Journal
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
Volume -, Issue -, Pages -Publisher
SPRINGER HEIDELBERG
DOI: 10.1007/s11356-023-28590-x
Keywords
Green finance; Urbanization; Energy consumption; Growth
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This study examines the relationships between energy consumption, urbanization, green finance, and economic growth in China. Using the quantile ARDL model and considering labor and capital as input factors, the period from 1999 to 2022 is analyzed. The findings indicate that green finance and urbanization have negative effects on economic growth across different quantiles, both in the short and long run. Conversely, energy consumption shows a significantly positive impact on growth in various quantiles. Policymakers are urged to implement sustainable energy measures, promote environmentally friendly urban planning, and embrace green technology to achieve both economic growth and environmental sustainability.
This study investigates the relationships between energy consumption, urbanization, green finance, and economic growth in China. By utilizing the quantile ARDL model and considering labor and capital as input factors, we analyze the period from 1999 to 2022. Our findings reveal that green finance and urbanization have negative effects on economic growth across different quantiles, in both the short and long run. Conversely, energy consumption exhibits a significantly positive impact on growth in various quantiles. Policymakers are encouraged to implement sustainable energy measures, promote eco-friendly urban planning, and embrace green technology to achieve both economic growth and environmental sustainability.
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