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Green financing and renewable resources for China's sustainable growth: Assessing macroeconomic industry impact

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  • Chen, Kun
  • Bian, Rui

Abstract

How green finance and renewable resource efficiency support China's sustainable development goals. China prioritizes sustainable development due to its fast growth and environmental issues. This research explores how green finance and renewable resource efficiency affect China's sustainable development goals. Economic and environmental changes from 1988 through 2020 are analyzed. A linear regression model assesses the macroeconomic industry's influence on China's sustainable development. The model analyzes how green technology investments, renewable energy use, and environmental legislation affect China's sustainable economic trajectory. China's sustainable development ambitions depend on green financing and renewable resource efficiency. Green technology investments are linked to sustainable economic growth. Wind and solar energy use also support China's long-term sustainable economic development. This research highlights the relevance of green finance and renewable resource efficiency in China's sustainable development goals. According to the study, environmental concerns in economic policies and practices help countries reconcile economic progress with environmental sustainability.

Suggested Citation

  • Chen, Kun & Bian, Rui, 2023. "Green financing and renewable resources for China's sustainable growth: Assessing macroeconomic industry impact," Resources Policy, Elsevier, vol. 85(PA).
    • Handle: RePEc:eee:jrpoli:v:85:y:2023:i:pa:s0301420723006384
    DOI: 10.1016/j.resourpol.2023.103927
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    Cited by:

    1. Guoyong Wu & Jianwei Cheng & Fan Yang & Gaozhe Chen, 2024. "Can green finance policy promote ecosystem product value realization? Evidence from a quasi-natural experiment in China," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-18, December.
    2. Xia, Xiqiang & Chishti, Muhammad Zubair & Dogan, Eyup, 2024. "Transition towards the sustainable development: unraveling the effects of mineral markets, Belt & Road Initiative, and the Paris Agreement on green economic growth," Resources Policy, Elsevier, vol. 91(C).
    3. Chen Han & Lu Yang, 2024. "Financing and Management Strategies for Expanding Green Development Projects: A Case Study of Energy Corporation in China’s Renewable Energy Sector Using Machine Learning (ML) Modeling," Sustainability, MDPI, vol. 16(11), pages 1-33, May.
    4. Chi Zhang & Xinyu Tian & Xiaojie Sun & Jian Xu & Yu Gao, 2024. "Digital Transformation, Board Diversity, and Corporate Sustainable Development," Sustainability, MDPI, vol. 16(17), pages 1-22, September.

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