Henan Polytechnic, Zhengzhou, 450046, China.
Environ Sci Pollut Res Int. 2023 May;30(21):59249-59261. doi: 10.1007/s11356-023-26430-6. Epub 2023 Mar 31.
The problem for developed and developing economies is achieving sustainable development and cleaner production. Income, institutional regulations, institutional quality, and international trade are the primary factors of environmental externalities. This research looks at 29 provinces in China between 2000 and 2020 to determine the effect of green finance, environmental regulations, income, urbanization, and waste management on renewable energy generation. Similarly, the current study uses the CUP-FM and CUP-BC for the empirical estimation. More precisely, the study shows the positive influences of environmental taxes, green finance index, income, urbanization, and waste management in renewable energy investment. However, the different measures of green finance, such as financial depth, financial stability, and financial efficiency, also positively contribute to renewable energy investment. Therefore, it can be considered the best solution to environmental sustainability. However, imperative policy implications are given to attain the peak of renewable energy investment.
发达经济体和发展中经济体面临的问题是实现可持续发展和清洁生产。收入、制度法规、制度质量和国际贸易是环境外部性的主要因素。本研究考察了 2000 年至 2020 年期间中国的 29 个省份，以确定绿色金融、环境法规、收入、城市化和废物管理对可再生能源发电的影响。同样，本研究使用 CUP-FM 和 CUP-BC 进行实证估计。更确切地说，该研究表明环境税、绿色金融指数、收入、城市化和废物管理对可再生能源投资有积极影响。然而，绿色金融的不同措施，如金融深度、金融稳定性和金融效率，也对可再生能源投资有积极贡献。因此，它可以被认为是实现环境可持续性的最佳解决方案。然而，为了达到可再生能源投资的峰值，需要提出必要的政策建议。
