Recent progress in sustainable energy-efficient technologies and environmental impacts on energy systems

Vujanović, Milan; Wang, Qiuwang; Mohsen, Mousa S.; Duić, Neven; Yan, Jinyue

doi:10.1016/j.apenergy.2020.116280

Cited by 85 publications

(27 citation statements)

References 114 publications

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“…This method of fertilizing was responsible for causing the land to be pollinated by animals. The findings are consistent with those obtained in previously conducted research such as Vujanović et al ( 2021 ). In addition, in contrast to Fatima et al ( 2021 ), who focused their research on European nations, this investigation determined a capacity for mitigating the negative effects of economic complexity on environmental degradation.…”

Section: Resultssupporting

confidence: 93%

Nexus Between Financial Development, Renewable Energy Investment, and Sustainable Development: Role of Technical Innovations and Industrial Structure

Xiang

Akhtar

2022

Front. Psychol.

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Significant challenges confronting China include reducing carbon emissions, dealing with the resulting problems, and meeting various requirements for long-term economic growth. As a result, the shift in industrial structure best reflects how human society utilizes resources and impacts the environment. To meet China's 2050 net-zero emissions target, we look at how technological innovations, financial development, renewable energy investment, population age, and the economic complexity index all play a role in environmental sustainability in China. Analyzing short- and long-term relationships using ARDL bounds testing, we used historical data spanning 1990–2018. According to the study's findings, the cointegration between CO2 emissions and their underlying factors was found. The deterioration of the environment directly results from financial development, increasing economic complexity, and population aging. Technical advancements, investments in renewable energy sources, and changes to the industrial structure all contribute to lower CO2 emissions. Granger causality results were also reliably obtained in this study. According to our findings in the fight against environmental problems, a key tool for meeting long-term sustainability goals is policy prescriptions that use technological innovations, renewable energy investment, and industrial structure.

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Section: Resultssupporting

confidence: 93%

Nexus Between Financial Development, Renewable Energy Investment, and Sustainable Development: Role of Technical Innovations and Industrial Structure

Xiang

Akhtar

2022

Front. Psychol.

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“…is endorsed Qu et al's [10] narrative that financial agglomeration relied on innovation-driving effect, structural adjustment effect, and information spillover effect to promote energy efficiency. e results were also in line with the logic that energy efficiency not only was the prerequisite for economic growth and economic restructuring [36] but also was directly related to carbon emissions and environmental protection [54,55].…”

Section: Discussionsupporting

confidence: 84%

Financial Agglomeration, Energy Efficiency, and Sustainable Development of China’s Regional Economy: Evidence from Provincial Panel Data

Liu

Long

Shen

2021

Mathematical Problems in Engineering

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Ecological deterioration, air pollution, and resource depletion have shrouded the vast regions of China, raising widespread concerns about the sustainable development of the domestic economy. Although financial agglomeration has become a pivotal approach for China to realize green transformation, there is a lack of evidence against the causal correlation between financial agglomeration and sustainable development of the regional economy. To fill this gap, using the data of 29 provincial capital cities in China spanning from 2009 to 2019 and adopting individual time bidirectional fixed effect model, IV-GMM approach, and alternative modeling techniques, this paper investigates the impact of financial agglomeration on sustainable development of the regional economy for the first time. The results indicate that there is a significant positive correlation between financial agglomeration and the sustainable development of the regional economy. Financial agglomeration facilitates the improvement of regional energy efficiency, and the latter further mediates the relationship between financial agglomeration and sustainable development of the regional economy. In addition, the empirical results also demonstrate that the higher the economic policy uncertainty, the weaker the positive relationship between financial agglomeration and energy efficiency. The present study is of great significance for China to implement energy-saving and emission-reduction tasks and achieve sustainable urban construction.

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“…Energy, food, and water scarcity have long been seen as a burden on economies, but the recent rise in health-related concerns has exacerbated this problem. The well-being of society necessitates efforts that are both economical and environmentally beneficial, as well as healthy in terms of protection ( Vujanović et al, 2021 ). In light of the COVID-19 lockout, green financing is being hailed as a possible solution to the global environmental crisis exacerbated by the widespread usage of renewable energy.…”

Section: Resultsmentioning

confidence: 99%

Does Green Financing Develop a Cleaner Environment for Environmental Sustainability: Empirical Insights From Association of Southeast Asian Nations Economies

Irfan²

2022

Front. Psychol.

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One of the most frequently used terms in climate change discussions is environmental sustainability. With economic growth and foreign direct investment as moderator factors, this study investigates the influence of green finance and financial development on environmental sustainability and growth in ASEAN economies from 2012 to 2019. ADF and Phillip-Peron (PP) unit root tests, fully modified least square (FMOLS), were employed for long-run empirical estimates. A substantial body of evidence supports the study’s findings using VECM technology. Green financing was negatively associated with CO2 emissions. However, environmental sustainability in ASEAN is favorably associated with green financing. It is also worth noting that green financing promotes environmental sustainability at the expenditure of economic growth. Financial development, foreign direct investment, R&D investment, and green technology foster economic expansion at the price of environmental sustainability. There are still many fences to green finance that need to be addressed, including pricing CO2 emissions and reforming inefficient nonrenewable fossil fuel subsidies. Local governments play a vital role in eliminating these barriers and addressing disincentives. It is recommended that policymakers push the financial sector to adopt a green finance strategy to further the goals of long-term sustainable development. Industry must integrate multiple objectives, such as inclusive growth and environmental protection and productivity, through an even broader range of legislative frameworks ideal for decoupling growth from social and ecological unsustainability, at the heart of the green manufacturing process.

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Recent progress in sustainable energy-efficient technologies and environmental impacts on energy systems

Cited by 85 publications

References 114 publications

Nexus Between Financial Development, Renewable Energy Investment, and Sustainable Development: Role of Technical Innovations and Industrial Structure

Nexus Between Financial Development, Renewable Energy Investment, and Sustainable Development: Role of Technical Innovations and Industrial Structure

Financial Agglomeration, Energy Efficiency, and Sustainable Development of China’s Regional Economy: Evidence from Provincial Panel Data

Does Green Financing Develop a Cleaner Environment for Environmental Sustainability: Empirical Insights From Association of Southeast Asian Nations Economies

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