The Impact of Renewable Energy and Technology Innovation on Chinese Carbon Dioxide Emissions
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F22%3A10456341" target="_blank" >RIV/00216208:11230/22:10456341 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1007/978-3-030-99873-8_14" target="_blank" >https://doi.org/10.1007/978-3-030-99873-8_14</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/978-3-030-99873-8_14" target="_blank" >10.1007/978-3-030-99873-8_14</a>
Alternative languages
Result language
angličtina
Original language name
The Impact of Renewable Energy and Technology Innovation on Chinese Carbon Dioxide Emissions
Original language description
Understanding the influencing factors of carbon dioxide emissions is an essential prerequisite for policy makers to maintain sustainable low-carbon economic growth. Based on the autoregressive distributed lag model (ARDL) and error correction model (ECM), this paper investigates the causal relationships between economic growth, carbon emission, financial development, renewable energy consumption, and technology innovation in the case of China for the period 1965-2018. Our empirical results confirm the presence of a long-run relationship among the underlying variables. Our long-run estimates show that financial development has negative significant impacts on carbon emissions, whereas renewable energy and technology innovation have limited impacts on carbon mitigations. In addition, the short-run Granger causality analysis reveals that renewable energy consumption has a bidirectional Granger causality with carbon emissions and technology innovations. In the short run, we find that financial development can positively affect China's carbon mitigation efforts indirectly via the channels of renewable energy sources and technology innovations. Our results have three following policy implications for Chinese policy makers to maintain sustainable low carbon economic development: (i) establish a green finance market to mobilize the social capital into green industry; (ii) continue the environmental law enforcement to control for carbon emissions among energy intensive industries; (iii) provide government fiscal incentives to promote renewable energy sources on both supply and demand sides of the market. (C) 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Springer Proceedings in Business and Economics
ISBN
978-3-030-99872-1
ISSN
2198-7246
e-ISSN
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Number of pages
13
Pages from-to
177-189
Publisher name
Springer Nature
Place of publication
Cham
Event location
Praha
Event date
Jun 3, 2021
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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