Testing Green Financing for Greater Renewable Electricity Generation and Energy Efficiency: Implications for Post COVID-19 Time

Abstract

There is a possibility that worldwide expenditures in renewable energy and energy efficiency projects could fall much further in 2017 and 2018. This may jeopardize the Sustainable Development Goals (SDGs) and the Paris climate change agreement. Lack of access to private financing slows the development of green initiatives. Now that sustainable energy isn't about science and technology, it's all about getting financing. Therefore, recent study intended to investigate the role of green financing for maximum renewable electricity generation and efficiency of energy in United States of America (USA). Our study suggested to value environmental initiatives, like other infrastructure initiatives, for greater electricity generation and energy efficiency in USA. Such infrastructural projects need long-term financing and capital-intensiveness. Our findings suggest that to sustain growth, development, and energy poverty reduction, around $26 trillion would be required, in terms of green financing, in the USA alone by the year 2030 to enhance energy efficiency. To achieve energy sustainability goals in USA, recent research suggested some policy implication considering the post COVID-19 time. If suggested policy implications are implemented successfully there are chances that green financing would make energy generation and energy efficiency as effective.

Role of Green Financing and Eco-Innovation for Energy Efficiency in Developed Countries: Contextual Evidence for Pre- and Post-COVID-19 Era

“…It is sustainable in resource-abundant countries, where there is increasing economic dependence that supports energy efficiency optimization, such as developed economies. Liu et al (2021a), Liu et al (2021), and Tu and Rasoulinezhad (2021) reasoned that green financing can be highly operative and attractive in improving energy efficiency. Moreover, the group of seven nations has established strategic policies for green financial market development, whereas there are not any specific studies on eco-innovation and energy intensity because it is a non-debatable concept to date.…”

Strategies for sustainable economic growth: The role of green taxation and renewable energy investment in the U.S

“…The interpretation of findings from the study on green taxation and renewable energy investment in the United States, in the context of sustainable growth, reveals a nuanced understanding of the interplay between economic development, environmental policy, and technological innovation. Liu et al (2021) emphasize the critical role of green financing in promoting renewable electricity generation and energy efficiency, particularly in the post-COVID-19 era. This highlights the importance of financial mechanisms in driving sustainable energy initiatives.…”