A step towards green economic policy framework: role of renewable energy and climate risk for green economic recovery

Abstract

According to the World Bank, energy efficiency is a critical facilitator of most Sustainable Development Goals. Its contribution to CO2 emission reduction is astounding. Environmentalists have recently emphasized the essential need to determine energy efficiency causes. This research broadens the debate's horizons by proposing additional possible energy efficiency factors using data from the Chinese economy. From 1990 to 2020, we examined the influence of investment in renewable energy resources, financial inclusion, industrial production, and trade openness on China's energy efficiency and climate risk. Additionally, this study is added to the literature by examining the causal relationships between variables while considering the temporal dimension. The findings indicate that industrial production, financial inclusion, public R&D on renewable energy, and trade openness contribute significantly to China's energy efficiency and climate risk. All other factors, except industrial production, are positively associated with energy efficiency. The path of causality is established from energy efficiency and climate risk to financial inclusion, industrial production, renewable energy, public research and development budgets, and trade openness. According to the findings, changes in energy performance have frequency-changing impacts on all variables. Policymakers believe that the financial system must be strengthened since this will significantly influence renewable energy.

An Adaptive Reuse Development Through Highest and Best Use Assessment: Case Study the Ex-Warenhuis, Medan, Indonesia

“…In the last decade, many conservation cases using the concept of adaptive reuse have proven that adaptive reuse is a crucial element for sustainable urban development. However, adaptive reuse is a complex process that requires holistic consideration of political, economic, social, cultural, technical, legal, and environmental aspects [18,19].…”

Pollution and endometriosis: A deep dive into the environmental impacts on women's health

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“…Industries can adopt cleaner production methods that minimise or eliminate the use of hazardous chemicals and reduce waste generation 2 . Energy‐intensive industries can improve energy efficiency and transition to renewable energy sources to reduce carbon emissions and air pollution 155 . In agriculture, sustainable practices such as organic farming and integrated pest management can reduce the reliance on harmful pesticides and promote soil and water conservation 156 .…”

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“…This investment-oriented approach has contributed to reduced carbon emissions and improved energy efficiency in the country. Meanwhile, studies by You et al [ 54 ], Guo et al [ 55 ], Pata et al [ 56 ], and Yu et al [ 57 ] investigate the influence of international technical collaborations, financial inclusion, sustainable commercial activities, and various other green initiatives on environmental sustainability across different countries and regions. These diverse studies collectively contribute to the understanding of the complex interactions between economic activities, policy measures, and environmental outcomes.…”