The role of green finance in mitigating climate change risks: a quantitative analysis of sustainable investments

Zhao, Xing; Li, Xiangqian

doi:10.1007/s11356-023-31705-z

Cited by 1 publication

(1 citation statement)

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“…This nuanced analysis aligns with and diverges from existing research in several critical areas. For instance, Wang and Jiang [178], Fang et al [179], and Zhao and Li [180] examined the role of foreign direct investment in China's economic sustainability, suggesting that, while foreign direct investment significantly contributes to economic growth, its sustainability impact is contingent upon its alignment with green investment practices. This underscores the dual-edged nature of foreign direct investment, which can either bolster or undermine sustainability based on the environmental standards that are enforced.…”

Section: Fourier Long-run and Short-run Results And Discussionmentioning

confidence: 99%

The Green Engine of Growth: Assessing the Influence of Renewable Energy Consumption and Environmental Policy on China’s Economic Sustainability

Wang,

He,

2024

Sustainability

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Utilizing Fourier autoregressive distributed lag and Fourier Toda–Yamamoto causality methodologies, this research assesses the effects that renewable energy consumption and environmental policy had on the economic sustainability of China from 1991 to 2022. Our findings highlight the positive impacts of renewable energy use and stringent environmental policies on China’s economic growth, while also pinpointing the supportive roles played by foreign direct investment, trade openness, and financial sector evolution in fostering a sustainable economic environment. Conversely, a reliance on fossil fuels emerges as a significant barrier to sustainability. Causality tests confirm the essential roles of renewable energy and environmental policies in advancing China’s economic sustainability. This study underscores the critical need for integrating sustainable energy and environmental strategies within China’s economic development framework, advocating for a holistic policy approach that balances economic growth with environmental conservation. This research underscores the imperative for a sustainability-centered strategy for China’s economic advancement.

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Section: Fourier Long-run and Short-run Results And Discussionmentioning

confidence: 99%