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Assessing the role of green finance in sustainable energy investments by power utilities: Evidence from China

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  • Liu, Yang
  • Zhao, Xiaomeng
  • Dong, Kangyin
  • Jiang, Qingzhe

Abstract

In the global effort to combat climate change and achieve sustainable development, advancing sustainable energy in the power sector has gained substantial attention. However, financing these initiatives remains a significant challenge. Green finance emerges as a promising solution, particularly in China. This research empirically investigates the impact of green finance on China's investments in sustainable energy utilities. Our findings highlight the effectiveness of green finance in driving the growth of sustainable energy generation, particularly in the wind and solar power sectors. Furthermore, green finance indirectly promotes sustainable energy generation by fostering green technological innovation.

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  • Liu, Yang & Zhao, Xiaomeng & Dong, Kangyin & Jiang, Qingzhe, 2023. "Assessing the role of green finance in sustainable energy investments by power utilities: Evidence from China," Utilities Policy, Elsevier, vol. 84(C).
    • Handle: RePEc:eee:juipol:v:84:y:2023:i:c:s095717872300139x
    DOI: 10.1016/j.jup.2023.101627
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    More about this item

    Keywords

    Green finance; Sustainable energy utilities; Green technological innovation;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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