Unlocking private investment as a new determinant of green finance for renewable development in China
Renewable Energy
; 198:1121-1130, 2022.
Article
in English
| Scopus | ID: covidwho-2015974
ABSTRACT
The COVID-19 pandemic has pushed up the green finance for renewable energy development. Private investment has been recognized as a dominant driver of the renewable energy industry, an essential and critical step in averting greenhouse gas emissions. Nonetheless, despite the increasing pace, private investment in green finance for renewable development is still restricted to several developed nations, where it is crucial. Prior studies have offered some understanding of the complexities and challenges that investment confronts in this industry, which remains underexplored in the case of China. This study employs the ARDL-PMG model used to examine the public listed companies in Shanghai and Shenzhen during China's 2010–2020 period. This research adds to the body of knowledge by rigorously examining the variables on FDI in renewable energy production in China and how these effects differ depending on the source of investment. Some of these factors include the adoption of national renewable energy legislation, the supply of foreign public money, and the broader economic environment. The findings indicate that worldwide financial assistance, legislative support policies, feed-in tariffs, and economic stability are potent drivers of green finance for developing renewable energy investment in China. Further, this research explains that the impacts of private sector investment and entrepreneurial contextual factors on expenditure vary depending on the source of finance, emphasizing the importance of dissecting investment spreads to fully comprehend private investment decisions in green finance for renewable development. © 2022
Autoregressive distributed lag model; China; Covid-19; Private sector investment; Sustainable development; Gas emissions; Greenhouse gases; Investments; Laws and legislation; Planning; Renewable energy resources; Autoregressive distributed lag models; Critical steps; Greenhouse gas emissions; Private investment; Private-sector investments; Renewable energies; Renewable energy development; Renewable Energy industries; greenhouse gas; Guangdong; Shanghai; Shenzhen
Full text:
Available
Collection:
Databases of international organizations
Database:
Scopus
Language:
English
Journal:
Renewable Energy
Year:
2022
Document Type:
Article
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