Measuring China's green economic recovery and energy environment sustainability: Econometric analysis of sustainable development goals

被引:125
作者
Bai, Xiao [1 ]
Wang, Kuan-Ting [2 ]
Tran, Trung Kien [3 ]
Sadiq, Muhammad [4 ,5 ]
Trung, Lam Minh [6 ]
Khudoykulov, Khurshid [7 ]
机构
[1] Zhejiang Univ Finance & Econ, Sch Finance, Hangzhou 310018, Zhejiang, Peoples R China
[2] Asia Univ, Dept Finance, 500 Lioufeng Rd,Wufeng, Taichung 41354, Taiwan
[3] Univ Econ Ho Chi Minh City, Ward Vo Thi Sau, Coll Econ, Sch Publ Finance, 59C Nguyen Dinh Chieu St,Dist 3, Ho Chi Minh City, Vietnam
[4] Taylors Univ, Fac Business & Law, Sch Accounting & Finance, Subang Jaya, Malaysia
[5] Fuzhou Univ Int Studies & Trade, Sch Finance & Accounting, Fuzhou, Fujian, Peoples R China
[6] Van Lang Univ, Fac Business Adm, 69-68 Dang Thuy Tram St,Ward 13, Ho Chi Minh City, Vietnam
[7] Tashkent State Univ Econ, Dept finance, Tashkent, Uzbekistan
关键词
Green finance; Sustainable economic recovery; Growth scenarios; COVID-19; China; CONSUMPTION; COUNTRIES; GROWTH; NEXUS;
D O I
10.1016/j.eap.2022.07.005
中图分类号
F [经济];
学科分类号
02 ;
摘要
The purpose of this research is to assess China's sustainable economic recovery and growth through a comparative analysis of China's global economy following Covid-19. We use the unit root test and generalized method of moments (GMM) to make inferences. The growth scenario is an important consequence of economic recovery, and the study concludes that increased energy use and rising energy costs need greater funding for the energy industry. Green energy financing is urgently required to offset rising production costs of gas and electricity. It is recommended that both Chinese and global financial institutions, banks and finance ministries, take a prominent role in addressing the crisis. This can be achieved by investing in renewable energy to improve sustainable economic recovery, reduce greenhouse gas (GHG) emissions and accelerate economic recovery. This must be carried out over a long period to achieve the intended results. Strategic development goals (SDGs), such as SDG 7 on clean and cheap energy, and SDG 13 on combating climate change, are urged on all nations in both areas. (C) 2022 Economic Society of Australia, Queensland. Published by Elsevier B.V. All rights reserved.
引用
收藏
页码:768 / 779
页数:12
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