The response of green finance toward the sustainable environment: the role of renewable energy development and institutional quality

被引：16
作者：
Xia, Lianfeng [1 ]
Liu, Yujia [1 ]
Yang, Xu [1 ]
机构：
[1] Henan Polytech, Zhengzhou 450046, Peoples R China
来源：
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH | 2023年 / 30卷 / 21期
关键词：
Renewable energy development; Green finance index; Environmental regulations; China; CO2; EMISSIONS; EMPIRICAL-EVIDENCE; ECONOMIC-GROWTH; OIL PRICE; CONSUMPTION; COINTEGRATION; INVESTMENT; IMPACT; NEXUS;
D O I：
10.1007/s11356-023-26430-6
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
The problem for developed and developing economies is achieving sustainable development and cleaner production. Income, institutional regulations, institutional quality, and international trade are the primary factors of environmental externalities. This research looks at 29 provinces in China between 2000 and 2020 to determine the effect of green finance, environmental regulations, income, urbanization, and waste management on renewable energy generation. Similarly, the current study uses the CUP-FM and CUP-BC for the empirical estimation. More precisely, the study shows the positive influences of environmental taxes, green finance index, income, urbanization, and waste management in renewable energy investment. However, the different measures of green finance, such as financial depth, financial stability, and financial efficiency, also positively contribute to renewable energy investment. Therefore, it can be considered the best solution to environmental sustainability. However, imperative policy implications are given to attain the peak of renewable energy investment.
引用
收藏
页码：59249 / 59261
页数：13
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