Studying the green economic growth with clean energy and green finance: The role of financial policy

Liu, Xiaoyu and Zhao, Ti and Li, Ran (2023) Studying the green economic growth with clean energy and green finance: The role of financial policy. Renewable Energy, 215. ISSN 0960-1481, DOI https://doi.org/10.1016/j.renene.2023.118971.

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Abstract

Recently, there has been an urgent need to fully implement renewable energy sources to realise green energy transitions and combat environmental pollution. This study uses a benchmark estimation model to analyse the links between green economic growth, green financing, and green energy from 2010 to 2020 and green energy advancement in China. Within the context of renewable energy, scholars have investigated various, unequal, and mediating influence connections. According to the extant literature, green economic expansion and green finance are significantly linked with renewable energy, but with diverse influences in various types of renewable technology and in various regions. The effect of green growth in the economy on green energy is non-linear, while green finance is coherent. Green technological advancement is efficiently facilitates green productivity expansion and green energy, and the investment impact is partially mediated. This study contributes significantly to the formulation of several practical initiatives to strengthen the green energy sector and facilitate sustainable growth. The results indicate that it is essential to maximise the potential of green economic activity to advance the green energy sector through the full utilisation of green accomplishments in their transformed forms.

Item Type: Article
Funders: UNSPECIFIED
Uncontrolled Keywords: Green economic growth; Green finance; Renewable energy investment; Clean energy
Subjects: H Social Sciences > HG Finance
Divisions: Institute of Advanced Studies
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 18 Aug 2025 03:07
Last Modified: 18 Aug 2025 03:07
URI: http://eprints.um.edu.my/id/eprint/50714

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