxide emissions as drivers of economic growth in various countries [114][115][116][117][118][119][120][121][122][123][124].…”

Section: Discussionmentioning

confidence: 99%

The Impacts of Climate Change, Carbon Dioxide Emissions (CO2) and Renewable Energy Consumption on Agricultural Economic Growth in South Africa: ARDL Approach

Tagwi

2022

Sustainability

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One of the most affected economies by climate change is the agricultural sector. Climate change measured by temperature and precipitation has an impact on agricultural output, which in turn affects the economy of the sector. It is anticipated that using renewable energy will lower carbon emissions that are directly related to climate change. The main objective of this study was to evaluate the impact of carbon dioxide emissions (CO2), renewable energy usage, and climate change on South Africa’s agricultural sector from 1972 to 2021. The nexus was estimated using an Auto Regressive-Distributed Lag (ARDL) Bounds test econometric technique. In the short run, findings indicated that climate change reduces agricultural economic growth and carbon dioxide emissions increase as agricultural economic growth increases. The use of renewable energy was insignificant in the short and long run. Carbon dioxide emissions granger causes temperature and renewable energy unilateral. An ARDL analysis was performed to evaluate the short and long-term relationship between agricultural economic growth, climate change, carbon dioxide emissions and renew able energy usage. The study adds new knowledge on the effects of climate change and carbon emissions on the agricultural economy alongside the use of renewable energy which can be used to inform economic policy on climate change and the energy nexus in the agricultural sector. Study findings point to the prioritization of biomass commercialization, rural and commercial farming sector bioenergy regulations and socioeconomic imperatives research is crucial in order to promote inclusive participation in the production of renewable energy.

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RETRACTED ARTICLE: The role of green energy deployment and economic growth in carbon dioxide emissions: evidence from the Chinese economy

Cited by 17 publications

References 44 publications

Factors affecting the green investment and assessing sustainable performance of firms in China

Factors affecting the green investment and assessing sustainable performance of firms in China

The Effect of Macroeconomic Policy Uncertainty on Environmental Quality in Jordan: Evidence from The Novel Dynamic Simulations Approach

The Impacts of Climate Change, Carbon Dioxide Emissions (CO2) and Renewable Energy Consumption on Agricultural Economic Growth in South Africa: ARDL Approach

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