Version 1
: Received: 20 May 2024 / Approved: 20 May 2024 / Online: 20 May 2024 (14:53:54 CEST)
How to cite:
Liang, C.; bin Yacob, M. R.; Siong Hookc, L.; binti Haruna, I.; Peng, B. Nexus between Green Technological Innovation, Renewable Energy Development, and Green Economic Growth: Role of Green Finance. Preprints2024, 2024051304. https://doi.org/10.20944/preprints202405.1304.v1
Liang, C.; bin Yacob, M. R.; Siong Hookc, L.; binti Haruna, I.; Peng, B. Nexus between Green Technological Innovation, Renewable Energy Development, and Green Economic Growth: Role of Green Finance. Preprints 2024, 2024051304. https://doi.org/10.20944/preprints202405.1304.v1
Liang, C.; bin Yacob, M. R.; Siong Hookc, L.; binti Haruna, I.; Peng, B. Nexus between Green Technological Innovation, Renewable Energy Development, and Green Economic Growth: Role of Green Finance. Preprints2024, 2024051304. https://doi.org/10.20944/preprints202405.1304.v1
APA Style
Liang, C., bin Yacob, M. R., Siong Hookc, L., binti Haruna, I., & Peng, B. (2024). Nexus between Green Technological Innovation, Renewable Energy Development, and Green Economic Growth: Role of Green Finance. Preprints. https://doi.org/10.20944/preprints202405.1304.v1
Chicago/Turabian Style
Liang, C., Irina binti Haruna and Bo Peng. 2024 "Nexus between Green Technological Innovation, Renewable Energy Development, and Green Economic Growth: Role of Green Finance" Preprints. https://doi.org/10.20944/preprints202405.1304.v1
Abstract
To meet the dual-carbon objective, China's economy needs to move from a carbon-intensive to a green economy. Green technology innovation and renewable energy development are key to promoting green economic growth. The study uses 2010–2022 provincial panel data from 30 Chinese provinces. The super-efficient SBM model measures the province's green economic growth index. A panel fixed-effects model is used to experimentally evaluate how green technology innovation and renewable energy development affect green economic growth. Green financing moderates and a panel threshold model tests the threshold effect of renewable energy development on green economic growth. The results demonstrate that (1) China's green economic growth is rising and has a "U" shape. (2) all selected variables significantly impact green economic growth. However, population density, government intervention, and industrial structure are inversely associated with GEG. Green economic growth is significantly boosted by the moderate role of green finance in the development of renewable energy and green technological innovation. (3) Renewable energy development has a single threshold non-linear effect on green economic growth, depending on its development level and green technological innovation. Considering China's current condition and research findings, this study examines the green energy transition to promote green economic growth and high-quality economic development. Meanwhile, puts forward some important policy recommendations.
Keywords
green economic growth: renewable energy development; green technological innovation; green finance
Subject
Business, Economics and Management, Economics
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
