Financial development and the energy net-zero transformation potential

Ding, Wangwang; Du, Juntao; Kazançoğlu, Yiğit; Mangla, Sachin Kumar; Song, Malin

doi:10.1016/j.eneco.2023.106863

Cited by 13 publications

(3 citation statements)

References 77 publications

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“…This would allow us to catalyze the energy transformation since, unlike in the case of communities, municipal entities have many unused assets that can be invested in the energy sector. Existing studies on regional aspects of transformation are incomplete, either focusing on resources within the region [52], on financing issues [53], or on a single transformation technology [54]. The lack of integral solutions makes it difficult to identify the benefits of using intermediate solutions in the energy transformation process.…”

Section: Discussionmentioning

confidence: 99%

Research Directions of the Energy Transformation Impact on the Economy in the Aspect of Asset Analysis

Svazas,

Bilan,

Navickas

2024

Sustainability

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The challenges of climate change encourage immediate solutions by creating the conditions for energy transformation. This process is significantly related to capital investments and the conversion of existing assets to clean energy sources. Due to the need to save resources, workplaces, and public favor, specific studies involving different data groups are necessary. This article presents key data sources for analyzing the impact of energy transformation on Lithuanian regions—governance, potential, and existing power indicators. The economic, social, and governance data combined in the article will allow us to determine the perspectives of sustainable energy transformation in the regions. The article showed that in certain regions there may be major, complex problems that hinder the breakthrough of the energy system. Cluster analysis and a generic system diagram were used for the research, which showed that municipalities have a wide potential for energy transformation. The research emphasizes the governance component as a key success factor. After reorganizing the management of municipal enterprises, further actions can be initiated, since emerging competences allow progress to be made efficiently and with less time spent. The asset analysis methodology presented in the article allows for the identification of the main groups of assets that can be converted in the short term for the purpose of energy transformation, according to sustainable development principles. These decisions provide an opportunity for decision-makers to consistently implement energy transformation decisions.

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Section: Discussionmentioning

confidence: 99%

Research Directions of the Energy Transformation Impact on the Economy in the Aspect of Asset Analysis

Svazas,

Bilan,

Navickas

2024

Sustainability

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“…Most existing studies have found that financial development has a positive impact on the transformation of energy structure (Ding et al, 2023), and its driving effect on finance only stays at the level of financial development, without considering financial openness. Although financial openness brings benefits such as lowering financing costs and improving risk aversion, cross-border capital may also bring disadvantages such as economic and financial turbulence.…”

Section: Influencing Factors Of Energy Structure Transformationmentioning

confidence: 99%

Financial openness and energy structure transformation

Jia,

Xu,

Wang

2024

Front. Environ. Sci.

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Energy structure transformation is the only way for China to achieve the “dual carbon” goal, and one of the difficulties faced by energy transformation is financing. In the context of China’s steadily promoting the high-level opening-up of financial industry, this paper uses the panel data of China’s provincial level from 2010 to 2019 to systematically examine the impact of financial opening-up on the transformation of energy structure. The results show that: 1) Financial openness has a significant positive impact on the energy structure transition; 2) In different stages of energy structure transformation, as the main driving force in the initial stage of energy structure transformation is the government’s policy support, with the continuous maturity of energy structure transformation, the impact of financial openness on energy structure transformation gradually increases; 3) With different levels of economic development, the driving effect of financial openness is also different. The lower the level of economic development is, the stronger the driving effect of financial openness on energy structure transformation is due to the lack of financing channels. This paper provides a theoretical basis for China’s energy structure transformation, and also provides rich policy implications for promoting China’s financial industry to open up at a high level.

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“…The amount of capital is then related to the value of housing and the extent to which financialization works for housing. Loans from financial institutions provide financial support for the development of various sectors of the city's economy [ 11 ], and are the fundamental support for the city's financial development, i.e., the level of the city's financial development can be measured by the balance of loans from financial institutions, as reflected in existing studies [ 12 , 13 ]. Therefore, we use the amount of personal loans, contractual loans, loans from specialized deposit savings institutions and bond issuance to represent the amount of urban finance.…”

Section: Introductionmentioning

confidence: 99%

Identifying the spatial heterogeneity of housing financialization in China: Insights from a multiscale geographically weighted regression

Wang,

Yue,

Wang

et al. 2024

Heliyon

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Financial development and the energy net-zero transformation potential

Cited by 13 publications

References 77 publications

Research Directions of the Energy Transformation Impact on the Economy in the Aspect of Asset Analysis

Research Directions of the Energy Transformation Impact on the Economy in the Aspect of Asset Analysis

Financial openness and energy structure transformation

Identifying the spatial heterogeneity of housing financialization in China: Insights from a multiscale geographically weighted regression

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